United States Silicon Wafer Manufacturing Market Size was valued at USD 3.9 Billion in 2022. The silicon wafer manufacturing market industry is projected to grow from USD 4.13 Billion in 2023 to USD 6.588 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024 - 2032). Some of the major market drivers are the expanding number of solar power plant installations, growing environmental concerns about the high carbon emissions from fuel-based power plants, and the rising demand for wireless computing devices.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Semiconductors are a crucial component of emerging technologies, and discoveries and developments in this area have a direct impact on a number of related technologies. Silicon wafers are the driving force behind emerging technologies and the digital revolution that is transforming industries and business processes. Their contribution to the advancement of consumer electronics and other microelectronic devices is significant. The increasing use of smart consumer electronics products and the spreading reach of 5G technology both have an impact on this. Nevertheless, expanding digitalization and electronic mobility in the semiconductor industry have created new development prospects for the silicon wafer manufacturing market.
Businesses are spending money on research to manufacture silicon wafers in an attempt to take advantage of opportunities in the communications, automotive, energy, and defense sectors. By providing high-quality wafers to satisfy their expanding demand, silicon wafer manufacturers are also maintaining price competitiveness in an effort to gain buffer growth. Furthermore, corporations are allocating resources to augment their production capabilities in order to fulfill the rapidly increasing demands of the consumer electronics and aerospace sectors. For instance, in March 2022, SK Siltron Co. released an announcement revealing its intention to invest US$1.05 trillion to expand its 300 mm silicon wafer manufacturing facilities over the next three years, with the goal of beginning mass production by 2024. The growth of the silicon wafer manufacturing market is anticipated to be positively impacted by these innovations and strategic activities by major players. Thus, driving the silicon wafer manufacturing market revenue.
The United States Silicon Wafer Manufacturing market segmentation, based on wafer size, includes 0 - 100 mm, 100 - 200 mm, 200 - 300 mm, and More than 300 mm. The 200 - 300 mm segment dominated the market the most. The demand for thin wafers is being driven by the exponential increase in the use of 300 mm wafers in LED applications because of their higher yield. These wafers provide economies of scale and growing profitability that have become crucial for LED makers.
The United States Silicon Wafer Manufacturing market segmentation, based on type, includes N-type and P-type. The N-type category generated the most income. Power electronic components like transistors and diodes are made from N type silicon wafers. The expansion of the N Type category is attributed to the growing need for power electronics in a variety of applications, including industrial equipment, renewable energy systems, and electric vehicles. N-type silicon wafers are used in the production of solar cells, acting as the foundation onto which semiconductor layers are deposited.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The United States Silicon Wafer Manufacturing market segmentation, based on application, includes Solar Cells, Integrated Circuits, Photoelectric Cells, and Others. The solar cells category generated the most income due to the United States' growing embrace of solar energy. The recovered wafer is becoming more and more popular in the solar energy sector since it has no discernible impact on the yield or efficiency of silicon wafers. The foundation of the electronics industry, silicon wafer is still a vital component of many microelectronic devices.
The silicon wafer manufacturing market is anticipated to grow substantially with the support of the United States. This is mostly because silicon wafer players' main clients are fabless semiconductor businesses located in the area. Additionally, the United States electronics industry has been expanding steadily and makes up a sizeable portion of businesses that are involved in the design and fabless industries. Furthermore, the semiconductor and electronics industries have produced a significant amount of income, which is predicted to rise in the years to come. For instance, the United States Census Bureau reports that income from semiconductors and electronic components was USD100 billion in 2019 and is predicted to reach USD105 billion by the end of 2023. This can be linked to rising smartphone sales, which have played a significant role in the consumer electronics industry's revenue development. Major automakers have also set up shop in the area and are investing in the production of self-driving and electric automobiles. As a result, silicon wafer manufacturing may anticipate a constant flow of business from North America in the upcoming years.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the silicon wafer manufacturing market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the silicon wafer manufacturing industry must offer cost-effective items.
Major players in the silicon wafer manufacturing market are attempting to increase market demand by investing in research and development operations, includes Okmetic Oy GlobalWafers Singapore Pte. Ltd, Sumco Corporation, Shin-Etsu Chemical Co., Ltd, Silicon Materials, Inc., Tokuyama Corporation, Siltronic AG, SK Siltron Co., Ltd., Shanghai Simgui Technology Co. Ltd., Virginia Semiconductor, Inc., and Wafer Works Corporation.
GlobalWafers Singapore Pte. Ltd
Sumco Corporation
Shin-Etsu Chemical Co., Ltd
Tokuyama Corporation
Siltronic AG
SK Siltron Co., Ltd.
Shanghai Simgui Technology Co. Ltd.
Virginia Semiconductor, Inc.
Wafer Works Corporation
January 2022: One of the top providers of silicon wafers worldwide, GlobalWafers Co., adds about 20,000 advanced 12-inch wafers from regional fabs each month. According to GlobalWafers, the additions made to meet the high demand will cause capacity at plants in South Korea, Japan, Taiwan, and Italy to increase by 10% to 15%.
0 - 100 mm
100 - 200 mm
200 - 300 mm
More than 300 mm
N-type
P-type
Solar Cells
Integrated Circuits
Photoelectric Cells
Others
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.9 Billion |
| Market Size 2023 | USD 4.13 Billion |
| Market Size 2032 | USD 6.588 Billion |
| Compound Annual Growth Rate (CAGR) | 6.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Wafer Size, Type, Application, and Region |
| Countries Covered | United States |
| Key Companies Profiled | Okmetic Oy, GlobalWafers Singapore Pte. Ltd, Sumco Corporation, Shin-Etsu Chemical Co., Ltd, Silicon Materials, Inc, Tokuyama Corporation, Siltronic AG, SK Siltron Co., Ltd., Shanghai Simgui Technology Co. Ltd., Virginia Semiconductor, Inc., and Wafer Works Corporation |
| Key Market Opportunities | Increasing spending on Al and loT technologies |
| Key Market Dynamics | Rising consumer electronics demand Growing interest in renewable energy |
Frequently Asked Questions (FAQ) :
The United States Silicon Wafer Manufacturing market size was valued at USD 4.13 Billion in 2023.
The market is projected to grow at a CAGR of 6.00% during the forecast period, 2024-2032.
The key players in the market are Okmetic Oy, GlobalWafers Singapore Pte. Ltd, Sumco Corporation, Shin-Etsu Chemical Co., Ltd, Silicon Materials, Inc, Tokuyama Corporation, Siltronic AG, SK Siltron Co., Ltd., Shanghai Simgui Technology Co. Ltd., Virginia Semiconductor, Inc., and Wafer Works Corporation, among others.
The n-type category dominated the market in 2023.
The solar cells category had the largest share of the market.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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