According to our latest study on "Semiconductor Silicon Wafer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Type, Application, and Node Type," the Semiconductor Silicon Wafer market size was valued at US$ 12.51 billion in 2023 and is expected to reach US$ 18.09 billion by 2031; it is estimated to record a CAGR of 4.7% from 2023 to 2031.
The Semiconductor Silicon Wafer market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2023, followed by North America and Europe respectively. The Europe Semiconductor Silicon Wafer market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the Semiconductor Silicon Wafer market share. Germany is recognized worldwide for its outstanding automotive industry and excellence in engineering. The country's world-class R&D infrastructure, extensive industrial value chain integration, and highly qualified personnel have created an internationally unparalleled automotive environment. It facilitates businesses in developing innovative technologies that meet mobility requirements. According to the German Association of the Automotive Industry, Germany is the largest producer of electric vehicles in Europe and ranks second after China worldwide. Of the 4.1 million cars produced in Germany in 2023, 1.27 million had an electric engine (battery electric and plug-in hybrid cars)-with 955,000 being completely electric. Silicon wafers enable the creation of highly efficient power devices. Thus, growing EV production across the country drives the market.
The EU plans to reduce reliance on a few suppliers in East Asia for de-risking supply chains and encourage design, testing, and production in Europe. In 2022, Intel vowed to invest ~US $85.8 billion in the semiconductor value chain of the EU, with plans to invest an additional US$ 18.2 billion in cutting-edge semiconductor manufacturing in Germany. Such investment in semiconductor manufacturing fuels the growth of the market.
Key Findings of Semiconductor Silicon Wafer Market Study:
The semiconductor silicon wafer market is segmented on the basis of type, application, and node type. Based on type, the market is categorized into upto 150 mm, diameter 200 mm, and diameter 300 mm and above. In terms of application, the market is segmented into consumer electronics, industrial, telecommunications, automotive, and others. Based on node type, the market is categorized into 180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and below, and others. By geography, the Semiconductor Silicon Wafer market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
By application, the market is divided into consumer electronics, industrial, telecommunications, automotive, and others. The consumer electronics segment held the largest semiconductor silicon wafer market share in 2023. Silicon wafers are semiconductors used to make microchips and other electronic components. Owing to the characteristics of the electrical current passing through silicon wafers, these semiconductors are used to construct integrated circuits. Integrated circuits are used as commands in a wide range of electronic devices to execute specialized functions. Silicon wafers are used in high-tech equipment such as transistors, circuit boards, and computer processors. These semiconductors are used to power computers and washing machines, refrigerators, televisions, LED lights, and other household goods. Thus, the growing use of silicon wafers in electronic devices is expected to boost the growth of the semiconductor silicon wafer market during the forecast period.
Okmetic, Wafer Works Corp, SUMCO CORPORATION, NANOCHEMAZONE, Alfa Chemistry, LONGi Green Energy Technology Co Ltd, Wafer World Inc., WaferPro, PI-KEM Limited, Nano Quarz Wafer GmbH, Sino-American Silicon Products Inc., Nanografi Nano Technology, Fujimi Incorporated, Hangzhou Semiconductor Wafer Co.,Ltd., Ferrotec Holdings Corporation, Silicon Materials, Inc., Shin-Etsu Chemical Co Ltd, SK Siltron Co., Ltd., Siltronic AG, and GlobalWafers Co., Ltd are among the key players profiled in the Semiconductor Silicon Wafer market report. Several other major players were studied and analyzed during the Semiconductor Silicon Wafer market analysis to get a holistic view of the market and its ecosystem. The Semiconductor Silicon Wafer market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current Semiconductor Silicon Wafer market trends and their foreseeable impact during the forecast period.
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