Business Opportunities in Silicon Wafers Industry
Silicon wafer is a material used for producing semiconductors, which can be found in all types of electronic devices that improve the lives of people. Silicon comes second as the most common element in the universe; it is mostly used as a semiconductor in the technology and electronic sector.
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Most people have had the chance to encounter a real silicon wafer in their life. This super-flat disk is refined to a mirror-like surface. Besides, it is also made of subtle surface irregularities which make it the flattest object worldwide. Silicon wafers are a key component in integrated circuits. Integrated circuits are, simply put, a composite of various electronic components that are arranged to perform a specific function. Silicon is the principal platform for semiconductor devices. A wafer is a thin slice of this semiconductor material, which serves as the substrate for microelectronic devices built-in and over the wafer. Popular Silicon wafer fabrication methods are the Czochralski pulling method and Vertical Bridgeman method. Newer methods like the Float Zone method are gaining popularity owing to superior purity and fewer defects. They are widely used in the manufacture of chips and microchips for electronic devices.
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Silicon Wafers Market Growth Drivers:
The Growth Prospects in the Automotive Industry
The International Organization of Motor Vehicle Manufacturers (OICA) has measured the total number of vehicles that were produced in 2018, and the figure translates to a striking 91.54 million. The future foresees an increased production rate in the automotive industry in which the contribution from autonomous vehicles, electric vehicles, and self-driving trucks will play a vital role. Resultantly, this augmentation in the production of vehicles will create a myriad of opportunities for the vendors in the silicon wafers market.
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- The Increased Implementation of GPS Tracking System
GPS tracking device market is booming as the system has penetrated almost every industry. These devices create a major silicon wafers marketplace because semiconductors are an integral part of GPS systems. Furthermore, there is a continuous R&D in progress and the future innovations in the GPC tracking industry will further propel the silicon wafers market.
- The Application Segment in the Healthcare Sector Supporting the Market
The augmented application of semiconductors in the healthcare sector can be fathomed by the growth prospects in the healthcare equipment market. Silicon wafers find application in the semiconductors that are incorporated in the healthcare equipment. The future is poised to observe surging sales of healthcare equipment which will further flourish the silicon wafers market.
Market Overview of Silicon Wafers
Owing to the rapidly increasing number of mobile devices that have been well-documented by the Global System for Mobile Communication (GSMC). According to the organization, the total number of unique mobile subscribers in 2018 was gauged to be 5.1 billion, and the number is estimated to escalate at a moderate CAGR of 1.9% through to 2025. This will have a direct impact on the consumer electronics application segment of the silicon wafers market, which is a project to observe a superlative CAGR of 11.34% over the forecast period of 2019 to 2025.
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Conclusion
Niir Project Consultancy Services (NPCS) has made a project report on “Silicon Wafers”. The project report covers all the major aspects of any business such as analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The reports made by NPCS has helped many Many of the engineers, project consultant & industrial consultancy firms in India and worldwide. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning, etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, etc.
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