The silicon market, currently valued at US $9 Bn, is expected to grow at a CAGR of 9.3% revenue-wise by year 2031, driven by key market trends in automation, digitisation, etc.Â
A silicon wafer is a thin slice of semiconductor found in all types of electronic devices. These wafers are made using blocks of pure crystalline silicon. They are then further developed in different sizes and with targeted functionalities. It is used extensively across industries; like automotive, healthcare, telecommunication, defence, energy, consumer electronics, industrial, etc. In terms of size, the silicon wafer is available in 100mm, 150mm, 200mm, and 300mm and above, out of which the 300mm and above category dominates the market share globally.
Key Players in Silicon Wafer Market:
Some of the industry’s key players are Wafer World Inc., SUMCO Corporation, Shin-Etsu Chemical Co., Ltd., Wafer Works Corporation, Okmetic, Sil’tronix Silicon Technologies, and Global Wafers Co., Ltd., Siltronic AG, Silicon Materials Inc., and SK Siltron Co., Ltd.
Forecast:
It is estimated that the current valuation of the silicon market is around US $9 Bn, which will rise exponentially in the future. As per Transparency Market Research, the silicon wafer market valuation will expand at a CAGR of 9.3% in revenue during the forecast period.Â
The key factors driving this growth are the trend of digitisation and electronic mobility, increased sales of consumer electronics, inclination towards adoption of solar energy, automation, etc. Furthermore, once the trials to develop the 450 mm category proves successful, it will further boost the market and lower the production cost of semiconductors.Â
Transparency Market Research: An Overview
A global market intelligence company, Transparency Market Research, provides global business information and services, analyses global market trends, and issues reports on the same. Transparency Market Research uses rigorous research and analysis techniques to collect and translate data into comprehensive reports.
