Thin Wafer Market size was over USD 13.6 Billion in 2023 and is projected to exceed USD 68.95 Billion by 2036, witnessing over 13.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of thin wafer is evaluated at USD 15.2 Billion. The growth of the market is propelled by the increasing generation of data. Every day, about 327 million terabytes of data are produced. To create microprocessors, memory chips, and other data processing and storing electrical devices, thin wafers are necessary. Thinner wafers allow manufacturers to create smaller, more energy-efficient devices that are better suited to handle enormous volumes of data.
The growing energy consumption also propels the demand for thin wafers. The total amount of US electricity used for end uses increased by 2.6% in 2022 compared to 2021. Retail power sales to the residential and commercial sectors increased by roughly 3.5% and 3.4%, respectively, in 2022 compared to 2021. Electronic devices made with thin wafers require less electricity to function than devices made with thicker wafers. This is for the reason that switching times may be sped up and power consumption may be reduced owing to the thinner dimensions of the transistors and other parts on the thin wafer.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
13.3% |
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Base Year Market Size (2023) |
USD 13.6 Billion |
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Forecast Year Market Size (2036) |
USD 68.95 Billion |
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Regional Scope |
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Application (MEMS, CMOS Image Sensors, Memory, RF Devices, LEDs, Interposers, Logic)
The LEDs segment in the thin wafer market is anticipated to gamer the highest revenue by 2036. The growth of the segment is led by the growing production of LEDs. While many nations started phasing out incandescent bulbs more than 10 years ago, several are currently starting to do the same with fluorescent lighting so that LEDs eventually become the dominant lighting technology. The semiconductor layers in the LED are made from these wafers, which are subsequently cut into tiny chips. The performance of the LED could be influenced by the wafer's thickness. Employing thinner wafers, such as those constructed of GaN or SiC, may enhance the performance of the power components used in LEDs, including the switching speed, thermal conductivity, and breakdown strength.
Type (125mm, 200mm, 300mm)
The 300mm segment in the thin wafer market is expected to have significant growth with a share of 50 % during the forecast timeline. The segmental growth is credited to the growing demand for consumer electronics. The exponential use of 300 mm wafers in LED applications is fueling the growth of the market globally owing to the better performance offered by these wafers. A significant rise in demand for 300mm wafers is set to lead to an increase in the number of active 300mm wafer manufacturing facilities. Achieving economies of scale and raising the profitability of these wafers is becoming increasingly important for top LED makers. Additionally, the expansion of the 300mm wafer manufacturing sector is being aided by the increasing number of operational facilities.
Our in-depth analysis of the global thin wafer market includes the following segments:
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Type |
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Application |
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APAC Market Statistics
The thin wafer market share in Asia Pacific is set to have the highest growth with a gain of 30 % by 2036. The adoption rate of smartphones reached about 73% in 2021 and is expected to increase to approximately 83 percent by 2025 in Asia Pacific. Increasing investment in R&D also propels regional market growth. With significant investments being made in solar energy infrastructure by nations including China, Japan, and India, the solar energy market is also expanding quickly in the Asia Pacific area. The manufacture of solar cells requires thin wafers, which are in high demand owing to the rising need for solar energy. Numerous nations in the Asia Pacific region, including China and India, have put favorable government policies into place to assist the expansion of the solar and electronics industries. The need for thin wafers is being fueled by these regulations, which offer incentives to firms to spend money on infrastructure and new technologies.
North American Market Forecast
The North American thin wafer market is poised to have the highest growth during the forecast timeframe. With an emphasis on creating more effective and environmentally friendly automobiles such as electric vehicle, the North American automotive sector is going through considerable changes. The manufacturing of sensors and other parts for automobile systems including anti-lock brake systems (ABS), airbags, and engine control systems uses thin wafers. The rising demand for cutting-edge automotive technology also impels the market. A combination of an aging population and advancements in medical technology are fueling a rapid expansion of the North American market for medical equipment.
Author Credits: Abhishek Verma
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