The global thin wafer market size is expected to reach USD 29 billion by 2030, according to a new study by Polaris Market Research. The report “Thin Wafer Market Share, Size, Trends, Industry Analysis Report, By Wafer Size (125mm, 200mm, 300mm); By Process; By Technology (Grinding, Polishing, Dicing); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
Due to their mechanical strength, flexibility, and ability to withstand stress, the growing demand for thin wafer products in the electronics, automotive, and healthcare sectors is expected to drive industry growth. Furthermore, increasing penetration of the product in expanding memory discs, consumer electronics, and wireless gadgets are contributing factors to spur the market growth.
Furtherly, the majority of manufacturer shifted toward thinner wafer as it is less expensive and requires less production time. The less time-consuming nature also reduces electricity consumption which is economical for both manufacturer and end users. Additionally, due to their inexpensiveness, producers tend to improve ultra-thin wafers to produce solar panels, bolstering market growth.
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The growing adoption of micro-electro-mechanical systems (MEMS) in portable and power devices is increasing the sales of thin wafers. In addition, the demand for better manufacturing techniques for producing ultra-thin wafers for power and portable devices contributes to market growth. Furthermore, the need for radio frequency identification (RFID) devices for developing dicing equipment used in many end-use applications also supports market growth.
The COVID-19 pandemic negatively impacted the industry, as many electronic manufacturing units were temporarily shut down due to the global lockdown. The lack of skilled labor accounted for the delay in producing many consumers’ electronic items and portable devices, severely hampered the market.
Thin Wafer Market Report Highlights
Polaris Market Research has segmented the thin wafer market report based on wafer size, process, technology, application, and region:
Thin Wafer, Wafer Size Outlook (Revenue - USD Billion, 2018 - 2030)
Thin Wafer, Process Outlook (Revenue - USD Billion, 2018 - 2030)
Thin Wafer, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Thin Wafer, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Thin Wafer, Regional Outlook (Revenue - USD Billion, 2018 - 2030)