Global thin wafer market exploring future growth and trends by 2027

Global thin wafer market exploring future growth and trends by 2027

The thin wafer market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Thin wafers, which are the thin slices of semiconductor, are largely being used for manufacturing integrated circuits (ICs). They are extensively used across automotive sector owing to the elevating demand for AI-chipsets that are developed using thin wafer technology. Thin wafers offer enhanced performance, energy efficiency, as well as reduced footprint making it suitable for an automotive environment. Automotive OEMs are showing higher inclination towards ADAS, self-driving and autonomous vehicles lately. This has urged the companies to adopt autonomous system technologies that provide high performance and reliability solutions, which is impelling the demand for AI-based chipsets and modules. Citing an instance, in 2019, Arm inked a partnership agreement with Toyota and GM for developing driverless car chipsets and computing systems for self-driving vehicles. Such initiatives are opening new growth opportunities for thin wafer market over the foreseeable future.

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Besides automotive industry, thin wafer technology is gaining immense popularity for developing logic ICs that are widely used in data centers and high-performance computing applications. Thinning technology is highly preferred in logic devices in order to achieve high-speed processing and reconfigurations. As per the World Semiconductor Trade Statistics, in 2020, revenue generated from the sales of logic-based semiconductors was recorded as USD 113.42 billion and is expected to register 7.1% y-o-y growth, accounting for the revenue of USD 121.50 billion in 2021. With increasing sales of logic-based devices globally demand for thin wafers is rising providing positive growth prospects for the industry. Reportedly, logic application segment is anticipated to register a CAGR of 5.5% through 2027.

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Considering the regional outlook, thin wafers market is poised to generate lucrative growth opportunities from Europe. According to the report, Europe thin wafer market is projected to register a CAGR of 6.5% through 2027. This can be credited to the presence of prominent semiconductor companies like GlobalFoundries, Nexperia, Siltronic AG, STMicroelectronics, etc. In addition, favorable government initiatives and funding activities is complementing the growth of regional industry further.  For instance, in 2018, the European Commission along with the UK, Italy, France and Germany launched a joint project for research and development in the fields of microelectronics and semiconductor. EU approved the sanction of USD 2.06 billion for R&D activities and an additional USD 7.05 billion funds for attracting foreign semiconductor manufacturers to Europe.

Thin wafers come in different sizes and thickness based on their respective applications. With regards to size, thin wafers of 300 mm diameter are in high demand as they offer a greater yield for achieving economies of scale and increasing the profitability of the enterprises operating in wafer fabrication field. This has encouraged companies to focus on adding 300 mm operational facilities, which is positively influencing the business space. Quoting an instance, in 2021, Robert Bosch GmbH announced the launch of a new semiconductor fabrication plant, aimed at producing power semiconductors in automotive sector. According to the company, the new plant will manufacture silicon thin wafers of diameter 300 mm and thickness of 60 μm. On account of this burgeoning product demand, 300 mm segment had accounted for a market share of over 8.0% in 2020 and is estimated to register a robust CAGR of 4.5% through 2027.

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