Thin Wafer Market Size

Thin Wafer Market Size

Thin Wafer Market size was valued at over USD 6.5 billion in 2020 and is estimated to grow at a CAGR of more than 6% from 2021 to 2027.

The proliferation of compact and miniaturized devices such as smart wearables and smartphones, among others has propelled the demand for thin wafer technology. Integrated device manufactures are inclined toward the adoption of customization functionality with high-quality resistor, inductor, and capacitor on highly resistive silicon material. This will accelerate miniaturization property in high-performance computing devices. Rising mitigation toward new node technologies with reduced size will also drive the thin wafer market potential for thin wafer manufacturers.
 

Thin wafers are semiconductor wafers that have a diameter less than the standard thickness, i.e., 250 μm. The thickness and size of the wafer can vary depending on the specific application of the semiconductor devices.
 

The COVID-19 outbreak has severely affected the thin wafer market due to disruption in the trade supply chain. The disruption resulted in the shortage of foundry capacities in early 2020. The demand spike for semiconductor components and disruption in international trade have led to the shifting of manufacturing facilities to new regions. Furthermore, the COVID-19 pandemic has accelerated digitization in the business and educational sectors, which has accelerated the demand for computing devices and is fueling the market growth.