Thin Wafer Market is projected to grow at a CAGR of 3.89% throughout the forecast period
Knowledge Sourcing Intelligence announces the publication of a new report on “Thin Wafer Market – Forecasts from2020 to 2025" to their offering.
Thin wafers are semiconductor wafers that have a considerably less diameter than standard thickness. The constantly growing electronics industry along with the miniaturization of electronic devices are some of the factors driving the market growth during the forecast period.
According to the report, the Thin Wafer Market is projected to increase at a CAGR of 3.89% in the coming years.
Booming Electronics Industry
The thin wafer market is projected to witness a nominal growth over the course of the next five years. The major factors augmenting the market growth significantly include the miniaturization of electronic devices which is driving the demand for miniature electronic components. The adoption of wearable technology has grown exponentially in the past years owing to the fact that the emergence of e-health has driven the demand for smart wearable devices in both developed and developing economies. Rising disposable income, combined with the increasing popularity of wearable devices is estimated to boost the adoption of these devices around the world, and in turn, augmenting the demand for thin wafers during the next five years. The penetration of smartphones has also been increasing and major smartphone manufacturers are investing heavily in the R&D to enhance the designs in order to minimize the thickness of these, thus, playing a significant role in shaping up the market growth during the next five years. The constant growth of the semiconductor industry globally is also positively impacting the thin wafer market growth throughout the course of the next five years. The propelling adoption of semiconductor devices across the different industry verticals such as automotive, electronics, and others is further widening up the business growth opportunities for the manufacturers over the next five years. The booming penetration of IoT and connected devices along with the budding investments in smart home technologies is further bolstering the growth in the near future.
The thin wafer market has been segmented into size, application, and geography. By size, the market has been classified as 125mm, 200mm, and 300mm. By application, the classification of the market has been done on the basis of MEMS, memory, LED, RF devices, image sensor and others. Furthermore, on the basis of geography, the distribution of the market has been done into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Geographically, the North American region is projected to hold a substantial market share throughout the course of the next five years. The major factors supporting the market growth in the region include the presence of a well-established manufacturing sector in countries like the United States and Canada among others. Furthermore, the early adoption of technology coupled with the presence of numerous market players in the region further bolster the thin wafer market growth in the North American region throughout the forecast period. The APAC region is expected to show promising growth during the next five years on account of the growing consumer electronics and automotive industries in the major emerging economies of the region such as India and China among others. Furthermore, rapid urbanization and improvement in the standards of living of the people is further positively impacting the market growth in the Asia Pacific region.
The major players covered as part of the report are SK Siltron Co. Ltd., Siltronic AG, SUMCO CORPORATION, and Virginia Semiconductor Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/thin-wafer-market
This report has segmented the thin wafer market on the basis following terms:
- RF Devices
- Image Sensor
- United Kingdom
Middle East and Africa
- Saudi Arabia
- South Korea
- North America
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