Silicon Wafer Market to become worth US$14.21 mn by 2025

The global market for silicon wafers has been treading on a steady growth path so far and in the years ahead too will continue doing so on the back of the solid demand for the consumer electronics and automotive sectors. However, the market growth is being hampered to an extent by the high initial investments. This has made entry barriers high and the competitive landscape consolidated – currently the top four companies hold about 70.0% share in it. High cost of 300 mm silicon wafers is another hurdle the market needs to overcome to grow sales.

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A study by Transparency Market Research expects the global silicon wafers market would tread on steady yet not-so-impressive growth path by registering a CAGR of 6.8% over the course of the forecast period during 2017 and 2025. Rising at this pace, the market is projected to become worth US$14.21 mn by 2025.

Wafers of Size 300 mm and Above Hold Maximum Market Share

Silicon wafers come in different sizes of 100mm, 150mm, 200mm, and 300mm and above. In 2016, the segment of 300 mm and above wafers size held a leading share in the market. They are also expected to surpass the other segments vis-à-vis growth rate over the course of the forecast period. The 200 mm wafer size segment is also plays a pivotal role in the market and is expected to rise at a significant pace in the near future. This is because of their increasing application with progress in logic, analog, RFID, image sensors, microprocessors, and power opto-electronics devices.

Device-wise, the market for silicon wafers is classified into MEMS, beach logic and memory, CMOS, and RFID. The logic and memory segment, among them, is forecasted to outshine all others in terms of growth rate on the back of their rising uptake in various applications of IoT (Internet of Things) and the increasing usage of networking devices across the different part of the globe.

Depending upon the method of fabrication, the market is divided into horizontal gradient freeze, horizontal bridgeman freeze, etc. In 2016, segment of horizontal bridgeman freeze accounted for a leading share in the market. The segment is expected to grow at maximum pace in the years ahead too.