Silicon Wafer Market 2020 By Industry Growth & Regional Forecast

A detailed analysis of the silicon wafer market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the silicon wafer market report also contains information on the pivotal industry insights for core players to look out for.

The growing importance of renewable energy sources has led to a rise in the demand for solar energy. There is high growth in the number of solar panel installations owing to the rising awareness about the advantages of using solar energy. Solar panels and cells are created using silicon wafers due to their semiconducting properties. The solar band efficiency of 1.1 eV of silicon makes it a practical option to be used for these panels. The abundance of silicon, stable cell efficiencies, and non-toxicity make it a suitable material choice for photovoltaics, boosting the silicon wafer market growth.

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High initial investments associated with the manufacturing of these wafers will pose a threat to the silicon wafer industry growth. Moreover, a semiconductor manufacturing unit must be a high-volume production facility to support large orders that further result in very high initial investments. The facility also requires subunits such as water treatment facility, gas supply, and a central utility substation. Budgetary constraints will restrict small players from entering the industry thereby restricting the silicon wafer market growth. Technicians must be trained in handling the entire manufacturing process, further resulting in increased expenses.

Memory demand is rising across various applications from mobile devices to servers. The rising wafer costs and tight supply constraints are compelling memory manufacturers to transition to higher NAND and DRAM densities. The increasing need for high-memory applications will drive the silicon wafer market growth. Memory and logic devices that include SDRAM, DRAM, GPU, CPU, and flash memory are used in mobile internet devices, gaming devices, digital music players, and computers.

The silicon wafer industry research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the silicon wafer market has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the silicon wafer industry.

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Asia Pacific silicon wafer market is poised to witness growth owing to the booming automotive sector in the region. Several government initiatives in India encouraging foreign investments in the automotive sector have led to the growth of the industry. In addition, the flourishing electronics industry in China will also favor the silicon wafer industry growth. The advent of Industry 4.0 and technologies, such as IoT and AI in the automotive sector, will fuel the demand for these wafers for high performance and smooth operation of the vehicle.

Key players in the silicon wafer industry include Shin-Etsu Chemical Co., Ltd., SUMCO Corporation, Siltronic AG, Shanghai Simgui Technology, Wafer Works Corporation, GlobalWafers Singapore Pte. Ltd., and Tokuyama Corporation. The silicon wafer market is witnessing steadily growing competition with increasing number of players focusing on making investments in the R&D of wafer technology.

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