seobhushan (6)

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Thin Wafer Market is projected to grow at a CAGR
6 by 2027
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Key Insights from Thin Wafer Market

• Thin wafer, which are the thin slices of
  semiconductor, are largely being used for
  manufacturing integrated circuits (ICs). They are
  extensively used across automotive sector owing
  to the elevating demand for AI-chipsets that are
  developed using thin wafer technology. Thin
  wafers offer enhanced performance, energy
  efficiency, as well as reduced footprint making
  it suitable for an automotive environment.
  Automotive OEMs are showing higher inclination
  towards ADAS, self-driving and autonomous
  vehicles lately. This has urged the companies to
  adopt autonomous system technologies that provide
  high performance and reliability solutions, which
  is impelling the demand for AI-based chipsets and
  modules. Citing an instance, in 2019, Arm inked a
  partnership agreement with Toyota and GM for
  developing driverless car chipsets and computing
  systems for self-driving vehicles. Such
  initiatives are opening new growth opportunities
  for thin wafer market over the foreseeable
  future.
• Besides automotive industry, thin wafer
  technology is gaining immense popularity for
  developing logic ICs that are widely used in data
  centers and high-performance computing
  applications. Thinning technology is highly
  preferred in logic devices in order to achieve
  high-speed processing and reconfigurations. As
  per the World Semiconductor Trade Statistics, in
  2020, revenue generated from the sales of
  logic-based semiconductors was recorded as USD
  113.42 billion and is expected to register 7.1
  y-o-y growth, accounting for the revenue of USD
  121.50 billion in 2021. With increasing sales of
  logic-based devices globally demand for thin
  wafers is rising providing positive growth
  prospects for the industry. Reportedly, logic
  application segment is anticipated to register a
  CAGR of 5.5 through 2027.

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Continued

• Thin wafers come in different sizes and thickness
  based on their respective applications. With
  regards to size, thin wafers of 300 mm diameter
  are in high demand as they offer a greater yield
  for achieving economies of scale and increasing
  the profitability of the enterprises operating in
  wafer fabrication field. This has encouraged
  companies to focus on adding 300 mm operational
  facilities, which is positively influencing the
  business space. Quoting an instance, in 2021,
  Robert Bosch GmbH announced the launch of a new
  semiconductor fabrication plant, aimed at
  producing power semiconductors in automotive
  sector. According to the company, the new plant
  will manufacture silicon thin wafers of diameter
  300 mm and thickness of 60 µm. On account of this
  burgeoning product demand, 300 mm segment had
  accounted for a market share of over 8.0 in 2020
  and is estimated to register a robust CAGR of
  4.5 through 2027.

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Regional Insights in Thin Wafer Market

• Considering the regional outlook, thin wafers
  industry is poised to generate lucrative growth
  opportunities from Europe. According to the
  report, Europe thin wafer market is projected to
  register a CAGR of 6.5 through 2027. This can be
  credited to the presence of prominent
  semiconductor companies like GlobalFoundries,
  Nexperia, Siltronic AG, STMicroelectronics, etc.
  In addition, favorable government initiatives and
  funding activities is complementing the growth of
  the regional industry further. For instance, in
  2018, the European Commission along with the UK,
  Italy, France and Germany launched a joint
  project for research and development in the
  fields of microelectronics and semiconductor. EU
  approved the sanction of USD 2.06 billion for RD
  activities and an additional USD 7.05 billion
  funds for attracting foreign semiconductor
  manufacturers to Europe.

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