The thin wafer market is projected to grow at a CAGR of 3.89% to reach the market size of US$9.895 billion by 2025 from US$7.870 billion in 2019. Reduction in the size of various electronic devices and electrical components is one of the major factors driving the demand for thin wafers.
The rising number of smartphone users across the globe is majorly boosting the demand for these wafer types in order to minimize the thickness of the devices being manufactured. Expanding the global semiconductor industry coupled with increasing awareness regarding the technology will propel the growth of the thin wafers market in the coming years. The growing IC (integrated circuit) industry and the rising demand for portable devices will further augment the demand for thin wafers. By size, 300 mm thin wafer is experiencing significant market growth as it enables the manufacturing of a large number of devices in a single batch, thereby impacting the global thin wafer market positively. Geographically, China from the APAC region is anticipated to witness the fastest growth of the thin wafer market during the forecast period owing to the spending on wafer fabrication equipment. Factors such as the growing semiconductor industry, rapid industrialization, and high demand for various consumer electronics, particularly smartphones and tablets will lead to this regional market growth. However, inefficient maintenance and delay in the supply of thin wafers due to manufacturing defects will restrain the growth of the global thin wafer market during the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
The values obtained are correlated with the primary inputs of the key stakeholders in the thin wafer value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global thin wafer market.
Major industry players profiled as part of the report are Siltronic AG, LDK Solar, GlobalWafers, and Wafer Works Corporation among others.
|Market size value in 2019||US$7.870 billion|
|Market size value in 2025||US$9.895 billion|
|Growth Rate||CAGR of 3.89% from 2019 to 2025|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Size, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||SK Siltron, Co., Ltd., Siltronic AG, SUMCO CORPORATION , Virginia Semiconductor Inc., Wafer Works Corporation, GlobalWafers, PV Crystalox Solar plc, LDK Solar Co. Ltd.|
|Customization scope||Free report customization with purchase|
The thin wafer market can be segmented based on size, application, and geography.
Frequently Asked Questions (FAQs)
Q1. What is the size of thin wafer market?
A1. Thin Wafer market was valued at US$7.870 billion in the year 2019.
Q2. What will be the thin wafer market size by 2025?
A2. The global thin wafer market is expected to reach a market size of US$9.895 billion by 2025.
Q3. What are the growth prospects for the thin wafer market?
A3. The thin wafer market is expected to grow at a CAGR of 3.89% over the forecast period.
Q4. Who are the major players in the thin wafer market?
A4. Major industry players profiled as part of the thin wafer market report are Siltronic AG, LDK Solar, GlobalWafers, and Wafer Works Corporation among others.
Q5. What factors are anticipated to drive the thin wafer market growth?
A5. Reduction in the size of various electronic devices and electrical components is one of the major factors driving the demand for thin wafers.