Austin, TX, USA, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Silicon Wafer Market Size, Trends and Insights By Wafer Size (Less than 150 mm, 200 mm, 300 mm, 450 mm), By Application (Consumer Electronics, Automotive, Industrial, Telecommunications, Solar Cells), By Node Type (180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and below), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Silicon Wafer Market size & share was valued at approximately USD 18 Billion in 2023 and is expected to reach USD 20 Billion in 2024 and is expected to reach a value of around USD 34 Billion by 2033, at a compound annual growth rate (CAGR) of about 6.3% during the forecast period 2024 to 2033.”
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Silicon Wafer Market: Growth Factors and Dynamics
- Expansion of Renewable Energy: The shift to renewable energy sources, above all solar power, gives rise to the demand for silicon wafers. Photovoltaic cells transform sunlight into electricity also, and they mainly make use of silicon wafers, this means massive progress in the sphere of the solar energy field accompanied by the rising of the silicon wafer market.
- Advancements in Electric Vehicles: This is a shift in the automobile sector towards electric vehicles, and silicon wafers on which semiconductors are based will increase demand. EVs would require advanced chips for management of the battery, control of power, and autonomous features in driving, thus requiring more investments in the silicon wafer production line as well as technology.
- Technological Advancements: Silicon wafers continually improve through the development of larger sizes and advanced manufacturing techniques. Technological advancements lead to performance and efficiency improvement in semiconductor fabrication by cost-cutting and better yields that affect the general market trends.
- Global Supply Chain Disruptions: Mainly during the COVID-19 pandemic, make silicon wafers less available and more costly. Moreover, any shortage in raw materials or delay in transportation may increase the price. That makes a challenge for manufacturers and affects market stability.
- Environmental Regulations: Growing environmental awareness and legislation on waste management and sustainability in the semiconductor industry influence changes in market dynamics. Manufacturers are focusing increasingly on green modes of production and recycling initiatives with regard to compliance with legislations that may bear upon the costs of operations and competition in the market.
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Silicon Wafer Market: Partnership and Acquisitions
- In 2024, TSMC (Taiwan Semiconductor Manufacturing Company), announced plans to invest $10 billion to expand its wafer production facilities in Taiwan. This expansion seeks to improve capacity for advanced semiconductor manufacturing, hence meeting the increased demand for high-performance devices.
- In 2022, The Showa Denko Group launched mass production of 6-inch silicon carbide single-crystal wafers, essential for SiC-based power semiconductors, addressing the growing demand in sectors like electric vehicles.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 20 Billion |
| Projected Market Size in 2033 | USD 34 Billion |
| Market Size in 2023 | USD 18 Billion |
| CAGR Growth Rate | 6.3% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Wafer Size, Application, Node Type and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
(A free sample of the Silicon Wafer report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Silicon Wafer report has been modified to include the COVID-19 impact study prior to delivery.)
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Silicon Wafer Market: COVID-19 Analysis
- Positive Impact: It is also seen that during the COVID-19 period, digital transformation took place at such a high speed that many of its sectors went through an effect of acceleration. Thus, with work-from-home and learning-at-home, there is increased demand for electronic products, such as laptops, tablets, and smartphones, requiring semiconductors that further increase the silicon-wafer demand. There is a significant boost from a pandemic-induced realization regarding well-balanced supply chains; these have prompted investments in the semiconductor manufacturing industry and contributed to the silicon wafer market.
- Negative Impact: The global supply chains were badly hit by the pandemic, resulting in huge delays in production and even higher costs for silicon wafers. Lockdowns and restrictions affected all manufacturing facilities, with a shortage of raw materials and labor.
- Current Market Scenario: As of now, the silicon wafer market is recovering and witnessing a rebound in demand as growth in electronics and renewable energy continues unabated. Challenges in supply chains continue to improve, though are not yet resolved. Production capacity expansions are being seen in manufacturers who are using newer technologies for better productivity. Overall, the vision for the market is on a positive trend; and in fact, it increases more as the industries keep aligning towards the new world that is emerging post-COVID, and semiconductor demand will increase, accordingly.
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Key questions answered in this report:
- What is the size of the Silicon Wafer market and what is its expected growth rate?
- What are the primary driving factors that push the Silicon Wafer market forward?
- What are the Silicon Wafer Industry's top companies?
- What are the different categories that the Silicon Wafer Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Silicon Wafer market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Silicon Wafer Market – Regional Analysis
The Silicon Wafer Market is segmented into various regions: North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: The North American silicon wafer market is significant for the reason of its wide presence in technology and semiconductor manufacturing. The United States takes the lead as the leader of innovation in the world; most of the major companies are the top research and development leaders of semiconductors. These companies are heavily investing in advanced wafer technologies including the development of smaller nodes and better manufacturing processes. Further support to the market in Silicon-based technologies comes from the perfect ecosystem that has been observed in North America between industries and academia. Moreover, such regions have developed expertise with the increase in capacity. The skilled workforce associated with government support helps gain prominence over the rest. Subsequently, North America dominates in the evolution of a future silicon wafer industry.
- Europe: In Europe, the silicon wafer market is dominated by several leading semiconductor manufacturing companies focusing on innovation and technological development. This region is known for sustainability, which is ideally in sync with the energy-efficient solutions now in demand in the automotive, telecommunications, and renewable energy sectors. The advanced manufacturing processes and sustainable practices reducing environmental impact sharpen the competitive edges for European companies. The European Union further prolongs the growth of semiconductor manufacturing, which positively impacts further investment into research and development activities. As each country in Europe seeks to gain more independence through technology, all that this increase in the number of silicon wafers contributes is further to increase the overall market size in Europe.
- Asia Pacific: The Asia Pacific region is the largest market for silicon wafers and holds a strong influence due to the major manufacturing hubs of China, South Korea, and Taiwan. The growth in the electronics industry, along with the increasing production of consumer electronics, smartphones, and automotive applications, is driving this growth. Investments in semiconductor technology are going up due to the attempts of the countries to raise their domestic capabilities and reduce their dependence on foreign sources. Furthermore, the penetration of advanced technologies such as 5G networks and artificial intelligence increases the demand for high-performance silicon wafers. In a dynamic market environment marked by intense competition and innovation, Asia Pacific is a leader in the global silicon wafer market.
- LMEA (Latin America, Middle East, and Africa): The silicon wafer market in the LMEA region is slowly increasing its penetration driven by the increased demand from the electronics and automotive sectors. Latin America, Middle East, and African nations are investing heavily in semiconductor manufacturing as well as renewable energy solutions, which provides further prospects for the silicon wafer. Such growth and development can be extremely beneficial for a government by developing local semiconductor industries of strategic importance. In addition, burgeoning consumer markets in the respective region stimulate demand for electronic devices, hence causing higher demand for silicon wafers. Further development of the infrastructural and technological capability will see explosive growth of the silicon wafer market in the LMEA region, reflecting the overall dynamics of the global industry.
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Browse the full “Silicon Wafer Market Size, Trends and Insights By Wafer Size (Less than 150 mm, 200 mm, 300 mm, 450 mm), By Application (Consumer Electronics, Automotive, Industrial, Telecommunications, Solar Cells), By Node Type (180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and below), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/silicon-wafer-market/
List of the prominent players in the Silicon Wafer Market:
- Shin-Etsu Handotai
- Siltronic AG
- SUMCO Corporation
- SK Siltron Co. Ltd
- GlobalWafers Co. Ltd
- GRINM Semiconductor Materials Co. Ltd
- Okmetic
- Wafer Works Corp.
- Addison Engineering Inc.
- Silicon Materials Inc.
- MEMC Electronic Materials
- LG Siltron
- TZS (Suzhou) Semiconductor Co.
- RTP Company
- Wuxi Xinte Silicon Industry Co.
- Others
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The Silicon Wafer Market is segmented as follows:
By Wafer Size
- Less than 150 mm
- 200 mm
- 300 mm
- 450 mm
By Application
- Consumer Electronics
- Automotive
- Industrial
- Telecommunications
- Solar Cells
By Node Type
- 180 nm
- 130 nm
- 90 nm
- 65 nm
- 45 nm
- 22 nm
- 14 nm
- 7 nm
- 5 nm and below
Click Here to Get a Free Sample Report of the Global Silicon Wafer Market @ https://www.custommarketinsights.com/report/silicon-wafer-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Silicon Wafer Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Silicon Wafer Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Silicon Wafer Market? What Was the Capacity, Production Value, Cost and PROFIT of the Silicon Wafer Market?
- What Is the Current Market Status of the Silicon Wafer Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Silicon Wafer Market by Considering Applications and Types?
- What Are Projections of the Global Silicon Wafer Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Silicon Wafer Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Silicon Wafer Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Silicon Wafer Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Silicon Wafer Industry?
Click Here to Access a Free Sample Report of the Global Silicon Wafer Market @ https://www.custommarketinsights.com/report/silicon-wafer-market/
Reasons to Purchase Silicon Wafer Market Report
- Silicon Wafer Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Silicon Wafer Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Silicon Wafer Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Silicon Wafer Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Silicon Wafer market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Silicon Wafer market analysis.
- The competitive environment of current and potential participants in the Silicon Wafer market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Silicon Wafer market should find this report useful. The research will be useful to all market participants in the Silicon Wafer industry.
- Managers in the Silicon Wafer sector are interested in publishing up-to-date and projected data about the worldwide Silicon Wafer market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Silicon Wafer products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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