Semiconductor Wafers Market to Reach USD 19.5 Billion by 2031, Driven by Exponential Growth in Connected Devices

Semiconductor Wafers Market Size, Share, Growth Drivers and Regional Analysis, Global Forecast 2024 - 2031

AUSTIN, TEXAS, UNITED STATES, June 17, 2024 /EINPresswire.com/ --

The demand for semiconductor wafers is on a steady rise, Driven by the proliferation of connected devices and the emergence of groundbreaking applications in fields such as autonomous driving, 5G communication, and artificial intelligence (AI). This trend is projected to Drive the semiconductor wafers market to a staggering USD 19.5 billion by 2031, reflecting a robust CAGR of 4.72% from 2024 to 2031.

Growing Demand

-The ever-increasing adoption of connected devices, encompassing smartphones, tablets, and smart wearables, necessitates a constant supply of semiconductor wafers to fuel their functionality.
-The emergence of groundbreaking applications in autonomous driving, 5G communication, and AI is creating a surge in demand for advanced semiconductor wafers capable of supporting these complex technologies.
-The growing focus on renewable energy sources and the electrification of transportation is opening new avenues for semiconductor wafers in the energy sector.
-The rising demand for high-performance computing and data centers necessitates the use of high-speed and reliable components, further propelling the growth of the semiconductor wafers market.

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KEY PLAYERS:
- Shin-Etsu Handotai
- Siltronic AG
- SUMCO Corporation
- SK Siltron Co. Ltd
- Wafer Works Corporation
- GlobalWafers Singapore Pte. Ltd
- Tokuyama Corporation.
- Marvell Technology Group
- Xilinx Inc.
- Qualcomm
- Okmetic
- Advanced Micro Devices Inc

Market Trends and Opportunities

The semiconductor wafers industry has witnessed a dynamic shift in recent years, characterized by advancements in technology and evolving consumer needs. These wafers offer superior performance and reliability compared to traditional silicon wafers, making them increasingly popular for applications like 5G communication and autonomous driving. The relentless pursuit of miniaturization in transistors, as dictated by Moore's Law, necessitates larger diameter wafers (e.g., 300mm) to accommodate intricate circuits. The acceptance of semiconductor wafers in various applications like solar cells, integrated circuits, and electronic devices like smartphones and tablets is fostering market growth. The continuous miniaturization and growing complexity of circuits necessitate advanced wafer production technologies to meet the evolving demands.

Recent Developments

-February 2024, The Indian government greenlit Tata Electronics' proposal to establish a state-of-the-art semiconductor fabrication facility in Dholera, Gujarat, in partnership with PSMC. This facility boasts cutting-edge automation and leverages data analytics to optimize production efficiency.
-June 2023, American wafer fabrication giant Lam Research introduced the Coronus DX, a revolutionary tool that deposits a protective film coating on both sides of the wafer edge in a single step, minimizing damage during advanced semiconductor manufacturing.
-June 2024, Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors N.V. announced a collaborative effort to construct a cutting-edge wafer manufacturing facility in Singapore. This USD 7.8 billion venture will focus on producing wafers catering to a wide range of sectors, including automotive, industrial, and consumer electronics.

Segment Analysis

By Diameter, The 150-200mm wafer segment reigns supreme, with a projected value of USD 14,242.7 million in 2023. This widespread adoption stems from their versatility in various semiconductor products, from memory and logic chips to power supplies and image sensors. The 200mm+ segment is also anticipated to gain traction as manufacturers embrace larger wafers for advanced devices.

By Product, Memory wafers, used to create DRAM and NAND Flash memory chips, dominate the market. The ever-growing demand for data storage across cloud computing, smartphones, and AI applications underpins this segment's leadership. However, logic wafers, utilized in microprocessors and microcontrollers, are experiencing the fastest growth. The miniaturization of transistors and the rise of complex applications like AI and 5G fuel the demand for advanced logic chips, consequently propelling the growth of this segment.

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Regional Developments

North America powerhouse in design and innovation, North America boasts a strong presence of fabless semiconductor companies Such as Apple, AMD, and NVIDIA. These companies act as a major demand driver for wafers, fuelling market growth. the region has a rich history in developing advanced semiconductor systems, further solidifying its position in the industry. Recent activity in establishing new foundries indicates continued focus on domestic wafer production. Asia-Pacific is A manufacturing hub for consumer electronics giants such as Samsung and LG, Asia-Pacific enjoys a natural advantage in wafer demand due to its proximity to production facilities. The region offers a cost-competitive environment for wafer production, attracting leading global foundries to set up fabs. This trend further strengthens Asia-Pacific's dominance in the market. Furthermore, the burgeoning middle class across the region Drives the demand for consumer electronics, leading to a steady increase in wafer consumption as these devices become more affordable. Many governments in Asia-Pacific are actively promoting domestic chip production through initiatives like subsidies and infrastructure development, solidifying the region's long-term position in the market.

Key Takeaways

-Advancements in technology are transforming the market. The rise of compound semiconductors, the relentless pursuit of miniaturization, and the expanding applications of wafers are all shaping the industry's future.
-Continuous innovation and strategic partnerships are crucial for success.
-North America and Asia-Pacific are the dominant forces in the market, driven by different factors.
-North America's strength lies in design and fabless companies, while Asia-Pacific excels in cost-competitive manufacturing and a rapidly growing domestic consumer electronics market.

Table of Content – Analysis of Key Points

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Semiconductor Wafers Market Impact Analysis
Chapter 4.1 COVID-19 Impact Analysis
Chapter 4.2 Impact of Ukraine- Russia war
Chapter 4.3 Impact of ongoing Recession
Chapter 5. Value Chain Analysis
Chapter 6. Porter’s 5 forces model
Chapter 7. PEST Analysis
Chapter 8. Semiconductor Wafers Global Market, by Diameter
Chapter 9. Semiconductor Wafers Global Market, by Product
Chapter 10. Semiconductor Wafers Global Market, by Application
Chapter 11. Regional Outlook
Chapter 12. Competitive Intelligence
Chapter 13. Key Companies Analysis
Chapter 14. Research Process
Continued…

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