Trends Shaping the Thin Wafer Market and Key Player Strategies
According to the research report, the global thin wafer market was valued at USD 10.2 billion in 2021 and is expected to reach USD 29 billion by 2030, to grow at a CAGR of 12.4% during the forecast period. The expansion of the semiconductor industry, coupled with the rising demand for consumer electronics, automotive applications, and IoT devices, is expected to fuel the growth of this market. Thin wafers, used extensively in the manufacturing of semiconductor devices, provide a wide range of benefits including miniaturization, lightweight properties, and enhanced performance in applications such as smartphones , wearables , and LEDs . Thin wafers, which are typically sliced to thicknesses of less than 100 micrometers, are vital in the production of advanced integrated circuits, power devices, and microelectronics. The increasing focus on developing smaller, more efficient, and higher-performing electronic components is further contributing ...