June 07, 2022 03:23 ET | Source: Research and Markets Research and Markets
Dublin, June 07, 2022 (GLOBE NEWSWIRE) -- The "Global Single Crystal Silicon Wafers Market, By Type, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global single crystal silicon wafers market was valued at USD 10,586.65 Million in 2021, and it is expected to reach a value of USD 14,597.32 Million by 2027, at a CAGR of more than 5.50% over the forecast period 2022 - 2027
The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.
With semiconductors emerging as the building blocks of all modern technology, the innovations and advancements in this field directly impact all-downstream technologies. Semiconductor silicon wafer remains the core component of many microelectronic devices and forms the cornerstone of the electronics industry.
With digitization and electronic mobility being the current trends in the technology landscape, these products are finding applications in many devices. Also, the demand for small-sized gadgets has increased the need for more functionalities from a single device. This means that an IC chip now should house more transistors to support more features. .Industrial wearables could be a massive market as these devices enhance quality and safety in the processing industry. According to our analysis, 40-50% of manufacturers globally are expected to adopt wearables by 2022. Also, the demand for small-sized gadgets has raised the need for more functionalities from a single device.
This indicates that an IC chip now should house more transistors to support more functionalities. Favorable government policies across emerging economies like China created enormous opportunities for the semiconductor industry, which is expected to expand the semiconductor silicon wafer market's scope during the forecast period.
For instance, the policy framework published by the State Council of the People's Republic of China aims to make advanced semiconductor packaging solutions a technology priority across the semiconductor industry.
The single-crystal silicon wafers market is moderately fragmented, due to many companies operating in the industry.
The key players in this market include
Key Topics Covered: Executive Summary Market overview
Global Single Crystal Silicon Wafers Market by Type
Global Single Crystal Silicon Wafers Market by Application
For more information about this report visit https://www.researchandmarkets.com/r/98ru36