Market Highlights
Silicon wafer provides the data processing capabilities and are majorly used in integrated circuits. The silicon wafers market is segmented into 150mm, 200mm, 300mm, and 450mm on the basis of size of the silicon wafers. Presently, 300mm diameter wafers are widely used by the semiconductor industry. It is also expected that over the next couple of years, the market will show some progress towards the 450mm diameter wafers. But major manufacturers present in the market are restraining to invest in the new technology. The main reason behind it is high manufacturing costs of semiconductor processing tools. In spite of the above challenges, major companies in the market are still working on 450mm wafers. Due to high cost of manufacturing process of the 450mm will restrict the small companies to implement this technology. In 2015, the 300mm silicon wafers segment is dominating the market and accounting for about 60-65% of the market revenue due to high demand in the solar industry.
Moreover, the growing demand for the solar energy will contribute to the growth of the solar panel and solar cells which in turn will boost up the silicon wafer market as the silicon wafers are widely used in the manufacturing of the solar cells.
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Countries such as China, U.S and Japan are some of the major leading countries in this market. China is said to have the one of the largest market for the electronics. Semiconductor makers of the china are still behind the international rivals. To support the market, china government is making the effort to promote its domestic technology market by funding to support the industry players. There are also some companies such as Lenovo and Huawei technologies are the largest manufacturer and supplier of the technology.
Silicon Wafers Market is expected to grow at CAGR of 8.5% and estimated to reach at market size of US ~$503 million by the end of forecast period.
Industry Update
March 2019: A*Star and Soitech have partnered on a joint program to develop a new layer transfer process for advanced packaging. This new competitive wafer-to-wafer layer transfer process delivers increasing yield, low power, and high interconnection density and speed. Soitec is a leading designer and manufacturer of innovative semiconductor materials. A*Star stands for the Agency for Science Technology and Research.
Market Segmentation
The global silicon wafers market is segmented on the basis of size, type, and application. The global silicon wafers market is segmented into 150 mm, 200 mm, 300 mm, and 450 mm, based on size. The segment of 300 mm is estimated to garner the biggest market share during the forecast period. Many companies are extensively investing in 300 mm and larger sized wafers owing to the low cost of production per unit area. Based on type, the global silicon wafers market is segmented into N-type and P-type. On the basis of application, the silicon wafers market is segmented into integrated circuits, solar cells, and photoelectric cells.
Key Players
The major players operating in the market of Silicon wafers are- Elkem AS (Norway), Addison Engineering (CA), Renewable Energy Corporation (Norway), Shin-Etsu Handotai Co. Ltd. (Japan) , Siltronic AG (Germany), MEMC Electronic Materials Inc.(California), LG Siltron Inc.( South Korea), Advance Semiconductor Inc.(U.S.), and SUMCO Corp.(Japan) among others
Detailed Regional Analysis
The global silicon wafers market is projected to garner a revenue of USD 503 million during the forecast period ending by 2022. The global silicon wafers market is geographically segmented by Market Research Future (MRFR) into North America, Asia Pacific, Europe, and the Rest of the World. The silicon wafer market in Asia Pacific is estimated to spearhead the global market during the forecast period. Many emerging economies like China, Japan, and India are expected to dominate the country-specific market for silicon wafers in Asia Pacific. Attributable factors to such growth include the rising disposable incomes of the consumers in the region, increasing government funding, and rapidly rising demand for electronics in the region. Further, a need for safe and reliable clean energy sources is bound to create lucrative demand for solar panels and solar cells, hence, boosting the growth in the silicon wafers market. Europe is projected to exhibit steady growth in the silicon wafers market owing to the development in the automotive and electronic sectors during the forecast period.
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Intended Audience
- Silicon wafers developers
- Integrated chip developers
- Government Agencies
- Research Institutes & Universities
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