Semiconductor Silicon Wafer Market Overview:
Recent years have seen an increase in the demand for high performance devices with reliable and highly portable computing platforms and connectivity through wireless networks such as Wi-Fi, 3G, 4G and Bluetooth. This has increased the need for wireless computing devices, such as tablets, smartphones, portable devices and sensors that require a high level of integration. Therefore, this leads to the need to develop a series of new designs to support multiple applications on a single platform. In addition, the demand for small devices has also increased the need for additional functions from a single device. Advances in wireless computing devices, such as smartphones and tablets, which increase the need for design improvements by semiconductor designers, generating greater demand for silicon wafers for semiconductors. The revenue of semiconductor silicon wafer globally was estimated at USD 8.5 billion in 2017 and is expected to reach USD 12.82 billion by 2023, witnessing a projected CAGR of 6 % over 2018 -2023.
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Semiconductor Silicon Wafer Market Drivers and Restraints:
The growing adoption of automation is one of the latest trends in the growth of the semiconductor silicon wafer market in the coming years. The increase in electrification and automotive automation is increasing the need for silicon wafers. Automotive manufacturers use various types of semiconductor ICs in applications such as airbag control, anti-lock braking system, GPS, power doors and windows, car navigation and display, and automated driving. With the growth of the global automotive industry, the demand for automotive products will also increase in the coming years. This will create a demand for semiconductor devices, which will feed the need for silicon wafers. In addition, the growing popularity of hybrid and electric cars will also boost the growth of the global market.
Semiconductor Silicon Wafer Market Geographical segmentation:
Geographically, the global semiconductor silicon wafer market is divided into regions of North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. The APAC region is expected to be followed by Europe and North America in the coming years. In addition, the semiconductor silicon wafer market in Latin America is expected to experience strong growth during the forecast period.
Key Players in this Semiconductor Silicon Wafer Market are:
Siltronic AG, Sumco Corporation, Shin-Etsu Handotai Co. Ltd., SK Siltron Co. Ltd, Soitec S.A., Okmetic Inc., Wafer Works Corporation, Globalwafers Co. Ltd and Episil-Precision, Inc., among others.
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