Allied Market Research published a report, titled, “Silicon Wafer Market by Wafer Size (1 to 100mm, 100mm to 300mm, and above 300mm), Type (P type, N type), and End User (Consumer Electronics, Automotive, Industrial, Telecommunication and Others). According to the report, the global silicon wafer market was valued at $15.3 billion in 2022 and is estimated to reach $25.9 billion by 2032, exhibiting a CAGR of 5.42% from 2023 to 2032.
Prime determinants of growth
The silicon wafer market is expected to witness notable growth owing to a rise in the demand for consumer electronics, and the demand for semiconductors in the automotive sector. Moreover, the rollout of 5G technology is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high production costs and fluctuations in the price of raw materials limit the growth of the silicon wafer market.
Covid-19 Scenario
- Due to production facilities being idled because of the COVID-19 pandemic, the electronics industry was negatively damaged. This increased demand for semiconductor and electronics products in several industries. Large-scale industrial disruptions in Europe and a halt to the export of Chinese parts are two of its main effects, both of which could hurt the semiconductor wafer market. Industries are actively seeking innovative solutions to navigate and address the challenges arising from global disruptions caused by the pandemic.
The 100mm to 300mm segment to maintain its leadership status throughout the forecast period
Based on wafer size, the 100mm to 300mm segment held the highest market share in 2022, accounting for more than two-fifths of the global silicon wafer market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to technological advancements, cost efficiency, and manufacturing capabilities playing crucial roles. The 100mm to 300mm wafer size segment of the silicon wafer market encompasses the more chips production per wafer, the cost per chip decreases. This is particularly important in the semiconductor industry, where production costs can significantly impact the overall cost of electronic devices.
The N type segment to maintain its leadership status throughout the forecast period
Based on type, the N type segment held the highest market share in 2022, accounting for more than half of the global silicon wafer market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the P type segment is projected to manifest the highest CAGR of 6.02% from 2023 to 2032, owing to use of P type in Internet of Things (IoT) devices, sensors, and wearable electronics. These technologies contribute to the growing demand for p-type silicon in various electronic components.
