Table of Content

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 GEOGRAPHIC SCOPE 29
1.3.2 YEARS CONSIDERED 29
1.4 CURRENCY 30
1.5 PACKAGE SIZE 30
1.6 MARKET STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 30

2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 THIN WAFER MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 35
2.1.2.3 Breakdown of primaries 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM KEY MARKET PLAYERS IN THIN WAFER MARKET 36
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN THIN WAFER MARKET 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3?BOTTOM-UP ESTIMATION OF THIN WAFER MARKET, BY WAFER SIZE 38
2.2.1 BOTTOM-UP APPROACH 38
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 38
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 39
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 39
FIGURE 7 MARKET SIZE ESTIMATION METH0DOLOGY: TOP-DOWN APPROACH 39
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 8 DATA TRIANGULATION 40
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 41
2.4.1 ASSUMPTIONS 41
2.4.2 LIMITATIONS 41

3 EXECUTIVE SUMMARY 42
3.1 SCENARIO ANALYSIS 43
FIGURE 9 COMPARISON OF PRE- AND POST-COVID-19 MARKET SIZE AND CAGR OF THIN WAFER MARKET, BY SCENARIO, 2016–2025 43
FIGURE 10 COMPARISON OF PRE- AND POST-COVID-19 MARKET SIZE AND CAGR OF WAFER THINNING EQUIPMENT MARKET, BY SCENARIO, 2016–2025 43
3.1.1 PRE-COVID-19 SCENARIO 44
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19) 44
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19) 44
3.1.4 REALISTIC SCENARIO (POST-COVID-19) 44
FIGURE 11 300 MM WAFER TO ACCOUNT FOR LARGEST MARKET SHARE IN 2020 45
FIGURE 12 THIN WAFER MARKET, BY WAFER SIZE, 2020-2025
(MILLION SQUARE INCHES) 46
FIGURE 13 MEMORY APPLICATION TO HOLD LARGEST SIZE OF THIN WAFER MARKET
IN 2025 46
FIGURE 14 WAFER THINNING EQUIPMENT MARKET FOR LED APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2025 47
FIGURE 15 APAC TO BE MOST FAVOURABLE REGION FOR THIN WAFER MARKET IN 2025 48
FIGURE 16 WAFER THINNING EQUIPMENT MARKET IN APAC TO HOLD LARGEST
SHARE IN 2025 48

