Semiconductor Wafer Market 2021 Industry Share, Growth, Trend and Forecast to 2027
Summary
A New Market Study, titled "Semiconductor Wafer Market Upcoming Trends, Growth Drivers and Challenges" has been featured on Market Research Future.
The global semiconductor wafer market is growing rapidly. The market growth attributes to the booming mobile phone industry and wireless communication devices. Semiconductor wafer technology provides data processing capabilities and is majorly used in integrated circuits required in various electronic devices like computers, smartphones, military weapons, and others.
Due to the extensive absorption of semiconductor wafers in consumer electronics and devices used in telecom and automotive systems, the market demonstrates vast opportunities. In this regard, an eminent research firm - Market Research Future (MRFR), asserts that the global semiconductor wafer market valuation would reach USD 40BN by 2022, registering a 3.8% CAGR during the forecast period (2016-2022). Uses of semiconductor wafer technology
Additionally, factors such as vast technological development and advancements in semiconductor wafer technology in electronics industries worldwide have grown immensely. The penetration of 4G and 5G networks and economic growth worldwide have been influential for the growing market landscape. Furthermore, increasing sales of solar panel and solar cells due to the growing demand for solar energy boost the semiconductor wafer market size.
On the other hand, the high production costs of semiconductor wafers are a major factor impeding market growth. Nevertheless, the growing usage of semiconductor wafers in power amplifiers for transmitting ultra-high radio frequency, high-speed signals, and fast electronic switching applications would support the market growth throughout the forecast period.
Global Semiconductor Wafer Market – Segments
The report is segmented into three dynamics;
By Process : BOEL, FEOL, and others.
By Application: Consumer Electronics (Smartphone, Tablet/PC, Television, others), IT, BFSI, Healthcare, Telecom, Automotive, and others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
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Semiconductor Wafer Market –Regional Analysis
The Asia Pacific region dominates the global semiconductor wafer market. The region houses a large number of semiconductor manufacturing companies. Also, the region has long been attracting foreign investors with its raw material advantage and the availability of cost-competitive workforces, impacting the region's market share.
Growing demand for technologically advanced gadgets such as computers, laptops, tablets, and rising numbers of smartphone users fosters the semiconductor wafer market size. Countries like Japan, South Korea, China, and India account for leading markets for semiconductor wafers.
The North American region is another lucrative market for semiconductor wafers. The market growth is driven by the proliferation of photovoltaic, optoelectronic, and wireless communication devices. Additionally, the rapidly growing market of solar cells and the proliferation of solar energy positively impact the regional market's growth. Besides, the well-penetrated electronics and smart devices in the region push the market growth.
The European semiconductor wafer market is expected to demonstrate a steady growth during the forecast period. Factors such as the burgeoning automotive, electronics, and aerospace & defense sectors in the region drive the market growth. The need for safe, reliable, and clean energy source in various European countries create substantial market demand, driving the uses of solar cells.
Semiconductor Wafer Market - Competitive Landscape
Highly competitive, the global semiconductor wafer market appears fragmented due to the presence of many well-established players. They incorporate strategic approaches, such as acquisition, partnership, collaboration, expansion, and product/technology launch to gain competitive advantage and stay at the market forefront.
Major Players
Players leading the semiconductor wafer market include ASM International (U.S.), Applied Materials (U.S.), Nikon (Japan), Screen Semiconductor Solutions (Japan), Hitachi High-Technologies Corporation (Japan), Hitachi Kokusai (Japan), ASML Holding (Netherlands), KLA-Tencor Corporation (Japan), Tokyo Electron Limited (Japan), and Lam Research Corporation (U.S.), among others.
Industry/ Innovation/Related News
Feb. 19, 2021 — JinkoSolar Holding Co., Ltd., a leading global solar module manufacturer, announced its plan to sign a strategic co-operation agreement with Tongwei Co., Ltd. to jointly invest in a high-purity crystalline silicon project with an annual capacity of 45,000 Mt and a silicon wafer project with a 15GW annual production capacity, as well as develop a more extensive industrial chain co-operation.
This strategic partnership would benefit these two companies from different segments of the solar industrial chain and strengthen resource sharing and integration within the PV industry. Further, this deal would position both parties as industry leaders and power their dominance, creating a win-win manufacturing ecosystem.
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