The global thin wafer
market is
estimated to be USD 10.8 billion by 2025 from USD 7.6 billion in 2020
(estimated year), at a CAGR of 7.2% between 2020 and 2025. The growth of the
thin wafer market is fueled by rising adoption of MEMS technology in portable
health monitoring devices, reducing sizes of electronic devices, growing
smartphone and consumer electronics markets, and high amount of material
saving. Moreover, growing demand for telecommunication systems owing to the
increasing focus towards e-learning amid COVID-19 is expected to propel the
thin wafer market.
COVID-19
Impact on the Global Thin Wafer Market
The thin wafer
market includes major Tier 1 and 2 suppliers like Shin-Etsu Chemical Co., Ltd.,
SUMCO Corporation, Global Wafers Co., Ltd., Siltronic, and SK Siltron. These suppliers
have their manufacturing facilities spread across various countries across Asia
Pacific, Europe, America, and RoW. Thin wafers supplied by these companies are
used by end-use industries such as consumer electronics, automotive,
industrial, medical and few others. Covid-19 not only impacted the operations
of the thin wafer market players, but also affected the businesses of companies
from the above-mentioned industries. A decline in demand for MEMS products from
the automotive and consumer electronics industries is also expected. Also,
consumers have reduced their spending on expensive products, such as premium
smartphones, wearables, and smart home systems. Product features are being
considered as a second priority, and basic functionalities are being preferred.
All these factors are expected to negatively impact the thin wafer market.
300 mm
wafers expected to grow at the highest CAGR during the forecast period
An exponential use
of 300 mm wafers in LED applications due to the greater yield offered by these
wafers is fueling the growth of the thin wafer market across the world. It has
become highly essential for LED manufacturers to achieve economies of scale and
improve profitability, which is offered by these wafers. Also, the increasing
number of operational 300 mm wafer fabrication facilities is expected to create
a significant rise in demand for 300 mm wafers.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255706993
Wafer dicing
technology to account for largest market share of the thin wafer market in 2019
Wafer dicing
dominated the thin wafer market in 2019. The growth can be attributed to the
increasing demand for high-speed dicing coupled with superior breakage
strength. Also, the requirement for smaller, higher performing, and lower cost
device configuration for use in applications such as memory devices, logic
devices, power devices, and sensors is expected to contribute toward the growth
of the wafer dicing equipment market during the forecast period.M.
Key Market
Players
The thin wafer
market is dominated by a few globally established players such as Shin-Etsu
Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd.
(Taiwan), Siltronic (Germany), and SK Siltron (South Korea).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
“Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers,
write “Attack, avoid and defend” strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive
intelligence and market research platform, “Knowledgestore” connects over
200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment