Emergence of 5G to Fuel Semiconductor Silicon Wafer Market Growth During Forecast Period
According to our latest study, “Semiconductor Silicon Wafer Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, Application, and Node Type," the market was valued at US$ 12.52 billion in 2023 and is expected to reach US$ 18.09 billion by 2031; it is estimated to record a CAGR of 4.7% from 2023 to 2031. The report includes growth prospects owing to the current semiconductor silicon wafer market trends and their foreseeable impact during the forecast period.
The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing worldwide. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration across the globe is expected to reach 54% by 2030 from 12% in 2022. North America has the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2030. 5G penetration in Asia Pacific (except China) and Europe is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2030, respectively. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing across the globe. With the rise in 5G penetration, governments of various countries are investing in 5G infrastructure. In July 2021, the government of France announced its plan to invest ~US$ 2.06 billion (€1.7 billion) in its 5G sector by 2025 via public and private investments. With this plan, the government aims to accelerate the development of 5G in the country. Similarly, in January 2021, the government of South Korea announced that it aims to increase the coverage of the next-generation mobile networks, particularly 5G, to 85 cities from the current seven major cities. It invested approximately US$ 115.89 million (127.9 billion won) in 2021 to encourage the use of private 5G networks. Such growing investments in 5G help improve connectivity and raise the demand for connected devices. This growth in 5G technology adoption is also raising the demand for semiconductors, which led companies such as Samsung and TSMC (Taiwan Semiconductor Manufacturing Company) to initiate production of 5G chips on their 7 nm process node. Therefore, the emergence of the 5G network fuels the semiconductor silicon wafer market growth.
Semiconductor Silicon Wafer Market Analysis — by Geography
Semiconductor Silicon Wafer Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Upto 150 mm, Diameter 200mm, Diameter 300mm, and Diameter 450mm), Application (Consumer Electronics, Industrial, Telecommunications, Automotive, and Others), Node Type (180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and Below, and Others), and Geography
Semiconductor Silicon Wafer Market Size and Top Players 2031
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Source: The Insight Partners Analysis
Okmetic; Wafer Works Corp; SUMCO CORPORATION; NANOCHEMAZONE; Alfa Chemistry; LONGi Green Energy Technology Co Ltd; Wafer World Inc.; WaferPro; PI-KEM Limited; Nano Quarz Wafer GmbH; Sino-American Silicon Products Inc.; Nanografi Nano Technology; Fujimi Incorporated; Hangzhou Semiconductor Wafer Co., Ltd.; Ferrotec Holdings Corporation; Silicon Materials, Inc.; Shin-Etsu Chemical Co Ltd; SK Siltron Co., Ltd.; Siltronic AG; and GlobalWafers Co., Ltd. are among the key players profiled in the semiconductor silicon wafer market report. Several other major players were also studied and analyzed during the market study to get a holistic view of the market and its ecosystem.
The report includes the semiconductor silicon wafer market forecast by type, application, and node type. By type, the market is segmented into Upto 150 mm, diameter 200 mm, diameter 300 mm, and diameter 450 mm. The diameter 300mm segment held the largest semiconductor silicon wafer market share in 2023.
The scope of the semiconductor silicon wafer market report focuses on North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Taiwan, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America). Asia Pacific dominated the market in 2023, followed by North America and Europe.
North America holds a considerable semiconductor silicon wafer market share. The region has a vast presence of various fabless companies such as Qualcomm, Altera, LSI Corporation, Marvell Technology, Nvidia, ATI Technologies Inc, etc. Further, the region is also conducting various research and development activities on microelectronics, thereby increasing the production of silicon wafers. For example, in July 2024, as part of the Investing in America tour, the Biden-Harris Administration announced that the US Department of Commerce and GlobalWafers America, LLC and MEMC LLC ("MEMC"), subsidiaries of GlobalWafers Co., Ltd. ("GlobalWafers"), have signed a nonbinding preliminary memorandum of terms (PMT) to provide up to US$ 400 million in proposed direct funding under the CHIPS and Science Act to help onshore critical semiconductor wafer production and advance US-based technology leaders. The US President signed the bipartisan CHIPS and Science Act, a crucial component of the Investing in America plan, ushering in a new era of semiconductor production in the country. The proposed CHIPS investment will fund the development of new wafer production facilities, creating 1,700 construction jobs and 880 manufacturing jobs. Such government initiatives across the region drive the semiconductor silicon wafer market.
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