Sales Analysis of Silicon Wafer Market from 2022-2031

Transparency Market Research delivers key insights on the global silicon wafer market. In terms of revenue, the global silicon wafer market is estimated to expand at a CAGR of 9.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global silicon wafer market.

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Semiconductors are becoming the building blocks of all modern technology and advances & developments in this sector have a direct impact on all downstream technologies. The semiconductor silicon wafer remains the cornerstone of the electronics industry, and it is used in numerous microelectronic devices. These devices are being utilized in a wide range of gadgets, as digitization and electronic mobility have become current technology developments. Additionally, increase in the need for more functions from a single device has also fueled the desire for compact gadgets.

However, the industry is estimated to focus on the trend of wafer diameter growth as an effective means to reduce semiconductor production cost, and attempt to foresee how soon the next-generation 450 mm wafer would become mainstream. The latest semiconductor production lines currently use 300 mm wafers for logic/memory chips and for analog devices.

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Silicon Wafer Market: Dynamics

Wafers are sawed out of a block (ingot) of very pure crystalline silicon. The wafer is then polished and functionalized via materials deposition or modification based on the intended use. Wafers are fabricated according to different wafer sizes, in terms of size, the global silicon wafer market has been classified into 100mm, 150mm, 200mm, and 300mm & above. The 300 mm & above segment accounted for a prominent share of the global silicon wafer market. This segment is expected to surpass other segments in the market.

Currently, 23 companies are producing 300mm fabs, while 58 companies are still using 200mm fabs. The goal of 450mm wafers was to extend the cost savings of 300mm wafers even further; however, exorbitant costs and unpredictable rollouts appear to have destroyed the project. However, 450mm wafers are tangible proof that the industry's transition to this next-generation technology is on track and gaining momentum.

Based on device, the silicon wafer market has been divided into analog, CMOS, logic & memory, and MEMS. Among these, the logic & memory segment leads the silicon wafer market, due to its multiple applications in Internet of Things (IoT) and rising use of networking devices in different devices across the globe.

There are two major types of microchips: Logic chips and Memory chips. Logic chips are the 'brains' of electronic devices, and they process information to complete a task and memory chips store information. Chip improvements are behind the incredible increase in computing power and memory function that has enabled technology to advance even for the silicon wafer market. These two devices utilize major of the silicon wafer that are produced today and they are estimated to witness increased adoption during the forecast period.

Major application trends that have driven the silicon wafer market are automation, digital connectivity, security, electrification, etc. These major trends are estimated to shape the semiconductor industry. The vast majority of semiconductor demand is driven by products ultimately purchased by consumers, be they laptops or communication devices such as smartphones. Consumer demand is being driven increasingly in emerging markets including those in Asia, South America, Eastern Europe, and Africa.

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Silicon Wafer Market: Prominent Regions

In terms of region, the global silicon wafer market has been segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa. North America and Asia Pacific accounted for a major share of the global silicon wafer market. Asia Pacific is estimated to account for a major share of the market, in terms of revenue, during the forecast period, owing to the huge consumer base and presence of major manufacturing hubs in the region.

Rising demand for consumer electronics and increasing safety & autonomous features in automotive applications are key factors driving the silicon wafer market in the region. In terms of country, China is a prominent market in Asia Pacific, which accounted for a major share of market in the region and the total global market.

Silicon Wafer Market: Key Players

Key players operating in the global silicon wafer market are Wafer World Inc., SUMCO Corporation, Shin-Etsu Chemical Co., Ltd., Okmetic, Sil'tronix Silicon Technologies, Global Wafers Co., Ltd., Siltronic AG, Silicon Materials Inc., Wafer Works Corporation and SK Siltron Co., Ltd. etc.

Semiconductor firms generally organize their activities around the two main stages of semiconductor production: design and manufacturing. Companies that focus only on design are referred to as "fabless" firms, while companies that focus only on manufacturing are called "foundries." Semiconductor firms that do both are called Integrated Device Manufacturers, or IDMs.

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