Semiconductor Silicon Wafer Market to Surpass USD 16.83 Billion by 2030 due to Rising Demand for Consumer Electronics and 5G Technology Deployment | Research by SNS Insider

Based on SNS Insider’s research, the semiconductor silicon wafer market thrives on the symbiotic relationship between technological advancements and the ever-growing demand for sophisticated electronic devices

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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 AttributesDetails
Market Size in 2022USD 12.2 billion
Market Size by 2030USD 16.83 billion
CAGRCAGR of 4.11% by 2023-2030
Market Opportunity
  • Advanced Semiconductor Nodes
  • The Edge Computing and the Internet of Things (loT)
Market Segments
  • By Size (0-100 mm, 100-200 mm, 200- 300 mm, more than 300 mm)
  • By Type (N-type, P-type)
  • By Application (Solar Cells, Photoelectric Cells, Integrated Circuits, Others)
  • By End User (Consumer Electronics, Automotive, Industrial, Telecommunications, Others)
Major Market PlayersSumco, 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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