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 attrib...