Silicon Wafers Market is Forecasted to Reach US$ 26 Billion in 2028, Says Stratview Research

The global silicon wafers market is projected to witness a growth rate of 9.2% annually from 2023 to 2028, with an anticipated size of US$ 26 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global silicon wafers market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics:
Market Size in 2022: US$ 18.8 billion
Market Size in 2028: US$ 26 billion
Growth (CAGR): 9.2% during 2023-2028
Leading Size Type: More Than 300 MM
Leading Application Type: Logic Devices
Leading End-Use Type: Computer
Leading Region: Asia-Pacific
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Silicon Wafers Market:
The global silicon wafers market is segmented based on size type, application type, end-use type, and region.

Based on size type - The silicon wafers market is segmented into less than 150 mm, 200 mm, and more than 300 mm. Among them, more than 300 mm are expected to remain the largest as well as the fastest-growing segment during the forecast period, primarily attributed to the augmented surface area afforded by larger wafers, facilitating the fabrication of a greater number of individual chips on a single 300 mm wafer when compared to smaller counterparts. These 300 mm silicon wafers play a pivotal role in the manufacture of microelectronic components, encompassing transistors and integrated circuits (ICs).

Based on application type - The market is segmented into DAO (Discrete, Analog, and Optoelectronics & Sensors), logic, and memory. Logic devices are predicted to remain the largest application in the market over the next five years. This is largely attributed to the persistent demand for higher-performance and energy-efficient logic chips, driven by the increasing ubiquity of consumer electronics like smartphones, tablets, and laptops. Additionally, the deployment of 5G technology is expected to reinforce this demand, compelling the development of more powerful and efficient logic chips, and further elevating the need for advanced silicon wafers.

Based on end-use type - The silicon wafers market is segmented into communication, computer, consumer electronics, industrial, automotive, and government. Among them, the computer segment is expected to remain the largest end-use of the market, whereas the communication segment is likely to grow at the fastest pace during the forecast period. As laptops continue to shrink in size, there is a growing demand for increased functionality from a single device, necessitating integrated circuit (IC) chips with a greater number of transistors to accommodate additional features. This is fueling the demand for high-performance Integrated Circuits (ICs) in the market.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest and fastest-growing market as it held a market share of more than 80% in 2022. This growth outlook is majorly attributed to the following-
· Taiwan is the largest semiconductor material-consuming country in the world.
· Furthermore, Asia-Pacific is at the forefront of technological advancements, including 5G technology, artificial intelligence (AI), and IoT applications. These advancements rely on advanced semiconductor materials and integrated circuits; thus, driving the demand for silicon wafers.
· North America and Europe, sizeable markets, are also likely to create healthy growth opportunities in the coming five years, driven by increasing investments in R&D activities.

Silicon Wafers Market Drivers:

Some of the key drivers listed in the report are given below.
· The advancements in semiconductor technology and continuous innovations in silicon wafer development are mainly driven by the evolving demand for a wide array of advanced electronic products, such as smartphones, tablets, and laptops.
· The increasing need for a diverse range of sensors for enhancing safety in automotive assistance and enabling autonomous driving
· The need for power management devices for improving energy efficiency, are boosting the demand for advanced silicon wafers.

Top 6 Companies in the Silicon Wafers Market:
Stratview Research has identified the following companies as the top market players (arranged alphabetically).
• Entegris, Inc.
• GlobalWafers Co., Ltd.
• Shin-Etsu Chemical Co., Ltd
• Siltronic AG
• SK Siltron Co., Ltd.
• SUMCO Corporation

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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This release was published on openPR.