Silicon Wafers Market
Silicon wafers are materials used in manufacture of semiconductors and essential in powering various kinds of electronic devices. The global silicon wafers market size is projected to reach USD 11,889 million by 2025, according to the latest report by Market Research Future (MRFR). It can expand at 3.19% CAGR from 2019 to 2025. MRFR’s report on the silicon wafers market provides a broad outlook on the industry for the forecast period (2020-2027). The COVID-19 pandemic and its effects are explored in depth in the market.
The global silicon wafers market is driven by miniaturization of devices and consumption of consumer electronics products. Inclination of various wafer producers towards being the main supplier of components of major electronic products can bode well for the market. Applications in video monitoring, voice communication, and machine vision can expand market size considerably.
The demand for autonomous vehicles and shift to electric and hybrid vehicles can provide growth avenues to the silicon wafers market. This is evident by favorable policies rolled out by governments in developing and developed countries for charging infrastructure and invitations for foreign direct investments. Rapid urbanization and improved pace of living can foster market growth.
But complexities in the manufacturing process and continuous evolution of chips and demand specifications can pose a challenge to the market.
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The COVID-19 pandemic has had a negative impact on the silicon wafers market owing to shutdown of facilities and restrictions on workers assembling devices in factories or units. But the rollout of vaccines and measures taken by semiconductor companies to assure streamlining of supply chains can drive market growth.
300mm Wafer Size to Currently Dominate Market
The 300mm wafer size is presumed to dominate the global silicon wafers market owing to demand for connected devices, big data, AI, and storage devices. Production of logic and micro component integrated circuits by chip makers such as Toshiba and Samsung can drive segment growth.
Epitaxial Wafers to Register Remarkable Growth
Epitaxial wafers are expected to register remarkable growth owing to low power consumption and high efficiency when integrated in circuits. Use of small devices in automobiles can induce demand for epitaxial wafers. It is used in production of microprocessors, image sensors, and power devices.
APAC to Lead in Global Market Demand
Asia-Pacific (APAC) is set to lead in market demand over the forecast period owing to extensive application of semiconductors in the region. China is one of the biggest producers of semiconductor chips and offers products in various sizes for numerous applications. Presence of well-known foundries and adoption of portable devices can provide numerous opportunities for the silicon wafers market.
LG Siltron (KR), SAS (TW), MCL (CN), Shenhe FTS (CN), GRITEK (CN), Shin Etsu (JP), MEMC (US), JRH (CN), Simgui (CN), SST (CN), Wafer Works (TW), Sumco (JP), Siltronic (DE), Okmetic (FI), and Zhonghuan Huanou (CN) are key players in the global silicon wafers market. Joint ventures, acquisitions, and agreements are likely to be seen during the forecast period.
Applied Materials has developed 2 new tools for improving the production and efficiency of chips for electric vehicles.
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