Silicon Wafer Market to Reach $25.9 billion, Globally, by 2032 at 5.42% CAGR: Allied Market Research
The silicon wafer market is driven by factors such as rise in the demand for consumer electronics and semiconductors for the automotive industry.
WILMINGTON, Del. , Feb. 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Silicon Wafer Market by Wafer Size (1 to 100mm, 100mm to 300mm, and above 300mm), Type (P type, N type), and End User (Consumer Electronics, Automotive, Industrial, Telecommunication and Others). According to the report, the global silicon wafer market was valued at $15.3 billion in 2022 and is estimated to reach $25.9 billion by 2032, exhibiting a CAGR of 5.42% from 2023 to 2032.
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Prime determinants of growth
The silicon wafer market is expected to witness notable growth owing to a rise in the demand for consumer electronics, and the demand for semiconductors in the automotive sector. Moreover, the rollout of 5G technology is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high production costs and fluctuations in the price of raw materials limit the growth of the silicon wafer market.
Report coverage & details:
The 100mm to 300mm segment to maintain its leadership status throughout the forecast period
Based on wafer size, the 100mm to 300mm segment held the highest market share in 2022, accounting for more than two-fifths of the global silicon wafer market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to technological advancements, cost efficiency, and manufacturing capabilities playing crucial roles. The 100mm to 300mm wafer size segment of the silicon wafer market encompasses the more chips production per wafer, the cost per chip decreases. This is particularly important in the semiconductor industry, where production costs can significantly impact the overall cost of electronic devices.
The N type segment to maintain its leadership status throughout the forecast period
Based on type, the N type segment held the highest market share in 2022, accounting for more than half of the global silicon wafer market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the P type segment is projected to manifest the highest CAGR of 6.02% from 2023 to 2032, owing to use of P type in Internet of Things (IoT) devices, sensors, and wearable electronics. These technologies contribute to the growing demand for p-type silicon in various electronic components.
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Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global silicon wafer market revenue owing to growth in the semiconductor industry and the construction of manufacturing facilities in the area. The Asia-Pacific semiconductor silicon wafer market is anticipated to have strong growth.
Key Industry Development –
Leading Market Players: -
The report provides a detailed analysis of these key players of the global silicon wafer market. These players have adopted different strategies such as expansion, acquisition, partnership, investment, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
Silicon Wafer Market Key Segments:
By Wafer Size:
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