Global Silicon Wafer Market Size Likely to Reach at a CAGR of 6.3% By 2033

As per the current market research conducted by the CMI Team, the global Silicon Wafer Market size is expected to record a CAGR of 6.3% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 20 Billion. By 2033, the valuation is anticipated to reach USD 34 Billion.

Silicon Wafer Market: Growth Factors and Dynamics

• Expansion of Renewable Energy: The shift to renewable energy sources, above all solar power, increases the demand for silicon wafers. Photovoltaic cells also transform sunlight into electricity, and they mainly make use of silicon wafers. This portends significant advancements in the solar energy sector and the expansion of the silicon wafer market.

• Advancements in Electric Vehicles: This is a shift in the automobile sector towards electric vehicles, and silicon wafers on which semiconductors are based will increase demand. EVs would require advanced chips for management of the battery, control of power, and autonomous features in driving, thus requiring more investments in the silicon wafer production line as well as technology.

• Technological Advancements: Silicon wafers continually improve through the development of larger sizes and advanced manufacturing techniques. Technological advancements lead to performance and efficiency improvement in semiconductor fabrication by cost-cutting and better yields that affect the general market trends.

• Environmental Regulations: Growing environmental awareness and legislation on waste management and sustainability in the semiconductor industry influence changes in market dynamics. Manufacturers are focusing increasingly on green modes of production and recycling initiatives about compliance with legislations that may bear upon the costs of operations and competition in the market.

Silicon Wafer Market: Partnership and Acquisitions

• In 2024, TSMC (Taiwan Semiconductor Manufacturing Company), announced plans to invest $10 billion to expand its wafer production facilities in Taiwan. This expansion seeks to improve capacity for advanced semiconductor manufacturing, hence meeting the increased demand for high-performance devices.

• In 2024, GlobalWafers finalized its acquisition of Siltronic AG, significantly enhancing its market position and production capabilities. This deal positions GlobalWafers as the world’s second-largest supplier of silicon wafers.

• In 2022, The Showa Denko Group launched mass production of 6-inch silicon carbide single-crystal wafers, essential for SiC-based power semiconductors, addressing the growing demand in sectors like electric vehicles.

Report Scope

Silicon Wafer Market: COVID-19 Analysis

• Positive Impact: It is also seen that during the COVID-19 period, digital transformation took place at such a high speed that many of its sectors went through an effect of acceleration. Thus, with work-from-home and learning-at-home, there is increased demand for electronic products, such as laptops, tablets, and smartphones, requiring semiconductors that further increase the silicon-wafer demand. A significant boost from a pandemic-induced realization regarding well-balanced supply chains has prompted investments in the semiconductor manufacturing industry and contributed to the silicon wafer market.

• Negative Impact: The pandemic severely impacted the world’s supply chains, which led to significant production delays and even higher silicon wafer costs. With raw materials and labor shortages, lockdowns and restrictions affected all manufacturing facilities. This eventually resulted in longer lead times and fluctuations in wafer prices, which caused setbacks for semiconductor manufacturers and put them at a disadvantage in meeting the growing demand.

• Current Market Scenario: The silicon wafer market is recovering and witnessing a rebound in demand as electronics and renewable energy growth continues unabated. Challenges in supply chains continue to improve, though they are not yet resolved. Production capacity expansions are seen in manufacturers using newer technologies for better productivity. Overall, the vision for the market is on a positive trend; in fact, it increases more as the industries keep aligning towards the new world that is emerging post-COVID, and semiconductor demand will increase accordingly.

List of the prominent players in the Silicon Wafer Market:

• Shin-Etsu Handotai
• Siltronic AG
• SUMCO Corporation
• SK Siltron Co. Ltd
• GlobalWafers Co. Ltd
• GRINM Semiconductor Materials Co. Ltd
• Okmetic
• Wafer Works Corp.
• Addison Engineering Inc.
• Silicon Materials Inc.
• MEMC Electronic Materials
• LG Siltron
• TZS (Suzhou) Semiconductor Co.
• RTP Company
• Wuxi Xinte Silicon Industry Co.
• Others

The Silicon Wafer Market is segmented as follows:

By Wafer Size

• Less than 150 mm
• 200 mm
• 300 mm
• 450 mm

By Application

• Consumer Electronics
• Automotive
• Industrial
• Telecommunications
• Solar Cells

By Node Type

• 180 nm
• 130 nm
• 90 nm
• 65 nm
• 45 nm
• 22 nm
• 14 nm
• 7 nm
• 5 nm and below

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America