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According to Transparency Market Research’s latest research report on the global silicon wafer market for the historical period, 2017–2020 and forecast period, 2022–2031, silicon wafer is found in a wide range of electronic devices, and it is a fundamental material for assembling semiconductors. In the electronics industry, a silicon wafer is a flimsy cut of semiconductor material utilized in the creation of coordinated circuits and other microdevices. It is a slim round disk that is created in various measurements. It is utilized in various devices and applications such as incorporated circuits (IC), MEMS creation, detectors or sensors, and optoelectronic components.
Almost every electronics product is based on silicon wafers on a daily basis, right from smartphones and other portable devices to automotive electronics and medical devices. It is almost impossible to imagine our lives without devices and components built on silicon wafers. In these devices, silicon wafers offer a wide range of current and voltage handling capacity along with high durability, reliability, and heat resistance. Consequently, silicon wafers are extensively adopted across diverse industries, such as consumer electronics, telecommunication, energy generation, defense, automotive, etc. Silicon (Si) wafer is a semiconductor material primarily installed with electronic integrated circuits (ICs) and microelectronic circuits.
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Breakthrough Innovations in Silicon Wafers Storming Electronics & Defense Industries
Leading companies are focusing on capacity-expansion investment, primarily for its silicones’ advanced functional products line in order to meet robust demand in consumer electronics and aerospace applications. Continuous facility investments are being witnessed in the silicon wafer market. On the other hand, manufacturers are innovating in ultra-flat silicon wafers that are specially customized silicon substrates dedicated for thin film surface acoustic wave (TF-SAW) hybrid structures. In order to achieve this, manufacturers are making use of high-end silicon material technology to employ improved technical performance with high resistivity and ultra-low loss radio frequency (RF) specifications.
Manufacturers Address Poor Demand Sentiments with Contingency Planning amid COVID-19 Crisis
Negative ramifications of the COVID-19 crisis have affected business activities in the silicon wafer market. As such, manufacturers are catering to mission-critical projects in the medical devices & telecommunication applications to fuel market growth. China, being the manufacturing hub for consumer electronics, has affected economic activities worldwide. However, the pandemic has subsided in many other regions of the world and has created business opportunities for companies in the silicon wafer market.
Manufacturers are adopting contingency plans due to volatile demand and supply of products. They are anticipating market revival by the end of 2022 since the global market is still experiencing a demand shortage for electronic products. Since electronic products do not fall in the category of essential products, manufacturers are establishing trade activities in countries of Japan, South Korea, and Australia where the pandemic has significantly subsided.
Nanotechnology Enabling Improvements in Thin Wafers for Solar Cells
Thin wafers hold potentials in solar cells to achieve light trapping. These wafers are typically 2-10um pyramidal structures etched into the cell’s surface. Light trapping has long been achieved for thin film cells by forming wavelength-scale texturing on a substrate and then subsequently depositing the thin-film cell. However, this substrate-texturing approach has become problematic as cells are made thinner in an effort to save absorber material cost, but it affects cell morphology and back surface recombination. In order to overcome this issue, companies are increasing R&D in nanotechnology to enable light management in solar cells.
Nanotechnology is giving rise to photonic structures and plasmonics that help to improve cell performance.
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New Experimentations and Promising Opportunities in Asia Pacific Benefitting Manufacturers
Apart from 150mm and 300mm sized wafers, manufacturers in the silicon wafer market are increasing efforts to bolster the production of 450mm wafers. However, high cost is hampering such experimentation projects. Nevertheless, 450mm wafers are tangible proof that the industry’s transition to this next-generation technology is on track and gaining momentum.
Moreover, Asia Pacific is predicted to be the frontrunner for a major revenue share of the market throughout the assessment tenure, attributing to the presence of major manufacturing hubs in the region and a huge consumer base. Increasing safety & and autonomous features in passenger vehicles and burgeoning growth in the demand for consumer electronics are key factors that are propelling the Asia Pacific silicon wafer market. In terms of country, China continues to dominate high volume production and consumption of silicon wafers.
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