A Si wafer is a key component in many integrated circuits, which are used in various electronic devices such as cell phones, computers, TVs, and a wide array of other devices. With digitization and electronic mobility being the prevailing trend in technology, Si wafers are gaining popularity and are being utilized in a multitude of ways. In this article, we will discuss the Si wafer market size and key market trends.
What Do I Need to Know About the Silicon Market Size and its Key Market Trends?
Wafer Market Size
The semiconductor Si wafer market was valued at USD 9.28 billion in 2018 and is predicted to reach USD 12.85 billion by the year 2025. The major factors that are driving demand for the semiconductor industry and are contributing to its market growth are the increasing demand for smart devices and the increasing popularity of industrial automation. People's standard of living has also improved, which will further the demand for Si wafers in the future.
Key Market Trends
Consumer electronics are expected to take a significant percentage of market share. This resulted in a shift towards new consumer electronic categories and other related devices. With consumer interest in mind, products like VR, AR, drones and other wearables were created and have been gaining popularity ever since they were released.
The arrival of the 'Internet of Things' has changed the consumer electronics industry. It is capable of generating an unparalleled amount of data, which is shaping the future of many industries. The IoT is expected to bridge the gap between consumer concerns and device capability.
New electronic products, like OTT, TV game consoles, set-top boxes, and 4k TVs are continuously gaining popularity.
Voice assistants in TV sets, car radios, and other devices are also gaining popularity. They're capable of executing tasks on voice command. It also gave birth to AI assistants like Alexa by Amazon and Google Home.
The demand for thinner, lighter and more powerful devices is also continuously rising.
Looking for a Si Wafer?
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