The Global Silicon Wafers Market is projected to grow at CAGR of 3.29% during the forecast period to reach a market size of US$9,564.826 million in 2023.

The recent study on the global silicon wafers market covers an in-depth analysis of the market on the basis of wafer size, fabrication method, industry vertical, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Silicon Wafers Market”, the market is expected to increase from US$7,876.089 million in 2017 to US$9,564.826 million by 2023, at a CAGR of 3.29% during the projected period. The report has segmented the global silicon wafers market by wafer size (0-100mm, 100-200mm, 200-300mm, more than 300mm), by fabrication method (Czochralski technique, Bridgeman method, float-zone, others), by industry vertical (consumer electronics, automotive, manufacturing, telecommunications, others) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, others), Europe (France, Germany, United Kingdom, Italy, others), Middle East and Africa (Israel, others), and Asia Pacific (China, Taiwan, Japan, South Korea, others). Silicon is the second most abundant element on the planet and is widely used in the semiconductor industry. The major factors driving the demand for the semiconductor industry is the growing adoption of smart devices and the growing popularity of industrial automation. Moreover, the recent trend of increasing prices of silicon wafers is further providing the opportunity to the silicon wafer manufacturers to generate higher margins. Simultaneously, the growing content of electronics in the automotive industry is further projected to supplement the growth of the market during the forecast period.

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200-300mm silicon wafer size holds 64.80% market share in 2017

The growing production of flash memory that is used in the data centers is significantly driving the demand for 300mm silicon wafers globally. Furthermore, the shift towards the 3D NAND from 2D NAND is further supplementing the growth of the 300mm silicon wafer size segment.

The Automotive Industry is projected to grow at the highest CAGR of 6.66% during the forecast period.

The number of electronics present in vehicles has been steadily on the increase. In fact, the electronic cost as a percentage of total car cost increased from 30% in 2005 to 35% in 2010, which is further estimated to increase to 50% by 2030 and as such, the growing electronics content in the automotive industry is driving the silicon wafers market.

The Asia Pacific holds a dominant share in the market

The Asia Pacific silicon wafers market is estimated to dominate the global market with 68.04% share in 2017 on account of the presence of key players and the growing production of integrated chips in the region. Simultaneously, the region is further anticipated to grow at a CAGR of 4.22% during the forecast period on account of measures taken by the government of different countries to improve the business environment and further promote electrical and electronic production in the region.

Some of the major players discussed in the reports are Siltronic AG, Sumco Corporation, Global Wafers Co., Ltd., Silicon Materials, Inc., and Wafer World, Inc. among others.

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