Elettronica
Silicon Wafer Market to Advance at CAGR of 9.3% During 2022-2031; States TMR Study
Ever-increasing need for next-gen chips for both consumer and commercial applications is reinforcing advancements in silicon wafer manufacturing process. Need for state-of-the art semiconductor devices for photovoltaic (PV) equipment is a case in point. Which is enriching the prospects of the silicon wafer market. Silicon wafers are widely utilized in ICs, MEMS, sensors, and diverse range of microelectronics.
Both high-value and high-volume production of chips in Asia Pacific has made the region highly lucrative in the global silcon wafer market. High concentration of chip foundries in Taiwan has spurred the sales of silicon wafers in Asia Pacific . Rise in demand for semiconductor devices in data centres and computing devices is catalysing revenue growth of the Asia Pacific silicon wafer market.
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Top silicon wafer manufacturing companies in the world are stridently geared toward the production of wafers to ensure stable supply of silicon wafers in the semiconductor industry. Multinational semiconductor manufacturing companies are also reinforcing their propriety silicon material manufacturing technologies to assert their distinctive competencies in the silicon wafer market. Recent cases of such efforts have been made by Global Foundries, Okmetic, SUMCO Corporation, and Wafer Works Corporation.
Other key players in the silicon wafer market are Wafer World Inc., Siltronic AG, SK Siltron Co. Ltd., Globalwafers Co. Ltd, and Taiwan Semiconductor Manufacturing Company.
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