The North America Silicon Wafer Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030).
The automotive industry is transforming significantly with the rise of electric vehicles (EVs) and smart automotive technologies. Silicon wafers are instrumental in producing semiconductor components that power EVs, including electric drivetrains, battery management systems, and advanced driver-assistance systems (ADAS). As automakers increasingly embrace connectivity, autonomy, and electrification, the demand for silicon wafers is set to surge.
Adopting silicon carbide (SiC) wafers in power electronics for EVs is a notable example, as SiC offers superior electrical properties, enabling more efficient and compact power devices. The deployment of 5G networks has ushered in a new era of connectivity characterized by faster data speeds, lower latency, and increased network capacity. Silicon wafers are crucial in producing semiconductor components for 5G infrastructure, including high-frequency radio frequency (RF) devices, beamforming modules, and base stations.
As per the International Trade Administration, Mexico City is the world’s fifth most populous city, with 21 million people and 33.4 million vehicles. In 2018, Mexico recorded a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. 955,393 electric and hybrid vehicles were sold in 2019 from January through September. Expansion of electric vehicle charging infrastructure in Mexico. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Silicon Wafer Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,617.9 million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Free Valuable Insights: The Silicon Wafer Market is Predict to reach USD 22.1 Billion by 2030, at a CAGR of 5.3%
Based on Type, the market is segmented into N Type, and P Type. Based on Application, the market is segmented into Telecommunication, Industrial, Consumer Electronics, Automotive, and Others. Based on Wafer Size, the market is segmented into 100 mm to 300 mm, 1 to 100 mm, and Above 300 mm. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By Application
By Wafer Size
By Country
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