Semiconductor Wafer Market – Overview
The rise in demand for electrical circuits has bolstered the semiconductor wafer market. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is projected to harness USD 40 billion by the conclusion of the forecast period with a CAGR of 3.8% in the forecast period.
The increased buying of consumer electronic devices by individuals around the world has prompted the growth of the semiconductor wafer market. The improvement in demand for integrated circuits has further motivated the semiconductor wafer market. The rise in the level of disposable income is also expected to add to the progress of semiconductor wafers market globally in the forecast period.
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The segmental evaluation of the semiconductor wafer market is carried out on the basis of application, process, and region. On the basis of process, the semiconductor wafer market comprises of FEOL and BOEL. Based on the applications, the semiconductor wafer market is segmented into consumer electronics, IT, BFSI, healthcare, and telecom. The consumer electronics is further sub-segmented into tablet/PC, smartphone and television. On the basis of regions, the semiconductor wafer market is segmented into Asia Pacific, North America, Europe and Rest of the World.
Detailed Regional Analysis
The regional analysis of the semiconductor wafer market covers regions such as Asia Pacific, North America, Europe and Rest of The World. As per the study, the Asia Pacific region is governing the market of semiconductor wafer with a significant market share. The North American region holds a substantial portion of the total market share and has been assessed approvingly in the year 2015 followed by the European region which has been valued highly in the year 2015 also.
The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. The governments around the world have also played a substantial role in the growth of the market in recent years. The intensification of investors in the market has played a pivotal role in the progress of the market. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market.
The eminent contenders in the semiconductor wafer market are ASM International (U.S.), Nikon (Japan), Hitachi High-Technologies Corporation (Japan), Applied Materials (U.S.), Screen Semiconductor Solutions (Japan), KLA-Tencor Corporation (Japan), Hitachi Kokusai (Japan), Tokyo Electron Limited (Japan), ASML Holding (Netherlands), Lam Research Corporation (U.S.), among others.