Pune, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Semiconductor Silicon Wafer Market, as indicated by the SNS Insider report, achieved a valuation of USD 12.2 billion in 2022 and is projected to reach USD 16.83 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.11% during the forecast period from 2023 to 2030.
Market Overview
A semiconductor silicon wafer is a thin, slice-like substrate predominantly crafted from crystalline silicon. Its intrinsic properties make it a preferred choice for the fabrication of integrated circuits and other semiconductor devices. These wafers serve as the canvas upon which intricate electronic circuits are etched, enabling the creation of microchips that power electronic devices ranging from smartphones to advance computing systems.
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Market Analysis
The proliferation of smartphones, tablets, smartwatches, and other consumer electronics fuels the demand for semiconductor silicon wafers. As consumers embrace increasingly sophisticated devices, the semiconductor industry experiences a parallel surge in the need for high-quality wafers to support the production of advanced microchips. The automotive industry's shift towards electric vehicles and the integration of advanced driver-assistance systems (ADAS) relies heavily on semiconductor technology. Silicon wafers are integral to the manufacturing of the high-performance chips needed for these applications, contributing significantly to the growth of the semiconductor silicon wafer market. The Internet of Things (IoT) has emerged as a transformative force, connecting devices and systems to enhance efficiency and convenience. Semiconductor silicon wafers play a crucial role in the production of IoT devices, driving market growth as industries and consumers alike adopt smart technologies. The global rollout of 5G technology demands semiconductor components with enhanced capabilities. Silicon wafers, being a fundamental element in the fabrication of high-frequency and high-performance chips, experience heightened demand as the telecommunications industry transitions to 5G networks.
Semiconductor Silicon Wafer Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | USD 12.2 billion |
| Market Size by 2030 | USD 16.83 billion |
| CAGR | CAGR of 4.11% by 2023-2030 |
| Market Opportunity |
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| Market Segments |
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| Major Market Players | Sumco, Shin Etsu, Siltronic, MEMC, Zhonghuan Huanou, LG Siltron, SAS, Okmetic, MCL Microchips, Shenhe FTS, JRH and other key players. |
Key Takeaway from Semiconductor Silicon Wafer Market Study
- The market is experiencing a significant surge in demand, with the consumer electronics segment emerging as a dominant force. The relentless pace of technological advancements in smartphones, tablets, and other portable devices has fueled the need for high-performance semiconductor components. Silicon wafers, as a critical substrate in the manufacturing of integrated circuits, are at the forefront of this surge.
- In parallel to the thriving consumer electronics segment, the solar cells sector has emerged as a powerhouse in the semiconductor silicon wafer market. The global push towards renewable energy sources has amplified the demand for solar panels, driving the need for high-quality silicon wafers as a fundamental component in solar cell manufacturing.
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Recent Developments
- Mitsubishi Electric has recently announced the successful completion of the installation of a cutting-edge 12-inch wafer processing line at its Fukuyama Factory Power Device Works. The newly installed wafer processing line represents a substantial upgrade in manufacturing capabilities for Mitsubishi Electric. The 12-inch wafers, known for their larger surface area, enable more efficient production processes and increased yields.
- In a strategic business move, Nexperia, a leading semiconductor manufacturer, has recently finalized the sale of Newport Wafer Fab to a prominent US chip company for a substantial $177 million. This transaction underscores Nexperia's strategic realignment of its assets and resources, positioning the company for future growth and innovation.
Market Dynamics Analysis
The semiconductor silicon wafer market is undergoing dynamic shifts driven by a confluence of factors. Among the primary drivers propelling the market forward is the escalating demand for advanced electronic devices, including smartphones, IoT devices, and automotive applications. The increasing adoption of 5G technology further intensifies the need for efficient semiconductor components, amplifying the demand for silicon wafers. Additionally, the burgeoning trend of artificial intelligence (AI) and machine learning (ML) applications is fostering the demand for high-performance semiconductors, thereby bolstering the silicon wafer market. On the flip side, the industry faces certain restraints and challenges. The intricacies involved in the manufacturing process of silicon wafers contribute to the challenge of achieving cost-effective production, impacting profit margins for manufacturers. Moreover, geopolitical tensions and uncertainties in the global supply chain pose threats to the stable supply of raw materials, potentially disrupting the market. In the wake of these challenges, industry players are investing in research and development to innovate manufacturing processes, enhance efficiency, and mitigate the impact of geopolitical uncertainties, ensuring the sustained growth of the market in the foreseeable future.
Key Regional Developments
The Asia-Pacific region stands out as the powerhouse driving the semiconductor silicon wafer market. With major semiconductor manufacturing hubs located in countries such as China, Japan, South Korea, and Taiwan, the region has become the epicenter of silicon wafer production. North America remains a key player in the smarket, known for its technological advancements and innovation. The presence of leading semiconductor manufacturers and research institutions fosters continuous development in wafer technology. Europe, while not as dominant in wafer production volume, specializes in niche markets and high-end applications. The region's semiconductor industry focuses on producing advanced silicon wafers for specialized sectors like aerospace, healthcare, and automotive.
Impact of Recession
The ongoing recession undeniably presents challenges for the semiconductor silicon wafer market. The recession has exacerbated existing challenges within the semiconductor supply chain. This section will explore how disruptions in the supply chain, from raw materials to manufacturing processes, have impacted silicon wafer production. In response to economic downturns, there is a heightened emphasis on cost-effective solutions. This can drive demand for more affordable semiconductor silicon wafer options, potentially benefitting manufacturers capable of offering competitive pricing without compromising quality.
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TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Semiconductor Silicon Wafer Market Segmentation, By Size
8.1 0-100 mm
8.2 100-200 mm
8.3 200- 300 mm
8.4 More than 300 mm
9. Semiconductor Silicon Wafer Market Segmentation, By Type
9.1 N-type
9.2 P-type
10. Semiconductor Silicon Wafer Market Segmentation, By Application
10.1 Solar Cells
10.2 Photoelectric Cells
10.3 Integrated Circuits
10.4 Others
11. Semiconductor Silicon Wafer Market Segmentation, By End User
11.1 Consumer Electronics
11.2 Automotive
11.3 Industrial
11.4 Telecommunications
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.5 USA
12.2.6 Canada
12.2.7 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.5 Poland
12.3.1.6 Romania
12.3.1.7 Turkey
12.3.1.8 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.4 Germany
12.3.2.5 France
12.3.2.6 UK
12.3.2.7 Italy
12.3.2.8 Spain
12.3.2.9 Netherlands
12.3.2.10 Switzerland
12.3.2.11 Austria
12.3.2.12 Rest of Western Europe
12.4 Asia-Pacific
12.4.5 China
12.4.6 India
12.4.7 Japan
12.4.8 South Korea
12.4.9 Vietnam
12.4.10 Singapore
12.4.11 Australia
12.4.12 Rest of Asia-Pacific
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.5 UAE
12.5.1.6 Egypt
12.5.1.7 Saudi Arabia
12.5.1.8 Qatar
12.5.1.9 Rest of Middle East
12.5.2 Africa
12.5.2.5 Nigeria
12.5.2.6 South Africa
12.5.2.7 Rest of Africa
12.6 Latin America
12.6.5 Brazil
12.6.6 Argentina
12.6.7 Colombia
12.6.8 Rest of Latin America
13 Company Profile
13.1 Shin Etsu
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Sumco
13.3 Siltronic
13.4 Zhonghuan Huanou
13.5 MEMC
13.6 LG Siltron
13.7 SAS
13.8 Okmetic
13.9 Shenhe FTS
13.10 JRH
13.11 MCL Microchips
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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