Thin Wafers Market to Reach US$ 21.65 Bn by 2031; Growing Adoption of Ultra-thin Silicon Wafers to Propel Sales: TMR Study
ALBANY, N.Y., Jan. 5, 2022
- Application of glass wafers in micro-electromechanical systems (MEMS) to drive revenue gains; thin wafers gathering traction in fabrication of optical semiconductor devices
- North America a potentially lucrative thin wafer market; growing use of nanotechnology for semiconductor thin film design optimization to open new revenue streams
ALBANY, N.Y., Jan. 5, 2022 /PRNewswire/ -- Thin wafers are gaining adoption as a flexible substrate for the production of ultra-thin semiconductors that are used in multiple electronics end-use applications. They are extensively used in a range of power devices and CMOS image sensors that find application in IT & telecom, automotive, and consumer electronics. The adoption of thin wafers notably 100um-200um wafers in telecom applications has been generating sizable revenue streams for players in the thin wafers market.
Advancements in nanotechnologies have enabled end users to incorporate them in various micro electro mechanical systems (MEMS) designs in order to cater to high-performance flexible electronics. A case in point is the use of ultra-thin chips in next-gen telecom & IoT products that require ultra-low loss radio frequency (RF) specifications.
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The global thin wafers market is projected to reach valuation of US$ 21.65 Bn by 2031. Stakeholders are witnessing substantial avenues in the demand for glass wafers in engineering of displays and display glass inspection systems. The adoption is underpinned by a few unique advantages such as better warp management, optimization of processes, and reduced electric loss.
North America is projected to contribute substantial revenue to the global thin wafers market over the next few years. The growth is likely to be fueled by rise in production of semiconductor wafers in the region.
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Key Findings of Thin Wafers Market Study
Growing Uptake of Ultra-Thin Semiconductors in Automotive Industry to Steer Market Growth: Micro-electro-mechanical systems are widely used in various automotive applications, such as in accelerometers, gyroscopes, and tire pressure monitoring systems. The growing trend of incorporation of electronics for safety features is bolstering the applications of semiconductor wafers in automotive chips. This has been propelling the demand for semiconductor wafer manufacturing for fabrication of MEMS devices. Evidently, the opportunities are vast in electric vehicles, pivoted on the growing production and adoption of these in developed and developing regions of the world.
Numerous Applications of Optical Semiconductor Devices in IT & Telecommunications & Consumer Electronics: The demand for optical semiconductor devices in telecommunications and consumer electronics is anticipated to offer incremental opportunities to thin wafer suppliers. Optical semiconductor devices are subject to a variety of process control and qualification tests with the help of wafer inspection technologies that eventually lead to the production of high-quality electronics. The need for next-gen optical semiconductor devices in IT & telecom sector, including light-emitting diodes and photodiodes, is expected to generate sizable revenue streams, notes the study on the thin wafers market. Furthermore, the adoption of new technologies notably ultrasonic cleaning of thin wafers in semiconductor manufacturing industry is propelling the prospects of the market.
Ultra-thin Wafers to Lead to Cost Reduction of Solar Cells: Thin wafers are underpinning the optimization of innovative semiconductor thin film designs. Of note, ultra-thinned silicon wafers are gaining attention across the solar energy industry, as their application holds potential in the fabrication of low-cost solar cells. Additionally, the use of thin film nanotechnologies in thin wafers has led to improvements in the light management in solar cells, such as in increased absorption and retention of sunlight. For instance, nanophotonic structures are being pursued by solar industry players for fabricating ultra-thin crystalline silicon solar cells, thus underpinning substantial growth opportunities for players in the thin wafers market.
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Thin Wafers Market: Key Drivers
Growing trend of miniaturization of optoelectronic systems to meet the requirements of wireless systems and MEMS is a key pivot for R&D in thinning of wafers. The trend has spurred the growth prospects of the thin wafers market. A case in point is the use of miniaturized optoelectronic systems for wireless optogenetics.
Rapid pace of commercialization of electric vehicles and plug-in hybrid vehicles in several developing and developed economies has spurred interest in thin wafer technologies. The demand is a key underpinning for substantial opportunities for semiconductor wafer manufacturers.
Thin Wafers Market: Key Players
Some of the key players in the thin wafers market are SOITEC, Hangzhou Semiconductor Wafer Co., Ltd., Okmrtic, Shin-Etsu Chemical Co., Ltd., GlobalWafers Co., Ltd., SK siltron Co.,Ltd, Siltronic AG, and SUMCO Corporation.
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Global Thin Wafers Market: Segmentation
Thin Wafers Market, by Thickness
Below 10 um
10 um - 29 um
50 um- 99 um
100 um - 200 um
Above 200 um
Thin Wafers Market, by Wafer Size
Below 100 mm
Thin Wafers Market, by Material
Silicon (Si)
Gallium Arsenide (GaAs)
Others (Indium, etc.)
Thin Wafers Market, by Application
Interposer
Others (Radio Frequency Devices, Logic, etc.)
Thin Wafers Market, by End-use Industry
IT and Telecom
Others (Energy, Industrial, etc.,)
Thin Wafers Market, by Region
Middle East & Africa (MEA)
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