Thin Wafer Market With Covid-19 Impact Analysis - Global Forecast To 2025

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The global thin wafer market is estimated to be USD 10.8 billion by 2025 from USD 7.6 billion in 2020 (estimated year), at a CAGR of 7.2% between 2020 and 2025. The growth of the thin wafer market is fueled by rising adoption of MEMS technology in portable health monitoring devices, reducing sizes of electronic devices, growing smartphone and consumer electronics markets, and high amount of material saving. Moreover, growing demand for telecommunication systems owing to the increasing focus towards e-learning amid COVID-19 is expected to propel the thin wafer market.

COVID-19 Impact on the Global Thin Wafer Market

The thin wafer market includes major Tier 1 and 2 suppliers like Shin-Etsu Chemical Co., Ltd., SUMCO Corporation, Global Wafers Co., Ltd., Siltronic, and SK Siltron. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, America, and RoW. Thin wafers supplied by these companies are used by end-use industries such as consumer electronics, automotive, industrial, medical and few others. Covid-19 not only impacted the operations of the thin wafer ...
... market players, but also affected the businesses of companies from the above-mentioned industries. A decline in demand for MEMS products from the automotive and consumer electronics industries is also expected. Also, consumers have reduced their spending on expensive products, such as premium smartphones, wearables, and smart home systems. Product features are being considered as a second priority, and basic functionalities are being preferred. All these factors are expected to negatively impact the thin wafer market.

300 mm wafers expected to grow at the highest CAGR during the forecast period

An exponential use of 300 mm wafers in LED applications due to the greater yield offered by these wafers is fueling the growth of the thin wafer market across the world. It has become highly essential for LED manufacturers to achieve economies of scale and improve profitability, which is offered by these wafers. Also, the increasing number of operational 300 mm wafer fabrication facilities is expected to create a significant rise in demand for 300 mm wafers.

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Wafer dicing technology to account for largest market share of the thin wafer market in 2019

Wafer dicing dominated the thin wafer market in 2019. The growth can be attributed to the increasing demand for high-speed dicing coupled with superior breakage strength. Also, the requirement for smaller, higher performing, and lower cost device configuration for use in applications such as memory devices, logic devices, power devices, and sensors is expected to contribute toward the growth of the wafer dicing equipment market during the forecast period.M.

Key Market Players

The thin wafer market is dominated by a few globally established players such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), and SK Siltron (South Korea).

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