At 5.2% CAGR, Asia Pacific Semiconductor Silicon Wafer Market is Projected to be Worth US$ 13,690.32 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific semiconductor silicon wafer market was valued at US$ 9,157.03 million in 2023 and is expected to reach US$ 13,690.32 million by 2031, registering a CAGR of 5.2% from 2023 to 2031. Emergence of 5G and rise in preference for fabless manufacturing are among the critical factors attributed to drive the Asia Pacific semiconductor silicon wafer market growth.

The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing worldwide. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration across the globe is expected to reach 54% by 2030 from 12% in 2022. 5G penetration in Asia Pacific (except China) is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2030, respectively. As 5G is the critical new-generation network technology that can enable innovation and support digital transformation, its demand is increasing across the globe. With the rise in 5G penetration, governments of various countries are investing in 5G infrastructure. In July 2021, the government of France announced its plan to invest ~US$ 2.06 billion (€1.7 billion) in its 5G sector by 2025 via public and private investments. With this plan, the government aims to accelerate the development of 5G in the country. Similarly, in January 2021, the government of South Korea announced that it aims to increase the coverage of the next-generation mobile networks, particularly 5G, to 85 cities from the current seven major cities. It invested approximately US$ 115.89 million (127.9 billion won) in 2021 to encourage the use of private 5G networks. Such growing investments in 5G help improve connectivity and raise the demand for connected devices. This growth in 5G technology adoption is also raising the demand for semiconductors, which led companies such as Samsung and TSMC (Taiwan Semiconductor Manufacturing Company) to initiate production of 5G chips on their 7 nm process node. Therefore, the emergence of the 5G network fuels the Asia Pacific semiconductor silicon wafer market growth.

On the contrary, manufacturing complexity hamper the growth of Asia Pacific semiconductor silicon wafer market .

By type, the Asia Pacific semiconductor silicon wafer market is segmented into Up to 150 mm, Diameter 200mm, Diameter 300mm, and Diameter 450mm. The Diameter 300mm held 68.4% share of Asia Pacific semiconductor silicon wafer market share in 2023, amassing US$ 6,263.14 million. It is projected to garner US$ 9,625.26 million by 2031 to register 5.5% CAGR during 2023–2031.

In terms of application, the Asia Pacific semiconductor silicon wafer market is segmented into consumer electronics, industrial, telecommunications, automotive, and others. The consumer electronics segment held 64.9% share of Asia Pacific semiconductor silicon wafer market share in 2023, amassing US$ 5,941.37 million. It is projected to garner US$ 9,249.92 million by 2031 to register 5.7% CAGR during 2023–2031.

Based on node type, the Asia Pacific semiconductor silicon wafer market is segmented into 180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and below, and others. The 7 nm segment held 23.9% share of Asia Pacific semiconductor silicon wafer market share in 2023, amassing US$ 2,186.58 million. It is projected to garner US$ 3,474.97 million by 2031 to register 6.0% CAGR during 2023–2031.

Based on country, the Asia Pacific semiconductor silicon wafer market is categorized into China, Japan, South Korea, India, Taiwan, and the Rest of Asia Pacific. Our regional analysis states that China captured 43.7% share of Asia Pacific semiconductor silicon wafer market in 2023. It was assessed at US$ 4,000.16 million in 2023 and is likely to hit US$ 6,355.05 million by 2031, registering a CAGR of 6.0% during 2023–2031.

Key players operating in the Asia Pacific semiconductor silicon wafer market are Ferrotec Holdings Corporation; Fujimi Incorporated; GlobalWafers Co., Ltd; Hangzhou Semiconductor Wafer Co., Ltd; LONGi Green Energy Technology Co Ltd; NANOCHEMAZONE; Okmetic; Shin-Etsu Chemical Co Ltd; Siltronic AG; Sino-American Silicon Products Inc.; SK Siltron Co., Ltd; SUMCO CORPORATION; and Wafer Works Corp, among others.

• In 2024: Okmetic received semiconductor giant Infineon Technologies’ Best Wafer Supplier award in 2023. Infineon Technologies described Okmetic as extremely supportive, agile, and flexible and continued that it really listened to the needs.

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