Artificial Intelligence
Thin Wafer Market revenue to hit USD 25 Billion by 2035, says Research Nester
New York, July 18, 2023 (GLOBE NEWSWIRE) — The global thin wafer market size is projected to expand at ~13% CAGR between 2023 and 2035. The market is expected to garner a revenue of USD 25 billion by the end of 2035, up from a revenue of ~USD 12 billion in the year 2022.
The growth of the market is attributed to the growing amount of generated data. Around 327 million terabytes of data are produced every day. One reason for the increased demand for thin slices is the growing amount of data being generated.
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Thin slices are needed to make microprocessors, memory chips, and other electrical devices that process and store data. Thinner cards allow manufacturers to create smaller, more energy-efficient devices that are better suited to processing large amounts of data. In addition, it is estimated that the increase in energy consumption will increase the demand for thin disks. Total end use electricity consumption in the United States increased by 2.6% in 2022 compared to 2021. As a result, the thin wafer market is expected to grow. Electronic devices made of thin plates consume less power during operation than devices made of thicker plates. Because the smaller dimensions of the transistors and other parts of the thin circuit board, the switching times can be accelerated and power consumption reduced.
Thin Wafer Market: Key Takeaways
- Market in Asia Pacific to propel highest growth
- The LEDs segment to garner the highest growth
- Market in North America to grow at a highest rate
Growing Adoption of Smartphones across the Globe to Boost Market Growth
Around 85% of the world’s population will own a smartphone by 2023, when there will be around 5 billion users worldwide. The microprocessors that make up the “brains” of cell phones are built on thin boards. The small size of thin circuit board components enables the development of high-performance processors that fit into the limited space of smartphones. There are approximately 7,999 data centers worldwide. Approximately 32% reside in data centers across the United States. This increases the demand for thin slices. Advanced data center cooling techniques, including the manufacture of heat sinks and thermally conductive materials, are achieved using thin wafers. Because of the high temperatures these structures generate, the performance and reliability of computing components in data centers must be maintained. Between 2012 and 2019, the adoption rate of LEDs in the global lighting industry has increased, and by 2025, the penetration of is expected to reach nearly 75%. Light-emitting diodes (LEDs), which are used in various lighting applications, are also manufactured on thin wafers. This increases the demand for thin slices.
Growing investments in research and development to Drive the Market Growth in Asia Pacific Region
The thin wafer market in Asia Pacific region is estimated to garner the largest revenue by the end of 2035. The regional growth can majorly be attributed to the increasing demand for electronic devices such as smartphones and laptops, and investments in research and development. The smartphone adoption rate reached about 73% in 2021 and is expected to reach about 83% in Asia-Pacific by 2025. In addition, about 61% of mobile subscribers are expected to be there in the same year. In addition, the solar energy market is also growing rapidly in Asia-Pacific owing to significant investments in solar energy infrastructure in countries such as China, Japan and India. Thin wafers are required for the production of solar cells, which are in high demand due to the growing demand for solar energy. In addition, many countries in Asia-Pacific, including China and India, have introduced favorable government policies to support the expansion of the solar and electronics industries. Demand for thin wafers is fueled by these regulations, which encourage companies to spend money on infrastructure and new technologies.
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Growing Cancer Cases to Propel the Growth in the North America Region
The thin wafer market in the North America region is estimated to garner the highest CAGR by the end of 2035. The growth of the market in this region can primarily be attributed to the growing demand for electric vehicles. The increasing adoption of electric vehicles also drives the demand for thin wafers. EVs rely heavily on advanced semiconductor devices for power electronics, battery management systems, and other components that require thin wafer technology. According to the International Energy Agency (IEA), the sales of electric cars in the United States reached a record high in 2020, with more than 320,000 electric cars sold, representing a growth rate of 140% compared to 2019. The proliferation of IoT devices and the deployment of 5G networks contribute to the demand for thin wafers. These technologies require high-performance and compact semiconductor components that can be achieved through thin wafer manufacturing processes. Ongoing research and development efforts in the semiconductor industry drive innovations in thin wafer technology. Companies are investing in developing new materials, manufacturing processes, and equipment to further improve the performance and quality of thin wafers.
