Semiconductor Silicon Wafer Market worth USD 16.0 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Semiconductor Silicon Wafer Market by Diameter (Less than 150 mm, 200 mm, and 300 mm and above), by Product (Logic, Memory, Analog, and Other Products), by Application (Consumer Electronic, Industrial, Telecommunication, Automotive, and Other Applications), by Region – Global Share and Forecast to 2030".

The global semiconductor silicon wafer market size was estimated to reach USD 16.0 billion by 2030 from USD 11.9 billion in 2021. The market is projected to grow at a CAGR of 3.4% during the study period (2022-2030). Government policies favouring the semiconductor industry in emerging economies such as China have created enormous opportunities for the industry, which is expected to expand the semiconductor silicon wafer market's scope during the forecast period. The State Council of the People's Republic of China, for instance, has published a policy framework that aims to make advanced semiconductor packaging solutions a technology priority across the semiconductor industry.

The market is also witnessing different types of silicon wafers based on the application. The growth in these customizations also expands the studied market’s growth over the forecast period. Some of the main wafer product types include polished, epitaxial, and SOI, among others.

Global Semiconductor Silicon Wafer Market Segmentation

The semiconductor silicon wafer market has been segmented into the diameter, product, application, and region.

• By Diameter (Less than 150 mm, 200 mm, and 300 mm and above)
• By Product (Memory, Logic, Analog, and Other Products)
• By Application (Consumer Electronics, Industrial, Telecommunication, Automotive, and Other Applications)
• By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)

Memory, by product, is estimated to hold the largest market share during the forecast period

Based on product, the global semiconductor silicon wafer market is fragmented into logic, memory, analog, and other products. In 2021, memory had the largest market share of 55.5% in the global semiconductor silicon wafer market. Memory devices find increasing applications in memory-based electronic devices such as mobile phones, computers, tablets, medical devices, digital cameras, smart cards, communication equipment, and other digital devices.

The increasing proliferation of smartphones, feature phones, and tablets, growing demand for low-power memory requirements in portable wireless devices, and increasing demand for Solid State Drives in big data storage applications are the major factors influencing the market's growth memory devices. The tablet computer is another device with a significant need for memory products.

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Asia Pacific accounts for the largest market share in the semiconductor silicon wafer market in 2021

Based on the regions, the global semiconductor silicon wafer market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 65.7% in the global semiconductor silicon wafer market. The Asia-Pacific semiconductor silicon wafer market is expected to witness high growth owing to a cyclical resumption of the growth in the semiconductor industry and the increase of the manufacturing facilities in the region.

Moreover, Asia-Pacific countries, including Japan, China, and the ten other members of ASEAN, signed a regional trade deal, the Regional Comprehensive Economic Partnership, that covers nearly a third of the global economy. The partnership aims to cut tariffs and establish common rules in areas such as e-commerce and intellectual property, which will make the region’s supply chains more efficient.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the semiconductor silicon wafer market. It also consists of the profiles of leading companies such as Shin-Etsu Handotai, SUMCO Corporation, Globalwafers Co. Ltd., Siltronic AG, SOITEC SA, Okmetic Inc., Wafer Works Corporation, SK Siltron Co. Ltd, and Episil -Precision Inc.

Browse the complete report: https://www.marketstatsville.com/semiconductor-silicon-wafer-market

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