Semiconductor Wafer Global Market Report 2024

The semiconductor wafer market size has grown strongly in recent years. It will grow from $15.79 billion in 2023 to $16.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to several factors, including the expansion of the consumer electronics market, the increase in data centers and cloud computing, the expansion of the automotive industry, the growth of the Internet of Things (IoT), and the rise of personal computing.

The semiconductor market size is expected to see strong growth in the next few years. It will grow to $21.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to several factors, including the transition to 5G technology, advancements in artificial intelligence (AI) and machine learning (ML), the growth of electric and autonomous vehicles, the expansion of advanced packaging technologies, and the emergence of quantum computing. Major trends in the forecast period include the increasing adoption of wide bandgap (WBG) materials, rapid growth in edge computing, a shift towards more complex chip designs, increasing demand for advanced packaging solutions, and a focus on environmental sustainability.

The semiconductor wafer market is poised for growth, driven by the increasing demand for consumer electronics. Consumer electronics encompass a wide range of electronic devices designed for everyday use, continually evolving with new technologies and features to enhance convenience and productivity. Semiconductor wafers play a crucial role in consumer electronics as the foundational substrate for fabricating integrated circuits and microchips, enabling the functionality of devices such as smartphones, computers, and televisions. For example, in May 2023, Japan Electronics and Information Technology Industries Association reported a notable increase in electronic equipment and consumer electronics production, underlining the growing demand for semiconductor wafers.

Key players in the semiconductor wafer market are focusing on developing silicon wafers to meet the rising demand for advanced electronic devices across industries. Silicon wafers serve as the base for manufacturing integrated circuits and semiconductor devices. Longi, a prominent photovoltaics company based in China, introduced TaiRay silicon wafer products in April 2024. These wafers are designed to support various cell technologies, available in different sizes and thicknesses to cater to diverse market requirements. Notably, TaiRay wafers boast enhanced mechanical properties, exhibiting a 16% increase in bending strength compared to conventional wafers, thereby reducing breakage rates during production, especially with thinner wafers.

In September 2023, Robert Bosch GmbH, a leading engineering and technology company from Germany, acquired TSI Semiconductors Corporation. This acquisition significantly expanded Bosch's manufacturing capacity for silicon carbide (SiC) chips, bolstered its global semiconductor portfolio, strengthened its foothold in the North American market, and reaffirmed its commitment to advancing electromobility and high-efficiency electronic solutions. TSI Semiconductors Corporation, based in the United States, specializes in designing and producing semiconductor wafers for various sectors, including automotive and industrial applications.

Major companies operating in the semiconductor wafer market are Samsung Electronics, Intel Corporation, Qualcomm Incorporated, ASML Holding, LONGi Green Energy Technology Co. Ltd., Shin-Etsu Chemical Co. Ltd., Tokyo Electron Limited, STMicroelectronics N.V., KLA Corporation, Microchip Technology Inc., SUMCO Corporation, Globalwafers, Siltronic AG, Soitec, Fujimi Incorporated, Wafer Works Corporation, Ferrotec Holdings Corporation, Okmetic Inc., Episil-Precision Inc., Alfa Chemistry, Shanghai Simgui Technology Co. Ltd., SK Siltron Co. Ltd., Wafer World Inc., WaferPro, Virginia Semiconductor.

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.

The countries covered in the semiconductor wafer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A semiconductor wafer is a thin slice of semiconductor material, typically silicon, on which electronic circuits are fabricated. These wafers serve as the substrate for building microelectronic devices through processes such as doping, ion implantation, etching, and deposition of various materials.

The main products derived from semiconductor wafers include processors, memory chips, analog circuits, and others. Processors, for instance, are the central processing units (CPUs) of computers and electronic devices responsible for executing instructions and performing calculations to carry out tasks. These products are manufactured using various technologies including wafer bumping, packaging and assembly, testing and inspection, among others, and are used in applications across consumer electronics, industrial equipment, telecommunications, automotive systems, and more.

The semiconductor wafer market research report is one of a series of new reports that provides semiconductor wafer market statistics, including the semiconductor wafer industry global market size, regional shares, competitors with semiconductor wafer market share, detailed semiconductor wafer market segments, market trends, and opportunities, and any further data you may need to thrive in the semiconductor wafer industry. These semiconductor wafer market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The semiconductor wafer market consists of sales of silicon wafer, photolithography machines, wafer cleaning systems, dicing machines, optical microscopes, and wafer carriers and cassettes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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