At 4.3% CAGR, North America Semiconductor Silicon Wafer Market is Projected to be Worth US$ 2,604.92 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America semiconductor silicon wafer market was valued at US$ 1,863.06 million in 2023 and is expected to reach US$ 2,604.92 million by 2031, registering a CAGR of 4.3% from 2023 to 2031. Increasing miniaturization of electronic devices and rise in preference for fabless manufacturing are among the critical factors attributed to drive the North America semiconductor silicon wafer market growth.

Miniaturization of electronic equipment is the process of shrinking electronic components and assemblies while maintaining or increasing functionality and performance. Miniaturization has been a major driving force in the advancement of modern technology, allowing for the construction of smaller, lighter, and more powerful electronic gadgets. The miniaturization of electronic devices and components propels technological advancements and supports a wide range of businesses. It also improves portability by making them more user-friendly. Furthermore, miniaturized electronic devices often require less power, resulting in energy-efficient products. In addition, these devices improve performance by providing faster processing and lower latency.

With advancements in miniaturization and multi-layer PCB designs, modern bare PCBs meet the demands of high-density applications, encouraging innovation in industries ranging from consumer electronics to automotive systems and telecommunications. This rising inclination toward miniaturization is increasing the demand for ultra-thin and miniaturized PCBs, as these PCBs are suitable for all markets where miniaturization and high reliability play an important role. In addition, miniaturized PCBs can help save space, improve performance, reduce cost, and innovate product design. It also aids in the production of flexible and stretchable electronics that can be used for various purposes; for example, in the healthcare industry, miniaturized PCBs are used in heart rate monitors, sleep trackers, and glucose sensors, which are discreet and comfortable for prolonged wear. Silicon wafers play a vital role in microelectronics and nanotechnology, where circuits must be precisely patterned at microscopic scales. The reduction in the size of electronic components, made possible by silicon wafers, has resulted in the development of increasingly powerful and compact gadgets. Silicon semiconductor wafers, with their unparalleled versatility and dependability, continue to be the foundation of technological advancement. Silicon wafers power computers' microprocessors and capture solar energy for sustainable power solutions. These wafers continue to be critical components in the semiconductor industry, driving the advancement of electronics and contributing to the ever-expanding spectrum of technological opportunities. Thus, the growing miniaturization of electronic devices is expected to boost the growth of the North America semiconductor silicon wafer market in the coming years.

On the contrary, manufacturing complexity hampers the growth of North America semiconductor silicon wafer market.

By type, the North America semiconductor silicon wafer market is segmented into Up to 150 mm, Diameter 200mm, Diameter 300mm, and Diameter 450mm. The Diameter 300mm held 65.4% share of North America semiconductor silicon wafer market share in 2023, amassing US$ 1,218.23 million. It is projected to garner US$ 1,769.45 million by 2031 to register 4.8% CAGR during 2023-2031.

In terms of application, the North America semiconductor silicon wafer market is segmented into consumer electronics, industrial, telecommunications, automotive, and others. The consumer electronics segment held 62.4% share of North America semiconductor silicon wafer market share in 2023, amassing US$ 1,162.35 million. It is projected to garner US$ 1,694.39 million by 2031 to register 4.8% CAGR during 2023-2031.

Based on node type, the North America 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 21.9% share of North America semiconductor silicon wafer market share in 2023, amassing US$ 407.69 million. It is projected to garner US$ 616.58 million by 2031 to register 5.3% CAGR during 2023-2031.

Based on country, the North America semiconductor silicon wafer market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.6% share of North America semiconductor silicon wafer market in 2023. It was assessed at US$ 1,483.40 million in 2023 and is likely to hit US$ 2,100.35 million by 2031, registering a CAGR of 4.4% during 2023-2031.

Key players operating in the North America semiconductor silicon wafer market are Alfa Chemistry; Ferrotec Holdings Corporation; Fujimi Incorporated; GlobalWafers Co., Ltd; NANOCHEMAZONE; Nanografi Nano Technology; Okmetic; Shin-Etsu Chemical Co Ltd; Silicon Materials, Inc.; Siltronic AG; Sino-American Silicon Products Inc.; SK Siltron Co., Ltd; SUMCO CORPORATION; Wafer Works Corp; Wafer World Inc.; and WaferPro, 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com