USD 19.19 Billion
Semiconductor Wafer Market Size, Share, Growth Analysis, By Wafer size(150mm, 200mm, 300mm, and 450mm), By Application(Consumer Electronics, Automotive, and Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2053 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
64
|Figures:
75
Semiconductor Wafer Market Insights
Global Semiconductor Wafer Market size was valued at USD 19.19 Billion in 2022 and is poised to grow from USD 20.23 Billion in 2023 to USD 30.89 Billion by 2031, at a CAGR of 5.43% during the forecast period (2024-2031).
The global semiconductor wafer market has witnessed significant growth in recent years due to the increasing demand for electronic devices and technological advancements in the semiconductor industry. A semiconductor wafer, also known as a silicon wafer, is a thin slice of semiconductor material used as the substrate for the fabrication of integrated circuits (ICs) and other electronic components. One of the key drivers for the growth of the semiconductor wafer market is the growing adoption of smartphones and other consumer electronic devices. These devices require advanced ICs that can provide enhanced performance and functionality, thereby fueling the demand for semiconductor wafers. Additionally, the rising popularity of Internet of Things (IoT) devices and the increasing deployment of 5G technology are also contributing to the market growth. Moreover, the automotive industry is another major consumer of semiconductor wafers. The integration of advanced electronics and semiconductor components in modern vehicles has increased significantly, driven by the need for safety features, infotainment systems, and electric vehicle technology. Geographically, Asia Pacific dominates the global semiconductor wafer market, mainly due to the presence of key semiconductor manufacturing hubs in countries like China, South Korea, and Taiwan. These regions are known for their high-volume production of semiconductor wafers, supported by favorable government policies and investments in semiconductor infrastructure.
US Semiconductor Wafer Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
300mm
Fastest Growth
300mm
Growth Rate
5.43% CAGR
Global Semiconductor Wafer Market ($ Bn)
Country Share for North America Region (%)
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Semiconductor Wafer Market Segmental Analysis
The Global semiconductor wafer market is segmented by wafer size, application, and region. Based on wafer size, the market can be segmented into 150mm, 200mm, 300mm, and 450mm. Based on application, the market is segmented into consumer electronics, automotive, and industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Wafer size
By wafer size, the market can be segmented into 150mm, 200mm, 300mm, and 450mm. The 300mm segment currently dominates the semiconductor wafer market. Also known as 12-inch wafers, they have become the mainstream size in recent years. The dominance of the 300mm wafers can be attributed to several factors. Firstly, the larger wafer size allows for higher production capacity and increased yield, resulting in cost efficiency and economies of scale for semiconductor manufacturers. Additionally, 300mm wafers enable the integration of more components on a single wafer, supporting the production of advanced semiconductor devices with greater functionality and performance. As a result, the 300mm segment has garnered a significant market share due to its established infrastructure, widespread adoption, and manufacturing advantages.
Although still in the early stages of adoption, the 450mm wafer segment is considered the fastest growing in the semiconductor wafer market. With a diameter of 18 inches, 450mm wafers are being developed to meet the increasing demand for advanced semiconductor devices and address the limitations of smaller wafer sizes. The larger wafer size allows for higher production efficiency, increased productivity, and reduced manufacturing costs per unit. As the industry continues to push the boundaries of semiconductor technology, the transition to 450mm wafers is expected to provide significant benefits in terms of scalability, improved yields, and economies of scale. While the market share of 450mm wafers is currently relatively small, ongoing research and development efforts, along with investments in manufacturing facilities, are driving the growth of this segment.
Analysis by Application
By application, the market can be segmented into consumer electronics, automotive, and industrial. The consumer electronics segment currently dominates the semiconductor wafer market. This segment includes semiconductors used in devices such as smartphones, tablets, laptops, wearables, and home appliances. The dominance of consumer electronics can be attributed to the widespread adoption of these devices globally and the continuous demand for more advanced and feature-rich products. The increasing integration of semiconductor components in consumer electronics, driven by technological advancements and evolving consumer preferences, has led to a significant market share for this segment. Additionally, the growing demand for high-performance processors, memory chips, and sensors in consumer electronics further contributes to the dominance of this segment in the semiconductor wafer market.
The automotive segment is experiencing rapid growth in the semiconductor wafer market. The increasing adoption of advanced driver-assistance systems (ADAS), infotainment systems, electric vehicles (EVs), and autonomous driving technologies is driving the demand for semiconductor components in the automotive industry. Semiconductors play a crucial role in enabling connectivity, sensor integration, power management, and safety features in modern vehicles. The shift towards electrification and the integration of advanced technologies in automobiles have propelled the growth of this segment, making it one of the fastest growing in the semiconductor wafer market.
Global Semiconductor Wafer Market By Application
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Semiconductor Wafer Market Regional Insights
North America has traditionally been a dominant player in the semiconductor market, driven by the presence of major semiconductor companies and technological advancements. The region is home to several leading semiconductor manufacturers, including Intel Corporation, Qualcomm Incorporated, and Texas Instruments Incorporated, among others. These companies have a strong presence in the market and contribute significantly to the region's dominance.
APAC has emerged as the fastest-growing region in the global semiconductor market. Countries like China, South Korea, Japan, and Taiwan are major contributors to this growth. APAC dominates the semiconductor wafer market, with key foundries and semiconductor manufacturing facilities located in the region. China, in particular, has witnessed rapid growth in its semiconductor industry, driven by government initiatives and investments in semiconductor manufacturing. The country aims to become self-sufficient in semiconductor production and reduce its dependence on imports.
