Trouble in Your Tank: Organic Addition Agents in Electrolytic Copper Plating
It’s Only Common Sense: Selling During an Economic Downturn
Marcy’s Musings: Can You Hear the Voices?
Semiconductor Silicon Wafer Market to See 5.7% Annual Growth Through 2023
November 27, 2019 | BCC ResearchEstimated reading time: 1 minute
Sensor-based IoT innovation and the drive toward big data and artificial intelligence are two factors driving growth in the global semiconductor silicon wafer market, according to a report by BCC Research, “Global Semiconductor Silicon Wafer Market.”
The market expects to see a compound annual growth rate (CAGR) of 5.7% through 2023, when it could be worth $21.3 billion.
Major players in the market include: 3M (MMM), Applied Materials (AMAT), Intel (INTC) and Toshiba (TOSYY).
Research Highlights
• North America’s semiconductor wafers market should grow from $4.5 billion in 2018 to $5.8 billion by 2023 with a compound annual growth rate (CAGR) of 5.4% for the period of 2018-2023.
• EMEA semiconductor wafers market should grow from $4.0 billion in 2018 to $5.1 billion by 2023 with a compound annual growth rate (CAGR) of 5%.
• After registering a value of $1.10 per square inch in 2017, the average selling price (ASP) for semiconductor silicon wafers (not including solar/photovoltaic cells) will change from $1.18 per square inch in 2018 to $1.20 per square inch in 2023: an increase of 2.1%.
“Stability in the ASP (average selling price) will be largely due to price escalation in silicon wafers in 2018-2019,” writes analyst Shalini Ramamurthy. “Compound semiconductor wafers, on the other hand, will witness a steady decline in ASP. Silicon wafer manufacturing requires substantive investment and long gestation periods. Consequently, there are only a few wafer manufacturers large enough to influence pricing. The rest cater mainly to niche markets. Another pertinent observation is that the scale of operations in silicon wafers is substantially higher than in compound semiconductors. The ASP of silicon wafers is also much lower.
The Pattern of Price Fluctuations
For ASP movement, wafer manufacturers have historically resorted to a steady annual reduction in wafer prices followed by an occasional rise (once every few years) in response to rising input costs. This spike in prices is followed by a steady decline, yearly, which is expected as the input costs stabilize and manufacturers benefit from the depreciation of equipment. The spike in prices in 2018-2019 however, is expected to be sharp enough to keep prices on an even keel in 2023, compared to 2018 levels.
To read the full report, visit www.bccresearch.com.
Share on:
Suggested Items
Notebook Industry Remains Cautious Amid Tariff Negotiations; 2025 Brand Shipments Growth Revised Down to 1.4%
04/22/2025 | TrendForceTrendForce’s latest research reveals that although the U.S. has granted a 90-day grace period before implementing reciprocal tariffs—offering temporary relief for notebook brands—the broader market remains clouded by policy and economic uncertainty. Brands began frontloading inventory in late 2024, pushing Q4 shipment growth to 5.1%, with 1Q25 seeing a 7.2% YoY increase.
Altus Honours Scienscope with ‘Fastest Growing and Most Dynamic Supplier’ Award
04/22/2025 | Altus GroupAltus Group, a leading distributor of capital equipment for the electronics industry in the UK and Ireland, has awarded Scienscope, a global provider of high-quality inspection equipment, with the ‘Fastest Growing and Most Dynamic Supplier’ recognition, celebrating their dynamic growth and innovative approach to electronics manufacturing solutions.
STMicroelectronics Future-proofs the Development of Next-gen Cars with Innovative Memory Solution for Automotive Microcontrollers
04/22/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, has announced Stellar with xMemory, a new generation of extensible memory embedded into its Stellar series of automotive microcontrollers, that transforms the challenging process of developing software-defined vehicles (SDV) and evolving platforms for electrification.
In-Memory Computing: Revolutionizing Data Processing for the Modern Era
04/21/2025 | Persistence Market ResearchIn a world where milliseconds matter, traditional computing architectures often struggle to keep up with the massive influx of real-time data.
Cicor Acquires Significant Business Activities of Éolane
04/21/2025 | CicorCicor Group announces that its offer for the acquisition of significant business activities of the French Éolane Group has been accepted by the Paris Commercial Court. This strategic transaction marks a milestone in the execution of Cicor's pan-European growth strategy and further strengthens its market leadership in the aerospace and defence sector.