Silicon Wafers Market Report

Market Highlights

Silicon wafers are the key elements in integrated circuits. They are used in components and systems in different industries including automotive and electronics manufacturing. The rising demand for mobile devices and servers with expanded memory and data storage is creating huge demand for silicon wafers. Other factors that are expected to promote the product growth during the forecast period include the development and introduction of new and more advanced technologies in the automobile sector, such as auto driving assist and anti-braking systems.

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The outbreak of the pandemic shook the automotive and consumer electronics industries to the core. As a result, production activities were halted in both industries. The impact of this has been recorded across their supply chains too including the demand for silicon wafers, which plummeted by a significant rate in the year 2020.

The decline in the end-use industries’ demand for silicon wafers negatively impacted its growth trajectory up to an extent. However, the long-term market outlook still seems propitious with ample growth opportunities across regions. Also, the demand for consumer electronics and connected devices has been increasing significantly in the recent years, given the rising disposable income, improving standards of living, and rapid urbanization. Overall, the Silicon Wafers Market is estimated to grow at a decent CAGR of 5.5% during the forecast period to cross the value of US$ 15.0 Billion by 2027.

Market Segments' Analysis

Based on the diameter type, the market is bifurcated into 100mm to 150mm, 200mm, 300mm, and 450mm and above. Silicon wafers of 300mm are the most widely used type and they are expected to remain the biggest demand generator for silicon wafers in the foreseen future. One of the key factors driving their growth is the global demand for consumer electronics. 300mm diameter wafers are used in highly integrated circuits, whereas wafers of smaller diameters are used for power applications.

Based on the product type, the market is segmented as epitaxial wafers, polished wafers, SOI wafers, and diffused wafers. Among these product types, the epitaxial wafer type commands the market. In the application of highly integrated circuits, epitaxial wafers offer many advantages such as increased efficiency and reduced power consumption.

Based on the application type, the market is segmented as consumer electronics, MEMS, RF electronics, automotive, and photonics. Consumer electronics is expected to be the leading market for silicon wafers during the forecast period. The ever-increasing demand for smaller devices and gadgets and other household electronic devices is expected to drive the growth of the segment during the forecast period.

In terms of regions, Asia-Pacific is expected to remain the largest market for silicon wafers over the forecast period. Furthermore, China, as the world's largest producer and end-user of consumer electronics, is a major demand generator for silicon wafers. North America, on the other hand, is also expected to register a significant CAGR during the forecast period. Expansion across various industries along with the high adoption rate of electric vehicles in the region is one of the major factors supporting the growth of the North American market for silicon wafers.

Key Players

Players are performing strategic mergers & acquisitions to gain an edge in the market. In 2020, ON Semiconductors entered into an agreement with GT Advanced Technologies to acquire CrystX silicon carbide (SiC) material. In the same year, Shin-Etsu Chemical and Qromis entered into an agreement to collaboratively manufacture epitaxial and substrates wafer for RF electronics and LED devices.  The following are some of the key players in the Silicon Wafers Market:

• EpiWorks Inc.
• GlobalWafers Japan Co., Ltd.
• Nichia Corporation
• Showa Denko K.K.
• Siltronic AG
• Desert Silicon LLC
• Electronics and Materials Corporation Ltd.
• Intelligent Epitaxy Technology Inc.
• IQE
• ON Semiconductor

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Silicon Wafers Market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The silicon wafers market is segmented into the following categories:

Silicon Wafers Market, by Diameter Type

• 100mm to 150mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• 200mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• 300mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• 450mm and Above (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Silicon Wafers Market, by Product Type

• Epitaxial Wafers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Polished Wafers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• SOI Wafers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Diffused Wafers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Silicon Wafers Market, by Application Type

• Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• MEMS (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• RF Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Photonics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Silicon Wafers Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com