Global Silicon Wafers Market: Overview
In the last decade, digitalization has led to various innovations in the field of electronics, and has opened doors for many technologically advanced devices and gadgets. There has been a considerable rise in the demand for smart phones, laptops and computers, and this in turn has led to the growth of the silicon market. Silicon is a high quality semiconductor and its silicon crystals can be altered as and when desired, making it suitable for various electronic devices. Silicon wafers can be molded in various sizes to be used for different applications, also they have the ability to be processed in specialized ways. They are mainly used in the fabrication of photoelectric cells, integrated circuits (ICs), and other micro-devices.
Due to their small size, easy replacement, high reliability, low weight, and low power consumption silicon wafers are extensively used in daily electronics such as calculators and laptops, ship equipment, solar cells, such as and space craft’s among others.
In the report, Transparency Market Report (TMR) provides a detailed analysis of the opportunities present in the silicon wafers market across the world. It also gives insight into the current trends in the market, industry growth drivers, and restraints.
Global Silicon Wafers Market: Drivers and Restraints
Every now and then, new technological advancements are being made. The electronic market is booming with the advent of new gadgets and devices. To meet the growing demand, silicon wafers are brought in use on a daily basis. What makes the silicon market grow at an exponential speed is the semiconductor properties of silicon. The silicon market has expanded considerably as the number of semiconductor manufacturers is growing at a significant pace.
The rising disposable income of consumers in developing regions of Asia Pacific is another factor that is driving the silicon wafer market. One can see a favorable upward shift in the disposable income of the consumers leading to increased demand of advanced technological gadgets such as computers, laptops, and smartphones.
Solar cell manufacturers are also contributing to the growth of the silicon wafers market. The increased solar PV installations in many parts of the world are expected to raise the demand for the silicon wafers market.
Though the demand for the silicon market is on rise, there are a few factors that pose threat to the growth of the market. The by-products released during the production of silicon wafers are hazardous and do not comply with environmental policies of many countries. Also, lengthy process increases the production cost, and recycling of silicon wafers can be financially draining due to high components involved during the process. In addition, silicon thin films are less bulky, lighter and economically more viable in terms of production and usage, replacing the silicon wafers at a remarkable speed.
Global Silicon Wafers Market: Regional Outlook
Due to increased disposable income of consumers, Asia Pacific leads the global silicon market. The growing population also keeps the demand for electronic gadgets and devices constantly high, subsequently leading to the growth of the silicon wafers market.
The low-cost of wafers used in manufacturing solar cells has also created a market for silicon wafers in the North American region. This market is expected to grow at a fast pace, adding to the market share revenue, globally. The need for safe, reliable, and clean energy source in various countries is likely increase the demand for solar cell, in turn helping the market of silicon wafers to develop.
Companies Mentioned in Report
The key players of the silicon wafers market include Renewable Energy Corporation, Shin-Etsu Handotai Co. Ltd., Siltronic AG, MEMC Electronic Materials Inc., LG Siltron Inc., and SUMCO Corp. among others.
Silicon Wafers Market Segmented by Geography
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments