Thin Wafer Market Poised to Garner Maximum Revenues During 2021-2027
The thin wafer market is anticipated to be driven by mounting demand for AI-chipsets in the automotive sector.
The thin wafer market is anticipated to be driven by mounting demand for AI-chipsets in the automotive sector. AI chipsets when used in automotive applications can promote high-performance and energy efficiency. As electric vehicles are steadily replacing traditional IC engine vehicles worldwide given to concerns like spiking emission levels, the demand for automotive electronics to likely spur at a stellar rate in the coming years.
OEM’s in the automotive industry are focusing on the development of self-driving & autonomous vehicles that are integrated with ADAS technology. Initiatives to improve road safety is expected to anchor the adoption of automotive technologies, increasing the demand for AI-based modules and chipsets.
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According to a report published by GMI, the thin wafer market is projected to surpass USD 9.5 billion by 2027.
Here are some of the factors that could influence the projected growth:
Rising demand across Europe
The Europe thin wafer industry is projected to register a CAGR of 6.5% from 2021 to 2027. The region composes of the presence of some of the major semiconductor manufacturers worldwide such as Siltronic AG, Nexperia, X-fab, Infineon Technologies AG, GlobalFoundries, and STMicroelectronics among others. Supportive government initiative along with rising investments could further develop new opportunities for wafer manufacturing in Europe. In December 2018, the European Commission along with the UK, France, Germany, and Italy announced a joint project for new R&D and innovation in the fields of microelectronics and semiconductors.
R&D in wafer technology
Organizations operating in the thin wafer market include SK Siltron Co., Ltd., Shanghai Simgui Technology Co., SOITEC, Siltronic AG, Ltd., University Wafer, Inc., Global Wafers, SUMCO CORPORATION, Shin-Etsu Chemical Co., Ltd., and Silicon Valley Microelectronics, Inc., among others. Some of these companies are investing in R&D activities and launching novel products to stay competitive in the market. One example being GlobalWafers signing a Memorandum of Understanding (MOU) with GlobalFoundries to develop a long-term supply agreement for 300mm SOI (silicon-on-insulator) wafers in 2020.
Impact of COVID-19 on the industry
The COVID-19 pandemic has severely impacted the thin wafer market growth. Due to strict lockdowns imposed by the government, the import and export of raw materials was severely hampered. As the major manufacturing industries were completely dependent on China for electronic hardware, businesses worldwide incurred heavy loss. For fixing this issue, companies are now investing in establishing their own production facilities which is expected to add impetus to the thin wafer industry in the coming years.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definition
1.2 Methodology and forecast parameters
1.3 Data Sources
Chapter 2 Executive Summary
2.1 Thin wafer market 3600 synopsis, 2016–2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Thickness trends
2.1.4 Wafer size trends
2.1.5 Process trends
2.1.6 Application trends
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