Global Silicon Wafer Market to Grow at 4.53% During 2022-2027, Stimulated by Expanding Electronics and Automotive Industries

According to latest report by IMARC Group, titled "Silicon Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027," the global silicon wafer market reached a value of US$ 11.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 14.62 Billion by 2027, exhibiting a CAGR of 4.53% during 2022-2027. Silicon (Si) wafer is a semiconductor material installed with electronic integrated circuits (ICs) and microelectronic circuits. It is extensively used in smartphones, tablets, gaming devices, microchips, solar cells, military weapons, rectifiers, etc. In these devices, silicon wafers provide a wide range of current and voltage handling capacity along with high reliability, durability, and heat resistance. As a result, silicon wafers find extensive applications across diverse industries, including consumer electronics, energy generation, telecommunication, defense, automotive, etc.

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Global Silicon Wafer Market Trends:

The expanding consumer electronics sector, along with the growing trend of device miniaturization trends, is primarily augmenting the market for silicon wafers. These wafers are also gaining traction among several electronic manufacturers to produce compact integrated circuits in smartphones, laptops, smartwatches, tablets, etc. Besides this, the rising environmental concerns due to high carbon footprints from fuel-based power plants are propelling the demand for renewable energy sources. The growing number of solar power plants is catalyzing the use of silicon wafers in photovoltaic cells. Additionally, significant growth in the automotive sector has led to the emergence of hybrid vehicles. In the coming years, the increasing penetration of Industry 4.0 technologies, including AI, IoT, machine learning, etc., will continue to bolster the global market for silicon wafers in the coming years.

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Key Segmentation:

Competitive Landscape with Key Players:

• Global Wafers Singapore Pte. Ltd
• Okmetic Oy
• Shanghai Simgui Technology Co. Ltd
• Shin-Etsu Chemical Co., Ltd
• Silicon Materials Inc
• Siltronic AG
• SK Siltron Co., Ltd
• Sumco Corporation
• Tokuyama Corporation
• Virginia Semiconductor, Inc
• Wafer Works Corporation

Breakup by Wafer Size:

• 0 - 100 mm
• 100 - 200 mm
• 200 - 300 mm
• More than 300 mm

Breakup by Type:

• N-type
• P-type

Breakup by Application:

• Solar Cells
• Integrated Circuits
• Photoelectric Cells
• Others

Breakup by End-Use:

• Consumer Electronics
• Automotive
• Industrial
• Telecommunications
• Others

Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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