Thin Wafer Segmentation by Application
- MEMS
- CMOS Image Sensors
- Memory
- RF Devices
- LEDs
- Interposers
- Logic
Amongst these segments, the LEDs segment is anticipated to hold the largest share over the forecast period. The growth of the segment is due to the growing production of LEDs. While many countries began phasing out incandescent lamps more than a decade ago, many are now beginning to do the same for fluorescent lamps, making LEDs the dominant lighting technology. LED technology is used in over 49% of the global lighting market. Therefore, the demand for thin slices in this segment is growing. LEDs are often made from thin wafers composed of materials such as silicon carbide (SiC) or gallium nitride (GaN).These wafers are used to make the semiconductor layers of the LED, which are then cut into small chips. LED performance can be affected by board thickness. LEDs made with thin sheets can be more efficient and brighter. As a result, less energy is lost as heat and better heat dissipation is possible thanks to thinner plates. In addition, using thinner wafers such as GaN or SiC can improve the performance of power components in LEDs, including switching speed, thermal conductivity and fault resistance.
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Thin Wafer Segmentation by Type
- 125mm
- 200mm
- 300mm
Amongst these three segments, the 300mm segment is anticipated to hold a significant share over the forecast period. The use of 300mm wafers offers cost advantages in semiconductor manufacturing. Larger wafers allow more semiconductor chips to be produced simultaneously, increasing production efficiency and reducing manufacturing costs. According to a report, the transition from 200mm wafers to 300mm wafers can lead to cost savings of up to 30% per chip. The continuous advancement of semiconductor manufacturing technology drives the adoption of larger wafer sizes. As semiconductor processes become more refined and complex, larger wafer sizes like 300mm enable greater integration and yield improvements. The growing demand for semiconductors across various industries, including consumer electronics, automotive, industrial, and telecommunications, fuels the need for larger wafer sizes like 300mm. The expansion of applications like artificial intelligence (AI), Internet of Things (IoT), and 5G further drives semiconductor demand. The use of 300mm wafers allows for better yield rates and cost reduction due to the larger surface area available for chip production.
Few of the well-known market leaders in the global thin wafer market that are profiled by Research Nester are Shin-Etsu Chemical Co., Ltd., Siltronic AG, SUMCO Corporation, My Chip Production GmbH, and other key market players.
Recent Development in the Global Thin Wafer Market
- The Taiwanese company GlobalWafers Co. Ltd. signed the contract to found a large wafer manufacturer. and Munich-based Siltronic AG. The combination of Siltronic, one of the technology leaders in the semiconductor wafer industry, and GlobalWafers should result in the “best-in-class” wafer manufacturer with excellent supply chain management and competitive cost structure in order to be successful in the future global semiconductor market to pass.
- II-VI Incorporated, a leading provider of wafer-level diffractive optics, announced the development of high-performance multifunctional metal lenses based on its proprietary II-VI platform.These metallic sensors enable ultra-compact optical sensors for a variety of applications including consumer electronics, automotive, life sciences, and industrial markets.
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Artificial Intelligence
Fractal Announces Merger of Eugenie.ai to Bolster AI-Powered Climate Solutions
MUMBAI, India, June 26, 2024 /PRNewswire/ — Fractal (www.fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced the merger of Eugenie AI (Eugenie.ai), an AI company dedicated to providing AI-driven products for climate change and industrial sustainability.
Founded in 2021, Eugenie has established itself as one of the pioneering forces in AI-driven climate solutions. Their clientele includes some of the world’s largest industrial corporations across energy, metals & mining, and other hard-to-abate sectors. Eugenie’s achievements include being featured at the prestigious 2024 Google I/O, being an alum of the Google for Startups: Climate Change accelerator and winning multiple global accolades such as the NASSCOM Emerge 50, Tech30 recognition by YourStory, and the Vedanta Spark Corporate Innovation Challenge. Eugenie has been featured as a key provider by Gartner in its 2023 Market Guide for Energy Management and Optimization Systems & Market Guide for Commercial and Industrial Energy Management and Optimization Systems.
Srikanth Velamakanni, Co-founder, Group Chief Executive & Vice Chairman, Fractal, said, “We are excited to welcome Eugenie back into the Fractal family. Eugenie’s cutting-edge AI technologies and their commitment to combating climate change align perfectly with our vision to leverage AI for social good. Together, we aim to accelerate the development and deployment of innovative solutions that address some of the most pressing environmental challenges of our time. Eugenie’s expertise in serving major industrial clients complements our goal of creating significant value for client in Fortune 100 organizations.”
