Semiconductor Wafer Market is Predicted to Reach $27.13 Billion by 2030, Registering a CAGR of 4.8%

Allied Market Research published a report on Semiconductor Wafer Market by Size, Technology, Product Type, and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030. The global semiconductor wafer industry size was valued at $16.87 billion in 2020, and is projected to reach $27.13 billion by 2030, registering a CAGR of 4.8%.

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The growth of the global semiconductor wafer market size is anticipated to be driven by factors such as growing usage of semiconductor wafers in power amplifiers for transmitting ultra-high radio frequency, fast electronic switching, and high-speed signal applications. In addition, increase in adoption of smart devices and rise in sales of consumer electronic devices boost the overall market growth. However, volatility in cost of raw materials acts as a major restraint of the global semiconductor wafer industry.

On the contrary, surge in usage in automotive, healthcare, and industrial applications is expected to create lucrative opportunities for the semiconductor wafer industry. Moreover, developing nations tend to witness high penetration of semiconductor wafer products especially in automotive & industrial sector, which is anticipated to augment the market growth. In addition, increase in integration of electronics in automotive systems is expected to accelerate the market growth.

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https://www.alliedmarketresearch.com/semiconductor-wafer-market-A14249

Region-wise, the semiconductor wafer market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed maximum revenue in 2020. Also, between 2020 and 2030, the Asia-Pacific semiconductor wafer market is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries such as India, China, Japan, Taiwan, and South Korea.

Competitive Analysis:

The company profile section of the semiconductor wafer market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.

Some of the major key players of the global semiconductor wafer market include,

• Fujitsu Semiconductor Limited
• Global Foundries
• Global Wafers
• micron
• Semiconductor Manufacturing International Corporation (SMIC)
• Shin Etsu
• Siltronics
• Sumco
• Taiwan Semiconductor Manufacturing Company (TSMC) Limited
• United Microelectronics Corporation (UMC)

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The global semiconductor wafer market is flourishing at a rapid pace. However, complexities in manufacturing and high initial investment are still a concern for new entrants. Market players are generously investing in R&D activities to develop improved techniques to decrease complication of semiconductor wafer manufacturing. It is essential to optimize affordable prices for semiconductor wafer products for long-term growth.

Asia-Pacific accounted for a major share of the market in 2020, owing to the presence of major players in the region. Also, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of semiconductor wafer in a variety of fields.

Key Findings of the Study

• The consumer electronics sector is projected to be the major application, followed by automotive.

• Asia-Pacific and North America collectively accounted for more than 83% of the global market share in 2020.

• China is anticipated to witness the highest growth rate during the forecast period.

• U.S. was the major shareholder in the North America semiconductor wafer market, accounting for approximately 93% share in 2020.

• Depending on product type, the memory segment generated the highest revenue in 2020. However, the processor segment is expected to witness the highest growth rate in the near future.

• Region-wise, the semiconductor wafer market share was dominated by Asia-Pacific. Also, Asia-Pacific is expected to witness significant growth in the coming years.

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