Silicon Wafers Market Overview:

In 2017, the International Trade Center (ITC) had measured that the global value of the semiconductor industry was $2.48 billion.[1] According to the Semiconductor Industry Association (SIA), global semiconductor sales had registered an upsurge on 12.7% year-to-year in October 2018, and the organization had projected 2.6% growth in 2018.[2] Silicon wafers are used in the manufacturing process of a gamut of semiconductor components, and the estimated escalation in the revenues generated in the semiconductor industry is having a positive influence on the silicon wafers market that offered opportunities worth $402.27 million as of 2018. Furthermore, the demand for silicon wafers is projected to observe a healthy compound annual growth rate (CAGR) of 8.50% during the forecast period of 2019 to 2025.        

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Silicon Wafers Market Outlook:

A silicon wafer is a semiconductor wafer which is used for the fabrication of integrated circuits and wafer-based solar cells. A unit wafer fabrication step such as etch step can produce more wafer chips to increase the area of overall silicon wafer. Owing to the indispensable application in semiconductors, the customer-base for the vendors in the silicon wafers market is found to be in consumer electronics, telecommunications, automotive, and healthcare industries.

Owing to the rapidly increasing number of mobile devices that has been well-documented by the Global System for Mobile Communication (GSMA. According to the organization, the total number of unique mobile subscribers in 2018 were gauged to be 5.1 billion, and the number is estimated to escalate at a moderate CAGR of 1.9% through to 2025.[3] This will have a direct impact on the consumer electronics application segment of the silicon wafers market, which is project to observe a superlative CAGR of 11.34% over the forecast period of 2019 to 2025.

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Silicon Wafers Market Growth Drivers:

• The Growth Prospects in the Automotive Industry –

The International Organization of Motor Vehicle Manufacturers (OICA) has measured the total number of vehicles that were produced in 2018, and the figure translates to a striking 91.54 million.[4] The future foresees an increase production rate in the automotive industry in which the contribution from the autonomous vehicles, electric vehicles, and self-driving trucks will play a vital role. Resultantly, this augmentation in the production of vehicles will create a myriad of opportunities for the vendors in the silicon wafers market.

• The Increased Implementation of GPS Tracking System –

GPS tracking device market is booming as the system has penetrated into almost every industry. These devices create a major silicon wafers marketplace because semiconductors are an integral part of GPS systems. Furthermore, there is a continuous RD in progress and the future innovations in the GPC tracking industry will further propel the silicon wafers market.