The market for semiconductor glass wafers is expected to increase as a result of rising demand for semiconductors across several industry verticals. The widespread adoption of these in electronic segments and technical progress will significantly aid market growth. The primary driver of its end-user industries' expansion is an increase in disposable income. Additionally, the market for semiconductor glass wafers is becoming more expansive due to the emergence of new specifications in the electronic packaging sector. The expansion of the Internet of Things (IoT) and its emergence have opened up new markets for semiconductor glass wafers. However, production constraints and human error-related inaccuracies have the potential to restrain market expansion. Further limiting industry growth is the availability of replacements like silicon.
COVID-19 IMPACT
The coronavirus outbreak adversely impacted the global market for semiconductor glass wafers. The end-user businesses had to suspend production to follow the government's protocol for ending the virus's cycle, reducing the demand for semiconductor glass wafers. The initial COVID-19 outbreak hampered the production and supply chains in China. Due to China becoming a major global production hub during the past two to three decades, major semiconductor manufacturing businesses have been severely impacted.
DRIVING FACTORS
Huge Inventories Throughout The Supply Chain To Fuel Market Expansion
One of the main factors fostering the growth of the semiconductor glass wafer market is the high inventory levels in the supply chain. By linking household appliances into a unified structure known as a "smart home," which can be managed by mobile applications, manufacturers and application developers are currently attempting to deepen the shift. Manufacturers are concentrating on providing consumer items with enhanced functionality in response to the increased demand for better electronics and the pace of innovation. This has forced semiconductor IC manufacturers to shrink the size and improve the performance of ICs, which in turn is driving the demand for semiconductor glass wafers. This, along with the demand for compact electronic devices in almost all sectors, has also forced semiconductor IC manufacturers. Due to this rising demand, the semiconductor glass wafer market will expand during the forecast period.
RESTRAINING FACTORS
Growth to be Stopped by Increasing Use of Composite Materials in Manufacturing of Aircraft Parts
The increasing number of IoT and linked devices is constraining the expansion of the semiconductor glass wafer market. To market driverless automobiles, for example, there will be significant investments. Such innovations require semiconductor silicon wafers, and semiconductor manufacturers are expanding their production capacity or building new fabs to fulfill this significant demand. Due to their high demand, memory and logic, IC development will get the majority of investments in new fabs. Since semiconductor silicon wafers are a crucial component of an electronic circuit, smartphones and Internet of Things (IoT) devices are predicted to be the main markets for these products. The manufacturing of silicon wafers is thus anticipated to rise as the number of fabs rises, which will reduce the demand for semiconductor glass wafers.
SEGMENTATION
By Type
Based on type, the semiconductor glass wafer market is segmented into borosilicate glass, quartz and fused silica. The fused silica category dominated the market in 2022. Fused quartz is the perfect material to utilise in producing silicon wafers because of its high purity and mechanical stability at high temperatures. Only the finest grade raw materials, with contamination levels less than 25 ppm, are used by technical glass products. Due to widespread use of the product in technical and industrial applications, the glass wafers market is growing significantly. Increasing need for automotive electronics as a result of the predicted market growth of hybrid and electric vehicles increased demand for the product in the IT, healthcare, electronics, biotechnology, automotive, aviation, and broadcasting industries.
By Application
The semiconductor glass wafer market is segmented based on application into consumer electronics, automotive, industrial and aerospace and defense. The consumer electronics category dominated the market in 2022. The consumer electronics section includes smartphones, tablets, phablets, refrigerators, and other items. Wearable devices such as smartwatches and exercise equipment are also included in this section. The demand for more powerful and compact ICs increased with the development of smartphones. In the meantime, semiconductor glass wafers are also in demand due to the widespread use of smartphones in the global market. Household product producers are constantly working to develop semiconductor ICs that can give high performance with more functions, lower power consumption, compact size, and lower costs.
REGIONAL INSIGHTS
The Asia Pacific is projected to hold the largest semiconductor glass wafer market share over the forecast period. This is primarily because Asia Pacific is a major hub for various OEM manufacturers and has potential economies like China and India, which are the main forces behind accelerating corporate growth. Over the forecast period, an increase in safety standards would support APAC's expansion of the semiconductor glass wafer market. On the other hand, North America semiconductor glass wafer market is anticipated to grow significantly due to the region's cutting-edge infrastructure and the quicker adoption of technology. The explosive rise of the electronics and automotive industries in the area is also largely responsible for this region's dominance. The demand for semiconductor glass wafer has been impacted by the industrial sector's exponential growth, including the automobile, medical, and other industries.
LIST OF KEY COMPANIES PROFILED:
- Asahi Glass
- Corning
- Plan Optik
- SCHOTT
- Shin Etsu
- Sumco
- MEMC
- LG Siltron
- SAS
- Okmetic
- Shenhe FTS
- SST
- JRH
- Siltronic
Recent Development:
- January 2020: One of the top providers of advanced 12-inch silicon wafers worldwide, GlobalWafers Co., added about 20,000 of them from nearby fabs each month. In order to meet the high demand, plants in South Korea, Japan, Taiwan, and Italy are expanding, according to GlobalWafers, which expects capacity to increase by 10-15% at each of these locations.
| Attributes | Details |
| Market Size in 2022 | USD 246.5 Billion |
| Market Forecast in 2030 | USD 395.5 Billion |
| Compound Annual Growth Rate | 8.20% |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Type, By Application and By Geography |
| By Type |
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| By Application |
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| By Region |
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| Base Year | 2022 |
| Historical Year | 2016-2021 |
| Forecast Year | 2023-2030 |
