Silicon Boat Market Report Overview
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The global silicon boat market size US$ 189.3 million in 2022. As per research the market is expected to generate US$ 307.1 million by 2028, exhibiting a high CAGR 8.4% during the forecast period.
When quartz is thermally reduced using a reducing agent in a submerged arc furnace (SAF), silicon metal is created, which is a refined version of silica. It is often referred to as industrial silicon or metal silicon. Iron, aluminum, and calcium make up the bulk of its chemical makeup. Metallic silicon may be classified into several classes, such as 553, 441, 411, 421, 3303, and so on, depending on its Fe, Al, and Ca content. Boats are described as the watercraft utilized for both leisure and transportation reasons. The differences between boats and ships include size, construction and design, operational regions, cargo capacity, navigational technology, and a host of other aspects. Boats, such as ferrying and towing vessels, sail vessels, paddle vessels, and others, can be used in smaller or more constrained water environments.
In growing nations like Brazil and China, the tourist industry is thriving and residents' disposable income is expanding. These are some of the major drivers of market expansion. Additionally, it is predicted that the increasing popularity of recreational and competitive boating activities will propel market expansion. Additionally, improvements in technology that will result in the introduction and widespread use of connected boats are anticipated to drive market expansion over the forecast period. Boat and engine producers, independent dealers, service providers, and suppliers of equipment make up the market.
COVID-19 Impact: COVID-19 Pandemic Trade Restrictions Hence Impedes Market Growth
Due to the closure of manufacturing facilities and the global trade restrictions established as a result of the COVID-19 pandemic, the market for silicon boats and ships had slow development. Due to the ships being stuck at sea and unable to reach the ports, there was a dramatic decrease in maritime transportation, which resulted in dramatically increased operating expenses for the shipping businesses. The Silicon boat market saw slight losses from March through May 2020 as a result of Chinese supply interruptions and lockdowns. Once lockdowns were lifted and logistics were brought under control by the end of May 2020, the market reopened with regular sales akin to the prior year. However, the demand for personal watercraft increased significantly around June after the US lifted its emission restrictions on boating. People's inability to leave because of partial lockdowns and personal boats serving as a safe tourism alternative during the pandemic were the major causes of this. In the months leading up to 2020, the manufacturing of silicon boats has grown by around 20–60% every month. Sales, however, had returned to normal by September–October 2020.
Latest Trends
"Silicon’s Evolving Uses in Renewable Energy Leading Market Expansion"
Solar power is one of the fastest-growing solutions for residential and commercial customers, and it is necessary for a sustainable future. For system designers wanting to get the most energy out of the most obvious solar renewable energy source, it is an enticing concept. However, accuracy and dependability are necessary to fully utilize this incredible power. Research into solar energy harvesting has expanded as people's understanding of solar energy's significance has grown.
Solar power systems may now attain 98% efficiency thanks to silicon technology, which also often results in significantly smaller inverters and lower total cost of ownership. These converters can also work at higher frequencies, which significantly reduces the size and expense of the magnetic components needed and lowers the cost of the entire system. Due to these advantages, large-scale solar farms, residential solar panels, and electric car chargers may all make strategic use of clean and green energy.
Silicon Boat Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into vertical silicon boat, horizontal silicon boat. Vertical silicon boat is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Semiconductor, Solar Energy, and LED. Semiconductor will be the dominating segment.
Driving Factors
"Increasing Popularity of and Competitive Boating Activities Will Propel Market Expansion "
Higher chip performance may result from several technical advancements. Higher chip yields on the wafers may result from these technological advancements, as has already been demonstrated by a number of clients as part of a successful product certification. In growing nations like Brazil and China, the tourist industry is thriving and residents' disposable income is expanding. These are some of the major drivers of market expansion. Additionally, it is predicted that the increasing popularity of and competitive boating activities will propel market expansion. Additionally, improvements in technology that will result in the introduction and widespread use of connected boats are anticipated to drive market expansion over the forecast period. Boat and engine producers, independent dealers, service providers, and suppliers of equipment make up the market.
