Global Semiconductor Silicon Wafer Market Estimated To Grow With A CAGR Of 0.94% during 2017-2022

Albany, New York, May 26 , 2017: The report on Semiconductor Silicon Wafer market is the latest addition to the huge database of Market Research Hub. This research study is segmented on the basis of applications, technology, geography, and types. The Report provides a detailed Semiconductor Silicon Wafer Industry overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the Semiconductor Silicon Wafer Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.

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Overview of the global semiconductor silicon wafer market

Market research analysts at Market Research Hub predict that the global semiconductor silicon wafer market will grow steadily during the next four years and post an impressive revenue of more than USD 8 billon by 2021. This market research analysis identifies the increasing growth of wireless computing devices as one of the primary growth factors for the global semiconductor silicon wafer market. The recent years witness an increase in the demand for high-performance devices with reliable and highly-portable computing platforms and connectivity over wireless networks such as Wi-Fi, 3G, 4G, and Bluetooth. This has increased the need for wireless computing devices such as tablets, smartphones, wearables, and sensors that need high level of integration and drives the development of a number of new designs to support multiple applications on a single platform. Also, the demand for small-sized gadgets has increased the requirement for more functionalities from a single device. Improvements in wireless computing devices such as smartphones and tablets that increase the design activity among semiconductor designers, also results in a high demand for silicon wafers.

The rising adoption of automation in automobiles is one of the latest trends that will gain traction in the global semiconductor silicon wafer market. The electrification and automation of automobiles increase the need for semiconductor wafers. Automotive manufacturers use various types of semiconductor ICs for airbag control, anti-lock braking system, GPS, power doors and windows, car navigation and display, and automated driving. The market for automotive products will rise with an increase in car production during the forecast period. This creates a demand for semiconductor devices that will indirectly trigger the demand for silicon wafers. Moreover, the utilization of semiconductors in hybrid and electric cars will also propel the market’s growth in the forthcoming years.

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Competitive landscape and key vendors

The semiconductor silicon wafer market is charcaterized by the presence of a considerable number of vendors. Rapid improvements in technology, intense competition, and the shifting dynamics of the market intensify the competition among vendors. To sustain and succeed in this competitive environment, it is important for the vendors to differentiate their product and service offerings through a clear and unique value proposition.

The leading vendors in the market are –

Shin-Etsu Chemical
SunEdison Semiconductor
The other prominent vendors in the market are LG Siltron, Silicon Materials, Virginia Semiconductor, and Wafer World.

Segmentation by application and analysis of the semiconductor silicon wafer market

Consumer electronics
During 2016, the consumer electronics segment accounted for the major shares of the semiconductor silicon wafer market. The increasing demand for consumer electronics such as smartphones, tablets, phablets, refrigerators, ACs, TVs, home theaters, and washing machines will contribute to the growth of this market segment in the coming years. Moreover, the demand for silicon wafers in wearable technology will also propel the segment’s growth in this global market.

Geographical segmentation and analysis of the semiconductor silicon wafer market

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This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. The presence of key manufacturers such as Samsung, Sony, LG, Toshiba, Panasonic, Toyota, and Honda makes the region the largest consumer for semiconductor ICs, which require silicon wafers. Additionally, the growth of consumer electronics market with significant innovations also propels the growth of the semiconductor silicon wafer market.

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