The Diamond Semiconductor Substrates Market size is forecast to reach US$2.8 billion by 2027, growing at a CAGR of 12.8% from 2022-2027. The key aspect driving the market is a substantial number of mechanical applications such as semiconductor chip creation and development, mining applications, stone cleaning and cutting, medical surgeries and others. In December 2019, Fujitsu developed a technology for growing a diamond film on the wafer surface to boost the power amplifying applications. However, complex manufacturing techniques and a lack of knowledge hamper the Diamond Substrates Market.

Moreover, Diamond semiconductor substrates improve electromagnetic spectrum utilization, thereby improving the performance of military and defense cellular handsets, and satellite & wireless technologies. As a result, in the defense and aerospace sectors, the demand for diamond semiconductor substrates is continuously growing. In June 2019, HIC Corporation’s released a diamond substrates-based transistor that is being used in the defense industry for RF Energy, communication and other purposes.

North America generated approximately 29% of the global revenues in the Diamond Semiconductor Substrates industry in 2021. Growing demand for high-powered electronics and the rising applicability of diamond semiconductor substrates in a variety of industry verticals are boosting the North American Diamond semiconductor substrates market. In June 2020, Element Six launched DNV-B1, its first commercially-available, general-purpose chemical vapor deposition quantum-grade diamond substrate. These developments will increase the market size in the region.

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Diamond Semiconductor Substrates Market Growth Drivers:

Growing Medical applications of diamond substrates especially in implants will continue to drive the market demand

Diamond semiconductor substrates are one of the vital components in Medical coating for implants. Their use in medical coatings in various implantable medical devices drives the market growth. Growing advancements in neurosurgical endoscopy devices and imaging technologies are expected to drive the demand for diamond semiconductor substrates. Medical device coatings improve the flexibility, lubricity, antimicrobial, drug-eluting, biocompatibility and thromboresistance of medical devices. Manufacturers of catheters, stents, cardiac arrest devices, epidural probes, guide wires, feeding tubes and other devices are rapidly using diamond substrates because of their unique mechanical properties. In February 2020, Biocoat Incorporated added HYDAK UV technology to their existing medical device coatings, which provide UV protection to diamond substrates which then can be used in neurovascular, cardiovascular and peripheral vascular devices. These aforementioned factors will positively influence the Diamond Semiconductor Substrates Industry Outlook over the forecast period.

The Major Players in this Market Include

Major players in the Diamond Semiconductor Substrates Market include Blue Wave, Semiconductor, Advanced Diamond Technologies, Fujitsu Laboratories Ltd., Cornes Technologies Ltd., Crystallume, Diamond Microwave Devices Limited and Element Six among others. 

In January 2021, A joint research team led by the City University of Hong Kong demonstrated large, uniform tensile elastic straining of microfabricated diamond arrays for the first time using the nanomechanical approach. Its findings suggest that strained diamond substrates have the potential to be prime candidates for advanced functional devices in microelectronics, photonics and quantum information technologies.

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