Induced flaws may occasionally be evident on the front side of the wafer, which may have an impact on the yield of the chip in such areas depending on the contact surface between the wafer and the boat and the process temperature. Defects on the backside of the wafer may be removed and redistributed to the front side of neighboring wafers during subsequent processing, reducing yield once again. This friction may be avoided or significantly reduced by employing silicon boats, which have the same expansion coefficient as silicon wafers. The amount of faults on the wafer backside is greatly decreased by the use of silicon boats, as demonstrated by several studies. The wafer front's slide lines and impressions are the same.
The boats can then be utilized right away at the client without needing to be cleaned again, but they must first go through a pre-conditioning phase before being used in the customer's production process. The boats come with the suggested pre-conditioning procedure.
Restraining Factors
"Availability of Substitutes in The Market May Hamper the Expansion"
In comparison to conventional silicon metal-oxide-semiconductor field-effect transistors (MOSFETs), gallium nitride (GaN) and silicon carbide (SiC) field-effect transistors (FETs) allow for higher levels of power density and efficiency. Although both technologies have a large bandgap, certain topologies and applications favor GaN over Si due to fundamental differences between the two. By decreasing the number of active and passive components, allowing the use of smaller and lighter magnetic components, and lowering system cooling needs, GaN can result in considerable system-level cost reductions. GaN is anticipated to deliver less expensive devices. Additionally, GaN has a higher electron mobility than Silicon, making it the ideal material for devices used in extremely high-frequency applications. The expansion of the silicon metal market is constrained by the high cost of producing silicon metal. The SAF's energy needs take up a sizable percentage of working capital. In addition, labor and transportation expenses drive up the cost of production. The energy-intensive purifying procedure needed to produce silicon metal makes it a very energy-intensive product. A feedstock such as coal, quartz, natural gas or oil, and electrodes are needed for the production of silicon metal. As a result, there are few new firms entering the silicon metal value chain.
Silicon Boat Market Regional Insights
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"Japan Is Expected to Have the Largest Market Share During Forecast Period"
With a market share of over 50%, Japan is by far the biggest producer of Silicon Boat, followed by China and the United States. The country with the greatest CAGR throughout the projection period is predicted to be Japan. The main drivers of the market growth in Japan include an ageing population, rapid urbanization, and a growing emphasis on EV adoption by local governments. The increasing number of Si power applications for power semiconductor devices opens up enormous revenue possibilities in this sector.
The market in this area is anticipated to expand at a rapid rate, driven primarily by expanding economies, an increase in the number of small and medium-sized firms, and government-imposed required requirements relating to digital transformation. China, India, and Japan are among the nations in this area that are embracing EVs in order to become carbon neutral and switch to renewable energy sources.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Ferrotec Material Technologies Corporation (Japan)
- Coorstek (U.S.)
- Worldex Industry (South Korea)
- CE-MAT (India)
- Kallex Company (Taiwan)
- Shandong Huamei (U.S.)
- Xian Zhongwei (China)
- Tangshan FCT (Tangshan)
- Ningbo VET Energy Technology (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 189.3 Million in 2022 |
Market Size Value By |
US$ 307.1 Million by 2028 |
Growth Rate |
CAGR of 8.4% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Silicon Boat marketexpected to touch by 2028?
The global Silicon Boat market size is expected to reach USD 307.1 million by 2028.
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What CAGR is the Silicon Boat market expected to exhibit by 2028?
The Silicon Boat market is expected to exhibit a CAGR of 8.4% by 2028.
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What are the key players in the Silicon Boat market?
Ferrotec Material Technologies Corporation, Coorstek, Worldex Industry, CE-MAT, Kallex Company, Shandong Huamei, Xian Zhongwei, Tangshan FCT, Ningbo VET Energy Technology are the key players in the Silicon Boat market.
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What are the key factors driving the Silicon Boat market?
The growing need for mobile-friendly websites is also anticipated to fuel the growth of the URL shortened industry.
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What is the leading region in the Silicon Boat market?
North America is the leading region in the Silicon Boat market.