Thin Wafers Market to Reach US$ 21.65 Bn by 2031; Growing Adoption of Ultra-thin Silicon Wafers to Propel Sales: TMR Study
Thursday, January 13, 2022
- 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.
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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
-- 30 um - 49 um
-- 50 um- 99 um
-- 100 um - 200 um
-- Above 200 um
Thin Wafers Market, by Wafer Size
-- Below 100 mm
-- 100 mm
-- 125 mm
-- 150 mm
-- 200 mm
-- 300 mm
Thin Wafers Market, by Material
-- Silicon (Si)
-- Gallium Arsenide (GaAs)
-- Gallium Nitride (GaN)
-- Silicon Carbide (SiC)
-- Others (Indium, etc.)
Thin Wafers Market, by Application
-- MEMS
-- CMOS
-- Memory
-- Image Sensor
-- Light Emitting Diode
-- Interposer
-- Others (Radio Frequency Devices, Logic, etc.)
Thin Wafers Market, by End-use Industry
-- Consumer Electronics
-- Automotive
-- Healthcare
-- IT and Telecom
-- Aerospace and Defense
-- Others (Energy, Industrial, etc.,)
Thin Wafers Market, by Region
-- North America
-- Europe
-- Asia Pacific (APAC)
-- Middle East & Africa (MEA)
-- South America
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are extensively used in a range of applications including custody flow
and process flow. A clamp-on ultrasonic flowmeter is used to verify the
efficacy of various other flowmeters and temporary measurement. The
demand for clamp-on ultrasonic flowmeters is on the rise, owing to their
minimal maintenance, long service life, and ease of integration with new
technologies. However, some factors that could hamper the adoption of
clamp-on ultrasonic flowmeters in the upcoming decade include
non-compatibility with non-conductive liquids.
-- Collision Avoidance Sensor Market - Drones with obstacle detection and
collision avoidance sensors are becoming increasingly commonplace in
consumer and professional sectors. Since the collision avoidance sensor
market is highly fragmented with five leading industry players
accounting for ~25% of the market stake, startups are increasing their
efforts to develop drones with multiple direction obstacle avoidance
sensors. For instance, DJI-a supplier of easy-to-fly drones and aerial
photography systems, has gained expertise in the development of drones
with multiple direction obstacle detection and collision avoidance
technology.
-- Vibration Sensor Market - Technological innovation is the key behind the
growth of most industries. Among the various technologies, sensor
technology has gained huge attention from manufacturers in the last few
years. Increased adoption of this technology has benefitted
manufacturers in expanding their production at a reduced cost. One such
device is the vibration sensors, which helps in detecting abnormal
vibration in industrial machines at that earliest, and thus, results in
minimizing machine failure.
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