SEMICONDUCTOR SILICON WAFER MARKET REPORT OVERVIEW
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The global semiconductor silicon wafer market size was USD XYZ in 2020 and is projected to touch USD 30.58 billion by 2031, exhibiting a CAGR of 14% during the forecast period.
A semiconductor silicon wafer can be found in electronics which is wafer-thin slice made from silicon is found, which is used in fabrication. It is used to create integrated circuits, microdevices, and photovoltaics (used in manufacturing solar cells). Wafer is a substrate for microelectronic devices, and it undergoes many microfabrication processes such as doping, deposition of various substances, etching, photolithographic patterning. It is a thin round disc that comes in a variety of diameters. The silicon wafer can be found in many electronics, as it is the second most common element in the universe.
Semiconductor silicon is used as semiconductor technology in the electronics sector. They are the building blocks of all modern technology devices. It is used in several industries such as MEMS fabrication, integrated circuits, optoelectronic components, sensors and detectors, and other components. They are used in electronic devices from normal computers, laptops, smartphones, digital & electrical gadgets to telecommunication products.
COVID-19 Impact: Halt on Operations to Impede Product Demand
The global COVID-19 pandemic has been unprecedented and staggering, with semiconductor silicon wafers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the semiconductor silicon wafer market growth and demand returning to pre-pandemic levels once the pandemic is over.
The outbreak of COVID-19 is already being felt globally and the global semiconductor silicon wafer market is considerably impacted. In 2020, COVID-19 affected the markets severely. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses witnessed disruptions. The pandemic prominently affected the sales of semiconductor silicon wafers globally due to the halting of production. The demand for semiconductor silicon comes from the industries such as telecommunication, electronics, automotive, and others. Pandemic affected all of these industries by forcing production to shut down, shipments to stop, supply chain disruptions, supply and demand gap, and changes in pricing. But as the industries are gaining traction and recovering, all of the related sectors are also recovering, including the semiconductor silicon wafer market.
LATEST TRENDS
"Miniaturization of Semiconductors to Propel Demand"
The trend that can impact the global semiconductor silicon wafer market size is the degree of miniaturization. There has been a growing demand for compact electronic devices requiring a higher degree of miniaturization as devices become more compact. Silicon wafers are the main material used in producing semiconductors which are essential parts of all electronic devices. They still have the primary applications in consumer electronics. Several technological developments will lead to driving the trend of miniaturization. The developing miniaturization of electronics will lead to smaller geometries of semiconductors, which will lead to supply voltage decrease. This increases the efficiency per transistor and more processing power. Nowadays, companies offer customers the option to miniaturize their applications according to their convenience.
SEMICONDUCTOR SILICON WAFER MARKET SEGMENTATION
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- By Application
Based on the application; the market is divided into telecommunication, consumer electronics, automotive, and others.
Consumer electronics is the largest part of the application segment due to the rising use of electronics amongst consumers. Devices like tablets, smartphones, laptops, and many others have witnessed quite a high growth. Semiconductor silicon wafers are also being increasingly used in the automotive industry due to the growth of advanced systems such as automatic braking systems, human-machine interferences, and many more.
DRIVING FACTORS
"Increasing Applications in Various Industries of Semiconductors to Drive Demand"
The global semiconductor silicon wafer market growth is owed to its increasing applications. The primary demand for semiconductors comes from the electronics industry; the rising use of computers, phones, laptops, and other electronic devices has created a significant amount of opportunities in the market. The growing mobile phone industry and wireless communications devices are also expected to boost the market. Silicon wafers are used in producing microscopic computer systems and nanomaterials. In addition, the growing adoption of semiconductors in industries such as healthcare, automotive, consumer electronics, and aerospace & defense is also expected to increase the market size and demand. Rapid semiconductor applications in artificial intelligence and machine learning are also expected to further boost the demand for semiconductor silicon wafers.
"Optimized Use of Silicon Wafers to Expand Market Exponentially"
Silicon is an important and high-quality product used for the manufacturing of semiconductors. Removing unwanted materials from the silicon wafer, known as reclaiming, is an economical process undertaken by high-volume producing chips. They take on significant silicon substrates and use them again. Due to the high cost of quality silicon and huge volume consumption by several industries, many manufacturers have optimized and monitored their manufacturing processes and equipment, using reclaimed wafers.
RESTRAINING FACTORS
"Complications in Manufacturing Process to Hamper Market Growth"
The global semiconductor silicon wafer market has many drivers that can propel the demand, but some restraints can hinder the market growth. The intricate manufacturing process of silicon wafers designs and changes in the semiconductor industry is expected to impede market growth. The process includes sorting, stripping, lapping, polishing, and inspecting which is a very time-consuming and complex process. Any errors in the construction method can hamper the entire process, reducing the demand for silicon wafers.
SEMICONDUCTOR SILICON WAFER MARKET REGIONAL INSIGHTS
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"North America to Dominate Market Owing to Innovative Manufacturing "
North America holds a major part in the global semiconductor silicon wafer market share. The U.S. has been innovating in terms of design, manufacturing, and research. The region has leading semiconductors companies that have innovative packaging and numerous fabrication plants. The companies are playing an important role in enhancing the manufacturing and design of semiconductor systems
Asia Pacific region is the fastest-growing region owing to the numerous semiconductor manufacturers, foundries, and water fabrication industries. Rising adoption of portable electronic devices, increasing use of AI, IoT, analytics, and many other evolving technologies lead to an increase in semiconductor silicon wafer market demand.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global semiconductor silicon wafer market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Globalwafers Co Ltd.
- International Business Machines Corp. (U.S.)
- LG Electronics Inc. (South Korea)
- Nissan Chemical Corp. (Japan)
- Samsung Electronics Co. Ltd. (South Korea)
- Shin-Etsu Chemical Co. Ltd. (Japan)
- Siltronic AG
- SK Siltron Co. Ltd. (Korea)
- Soitec SA (France)
- SUMCO Corp
INDUSTRY DEVELOPMENT
- February 2022: Intel has acquired Israeli contract chip manufacturer Tower Semiconductor for USD 5.4 billion. The acquisition is done with the intention of expanding its Intel 2.0 strategy for advancing its manufacturing capacity and global and technological presence.
REPORT COVERAGE
This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
Frequently Asked Questions ON Semiconductor Silicon Wafer Market
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What is the leading region in the global semiconductor silicon wafer market?
North America is the leading region in the global semiconductor silicon wafer market.
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What CAGR is the semiconductor silicon wafer market expected to exhibit by 2031?
The semiconductor silicon wafer market is expected to exhibit a CAGR of 14% by 2031.
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Which are the driving factors of the semiconductor silicon wafer market?
Drivers of this semiconductor silicon wafer market are rising demand for increasing applications of semiconductors and optimized use of silicon wafers.
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Which are the top companies operating in the semiconductor silicon wafer market?
Global wafers Co Ltd., International Business Machines Corp., LG Electronics Inc., Nissan Chemical Corp., Samsung Electronics Co. Ltd., Shin-Etsu Chemical Co. Ltd., Siltronic AG, SK Siltron Co. Ltd., Soitec SA, and SUMCO Corp are the key companies operating in the semiconductor silicon wafer market.
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How big is the semiconductor silicon wafer market by 2031?
The global semiconductor silicon wafer market is projected to touch USD 30.58 billion by 2031.