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The semiconductor glass wafer market size is projected to increase by USD 138.6 million at a CAGR of 4.36% between 2023 and 2028. The market growth analysis depends on several factors, including the emergence of advanced and compact consumer electronic devices, the exponential demand growth of IoT devices, and the growing demand for MEMS devices. Glass wafers are considered to be a cost-effective solution in the semiconductor industry owing to their superior electrical, physical, and chemical properties. A glass wafer is usually a very thin disc that is used as a base for manufacturing integrated circuits (ICs). This semiconductor material is usually made of borosilicate glass, quartz, or fused silica.
The report includes a comprehensive outlook on the Semiconductor Glass Wafer Market, offering forecasts for the industry segmented by Type, which comprises borosilicate glass, quartz, and fused silica. Additionally, it categorizes Application into consumer electronics, automotive, industrial, aerospace and defense, and others, and covers Regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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The exponential demand growth of IoT devices is the key factor driving market growth. The global demand for high-performance, reliable, and highly portable devices with robust wireless connectivity is propelling the semiconductor glass wafer market. With end-users increasingly seeking seamless data exchange and transfer over networks like Wi-Fi, 3G, 4G, and Bluetooth, the advent of the Internet of Things (IoT) further boosts this growth. Predicted to surpass 30 billion connected devices by 2022, IoT enables real-time data collection through sensors and actuators, empowering informed decision-making. Its adoption across consumer electronics, automotive, and medical sectors has become a driving force for the semiconductor glass wafer market.
In addition, wireless computing devices' evolution necessitates intricate integration, leading semiconductor manufacturers to develop versatile designs supporting multiple applications. The surge in demand for compact, multifunctional gadgets fuels the need for advanced IC chips. As IoT integrates data communication, hardware design, storage, and mining, semiconductor wafer polishing and grinding equipment play a crucial role in ensuring the precise manufacturing of semiconductor glass wafers. These wafers are poised to flourish in applications ranging from wearables, smart homes, industrial automation, automated vehicles, to HVAC systems, due to their high thermal conductivity and optical transparency. Hence, with the proliferation of IoT and the increasing demand for sophisticated semiconductor components, the market for semiconductor glass wafers is expected to grow significantly during the forecast period, supported by advancements in semiconductor wafer polishing and grinding equipment technology.
The growing proliferation of IoT and connected devices is the primary trend shaping market growth. The Internet of Things (IoT) functions as a network of interconnected computing devices, comprising both mechanical and digital machines capable of data transfer across a network without human-computer interaction. This transformative technology enables devices to collect data through sensors and actuators, facilitating real-time transmission to a centralized location for informed decision-making. The rapid adoption of IoT is rising in various market segments, including consumer electronics, automotive, and medical sectors, aligning with prevailing market trends.
In addition, sensors and MEMS are an integral part of IoT devices and are manufactured from semiconductor glass wafers. The projection of producing one trillion sensors in 2022 underscores the substantial demand for IoT devices, necessitating a significant production of semiconductor glass wafers, in line with current market trends and analysis. To meet this demand, the construction of fabs is anticipated, driven by the expanding applications of IoT, consequently propelling market growth during the forecast period.
Dependence on a few key suppliers is a challenge that affects market growth. Semiconductor market players are highly dependent on their suppliers for the supply of raw materials, components, and facility management. Most equipment players in the market are committed to a few suppliers through service-level agreements, as they specifically cater to the vendor's requirements. A delay or non-performance on the part of suppliers could lead to a delay in the delivery of semiconductor glass wafers or result in inferior quality products. This may hamper the relationship with the customer or result in order cancelation.
Additionally, any leak of intellectual property (IP) design from the supplier side will have an adverse effect on the business of semiconductor manufacturers. Moreover, due to reliance on contract suppliers, players have reduced control over the manufacturing process and, thus are exposed to risks related to costs, quality, capacity, and non-adherence to required specifications, which can delay the delivery of final products, thus hindering the market in focus growth during the forecast period.
The market share growth by the borosilicate glass segment will be significant during the forecast period. There are many different types of borosilicate glass available, and each type has its own unique applications and benefits. Low-alkali Borosilicate Glass is one of the main types of borosilicate glass used in the market for semiconductor devices. This glass has a low alkali content due to the presence of alkali metals such as sodium and potassium in the glass. The low alkali content minimizes the migration of ions, which is one of the most important factors in the process of semiconductor manufacturing.
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The borosilicate glass segment showed a gradual increase in the market share of USD 226.55 million in 2018. In addition, another type of glass that is very important is high-temperature borosilicate glass. This type of glass can withstand high temperatures and can be used in processes like thermal bonding, annealing, etc. In semiconductor fabrication, where temperature control is very important to achieve the desired material characteristics and performance, high-temperature borosilicate glass is an essential part of the semiconductor wafer manufacturing process. Thus, such factors under the borosilicate glass segment will drive the growth of the global semiconductor glass wafer market during the forecast period.
The consumer electronics segment includes smartphones, tablets, phablets, refrigerators, ACs, TVs, home theatres, and washing machines. The segment also contains wearable technologies such as smartwatches and fitness gadgets. With the introduction of smartphones, the demand for better-powered and smaller-sized ICs scaled up. Furthermore, with the growing proliferation of consumer appliances, the global semiconductor glass wafer market will also witness growth. Consumer electronic products have transformed substantially in recent times, with market players introducing new-age electronic gadgets, like interactive displays, wearable devices, in-built memory-based appliances, and automated coffee machines. Thus, such factors under consumer electronics will fuel the growth of the global semiconductor glass wafer market during the forecast period.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. High quantities of raw materials and low establishment and labor costs have helped companies launch their manufacturing units in the region. The major reason for the dominance of APAC was the presence of major consumer electronics manufacturers and automotive manufacturers in the region. Countries such as China, South Korea, and Japan are leading manufacturers of consumer electronic devices.
Besides, China is the leading contributor to the market in APAC owing to the presence of numerous electronic companies and high automobile production. The presence of electronic giants, such as Samsung and LG, makes South Korea a key contributor to the market in the region. Taiwan is another key contributor to the market owing to a significant presence of semiconductor foundries. Hence, such factors are expected to drive market growth in this region during the forecast period.
Semiconductor Glass Wafer Market forecasting includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their semiconductor glass wafer market growth and forecasting
Global Semiconductor Glass Wafer Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The Semiconductor Glass Wafer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Semiconductor Glass Wafer Market market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The semiconductor glass wafer market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends from 2018-2028
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Semiconductor Glass Wafer Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
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Market Growth 2024-2028 |
USD 138.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.22 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, Taiwan, South Korea, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGC Inc., Bullen Ultrasonics, Cadence Design Systems Inc., Coresix Precision Glass Inc., Corning Inc., Mosaic Microsystems, Nano Quarz Wafer, Nippon Electric Glass Co. Ltd., Plan Optik AG, Prolyx Microelectronics Pvt Ltd., Samtec Inc., SCHOTT AG, Shin-Etsu Chemical Co. Ltd., Specialty Glass Products, Swift Glass Co Inc., Sydor Optics, TECNISCO Ltd., and TSI Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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