Global silicon wafers market would tread on steady 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.
Albany, NY -- (SBWIRE) -- 02/09/2018 -- Being a most common semiconductor, the silicon wafer is widely used in the electronic and technology sector. With the swelling demand for consumer electronics, silicon wafers are expected to remain supported in the next couple of years. Recently, a new study titled "Silicon Wafer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been publicized to the broad database of Market Research Hub (MRH), which accurately predicts the future of the market and also gives an impression of the present market situation. As per the study findings, the global silicon wafers market estimated to expand at a CAGR of 6.8% during the forecast period of 2017-2025. Rising at this pace, the market is projected to become worth US$14.21 mn by 2025.
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In the market overview section, an in-depth qualitative assessment of factors that are responsible for driving and limiting the growth of this market and for its future opportunities has been presented. For a better understanding of the global market for silicon wafer, the analysts have broadcasted the market into MEA, North America, Latin America, Japan, Asia-Pacific and Europe. For each regional segment, the market size and forecast has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025.
Major findings from the Report
- The silicon wafer is a thin round disk which comes in different diameters meant to suit numerous electronic goods. Silicon wafers find application in RFID, CMOS, MEMS, and other electronic applications. As per the analysis, it comes in different sizes of 100mm, 150mm, 200mm, and 300mm and above. In 2016, the segment of 300 mm and above wafers size held a chief share in the market.
- From a geographical standpoint, North America plays a pivotal role in the market for silicon wafers. Moreover, Asia Pacific is the foremost region in the global market for silicon wafers. The dominance of this region is a result of the booming automotive and electronics market.
- Automotive is another segment that is expected to push up demand in the market for silicon wafers. The rising electrification and automation of vehicles have driven up demand for semiconductor ICs for automotive products.
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Moving further, the study includes the profiles of key players in the global silicon wafer market and the strategies adopted by them to sustain in the competition. Shin-Etsu Chemical Co., Ltd., Silicon Materials Inc., Wafer World Inc., Sil'tronix Silicon Technologies, SUMCO Corporation, Okmetic, Global Wafers Co., Ltd., Siltronic AG, Wafer Works Corporation and SK Siltron Co., Ltd. are some of the leading companies functioning in the global market.
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