Silicon Wafer Market Outlook – 2027 

The global silicon wafer market is experiencing significant growth and is expected to grow considerably in the next few years. Silicon wafer is a kind of electronic device, which is a critical material for manufacturing semiconductors. In the electronics industry, a silicon wafer is a thin slice of semiconductor material used in the fabrication of incorporated circuits and other microdevices. 

The wafer serves as the substrate for microelectronic devices and endures various microfabrication process steps such as deposition of various materials, ion implantation or doping, etching, and photolithographic patterning. It is available in a variety of diameters from 25.4 mm to 300 mm. 

The semiconductor silicon wafer is the core component of various microelectronic devices as well as forming the keystone of the electronics sector. With electronic mobility and digitization being the recent trends in the technology landscape, such products are finding applications in a multitude of devices. In addition, the demand for small-sized gadgets has significantly increased the need for more functionality from a single device, which fuels the demand for silicon wafer.

The global silicon wafer market is segmented on the basis of size, type, application, industry vertical, and region. Based on size, the silicon wafer market is divided into 150 mm, 200 mm, 300 mm, and 450 mm. In terms of type, the market is bifurcated into P-type, and N-type. On the basis of application, the market is divided into solar cells, ICs, photoelectric cells, and others. 

In terms of industry vertical, the market is segregated into aerospace & defense, automotive, consumer electronics, medical, IT & telecom, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global silicon wafer industry include Siltronic AG, MEMC Electronic Materials Inc., LG Siltron Inc., Advance Semiconductor Inc., and SUMCO Corp., Elkem AS, Addison Engineering, Renewable Energy Corporation, and Shin-Etsu Handotai Co. Ltd. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors 

The silicon wafer market is mainly driven by the demand for diverse electronic products. It is the basic constituent for semiconductors and a major component in integrated circuits. Nearly, all electronic equipment use semiconductor devices such as information devices, including smartphones, PCs, tablets, and wearable computers; home appliances such as TVs and air conditioners; and means of transportation ranging from cars to trains. 

Demand for silicon wafer is likely to continue rising led by the growth of automobile, electronics, the solar industry, and consumer electronics. Further capital investment and consumption rates are expected to increase the silicon wafer demand. The growing shift toward renewable energy, such as wind and solar, is a lucrative opportunity for the market. Vendors are ramping up new capacity to meet future demand.

Technology Advancement to Flourish the Market

Technological advancements for improvement of capabilities of wafers fuel the silicon wafer market growth. AI and automation are used across various industries to improve operational efficiency. Products with AI are the latest among companies turning to silicon wafers for creating AI-infused technologies. 

In addition, silicon chips are created with elements that function such as neurons to handle deep learning tasks. The trend of miniaturization of electronics, followed by development in IoT drive the global market growth. Silicon chips that support high-end digital developments are expected to favor the industry expansion.

Surge in Usage in Automotive and Industrial Applications 

The growing adoption of automation in the automotive sector is expected to contribute to the silicon wafer market growth. In addition, the demand for vehicle electrification and increased connectivity is expected to encourage R&D in the industry. Moreover, introduction of technologies, such as Advanced Driver-Assistance Systems (ADAS), is expected to further aid the industry growth. 

Furthermore, there is increasing significance of connected cars with the ongoing trends of revolutionizing the automotive sector. The arrival of technologies, such as automatic braking and adaptive cruise control systems, is anticipated to further contribute to the market growth.

Key Benefits of the Report

• This study presents the analytical depiction of the global silicon wafer market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global silicon wafer market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global silicon wafer market trends and growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed silicon wafer market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Market Scope and Structure Analysis

COVID-19 Scenario Analysis 

• The COVID-19 pandemic is impacting society and the overall economy globally. The impact of this pandemic is increasing day by day as well as affecting the supply chain. 
• The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of the supply chain, falling business confidence, and increasing panic among the customer segments. 
• The overall consequence of the pandemic is impacting the production process of several industries including electronics, semiconductor, and many more. Trade barriers are further restraining the demand-supply outlook. 
• As the governments of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process is adversely affected, thereby hindering the market globally.

Silicon Wafer Market Key Segments

Questions Answered in the Silicon Wafer Market Research Report

• Which are the leading market players active in the silicon wafer market?
• What would be the detailed impact of COVID-19 on the silicon wafer market size?
• How the current silicon wafer market trends that will influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?