Transparency Market Research delivers key insights on the global thin wafers market. In terms of revenue, the global thin wafers market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global thin wafers market.
The global thin wafers market is broadly affected by several factors, including increasing applications in a wide range of sectors and rapid development of wireless technology. Thus, this factor is propelling the global market.
Thin Wafers Market: Dynamics
Thin wafers are utilized in the fabrication of different integrated circuits. It is available in various thicknesses and diameters for fabrication, depending on the application and type of devices. This wafer is also used in the production of semiconductors and found in all types of electronics devices. The semiconductor industry has been expanding significantly for the past few years due to digitization, increasing global connectivity, and emergence of different types of technologies such as 4G, AI, IoT, and smart applications.
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Moreover, the demand for thin wafer is considerably high due to demand from consumer electronics and automotive industries, and considerable rise in the demand for Wi-Fi and Bluetooth chips. An increase in the demand for data centers, communication systems, and evolution of 5G in the communication sector are expected to further drive the demand for thin wafer.
The demand for 200 mm wafer is at an all-time high due to its mature process and low cost; however, the global semiconductor shortage has prompted several players to increase their production capacities and investments.
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Thin Wafers Market: Prominent Regions
The thin wafers market in Asia Pacific is projected to expand during the forecast period, owing to the presence of key market players in Japan, Korea, and China; technological advancements; and rise in chip fabrication in the region. The thin wafers market in North America is projected to expand considerably during the forecast period, due to rise in investments by manufacturers in the region. The thin wafers market in Europe is likely to expand during the forecast period, owing to rapid technological developments in the region.
Thin Wafers Market: Key Players
Key players operating in the global thin wafers market include SUMCO CORPORATION, Siltronic AG, SK Siltron Co. Ltd., Global Wafers Co. Ltd., Shin-Etsu Chemical Co., Ltd., Okmetic, Soitec, and Hangzhou Semiconductor Wafer Co., Ltd.