Silicon Wafer Market to Advance at CAGR of 9.3% During 2022-2031; States TMR Stu… – Press Release

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  • Multiple applications of logic and memory chips spur uptake of silicon wafers among semiconductor manufacturers; use in automotive, telecommunication, and aerospace industries underpins lucrative opportunities
  • Use of nanotech in fabrication of thin silicon wafers to unlock incredible avenues; high-volume production of wafers in Asia Pacific to contribute sizable revenue shares to global silicon wafer market

ALBANY, N.Y., May 16, 2022 /PRNewswire/ — Silicon wafer shipments and revenues are rising continuously to cater to the burgeoning demand for chips for use in various industries, increasingly in the defense, automotive, telecommunication, and aerospace industries. Semiconductor wafer suppliers have reaped significant revenue gains from rise in prices of silicon wafers. The global market is projected to surpass valuation of US$ 13.2 Bn by 2031.

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Growing use of microelectronic chips and systems in AI and IoT have shaped the development of the silicon wafer market. Players in the semiconductor industry have in recent years vigorously pushed for attaining lower cost per chip. This aspect has spurred the shift toward larger diameter wafers. The TMR study on silicon wafer market observed that there is a shift toward production of 450mm silicon wafers, in addition to 50mm and 300mm sized wafers.

Ever-increasing need for next-gen chips for both consumer and commercial applications is reinforcing advancements in silicon wafer manufacturing process. Need for state-of-the art semiconductor devices for photovoltaic (PV) equipment is a case in point. Which is enriching the prospects of the silicon wafer market. Silicon wafers are widely utilized in ICs, MEMS, sensors, and diverse range of microelectronics. 

Both high-value and high-volume production of chips in Asia Pacific has made the region highly lucrative in the global silcon wafer market. High concentration of chip foundries in Taiwan has spurred the sales of silicon wafers in Asia Pacific. Rise in demand for…

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