Global Semiconductor Wafer Market By Region
- Largest
- Fastest
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Semiconductor Wafer Market Dynamics
Semiconductor Wafer Market Drivers
Increasing demand for advanced technologies in emerging sectors
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One significant driver for the growth of the global semiconductor industry is the increasing demand for advanced technologies in emerging sectors such as artificial intelligence (AI), Internet of Things (IoT), and autonomous vehicles. These technologies require high-performance semiconductor devices to enable complex functionalities and data processing capabilities. As these sectors continue to expand and integrate semiconductor components into their systems, the demand for semiconductors is expected to rise, driving the growth of the industry.
Powering the Tech Revolution: The Rise of Consumer Electronics
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The global semiconductor wafer market is fueled by the ever-growing demand for consumer electronics. From smartphones and laptops to tablets and gaming consoles, these devices rely on complex chips built on silicon wafers. As features like high-resolution displays, advanced processors, and faster connectivity become standard, the need for more powerful and miniaturized wafers surges, driving market growth.
Restraints
Ongoing global shortage of semiconductor chips
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One notable restraint facing the global semiconductor industry is the ongoing global shortage of semiconductor chips. This shortage has been exacerbated by factors such as increased demand for electronic devices, supply chain disruptions, and geopolitical tensions. The shortage has led to supply constraints, delayed production cycles, and increased costs for manufacturers. As a result, industries heavily reliant on semiconductor chips, such as automotive, consumer electronics, and telecommunications, have faced challenges in meeting market demand, impacting overall industry growth.
Bottlenecked by Booms: A Constraint on the Global Semiconductor Wafer Market
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The global semiconductor wafer market, a critical component for electronics production, faces a major restraint: surging demand. While this booming demand signals a healthy industry, chip fabrication facilities are struggling to keep pace. This supply-demand imbalance is causing delays and price hikes, hindering production and potentially impacting the availability of consumer electronics.
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Semiconductor Wafer Market Competitive Landscape
The global semiconductor wafer market is characterized by intense rivalry among numerous players striving to gain market share and maintain a competitive edge. Companies in this sector focus on innovation, research and development, and strategic collaborations to stay ahead. They compete based on factors such as product performance, technological advancements, pricing, and customer relationships. Additionally, market players strive to expand their global presence, explore emerging markets, and adapt to evolving customer demands to effectively compete in this dynamic and rapidly evolving industry.
Semiconductor Wafer Market Top Player’s Company Profiles
- Samsung Electronics Co., Ltd. (South Korea)
- SK Hynix Inc. (South Korea)
- Qualcomm Incorporated (US)
- Broadcom Inc. (US)
- Texas Instruments Incorporated (US)
- NVIDIA Corporation (US)
- Advanced Micro Devices, Inc. (US)
- MediaTek Inc. (Taiwan)
- Infineon Technologies AG (Germany)
- Sony Corporation (Japan)
- Renesas Electronics Corporation (Japan)
- NXP Semiconductors N.V. (Netherlands)
- STMicroelectronics N.V. (Switzerland)
- Analog Devices, Inc. (US)
- Xilinx, Inc. (US)
- ON Semiconductor Corporation (US)
- Marvell Technology Group Ltd. (Bermuda)
Semiconductor Wafer Market Recent Developments
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In May 2023, Qualcomm announced a strategic partnership with Google to develop reference designs and software solutions for next-generation consumer devices based on Qualcomm's Snapdragon processors.
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In March 2023, Intel announced the launch of its new Alder Lake processors, featuring a hybrid architecture combining high-performance and high-efficiency cores for improved performance and power efficiency.
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In January 2023, TSMC unveiled plans to build a new semiconductor manufacturing facility in Japan, investing around $12 billion to expand its global manufacturing footprint.
Semiconductor Wafer Key Market Trends
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The increasing focus on miniaturization and the development of advanced process technologies: As the demand for smaller, more powerful electronic devices grows, semiconductor manufacturers are pushing the limits of technology to create smaller and more efficient chips. This trend involves the development of advanced lithography techniques, such as extreme ultraviolet (EUV) lithography, and the adoption of new materials and structures, such as 3D transistors and nanoscale architectures, to enhance performance, power efficiency, and packing density of semiconductor devices.
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Feeding the Need for Complex Devices: The rise of artificial intelligence, 5G, and other cutting-edge technologies is driving demand for increasingly intricate semiconductors. These advancements require specialized wafers with superior electrical properties, higher purity, and enhanced crystal structures. The future of the wafer market lies in catering to this need for complexity and diversity in chip production.
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Digitization Revs Up Demand: The ever-growing adoption of mobile devices, electric vehicles, and advanced driver-assistance systems (ADAS) is fueling the demand for semiconductor wafers. As more aspects of our lives become digitized, the need for powerful and efficient chips continues to surge. This trend is particularly evident in the automotive industry, where the shift towards electric and autonomous vehicles relies heavily on advanced semiconductor technology.
Semiconductor Wafer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global semiconductor wafer market is experiencing significant growth driven by factors such as the increasing demand for electronic devices, advancements in technology, and the emergence of new sectors like AI and IoT. However, the industry also faces challenges, including the ongoing chip shortage, supply chain disruptions, and geopolitical tensions. Key players in the market are engaged in intense competition, focusing on innovation, research and development, and strategic collaborations. The industry is witnessing trends like miniaturization and the development of advanced process technologies to meet the demand for smaller and more powerful devices. Geographically, North America remains a dominant force, while APAC is the fastest-growing region, bolstered by strong domestic demand and government support. The semiconductor industry is poised for continued growth, driven by advancements in technology, increasing connectivity, and the integration of semiconductors into various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.19 Billion |
| Market size value in 2031 | USD 30.89 Billion |
| Growth Rate | 5.43% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Semiconductor Wafer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Semiconductor Wafer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Semiconductor Wafer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Semiconductor Wafer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Semiconductor Wafer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Semiconductor Wafer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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