According to latest report by IMARC Group, titled "Silicon Wafer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global silicon wafer market grew at a CAGR of around 3% during 2015-2020. Looking forward, IMARC Group expects the global silicon wafer market to continue its moderate growth during 2021-2026.

Silicon (Si) wafer is a semiconductor material installed with electronic integrated circuits (ICs) and microelectronic circuits. It is extensively used in smartphones, tablets, gaming devices, microchips, solar cells, military weapons, rectifiers, etc. In these devices, silicon wafers provide a wide range of current and voltage handling capacity along with high reliability, durability, and heat resistance. As a result, silicon wafers find extensive applications across diverse industries, including consumer electronics, energy generation, telecommunication, defense, automotive, etc.

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Global Silicon Wafer Market Trends:

The expanding consumer electronics sector, along with the growing trend of device miniaturization trends, is primarily augmenting the market for silicon wafers. These wafers are also gaining traction among several electronic manufacturers to produce compact integrated circuits in smartphones, laptops, smartwatches, tablets, etc. Besides this, the rising environmental concerns due to high carbon footprints from fuel-based power plants are propelling the demand for renewable energy sources. The growing number of solar power plants is catalyzing the use of silicon wafers in photovoltaic cells. Additionally, significant growth in the automotive sector has led to the emergence of hybrid vehicles. In the coming years, the increasing penetration of Industry 4.0 technologies, including AI, IoT, machine learning, etc., will continue to bolster the global market for silicon wafers in the coming years.

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Global Silicon Wafer Market 2021-2026 Analysis and Segmentation:

Competitive Landscape with Key Players:

Breakup by Wafer Size:

Breakup by Type:

Breakup by Application:

Breakup by End-Use:

Breakup by Region:

Key highlights of the report:

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