Global Semiconductor Wafer Market Size Forecast 2024 - 2033
17 Dec, 2024
What Is The Overview Of The Global Semiconductor Wafer Market?
Semiconductor wafer refers to a thin slice of semiconductor material, such as silicon, on which electronic circuits are fabricated. These wafers serve as the substrate on which microelectronic devices are built through processes such as doping, ion implantation, etching, and deposition of various materials.
Semiconductor Wafer Global Market Report 2024 provides data on the global semiconductor wafer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Semiconductor Wafer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Semiconductor Wafer?
The semiconductor wafer market size has grown strongly in recent years, increasing from $15.79 billion in 2023 to $16.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. This growth is driven by the expansion of the consumer electronics market, increased data centers and cloud computing, automotive industry growth, the rise of the Internet of Things (IoT), and personal computing advancements. The market is expected to continue strong growth, reaching $21.35 billion in 2028 at a CAGR of 6.2%. The forecasted growth is attributed to the transition to 5G technology, advancements in artificial intelligence (AI) and machine learning (ML), growth in electric and autonomous vehicles, expansion of advanced packaging technologies, and the emergence of quantum computing. Major trends include increasing adoption of wide bandgap (WBG) materials, rapid growth in edge computing, shift towards more complex chip designs, rising demand for advanced packaging solutions, and a focus on environmental sustainability.
What Are The Leading Drivers Of Growth In The Semiconductor Wafer Market?
The increasing demand for consumer electronics is expected to drive the growth of the semiconductor wafer market. Consumer electronics, which are electronic devices used in daily life, continuously evolve with advanced technologies, features, and functionalities, enhancing convenience and productivity. Semiconductor wafers are essential in these devices as they serve as the substrate for fabricating integrated circuits and microchips, enabling the functionality of products such as smartphones, computers, and televisions. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that electronic equipment production in Japan reached 771,457 units, with consumer electronics production rising to 32,099 units in May 2023, compared to 25,268 units in May 2022. Thus, the growing demand for consumer electronics is driving the semiconductor wafer market.
Get Your Free Sample of the Global Semiconductor Wafer Market ReportHow Are The Segments Defined Within The Global Semiconductor Wafer Market?
The semiconductor wafer market covered in this report is segmented –
1) By Product: Processor, Memory, Analog, Other Products
2) By Technology: Wafer Bumping, Packaging And Assembly, Testing And Inspection, Other Technologies
3) By Application: Consumer Electronics, Industrial, Telecommunication, Automotive, Other Applications
How Are New Trends Expected To Influence The Growth Of The Semiconductor Wafer Market?
Major companies in the semiconductor wafer market are developing advanced silicon wafers to meet the rising demand for sophisticated electronic devices across various industries. Silicon wafers are crucial for fabricating integrated circuits (ICs) and semiconductor devices. For instance, in April 2024, LONGi, a photovoltaics company based in China, launched TaiRay silicon wafer products. These wafers support multiple cell technologies and come in various sizes and thicknesses to meet diverse market needs. TaiRay wafers also feature enhanced mechanical properties, offering a 16% higher bending strength than conventional wafers, which reduces breakage during production, especially for thinner wafers.
Which Region Drives The Highest Growth In The Semiconductor Wafer Market?
Asia-Pacific was the largest region in the semiconductor wafer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor wafer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.