According to the research report titled ‘Thin Wafer Market Size, By Thickness, By Wafer Size (100 mm, 125 mm, 200 mm, 300 mm), By Process, By Application (Micro-Electro-Mechanical Systems (MEMS), Complementary Metal-Oxide-Semiconductor (CMOS) Image Sensors, Memory, Radio-Frequency (RF) Devices, Light-Emitting Diode (LED), Interposers, Logic), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027‘, available with Market Study Report, global thin wafer market is slated to record significant growth over 2021-2027.
 

Increasing prevalence of smartphone and consumer electronics, surging adoption of AI and IoT technologies in the automotive sector, growing trend of miniaturization, and flourishing IC sector in China are catalyzing the growth of global thin wafer market.
 

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Elaborating on the negatives, concerns over efficiency maintenance, susceptibility and volatile product nature, and delay in capacity expansion investment plans due to the advent of COVID-19 outbreak could act as restraining factors to the business domain.
 

In terms of thickness, the market scenario is bifurcated into >200 μm, 100 μm - 199 μm, 50 μm - 99 μm, 30 μm - 49 μm, 10 μm - 29 μm, and <10 μm. The report states that 30 μm - 49 μm segment is slated to record a CAGR of 14.5% through 2027, creditable to its widespread adoption in electronics components like LEDs and diodes.
 

Speaking of wafer size, global thin wafer industry is classified into 100 mm, 125 mm, 200 mm, and 300 mm. The 100 mm segment is poised to register over 5% CAGR through 2027, accredited to increasing adoption of customized products.
 

Based on application terrain, the market sphere is categorized into LED, MEMS, CMOS image sensors, RF devices, memory, interposers and logic. The MEMS segment is expected to record 9% CAGR through the analysis timeframe, owing to rising product usage in industrial and aerospace & defense sectors.
 

As per expert verbatim, Latin America and Middle East & Africa accounted for 4.5% market share in 2020 and is anticipated to grow momentously through 2027. Surging government initiatives and funding activities to proliferate semiconductor manufacturing in the region are bolstering the market growth in the two regions.
 

Leading companies in global thin wafer market include WaferPro, LLC, Virginia Semiconductor, Inc., Soitec, Shanghai Simgui Technology Co., Ltd., Siltronic AG, SUMCO Corporation, IceMOS Technology Ltd., UniversityWafer, Inc, Shin-Etsu Chemical Co., Ltd., SK Siltron css, Wafer World, Inc., GlobalWafers, Sil'tronix Silicon Technologies, Silicon Valley Microelectronics, Inc., and Polishing Corp of America among others.