Silicon Wafers Market Overview:
In 2017, the International Trade Center (ITC) had measured that the global value of the semiconductor industry was $2.48 billion.[1] According to the Semiconductor Industry Association (SIA), global semiconductor sales had registered an upsurge on 12.7% year-to-year in October 2018, and the organization had projected 2.6% growth in 2018.[2] Silicon wafers are used in the manufacturing process of a gamut of semiconductor components, and the estimated escalation in the revenues generated in the semiconductor industry is having a positive influence on the silicon wafers market that offered opportunities worth $402.27 million as of 2018. Furthermore, the demand for silicon wafers is projected to observe a healthy compound annual growth rate (CAGR) of 8.50% during the forecast period of 2019 to 2025
The automotive and consumer electronics sector is on the rise in APAC. This is largely attributed to economic growth in APAC countries that include China, India, Japan, Indonesia, and the Philippines, which is leading to a surge in demand for consumer electronic products such as mobile, television, digital cameras, and others. Furthermore, the soaring sales of automotive vehicles are evident in the fact that residents in the region are now able to afford motor cars and other vehicles which is creating a need for semiconductors. The demand for semiconductors in the region is leading to an augmented increase in revenues generated in the silicon wafers market. APAC had the maximum silicon wafers market share of 32.36% in 2018.
Silicon Wafers Market Outlook:
A silicon wafer is a semiconductor wafer which is used for the fabrication of integrated circuits and wafer-based solar cells. A unit wafer fabrication step such as etch step can produce more wafer chips to increase the area of overall silicon wafer. Owing to the indispensable application in semiconductors, the customer-base for the vendors in the silicon wafers market is found to be in consumer electronics, telecommunications, automotive, and healthcare industries.
Owing to the rapidly increasing number of mobile devices that has been well-documented by the Global System for Mobile Communication (GSMA. According to the organization, the total number of unique mobile subscribers in 2018 were gauged to be 5.1 billion, and the number is estimated to escalate at a moderate CAGR of 1.9% through to 2025.[3] This will have a direct impact on the consumer electronics application segment of the silicon wafers market, which is project to observe a superlative CAGR of 11.34% over the forecast period of 2019 to 2025.
Silicon Wafers Market Growth Drivers:
· The Growth Prospects in the Automotive Industry –
The International Organization of Motor Vehicle Manufacturers (OICA) has measured the total number of vehicles that were produced in 2018, and the figure translates to a striking 91.54 million.[4] The future foresees an increase production rate in the automotive industry in which the contribution from the autonomous vehicles, electric vehicles, and self-driving trucks will play a vital role. Resultantly, this augmentation in the production of vehicles will create a myriad of opportunities for the vendors in the silicon wafers market.
· The Increased Implementation of GPS Tracking System –
GPS tracking device market is booming as the system has penetrated into almost every industry. These devices create a major silicon wafers marketplace because semiconductors are an integral part of GPS systems. Furthermore, there is a continuous R&D in progress and the future innovations in the GPC tracking industry will further propel the silicon wafers market.
· The Application Segment in the Healthcare Sector Supporting the Market –
The augmented application of semiconductors in the healthcare sector can be fathomed by the growth prospects in the healthcare equipment market. Silicon wafers find application in the semiconductors that are incorporated in the healthcare equipment. The future is poised to observe surging sales of healthcare equipment which will further flourish the silicon wafers market.
Silicon Wafers Market Trends –
· The Developments in Internet of Things – The advances in the IoT will be creating a broad spectrum for semiconductors because they will be used in the devices that will be connected with each other through a mobile application. This will create a potential and sustainable silicon wafers marketplace.
· Latest Development – In November 2017, Soitec which holds a significant market share in the silicon wafers market developed the latest generation of silicon-on-insulator (SOI) which will find applications in virtual reality (VR), augmented reality (AR), and 3D cameras.
Silicon Wafers Market Challenges –
The major challenge faced by the vendors in the silicon wafers market is the high initial investment with a questionable lack of returns. Furthermore, there are problems pertaining to handling and processing as they are thin and require external mechanical support, and more so when it comes to handling 450mm silicon wafers for semiconductor manufacturing. Thus, it becomes imperative to use specially designed chucks, rigid career wafers, and dicing tape which further shoots up the budget. On top of that, the final packaging is cumbersome. However, the market size for the silicon wafers is poised to observe an expansion which is the main reason vendors are ready to make investments in manufacturing. The future foresees more vendors venturing into the market because of the enhanced demand due to the technological advancements in AR, VR, IoT, and AI.
Silicon Wafers Market Key Players Perspective –
The major players striving to capitalize on the demand influx in the silicon wafers market are Elkem AS, Addison Engineering, Renewable Energy Corporation, Shin-Etsu Handotai Co. Ltd, Siltronic AG, MEMC Electronic Materials Inc, LG Siltron Inc, Advance Semiconductor Inc., and SUMCO Corp.
Silicon Wafers Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the silicon wafers market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The silicon wafers market research report also analyses the application of silicon wafers in the consumer electronics, telecommunications, automotive, and healthcare industry.
Silicon Wafers Market Report: Industry Coverage
This report also documents the product demand on the basis of wafer size that include 150, 200, 300mm and doping material including N-Type & P-Type. The market is further segmented into epitaxial, diffused, and SOI.
The silicon wafers market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Silicon Wafers Market Report
Is the market demand for silicon wafers growing? How long will it continue to grow and at what rate?
Which type of home security system presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the silicon wafers market?
A Few Focus Points Of This Research Are Given Below:
Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
Provide an overview of the product portfolio, including product planning, development, and positioning
Discuss the role of technology companies in partnerships
Explore the regional sales activities
Analyze the market size and giving the forecast for current and future global silicon wafers market during the forecast 2019–2025
Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures
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