Dr. Soudip Roy Chowdhury, Founder and CEO, Eugenie AI, said, “Joining forces with Fractal marks a significant milestone for Eugenie. Our shared values and complementary expertise will enable us to scale our impact and continue our mission to drive sustainable industrial transformations. We look forward to working together to create a future where technology and nature coexist harmoniously. By integrating our AI-driven solutions with Fractal’s extensive capabilities, we can offer even greater value to our clients, helping them achieve their sustainability goals.”
The merger of Eugenie reinforces Fractal’s commitment to harnessing the power of artificial intelligence to address global challenges and underscores its dedication to sustainability and innovation. By integrating Eugenie’s expertise in climate-focused AI solutions, Fractal aims to expand its portfolio and deliver even greater value to its clients and communities worldwide.
Eugenie’s focus on providing AI solutions to some of the hardest-to-abate sectors aligns perfectly with Fractal’s vision of driving significant value for large enterprises. This strategic merger will enhance Fractal’s ability to offer comprehensive AI solutions that not only optimize business operations but also contribute to a more sustainable and resilient industrial ecosystem.
For more information, please visit www.fractal.ai and www.eugenie.ai.
About Fractal
Fractal is one of the most prominent providers of Artificial Intelligence to Fortune 500® companies. Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, and design to help the world’s most admired companies.
Fractal’s businesses include Crux Intelligence (AI driven business intelligence), Eugenie.ai (AI for sustainability), Asper.ai (AI for revenue growth management), Senseforth.ai (conversational AI for customer service) & Flyfish (generative AI for Sales). Fractal incubated Qure.ai, a leading player in healthcare AI for detecting Tuberculosis and Lung cancer.
Fractal currently has 4500+ employees across 17 global locations, including the United States, UK, Ukraine, India, Singapore, Middle East and Australia. Fractal has been recognized as ‘Great Workplace’ and ‘India’s Best Workplaces for Women’ in the top 100 (large) category by The Great Place to Work® Institute; featured as a leader in Data Engineering services 2024 & Data Science Services 2024 by Information Services Group, Leader in AI and Analytics Services Specialists Peak Matrix Assessment 2021 by Everest Group, Leader in Customer Analytics Service Providers Wave™ 2023 by Forrester Research, Inc.
About Eugenie AI:
Eugenie is a forward-thinking AI company, headquartered in NY, USA dedicated to creating solutions that address climate change and promote industrial sustainability. Leveraging advanced AI technologies, Eugenie empowers organizations to achieve their sustainability goals and contribute to a healthier planet.
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Artificial Intelligence
ADOLFO DOMÍNGUEZ PRESENTS HIS NEW FASHION AND FRAGRANCE COLLECTION AT A WORLD FASHION SHOW
The brand intertwines fashion and perfume to create an immersive experience in the olfactory and creative universe
The fashion show, which will take place in Chile, will be broadcast online in 29 countries. It can be followed live on the brand’s website and social media profiles
MADRID, June 26, 2024 /PRNewswire/ — Adolfo Domínguez keeps moving forward in its commitment to bring fashion closer to society. The brand will showcase Ikigai, its autumn-winter 2024 collection, together with a selection of new perfumes in a global fashion show.
The event, which will mix fashion and fragrances, will be streamed live on 27 June at 6 p.m. (Portuguese time) on the brand’s website, accessible from 29 countries around the world, as well as through Mega, the main television channel in Chile, and Movistar+, in Spain. The event will also be broadcast on the company’s profiles on social media.
Adolfo Dominguez will showcase its fashion and perfume collections from the La Moneda cultural centre in Santiago de Chile, where it will create an immersive experience with artistic performances and music developed exclusively for the occasion. Attendees will have the opportunity to experience first-hand the essence and innovation that define Adolfo Dominguez, consolidating its presence and relevance in the Latin American market.
“Clothes matter. It is our second skin. Perfume is the trace we leave as we walk by. With each new collection, we explore our creativity and out contribution to society as a brand- why should we limit it to a privileged few in a room?” states Patricia Alonso, Corporate Director of Marketing and Communication at Adolfo Domínguez.
Ikigai, a Japanese concept that invites each person to go in search of their vital purpose, is the driving force behind Adolfo Domínguez’s autumn-winter 2024 collection: a selection of garments designed to liberate oneself. The result is a collection designed to be lived, with garments that are born to make people understand that beauty and happiness reside in the little things.
The fashion show will be streamed on www.adolfodominguez.com and on the brand’s profiles on social media (Youtube, Instagram and Facebook). In Latin America, the fashion show can also be seen on Mega, one of the main Chilean television channels.
