USD 10.58 billion
Report ID: SQSG45N2005 | Region: Global | Published Date: July, 2023 | Pages: 239 | Tables: 63 | Figures: 65
Single Crystal Silicon Wafers Market size was valued at USD 10.58 billion in 2021 and is poised to grow from USD 11.16 billion in 2022 to USD 17.63 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).
Semiconductor silicon wafers are an important component of integrated circuits used in computers, cell phones, and a wide range of other devices. A single crystal silicon wafer has a very high semiconductor quality, making it ideal for the production of such circuits. Solar-powered photovoltaic (PV) installations are seeing a lot of attention in countries across North America and Asia Pacific, various new projects of solar farming are coming into picture. The growing demand of single crystal silicon wafers in PVs to provide more output per construction area, will rise the demand of single crystal silicon wafers market globally.
US Single Crystal Silicon Wafers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.58 billion
Portable Computing Devices
Portable Computing Devices
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Single Crystal Silicon Wafers Market is segmented based on the type, application, and region. Based on the type, Single Crystal Silicon Wafers Market is bifurcated into CZ method, and FZ method. Based on application, Single Crystal Silicon Wafers Market is segmented into consumer electronics, portable computing devices, automotive, and others. Based on region Single Crystal Silicon Wafers Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Single Crystal Silicon Wafers Market Analysis by Application
The global single crystal silicon wafers market is segmented based on application into consumer electronics, portable computing devices, automotive, and others. The portable computing devices is anticipated to hold the largest share in the market. While companies like Intel manufacture a lot of their own chips, they and others, including computing giants AMD and Nvidia often rely on contract manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC) for chip production. As per Semiconductor Equipment and Materials International, silicon wafer shipments edge higher in the first quarter of 2021, increased by 4% to 3,337 million square inches. Moreover, when compared to year-to-date shipments, silicon wafer shipments increased by 14% from Q1 of 2020, attributing to the growing demand from vital components of electronics goods, including computers, telecommunications products, and consumer electronics.
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The global single crystal silicon wafers market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia Pacific region is expected to account for the largest market with more than 70% share in 2021. Taiwan, followed by South Korea, Japan, and China have highest wafer installation capacities of 4,126 kw/m, 4,033 kw/m, 3,168 kw/m, and 2,361 kw/m respectively in 2018. TSMC in Taiwan, and Samsung & SK Hynix in South Korea accounted for the vast share of wafer capacity in each country and these were the top three capacity leaders worldwide. TSMC held 68% of Taiwan’s capacity while Samsung and SK Hynix represented 93% of the installed IC wafer capacity in South Korea at the end of 2020. Furthermore, the availability of low labour costs is expected to increase demand for single crystal silicon wafers market. Moreover, the market is being driven by a significant increase in demand for consumer electrons in this region. North America came in second to Asia Pacific in the single crystal silicon wafer market. The North American single crystal silicon wafer market is being driven by rising demand for low-cost wafers used in the production of solar cells. The increased presence of key solar cell manufacturers in North America is expected to drive demand for single crystal silicon wafers.
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Single Crystal Silicon Wafers Market Driver
Rise In Demand for Consumer Electronics, Portable Computing Devices, And Solar Cells
Single Crystal Silicon Wafers Market Challenges
High prices and hazardous by-product
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The single crystal silicon wafers market is highly competitive market. The market is share hold by some of the leading industry players. With the growing demand of single crystal silicon wafers in solar panels, many companies and organizations are looking into enter this space. The growing research and advancements in production method leads to increase the investment and funding activities in the market. Currently, several unconventional wafer approaches were piloted or commercialized in industry, but none has yet sustained widespread market adoption. Due to this reason, the new manufacturers are stepping up with higher investments in order to produce new advanced wafers, which will be more improved with lesser cost as compared to conventional wafers.
Single Crystal Silicon Wafers Market Top Players Company Profiles
Single Crystal Silicon Wafers Market Recent Developments
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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global single crystal silicon wafers market analysis, the oversupply of single crystal silicon wafers in the industry had therefore resulted in a price decline, on an YTD price from 2020 to 2021. However, the weekly prices are in a rising trend since Q1 of 2021, and prices have seen a ripple effect of previous surge, having increased rapidly every week. On the other hand, the rising photonic projects all around the globe, have also increased the demand of single crystal silicon wafer at a rapid pace. In April 2020, the Group announced to expand its monocrystalline wafer capacity to 75 GW by the end of 2020, from 42 GW in 2019, accelerating and boosting its earlier plan for 65 GW by the end of 2021.
|Market size value in 2021||USD 10.58 billion|
|Market size value in 2030||USD 11.16 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Single Crystal Silicon Wafers 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 Global Single Crystal Silicon Wafers 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.
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