Semiconductor Wafers Market to Exceed USD 29.53 Billion by 2032 Driven by Demand for Advanced Electronics and IoT

The Semiconductor Wafer Market is set to grow due to rising demand for high-performance electronics, miniaturization, and IoT proliferation.

AUSTIN, TX, UNITED STATES, January 23, 2025 /EINPresswire.com/ -- Market Size & Industry Insights

As Per the SNS Insider,“The Semiconductor Wafers Market size was USD 19.5 Billion in 2023 and is expected to reach USD 29.53 Billion by 2032, growing at a CAGR of 4.72% over the forecast period of 2024-2032.”

Surge in Semiconductor Wafer Market Driven by Consumer Electronics, IoT, and Automotive Sectors

The semiconductor wafer market has experienced exponential growth, mainly driven by the growing demand for ultra-thin assets and the widespread adoption of consumer electronics. Also, the growth of the Internet of Things and transistors' miniaturization, as per Moore's Law, resulted in a necessity for larger wafers like 300mm. Wafers' use in ADAS, autonomous, and electric vehicles by the automotive sector also boosts the market expansion. Challenges such as production constraints are present, but the advancements in wafer production and the increasing usage of mobile devices provide significant opportunities, especially in mobile and industrial applications.

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SWOT Analysis of Key Players as follows:
- Shin-Etsu Handotai
- Siltronic AG
- SUMCO Corporation
- SK Siltron Co. Ltd
- Wafer Works Corporation
- GlobalWafers Singapore Pte. Ltd
- Tokuyama Corporation.
- Marvell Technology Group
- Xilinx Inc.
- Qualcomm
- Okmetic
- Advanced Micro Devices Inc

Segment Analysis

By Product

In 2023, the Memory segment in the semiconductor industry is the dominant player, The increasing demand for high-performance computing and AI applications has fueled this rise. Leaders such as Samsung, SK Hynix, and Micron are leveraging this trend since the need for faster, larger storage solutions has surged with the rise of data-intensive technologies.

The Analog segment is experiencing the fastest growth in the forecasted period 2024-2032, though not as rapidly as the Memory segment. The main driver for this growth is the increasing use of analog components in a variety of electronic devices. Analog components such as sensors, amplifiers, and voltage regulators are important to convert real-world signals into data that can be processed by digital systems.

By Application

The Consumer Electronics segment currently dominates in 2023, fueled by the ongoing demand for smartphones, laptops, and other smart devices. Consumer electronics drive a significant portion of global semiconductor sales due to the increasing need for advanced processors, memory, and sensors.

The Automotive segment is the fastest-growing in the forecasted period, driven by the rise of electric vehicles (EVs), autonomous driving technologies, and advanced safety features. The adoption of semiconductors in the automotive industry is growing rapidly, with increased demand for power management, sensors, and microcontrollers. Overall, while Consumer Electronics remains dominant, Automotive is experiencing the highest growth rate.

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KEY MARKET SEGMENTS:

By Diameter
Less than 150 mm
200 mm
300 mm and above (450mm,)

By Product
Logic
Memory
Analog
Other Products

By Application
Consumer Electronics
Industrial
Telecommunication
Automotive
Other Applications

Regional Development:

North America is a significant player in the semiconductor wafer market in 2023, primarily due to its strong presence of fabless semiconductor companies such as Apple, AMD, Broadcom, Qualcomm, and NVIDIA. These firms design advanced chips but outsource their fabrication. North America has invested heavily in the development of semiconductor wafer foundries and is likely to become a leading player in the global wafer market.

For example, Apple has committed to investing $350 billion into the U.S. economy by 2023, which includes job creation and investments in semiconductor production. This is expected to drive demand for semiconductor wafers and boost regional market growth.

In 2023, the Asia-Pacific region is also pivotal in the semiconductor wafer market due to its dominance in consumer electronics manufacturing. The major companies, including Samsung and LG, are headquartered in this region. The demand for wafers is closely related to the production of smartphones, laptops, and other consumer electronics. Asia offers a highly competitive manufacturing ecosystem with significant cost advantages, attracting global foundries to set up wafer fabrication plants.

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Recent Developments:

-In May 2024, Samsung Electronics announced plans to invest USD 17 billion in a new semiconductor fabrication facility in Texas, USA. This facility will focus on producing advanced 3nm wafers to meet the increasing demand for high-performance chips.
-In April 2024, GlobalFoundries and Soitec entered into a collaboration to develop a new generation of 200mm silicon-on-insulator (SOI) wafers. SOI wafers offer distinct advantages for radio frequency (RF) devices used in 5G and automotive applications, thus accelerating the adoption of this technology.

Table of Content - Major Points Analysis

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Research Methodology

Chapter 4. Market Dynamics Impact Analysis

Chapter 5. Statistical Insights and Trends Reporting

Chapter 6. Competitive Landscape

Chapter 7. Semiconductor Wafers Market Segmentation, by Diameter

Chapter 8. Semiconductor Wafers Market Segmentation, by Product

Chapter 9. Semiconductor Wafers Market Segmentation, by Application

Chapter 10. Regional Analysis

Chapter 11. Company Profiles

Chapter 12. Use Cases and Best Practices

Chapter 13. Conclusion

Continued…

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Akash Anand
SNS Insider
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