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TORONTO, NECKARSULM, Germany and NORTHAMPTON, UK, June 26, 2024 /PRNewswire/ — Darwin CX and dsb deepen their alliance as Darwin CX becomes a shareholder of dsb. The Canadian company’s investment in dsb expands Darwin CX into the UK and European market and dsb becomes part of the pioneering Darwin CX family. The strategic partnership marks a significant milestone for Darwin CX and dsb, both leading providers of SaaS solutions and services for publishers.
The most remarkable aspect of this union is the parallel trajectories of these formidable companies prior to the partnership. Darwin CX and dsb’s fly ecosystem both launched in 2018 with the common goal of modernizing the publishing industry, which had become heavily reliant on outdated practices and legacy systems. Each company was on an independent mission to create an ecosystem of tools and solutions that would allow publishers to thrive in a fast-paced, data-driven, digital-first marketplace.
Best practices from North America meet European recipes for success
“While Darwin CX developed a platform for the needs of a North American publishing audience, the dsb fly ecosystem offers its European customers a variety of tools to increase acquisition, maximize customer lifetime value and reduce costs and effort,” explains Liam Lynch, CEO of Darwin CX.
Broader range of resources and features
Darwin CX and dsb are process experts in the publishing environment. “We know the industry’s workflows inside out and have the same vision. Now, as subscription professionals, we are joining forces and offering our customers scalable solutions that enable them to tap into new revenue streams in a dynamic market,” emphasizes Olaf Bendt, CEO of the dsb Group. “Our customers benefit from an even broader range of resources and features.”
Next generation sales and marketing solutions
Publishers are battling dwindling attention spans and declining engagement. dsb and Darwin CX offer the publishing industry new, powerful tools for even more accurate content offers, prices and subscription conditions. All of this is based on data-driven, AI-supported personalization, which offers publishers new insights into their customers’ engagement and launches targeted measures to increase loyalty.
Prioritizing business continuity
“To meet the growing needs of our customers, dsb will expand their fly back-end infrastructure while integrating some of Darwin CX’s key marketing and data management tools. Of course, business continuity will be maintained for both our European and North American clients. We will offer our clients the best of both worlds without disrupting their day-to-day business,” emphasizes Alex Münch, COO at dsb Group.
Solutions for digital and printed content
Darwin CX and dsb are united by a focus on maximizing recurring revenue, seamless integration of online and offline solutions, and a fundamental belief in customer centricity. “The DNA of both companies is the publishing industry. That’s why, together with dsb, we are focusing on customized solutions for printed and digital Content”, stresses Michael Smith, Darwin CX Co-Founder and Chief Technology Officer.
About Darwin CX
Darwin CX is a transformative SaaS and services platform at the leading edge of the subscription and membership economies. Founded in Toronto, Canada, Darwin CX assists brands accelerate acquisition and retention—and increase loyalty—through innovative and customized check-out pages, targeted audience offerings, real-time A/B testing and best-in-class analytics, paywall and customer data platform (CDP). The Darwin CX platform enables clients to have complete freedom and control over customer data in order to tailor the best possible customer experiences. Over 140 well-known publishers and more than 300 brands in the USA, Canada and Australia rely on Darwin CX for their data and subscription management needs. Led by CEO, Liam Lynch, CTO, Michael Smith, COO, Cat Kiernan and President, Cary Zel, Darwin CX is backed by a group of growth equity investors with a common theme of disrupting industries and driving digital innovation including First Ascent Ventures, New Era Capital Partners and Felicitas Global Partners.
About dsb
With dsb fly, the dsb group develops and operates Europe’s leading subscription ecosystem for the publishing industry. Key players in the media industry have been relying on dsb’s holistic and customer-centric monetization solutions for over 50 years. Whether lifestyle products, seminars, events, digital or print titles – the dsb fly ecosystem offers media companies a customized 360-degree customer view of print and digital consumption. This all-round view is the basis for highly individualized worlds of experience and high customer loyalty. dsb fly manages customer relationships along the entire customer life cycle and maximizes subscription retention and sales with accurate subscription offers and highly individualized worlds of experience.
TAGGED WITH: Darwin CX, Liam Lynch, Michael Smith, Cary Zel, dsb, dsb.net, Olaf Bendt, Alex Münch
To find out if Darwin CX and dsb are right for your international business, contact [email protected]
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