The abundance of electronics applications for which silicon wafers have been utilized is overwhelming. The silicon wafer market share in the semiconductor industry has increased at an unprecedented pace. For the past several decades, the demand for these in a vast array of electronics has thrived, given the proliferating use in making semiconductor used in a wide diverse range of commercial and enterprise applications, ranging from automotive to medical devices. Massive use of variations of silicon wafers and the emergence of new techniques have spurred their sales among manufacturers of microelectronics and MEMS, thus expanding semiconductor silicon wafers market outlook.
Semiconductor Industry Lean on Spurring Capacity Expansion to Meet Global Silicon Wafer Availability
The near-ubiquity of use of silicon wafers in electronic equipment is a key underpinning for the expanding revenues of the silicon wafer market. A study by TMR pegged the global valuation in 2021 to have moved past US$ 5.4 Bn.
Demand Diverse Electronics in Semiconductor Silicon Wafer Market Outlook
Semiconductor companies have grown their stakes on silicon wafer as specialty substrates for developing products for power electronics. Advancements in silicon wafers preparation and properties have allowed silicon wafer manufacturing companies to diversify their revenue streams. In part, the momentum was fueled by the emergence of the internet of things (IoT) era. Tens of millions of IoT-connected devices continue to enrich the landscape of silicon wafer market.
End users in industrial, commercial, and enterprise sectors have gained from the adoption of electronics powered by state-of-the-art semiconductors. Silicon wafers have been cut, polished, cut smoothened, and redesigned to meet the requirements of electronics in the digital appliances, wearable devices, smartphones, and servers and cloud data centers.
Tech Innovation in Silicon Wafer Market Paves Way to Next-gen Microelectronics and MEMS
Semiconductor Manufacturers Gain from State-of-the-art Microfabrication Methods
The key to utilization of silicon wafers in microelectronics and MEMS is the use of cutting-edge microfabrication methods. A case in point is semiconductor companies benefitting from special cracking techniques to develop silicon-on-insulator substrates, with electrical discharge machining techniques being a prominent example. The silicon wafer market is thus witnessing new frontiers in microelectronics and MEMS. These methods have been used for silicon wafers thinning to as much 50 μm. Thin wafers find promising use in new generation of solar PV cells. As investments on solar energy product spiral into new heights in developing and developed economies in the near future, the need for high-purity silicon wafers will only get more intense, thus opening up new revenue streams for players in the semiconductor industry.
Production of Automotive Electronics to Expand Silicon Wafer Market Share
Globally, Asia Pacific has been a remarkably lucrative region for companies in the silicon wafer market. Rise in demand for semiconductors for next-gen automotive electronics presents an incredible value-grab opportunity. The sales as well consumption of the products are poised to grow, expanding the source of revenues for automotive wafer manufacturers. China has been estimated to lead silicon wafer production by country in Asia.
Another concern that has gained groundswell of attention among companies across the value chain is the pervasive shortage of chips. Industry players are contending with the problem. They are geared toward expanding the capacity to meet the burgeoning demand for semiconductor in end-use industries.
The repercussions have been felt not just one end-use industry. However, perhaps most prominently, automakers are reeling under the cascade effects of the chips shortage, as these are massively used in a wide spectrum of automotive systems. Nonetheless, to countervail the forces of demand-supply mismatch won’t be easy, without doubt.
One strategy that leading manufacturers of the silicon wafer market are mulling is optimizing wafer manufacturing process. The objective is to develop wafers of high quality, reliability, and efficiency cost-effectively and at a faster pace.
Innovative technologies will lead the way forward. An advanced embedded vision technology by Basler is assisting NXP Semiconductors, a prominent Dutch semiconductor manufacturing company, for making automated visual inspection of silicon wafers churned out of their factories before these leave the facility. Ongoing R&D in industrial automation including in cutting-edge vision technologies will expand the frontiers in the silicon wafer market.