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Semiconductor Wafer Market Report 2024-2033 | Size, Growth, Growth Demand, Trends
Semiconductor Wafer Market
As per the report, the semiconductor wafer market size has grown strongly in recent years. It will grow from $15.79 billion in 2023 to $16.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The semiconductor market size is expected to see strong growth in the next few years. It will grow to $21.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Rising Consumer Electronics Demand Fuels Growth Of Semiconductor Wafer Market
The increasing demand for consumer electronics is expected to propel the growth of the semiconductor wafer market going forward. Consumer electronics refer to electronic devices intended for everyday use by individuals. Consumer electronics constantly evolve with new and improved technologies, features, and functionalities, often providing convenience and improving productivity in various aspects of life. The semiconductor wafer is used in consumer electronics as the foundational substrate on which integrated circuits and microchips are fabricated, enabling the functionality of devices such as smartphones, computers, and televisions. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached 771,457 units. In addition, consumer electronics production reached 32,099 units in May 2023, compared to 25,268 units in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the semiconductor wafer market.
Advancements in Silicon Wafer Development to Meet Growing Industry Demands
Major companies operating in the semiconductor wafer market are developing silicon wafers to meet the increasing demand for advanced electronic devices in various industries. Silicon wafers serve as the substrate for fabricating integrated circuits (ICs) and semiconductor devices. For instance, in April 2024, LONGi, a China-based photovoltaics company, launched TaiRay silicon wafer products. The TaiRay silicon wafers are designed to support multiple cell technologies and are available in various sizes and thicknesses to meet different market needs. TaiRay wafers also have enhanced mechanical properties, with a 16% higher bending strength than conventional wafers. This increased bending strength helps reduce the breakage rate during production, mainly when producing thinner wafers.
The semiconductor wafer market covered in this report is segmented -
1) By Product: Processor, Memory, Analog, Other Products
2) By Technology: Wafer Bumping, Packaging And Assembly, Testing And Inspection, Other Technologies
3) By Application: Consumer Electronics, Industrial, Telecommunication, Automotive, Other Applications
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Major companies operating in the semiconductor wafer market are Samsung Electronics, Intel Corporation, Qualcomm Incorporated, ASML Holding, LONGi Green Energy Technology Co. Ltd., Shin-Etsu Chemical Co. Ltd., Tokyo Electron Limited, STMicroelectronics N.V., KLA Corporation, Microchip Technology Inc., SUMCO Corporation, Globalwafers, Siltronic AG, Soitec, Fujimi Incorporated, Wafer Works Corporation, Ferrotec Holdings Corporation, Okmetic Inc., Episil-Precision Inc., Alfa Chemistry, Shanghai Simgui Technology Co. Ltd. , SK Siltron Co. Ltd., Wafer World Inc., WaferPro, Virginia Semiconductor
Contents of the report:
1. Executive Summary
2. Semiconductor Wafer Market Report Structure
3. Semiconductor Wafer Market Trends And Strategies
4. Semiconductor Wafer Market - Macro Economic Scenario
5. Semiconductor Wafer Market Size And Growth
…..
27. Semiconductor Wafer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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