What is the current size of the global thin wafer market?

The global thin wafer market is estimated to be USD 10.8 billion by 2025 from USD 7.6 billion in 2020, growing at a CAGR of 7.2% between 2020 to 2025. The growth of the thin wafer market can be attributed to factors such rising adoption of MEMS technology in portable health monitoring devices, growing smartphone and consumer electronics markets, reducing sizes of electronic devices, and high amount of material saving.

Who are the winners in the global thin wafer market?

Companies such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), and SK Siltron (South Korea) fall under the winner’s category. These companies cater to the requirements of their customers by providing efficient thin wafers with a presence in majority of countries. Moreover, these companies have a strong and reliable distribution network which gives them an edge over other industry players.

What are the opportunities for the existing players and for those who are planning to enter various stages of the thin wafer value chain?

There are various opportunities for the existing players to enter the value chain of the thin wafer industry. Some of these include the growing use of thin wafers in automotive applications for the safety and in-vehicle communication systems, increased requirement for thin wafers in portable medical devices, and the growing implementation of different diameters of thin wafers in discrete semiconductor devices.

What is the Covid-19 impact on thin wafer market?

The shutdown of manufacturing facilities globally combined with strict restrictions over social movement in various COVID-19 affected countries impacted the operations of thin wafer manufacturing facilities. Leading thin wafer providers, such as GlobalWafers Co., Ltd. (Taiwan) and Siltronic (Germany), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 6% respectively in their half-year revenue as compared to the previous year. Also, devices such as MEMS, CIS, memory, RF devices, LEDs, interposers, and logic have experienced a decline in demand from end-user industries such as consumer electronics, automotive, industrial, and medical. This has resulted in a decline in the demand for thin wafers.

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What are some of the technological advancements in the market?

Silicon Carbide (SiC) is evolving at a rapid space. SiC wafers are largely preferred by semiconductor device manufacturers and fabrication facilities as they offer several advantages over traditional silicon substrates. One of the major advantages of this substrate is its hardness. This substrate is increasingly used for thin wafers to minimize the impact of pressure or stress. Also, SiC has a low coefficient for thermal expansion, which means its shape does not gets altered when subjected to heating or cooling. It can operate on temperatures as high as 1600 °C, which makes it suitable for high-temperature applications..

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