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The market for silicon wafers was estimated to be worth USD 10.24 billion in 2022 and is anticipated to increase to USD 18.96 billion by 2030, rising at a CAGR of 6.8% from 2023 to 2030. Integrated circuits (IC), MEMS fabrication, detectors or sensors, and opto-electronic components are just a few of the businesses that employ it. Due to the fact that semiconductor devices or chips are produced on silicon wafers, these substrates serve as the fundamental components of semiconductors. After then, these semiconductors are utilized in a variety of electronic gadgets, including computers, consumer electronics, telecommunications equipment, etc.

Technologically advanced nodes are being developed by semiconductor makers in response to the rising demand for sophisticated electronic devices that can support a variety of applications. As a result, major participants in the semiconductor sector are spending money on R&D initiatives to increase manufacturing effectiveness. They are also switching from a tiny to a large size technological node, which is necessary to improve the device's performance and reduce its power consumption capabilities. Therefore, it is anticipated that economic benefits, such as a decrease in cost per die with different wafer size transitions, will have a significant impact on the worldwide silicon wafer market.

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Global Silicon Wafer Market: Segmentation Analysis

• Silicon Wafer Market, By Size
  150mm
  200mm
  300mm
  450mm
  
  
• Silicon Wafer Market, By Application
  Solar cells
  Integrated Circuits
  Photoelectric Cells
  Others
  
  
• Silicon Wafer Market, By Geography
  North America
  Europe
  Asia Pacific
  LAMEA

Key Players:

Some of the companies covered in the report include:

1. SK Siltron Co., Ltd.
2. Sumco Corporation
3. Tokuyama Corporation
4. Virginia Semiconductor, Inc.
5. Wafer Works Corporation
6. GlobalWafers Singapore Pte. Ltd
7. Okmetic Oy
8. Shanghai Simgui Technology Co. Ltd.
9. Shin-Etsu Chemical Co., Ltd
10. Silicon Materials, Inc

Regional Analysis:

The Global Silicon Wafer Market is divided into North America, Europe, Asia Pacific, and the Rest of the World based on regional analysis. The largest market in 2015, where more than 74.0% of the world's recycled wafers were sold, was Asia Pacific. The region is expected to grow significantly because to the rapidly expanding electronic industries in China, Thailand, India, South Korea, and Taiwan.

Outlook & Recent Development:

The rising cost of silicon wafers, their rising demand for use in the manufacture of chips or microchips used in electronic devices, and the expanding use of silicon wafers to monitor equipment status and process conditions in semiconductor manufacturing processes are all expected to boost the global silicon wafer market. Silicon is a vital and outstanding material used in the manufacture of semiconductors. High-volume chip manufacturers use the cost-effective strategy of reclaiming the wafers to showcase previously used silicon substrates.

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