Semiconductor Silicon Wafer Market Size and Growth Rate:
According to the Research Report,
the Global Semiconductor Silicon Wafer Market Size valued at USD 8.5 billion in
2017 and is expected to reach USD 12.82 billion by 2023, witnessing a projected
CAGR of 6 % over 2018 -2023.
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Silicon Wafer Market @ https://www.researchcosmos.com/reports/global-semiconductor-silicon-wafer-market-research-and-forecast-report-2018-2023/68893468
Semiconductor Silicon Wafer Market Overview:
The need for wireless computing
devices such as tablets, smartphones, wearables, and sensors, smaller sized
gadgets, multiple functionalities from a single device etc.,that require a
high level of integration has evolved and increased over the years. Therefore,
this drives the need for the development of a number of new designs to support
multiple applications on a single platform, giving rise to the semiconductor
silicon chip. Advancements in wireless computing devices such as smartphones
and tablets that increase the need for design developments from semiconductor
designers are consequent in increased demand for semiconductor silicon
wafers.
Semiconductor Silicon Wafer Market Growth Drivers and Restraints:
The growing acceptance of wireless
computing devices will be one of the primary semiconductor silicon wafer market
drivers during the next few years.The rising adoption of automation in
automobiles is one of the latest drifts while the upsurge in electrification
and automation of automobiles increases the need for these wafers. Automotive
manufacturers use various types of semiconductor ICs in applications such as
airbag control, anti-lock braking system, GPS, power doors and windows, car
navigation and display and automated driving. This will create the demand for
semiconductor devices, which will fuel the need for silicon chips. To add, the
growing popularity of hybrid and electric cars will also propel the
semiconductor silicon wafer market growth.
Rapid advances in technology has
led to the accessibility of products, which integrate several features on a
single platform. Advances in industries, such as computing, networking,
telecom, etc. are increasing the need for small and robust semiconductor
devices. This has boosted the demand for fabrication materials needed to
develop high-performance semiconductor components. The increased demand for advanced
ICs in wireless computing devices, such as smartphones and tablets has
influenced the consumption of semiconductor silicon wafer industry.
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Semiconductor Silicon Wafer Market Geographical Insights:
The major markets for this business
are North America, Asia Pacific, Europe and rest of the world. Asia Pacific is
expected to account for the major share of the market because of the presence
of key manufacturers like Samsung, Sony, LG, Toshiba, Panasonic, Toyotaand
Honda. Additionally, the growth of the consumer electronics industry in the
region will also augment the share of the region.
Keyplayers of the Semiconductor Silicon Wafer Market:
Prominent vendors in the market
are Siltronic, SUMCO, LG Siltron, Silicon Materials, Virginia Semiconductor,
and Wafer World.
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