Silicon Wafers Market - Forecast(2021 - 2026)
Silicon Wafers Market Overview: In 2017, the International Trade Center (ITC) had measured that the global value of the semiconductor industry was $2.48 billion. [1] According to the Semiconductor Industry Association (SIA), global semiconductor sales had registered an upsurge on 12.7% year-to-year in October 2018, and the organization had projected 2.6% growth in 2018. [2] Silicon wafers are used in the manufacturing process of a gamut of semiconductor components, and the estimated escalation in the revenues generated in the semiconductor industry is having a positive influence on the silicon wafers market that offered opportunities worth $402.27 million as of 2018. Furthermore, the demand for silicon wafers is projected to observe a healthy compound annual growth rate (CAGR) of 8.50% during the forecast period of 2019 to 2025. The automotive and consumer electronics sector is on the rise in APAC. This is largely attributed to economic growth in APAC countries that in