Global Thin Wafer market size 2024, Forecast To 2033
4 Mar, 2024
The thin wafer market size has witnessed rapid growth in recent years, rising from$10.73 billion in 2023 to$11.85 billion in 2024, with a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increased demand for miniaturized devices, rising adoption in the semiconductor industry, cost reduction, the growing consumer electronics market, and the escalating demand for photovoltaic cells. Looking ahead, the thin wafer market is expected to see strong growth, reaching$17.33 billion in 2028, with a compound annual growth rate (CAGR) of 10.0%. This growth in the forecast period can be attributed to increasing use in automotive electronics, a growing focus on renewable energy, the emphasis on energy efficiency, and the demand for compact and lightweight devices. Major trends in the forecast period include the rise in IoT and connected devices, advancements in semiconductor packaging, the expansion of 5G technology, wafer-level chip scale packaging (WLCSP), and technological innovations in wafer thinning.
Global Thin Wafer Market Key Driver
The growing smartphone and consumer electronics market is expected to propel the thin wafer market. Consumer electronics refers to an electronic device designed to be purchased and used by an end-user for daily, non-commercial or professional purposes. They are powered by electricity or have circuit boards. Thin wafers are used to fabricate integrated circuits and for high-density packaging in compact or microelectronic devices that power consumer electronics. So, an increase in the smartphone and consumer electronics market will propel market growth. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. By 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Furthermore, in December 2022, according to a report shared by Shopify, a Canada-based multinational e-commerce company, the amount spent on consumer electronics had increased by 20% since 2020. The largest market for consumer electronics, smartphones, generated $481 billion in revenue in 2021. By 2026, it's anticipated that this will surpass $500 billion. Therefore, the growing smartphone and consumer electronics market is driving the growth of the thin wafer market. In 2023, the market size for thin wafers is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Thin Wafer Market ReportGlobal Thin Wafer Market Segments
The global thin wafer market covered in this report is segmented –
1) By Wafer Size: 125 Mm, 200 Mm, 300 Mm
2) By Process: Temporary Bonding And Debonding, Carrier-Less Or Taiko Process
3) By Technology: Wafer Grinding, Wafer Polishing, Wafer Dicing
4) By Application: MEMS, CIS, RF Devices, LED, Interposer, Logic, Other Applications
By Geography: The regions covered in the thin wafer market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the thin wafer market analysis in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thin wafer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Thin Wafer Industry Players
3M Company, Applied Materials Inc., Brewer Science Inc., DISCO Corporation, EV Group, GlobalWafers Co. Ltd., Shin-Estu Chemical Co. Ltd., Sil'tronix Silicon Technologies, SK Siltron Co. Ltd., SUMCO Corporation, SUSS MicroTec, Synova S A, Virginia Semiconductor Inc., ULVAC GmbH, Wafer Works Corporation, Atecom Technology Co. Ltd., UniversityWafer Inc., Mechatronic Systemtechnik GmbH, Soitec, My-Chip Production GmbH, Polishing Corporation of America, Kulicke & Soffa Industries Inc., SunEdison Semiconductor, LG Siltronic, Han's Laser Technology Industry Group Co. Ltd., ASM Pacific Technology Ltd., Aixtron SE, SPTS Technologies Limited, Nuvonyx Inc., Semiconductor Equipment Corporation
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Thin Wafer Market Overview
Thin wafers are the building blocks used in producing semiconductor devices through mechanical grinding and stress reduction.
Thin Wafer Global Market Report 2023 provides data on the global thin wafer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The thin wafer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.