Silicon Wafers Marketplace Leveraging Promising Automotive Industry
Posted by industryarc on August 9th, 2019
Global Silicon Wafers Market Outlook
Computing techniques have improved the lives of people. Today, humans depend on computers for minute to major tasks. Introduction of compact computers in the form of laptops, tablets, smartphones, and other wireless computing devices has tremendously eased the operations that one executes. Silicon wafer chips are used as a foundation to implement integrated circuits on such computing devices. As per the IndustryARC market research report, the global silicon wafers market size was 2.27 million as of 2018. And, according to the analysts, the market for silicon wafers is expected to grow at a healthy compound annual growth rate (CAGR) of 8.50% during the forecast period of 2019 to 2025. Robustly increasing opportunities in the electronics sector are responsible for the outstanding global silicon wafers market growth.
The report is titled “Silicon Wafers Market: By Wafer Size (150, 200, 300mm); By Doping Material (N-Type & P-Type); By Type (Epitaxial, Diffused, SOI); By End-Users (Consumer Electronics, Telecommunications, Automotive, Healthcare) & Geography - Forecast(2019 - 2025).” This report is inclusive of various market aspects such as overview, demands, growth, challenges, geography, and forecast.
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Global Silicon Wafers Market: Leading Segments
By region, the APAC region dominates the global silicon wafers market in 2018. The region is accounted to grab 32.36% of the global silicon wafers market share. The APAC is accounted for the largest share owing to its gigantic established manufacturing and production industry. Additionally, the incrementing opportunities in the automotive and electronics sector are causing silicon wafers market growth.
Considering the application, the consumer electronics segment is the leading application of the silicon wafers market. As per the analysts, the key application is increasing at a CAGR of 11.34% through to 2025. This growth can be augmented to the application areas of semiconductors in this segment. Moreover, the growing demands for solar energy will induce growth in the demands for solar cells and solar panels which subsequently will contribute profits to the global silicon wafers market.
Global Silicon Wafers Industry Analysis
Solar Power: Solar power is arguably the most efficient alternative energy that is fulfilling the global energy demands. According to the International Energy Agency , the aggregate solar PV capacity reached almost 398GW over 460 TWh, reflecting a growth of 2% of the global power output in 2017. Additionally, the World Economic Forum says the amount of solar power capacity anticipated to rise in the near future is equivalent to 70,000 new solar panels every hour. With such an emergence to commence solar energy at a vast scale, the wafer-based solar cells market is evaluated to witness huge profits.
Consumer Electronics: Consumer electronics is one of the highest growing industry among the other end-user industries. Semiconductor are an essential part of these electrical devices. Silicon wafer chips are building blocks of semiconductor wafers. According to the Semiconductor Industry Association , the global semiconductor sales increased by 13.7% to reach 8.8 billion as of 2018. The increasing demands in the electronics devices in evident to employ massive amounts of semiconductors which will subsequently withdraw profits in the silicon wafers market.
Global Silicon Wafers Market Trends
Global Silicon Wafers Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the automotive coatings market are Elkem AS, Addison Engineering, Renewable Energy Corporation, Shin-Etsu Handotai Co. Ltd, Siltronic AG, MEMC Electronic Materials Inc, LG Siltron Inc, Advance Semiconductor Inc, and SUMCO Corp.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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Joined: August 6th, 2019
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