According to the recent study the semiconductor wafer market is projected to reach an estimated $16.5 billion by 2028 from $12.9 billion in 2023, at a CAGR of 5% from 2023 to 2028. Growth in this market is primarily driven by increase in the sale of consumer electronic devices, rising deployment of GPS tracking system, and growing application of semiconductor wafers in power amplifiers for transmitting ultra-high radio frequency.
A more than 150-page report is developed to Understand trends, opportunities and forecast in semiconductor wafer market by wafer size (less than 150 mm semiconductor wafers, 150 to 200 mm semiconductor wafers, and more than 200 mm semiconductor wafers), application (automotive, consumer electronics, industrial manufacturing, telecommunications, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“150 to 200 mm semiconductor wafers market is expected to remain the largest segment during the forecast period.”
Based on wafer size, the semiconductor wafer market is segmented into less than 150 mm semiconductor wafers, 150 to 200 mm semiconductor wafers, and more than 200 mm semiconductor wafers. Lucintel forecasts that the 150 to 200 mm semiconductor wafers market is expected to remain the largest segment due to increasing application of these wafers in semiconductor products like memory chips, logic chips, power devices and image sensors.
“Within the semiconductor wafer market, the consumer electronics segment is expected to remain the largest application”
Based on application the consumer electronics segment is expected to witness the highest growth over the forecast period due to growing need to produce integrated circuits to power laptops, smartphones, and computers, so as to improve efficiency and enables high frequency rectification.
“Asia pacific will dominate the semiconductor wafer market in near future”
APAC is expected to witness the highest growth during the forecast period due to rising demand for consumer electronics and alternative renewable energy sources, along with increase in sale volumes of automotive devices. .
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Major players of semiconductor wafer market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Applied Materials, ASM International, Nikon Corporation, Tokyo Electron, KLA Corporation, Global Foundries, Siltronics, Shin Etsu, Sumco, and Fujitsu Semiconductor are among the major semiconductor wafer providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductor-wafer-market.aspx or [email protected]