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The global silicon wafer market grew at a CAGR of around 3% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicon wafer market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, wafer size, type, application and end use.
Breakup by Wafer Size:
Breakup by Type:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
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.
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