Silicon Wafers Market Analysis | 2023-2028

Silicon Wafers Market Analysis | 2023-2028

Silicon Wafers Market Analysis | 2023-2028
Report code - SR1742 Published On : Jan,2024 No. of Pages: 120
Silicon Wafers Market Size, Share, Trend, Forecast Analysis & Growth Opportunity: 2023 See more...

“The Silicon Wafers Market was estimated at US$ 18.6 billion in 2022 and is expected to grow at a CAGR of 9.2% during 2023-2028 to reach US$ 26 billion by 2028.”

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Market Dynamics

Introduction

Silicon wafers serve as the foundational substrate in the semiconductor industry. They are used to produce integrated circuits, transistors, power semiconductors, and electromechanical and acoustic microsystems. These semiconductors are integral to applications, such as electric vehicles and 5G networks, where optimizing energy efficiency stands as a paramount priority.

Market Drivers

The advancements in semiconductor technology and continuous innovations in silicon wafer development are mainly driven by the evolving demand for a wide array of advanced electronic products, such as smartphones, tablets, and laptops.

In this landscape, consumers pursue increasingly powerful, energy-efficient, compact, aesthetically refined, and feature-enriched devices, with heightened expectations for enhanced computing performance, superior graphic capabilities, and advanced connectivity features. The integral role of advanced silicon wafers lies in their ability to facilitate the integration of more transistors and components, thereby enabling the realization of these sought-after functionalities.

The continued expansion of the semiconductor industry is driven by several pivotal factors, such as the rising demand for memory and logic devices to cope with the substantial influx of data in the era of the Internet of Things (IoT) and big data.

Additionally, the increasing need for a diverse range of sensors for enhancing safety in automotive assistance and enabling autonomous driving; and the need for power management devices for improving energy efficiency, are boosting the demand for advanced silicon wafers.

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Size Type Analysis

Less than 150 mm, 200 mm, and More Than 300 mm

More than 300 mm are expected to be the dominant segment over the next five years

Application Type Analysis

DAO (Discrete, Analog, and Optoelectronics & Sensors), Logic, and Memory

Logic devices are projected to remain the largest segment

End-Use Type Analysis

Communication, Computer, Consumer Electronics, Industrial, Automotive, and Government

Computer is expected to remain the largest segment during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and The Rest of the World

Asia-Pacific is expected to remain the largest as well as the fastest-growing market over the next five years.

By Size Type

“More than 300 mm are expected to be the dominant segment as it held a market share of more than 45% in 2022.

The silicon wafers market is segmented into less than 150 mm, 200 mm, and more than 300 mm. Among them, more than 300 mm are expected to remain the largest as well as the fastest-growing segment during the forecast period, primarily attributed to the augmented surface area afforded by larger wafers, facilitating the fabrication of a greater number of individual chips on a single 300 mm wafer when compared to smaller counterparts.

These 300 mm silicon wafers play a pivotal role in the manufacture of microelectronic components, encompassing transistors and integrated circuits (ICs).

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By Applications Type

“Logic devices are predicted to remain the largest application as they hold a market share of more than 40% in 2022.”

The market is segmented into DAO (Discrete, Analog, and Optoelectronics & Sensors), logic, and memory. Logic devices are predicted to remain the largest application in the market over the next five years. This is largely attributed to the persistent demand for higher-performance and energy-efficient logic chips, driven by the increasing ubiquity of consumer electronics like smartphones, tablets, and laptops.

Additionally, the deployment of 5G technology is expected to reinforce this demand, compelling the development of more powerful and efficient logic chips, and further elevating the need for advanced silicon wafers.

By End-Use Type

Computer segment is expected to remain the largest end-user segment as it held a market share of more than 30% in 2022.”  

The silicon wafers market is segmented into communication, computer, consumer electronics, industrial, automotive, and government. Among them, the computer segment is expected to remain the largest end-use of the market, whereas the communication segment is likely to grow at the fastest pace during the forecast period.

As laptops continue to shrink in size, there is a growing demand for increased functionality from a single device, necessitating integrated circuit (IC) chips with a greater number of transistors to accommodate additional features. This is fueling the demand for high-performance Integrated Circuits (ICs) in the market.

Regional Analysis

“Asia-Pacific is expected to remain the largest and fastest-growing market as it held a market share of more than 80% in 2022.”

In terms of regions, Asia-Pacific is expected to remain the largest as well as the fastest-growing market for silicon wafers during the forecast period, mainly driven by Taiwan, South Korea, China, and Japan. Taiwan is the largest semiconductor material-consuming country in the world. Furthermore, Asia-Pacific is at the forefront of technological advancements, including 5G technology, artificial intelligence (AI), and IoT applications. These advancements rely on advanced semiconductor materials and integrated circuits; thus, driving the demand for silicon wafers. 

North America and Europe, sizeable markets, are also likely to create healthy growth opportunities in the coming five years, driven by increasing investments in R&D activities.

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Key Players

The market is highly populated, with the presence of several regional and global players. Many players expand their product portfolios to include a wide range of silicon wafers, catering to diverse customer needs. This diversification involves offering silicon wafers for different applications and industries.  Most of the major players are providing other semiconductor materials as well.

The following are the key players in the silicon wafers market (arranged alphabetically).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Silicon Wafers Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

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. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

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 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

Recent Market News

  • In March 2023, Okmetic introduced a Terrace Free SOI capability for its 200 mm Bonded Silicon-On-Insulator (BSOI) and E-SOI® wafers.

  • In Sep 2022, SK Siltron announced to invest 1.05 trillion KRW over the next three years to enhance its 300 mm wafer production facilities located in the National Industrial Complex, Gumi, South Korea. Starting in Q4 2022, the expansion project aims to commence mass production by the first half of 2024.

Some of the most Recent Market JVs and Acquisitions: 

Over the past few years, there have been a fair number of strategic alliances, including M&As, JVs, etc., across the globe. Among them, the recent one is, in June 2022, Diodes Incorporated announced the acquisition of Onsemi’s wafer fabrication facility and operations located in South Portland, Maine, the USA (“SPFAB”).

Frequently Asked Questions (FAQs)

Silicon wafers serve as the foundational substrate in the semiconductor industry. They are used to produce integrated circuits, transistors, power semiconductors, and electromechanical and acoustic microsystems. These semiconductors are integral to applications, such as electric vehicles and 5G networks, where optimizing energy efficiency stands as a paramount priority.

The silicon wafers market is estimated to grow at a CAGR of 9.2% by 2028, driven by increasing demand for advanced integrated circuits.

Shin-Etsu Chemical Co., Ltd, Siltronic AG, Entegris, Inc., SUMCO Corporation, GlobalWafers Co., Ltd., SK Siltron Co., Ltd., Okmetic Oy, Alfa Chemistry, PV Crystalox Solar Plc, and Wafer World Inc. are the leading players in the silicon wafer market.

Asia-Pacific is estimated to remain dominant in the silicon wafer market during the forecast period, due to increasing 5G connectivity in the region. The region has the presence of several leading silicon wafer-consuming nations, such as Taiwan, China, South Korea, and Japan.

Asia-Pacific is likely to be the fastest-growing market for silicon wafers in the foreseeable future due to the continuous expansion of the electronics industry in the region.

More than 300 mm wafer size is estimated to remain dominant in the silicon wafer market in the coming years, driven by the need for cost-effective production due to its large size, scalability, and the ability to integrate more features and functions into semiconductor devices.