Semiconductor Silicon Wafer Market worth USD 12.82 billion by 2023

Semiconductor Silicon Wafer Market Analysis Size, Growth rate and Overview:

Semiconductor Silicon Wafer Market was valued at USD 8.5 billion in 2017 and is expected to reach almost USD 12.82 billion by the end of 2023, growing at a CAGR of around 6% over the predicted period.

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.

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 Key Drivers, Challenges, and Opportunities:

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.

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Semiconductor Silicon Wafer Market – Regional Presence:

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, Toyota and Honda. Additionally, the growth of the consumer electronics industry in the region will also augment the share of the region.

Some of the Key Players Profiled in this Semiconductor Silicon Wafer Market Report are:

Prominent vendors in the market are Siltronic, SUMCO, LG Siltron, Silicon Materials, Virginia Semiconductor, and Wafer World.

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