Silicon Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Silicon Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3095
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Market Overview:

The global silicon wafer market size reached US$ 11.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Silicon (Si) wafer refers to a semiconductor material primarily installed with electronic integrated circuits (ICs) and microelectronic circuits. It is widely used in smartphones, tablets, smart wearables, microchips, solar cells, military weapons, gaming devices, rectifiers, etc. In these devices, silicon wafers offer a wide range of current and voltage handling capacity along with high durability, reliability, and heat resistance. As a result, silicon wafers are extensively adopted across diverse industries, such as consumer electronics, telecommunication, energy generation, defense, automotive, etc.

 

 
 

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The expanding consumer electronics sector along with the increasing prevalence of device miniaturization trends is augmenting the market for silicon wafers. Several electronics manufacturers are getting inclined towards silicon wafers for producing compact integrated circuits in smartphones, laptops, smartwatches, tablets, etc. Apart from this, the rising environmental concerns towards high carbon emissions from fuel-based power plants are driving the demand for renewable energy sources. The growing number of solar power plants is catalyzing the use of silicon wafers in photovoltaic cells. In line with this, the rising awareness towards high band efficiency, stable operations, and non-toxicity of silicon wafers is propelling the adoption of silicon solar panels. Additionally, significant growth in the automotive industry has led to the emergence of connected and hybrid vehicles. The increasing utilization of silicon wafers in Advanced Driver-Assistance Systems (ADAS), touch-free human-machine interfaces, adaptive cruise control, and automatic braking systems in automobiles, is further driving the market growth. In the coming years, the growing penetration of Industry 4.0 technologies, including IoT, AI, machine learning, etc., will continue to drive the global market for silicon wafers.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global silicon wafer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on wafer size, type, application and end use.

Breakup by Wafer Size:

 

 
 

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  • 0 - 100 mm
  • 100 - 200 mm
  • 200 - 300 mm
  • More than 300 mm
     

Breakup by Type:

  • N-type
  • P-type
     

Breakup by Application:

  • Solar Cells
  • Integrated Circuits
  • Photoelectric Cells
  • Others
     

Breakup by End Use:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Telecommunications
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being GlobalWafers Singapore Pte. Ltd, Okmetic Oy, Shanghai Simgui Technology Co. Ltd., Shin-Etsu Chemical Co., Ltd, Silicon Materials Inc, Siltronic AG, SK Siltron Co., Ltd., Sumco Corporation, Tokuyama Corporation., Virginia Semiconductor, Inc. and Wafer Works Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Wafer Size, Type, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered GlobalWafers Singapore Pte. Ltd, Okmetic Oy, Shanghai Simgui Technology Co. Ltd., Shin-Etsu Chemical Co., Ltd, Silicon Materials Inc, Siltronic AG, SK Siltron Co., Ltd., Sumco Corporation, Tokuyama Corporation., Virginia Semiconductor, Inc. and Wafer Works Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Silicon Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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