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).
- 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%.