The Thin Wafer Market was valued at USD 6.76 Billion in 2015 and is projected to reach USD 9.17 Billion by 2022, at a CAGR of 3.7% between 2016 and 2022. The base year considered for this study is 2015 and the forecast period is from 2016 to 2022. This report provides a detailed analysis of the thin wafer market on the basis of wafer size, application, and region. The 300mm wafer segment is estimated to account for a large share of the thin wafer market; this segment is expected to grow at the highest CAGR between 2016 and 2022.
The research methodology used to estimate and forecast the thin wafer market began with capturing data on key vendor revenues through secondary research. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global thin wafer market by determining the revenue of key players in this market. After arriving at the overall market size, the total market was split into several segments and subsegments, which was later verified through primary research by conducting extensive interviews with key personnel such as CEOs, VPs, directors, and executives.
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Raw Material Suppliers Silicon Wafer Providers System Integrators Middleware and Firmware Providers Semiconductor Device Manufacturers Suppliers and Distributors Government and Other Regulatory Bodies Research Institutes and Organizations Market Research and Consulting Firms
The memory application accounted for the largest share in the thin wafer market. This large share is attributed to the growing usage of memory devices in computers, laptops, digital music players, gaming devices, and mobile internet devices.
The Asia-Pacific thin wafer market is projected to grow at the highest CAGR between 2016 and 2022. This growth is attributed to the development of semiconductor devices in economies such as China, South Korea, and Taiwan, among other countries in this region. In addition to this, cheap labor costs and high demand of consumer electronic devices are also propelling the growth of the thin wafer market in the Asia-Pacific region.
North America accounted for the second-largest share of the global thin wafer market. Several companies have their headquarters in the U.S. In addition to this, government support in the U.S. is propelling the growth of the semiconductor industry, thereby becoming one of the major factors influencing the demand of thin wafers in North America.
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Article author : Nihal Patil
Article source name : Thin Wafer Market
Source URL : https://www.marketsandmarkets.com/Market-Reports/thin-wafer-market-255706993.html