The thin wafer market is slated to witness considerable growth over the coming time period due to ongoing government initiatives and investments, rising adoption of MEMS in aerospace & defense and industrial application, and increasing adoption of customized thin wafer across numerous industries.

A wafer is essentially a thin piece of semiconductor material, generally crystalline silicon, which is in the shape of a very thin disc that is utilized as a base for fabricating electronic ICs (integrated circuits) as well as silicon-based photovoltaic cells.

These wafers act as a substrate for numerous microelectronic circuits and also goes through various processes like etching, doping, and implantation, before the end product of an IC is completed. As a result, the wafer is also known as a substrate or slice.

Today, the use of thin wafers is rapidly increasing in multiple devices. Consequently, these wafers also come in numerous sizes and thickness. The thickness of a wafer usually ranges from 275 to 925 ?um, while the diameter ranges from 2 to 18 inches respectively.

The thin wafer market is bifurcated into many segments in terms of thickness, wafer size, process, application, and regional landscape.

With respect to thickness, the market for thin wafer is classified into <10 ? 1/4 m, 10 ? 1/4 m - 29 ? 1/4 m, 30 ? 1/4 m - 49 ? 1/4 m, 50 ? 1/4 m - 99 ? 1/4 m, 100 ? 1/4 m - 199 ? 1/4 m, and >200 ? 1/4 m. Among these, 30 ? 1/4 m - 49 ? 1/4 m segment will witness market growth of around 14.5% by the end of the analysis timeline. The growth is ascribed to its rising product adoption in electronics components such as diodes and LEDs.

Based on wafer size, the market is categorized into 300 mm, 200 mm, 125 mm, and 100 mm. Among these, the 100 mm segment will witness a market growth of more than 5.0% over the forecast time period. Rising adoption of customized thin wafer to overcome the chances of break-down while fabrication will add up to the growth of this segment.

In terms of application, the overall thin wafer market is segmented into logic, interposers, LED, RF devices, memory, CMOS image sensors, MEMS, and others. Here, the MEMS segment will witness a market growth of about 9.0% through the end of the forecast time period. The anticipated growth is majorly ascribed to the rising adoption of MEMS in aerospace & defense and industrial application for compact and highly efficient devices.

From a regional frame of reference, in 2020, LAMEA region accounted for a market share of around 4.5% and is likely to showcase a promising growth rate during the study period. The growing government initiative and funding activities will accelerate the semiconductor manufacturing in the region.