4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THIN WAFER MARKET 50
FIGURE 17 THIN WAFERS EXPECTED TO WITNESS HIGH ADOPTION RATE DURING FORECAST PERIOD 50
4.2 WAFER THINNING EQUIPMENT MARKET, BY TECHNOLOGY 50
FIGURE 18 DICING TECHNOLOGY TO CONTINUE TO HOLD LARGEST MARKET SHARE IN COMING YEARS 50
4.3 THIN WAFER MARKET, BY APPLICATION 51
FIGURE 19 MARKET FOR LED EXPECTED TO GROW AT HIGHEST CAGR BETWEEN
2020 AND 2025 51
4.4 WAFER THINNING EQUIPMENT MARKET, BY TECHNOLOGY AND APPLICATION 51
FIGURE 20 MEMORY AND LOGIC TO BE MOST FAVOURABLE APPLICATION AREAS FOR WAFER THINNING EQUIPMENT MARKET IN 2025 51
4.5 GEOGRAPHICAL ANALYSIS OF THIN WAFER MARKET 52
FIGURE 21 CHINA TO EXHIBIT HIGHEST CAGR IN THIN WAFER MARKET GLOBALLY BETWEEN 2020 AND 2025 52
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5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 22 THIN WAFER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Rising adoption of MEMS technology in portable health monitoring devices 54
5.2.1.2 Increasing focus on e-learning amid COVID-19 drives demand for smartphones, tablets, laptops, and telecommunication systems 54
5.2.1.3 Reducing sizes of electronic devices 54
5.2.1.4 Growing smartphone and consumer electronics markets 54
5.2.1.5 High amount of material saving 55
FIGURE 23 DRIVERS: IMPACT ANALYSIS 55
5.2.2 RESTRAINTS 56
5.2.2.1 Efficiency maintenance?major issue for thin wafers 56
FIGURE 24 RESTRAINTS: IMPACT ANALYSIS 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Expanding IC industry in China 56
5.2.3.2 Growing adoption of IoT and AI in automotive sector 56
FIGURE 25 ESTIMATION OF IOT CONNECTIONS BY 2025 (BILLION) 57
5.2.3.3 Rising adoption of portable devices 57
FIGURE 26 OPPORTUNITIES: IMPACT ANALYSIS 57
5.2.4 CHALLENGES 58
5.2.4.1 Thin wafers being volatile and susceptible to damage caused by pressure or stress 58
5.2.4.2 Delay of investment plans for capacity expansion by wafer manufacturers due to COVID-19 58
FIGURE 27 CHALLENGES: IMPACT ANALYSIS 58
5.3 AVERAGE SELLING PRICE TREND 59
FIGURE 28 AVERAGE COST OF THIN WAFERS PER SQUARE INCH 59
5.4 REGULATORY UPDATE 59
5.5 VALUE CHAIN ANALYSIS 60
FIGURE 29 VALUE CHAIN ANALYSIS: INTEGRATED DEVICE MANUFACTURERS ADD MAJOR VALUE 60
5.6 MARKET MAP 61
5.7 TECHNOLOGY ANALYSIS 61
5.7.1 SILICON CARBIDE (SIC) TECHNOLOGY 61
TABLE 1 COMPARISON OF BENEFITS OF SIC TECHNOLOGY WITH OTHER TECHNOLOGIES 62
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5.8 CASE STUDY ANALYSIS 62
5.8.1 STMICROELECTRONICS SELECT CREE’S SILICON CARBIDE BARE AND EPITAXIAL WAFERS 62
5.8.2 INFINEON TECHNOLOGIES AND UMC ANNOUNCE MANUFACTURING AGREEMENT 63

6 THIN WAFER MARKET, BY PROCESS 64
6.1 INTRODUCTION 65
FIGURE 30 TEMPORARY BONDER AND DEBONDER MARKET SIZE 65
6.2 TEMPORARY BONDING & DEBONDING 65
6.2.1 MARKET ADHESIVES 65
6.2.1.1 UV-release adhesives 66
6.2.1.2 Thermal-release adhesives 66
6.2.1.3 Solvent-release adhesives 66
6.3 CARRIER-LESS APPROACH (TAIKO PROCESS) 66

7 THIN WAFER MARKET, BY WAFER SIZE 67
7.1 INTRODUCTION 68
FIGURE 31 300-MM WAFER MARKET TO GROW AT HIGHEST CAGR BETWEEN
2020 AND 2025 68
TABLE 2 THIN WAFER MARKET, BY WAFER SIZE, 2016–2019
(MILLION SQUARE INCHES) 68
TABLE 3 THIN WAFER MARKET, BY WAFER SIZE, 2020–2025
(MILLION SQUARE INCHES) 69
TABLE 4 THIN WAFER MARKET, BY WAFER SIZE, 2016–2019 (USD MILLION) 69
TABLE 5 THIN WAFER MARKET, BY WAFER SIZE, 2020–2025 (USD MILLION) 69
7.2 125 MM 70
7.2.1 MARKET FOR 125 MM WAFERS TO BE IMPACTED DUE TO GROWING ADOPTION OF LARGER DIAMETER WAFERS BY SEMICONDUCTOR MANUFACTURERS 70
TABLE 6 THIN WAFER MARKET FOR 125 MM WAFER SIZE BY APPLICATION,
2016–2019 (MILLION SQUARE INCHES) 70
TABLE 7 THIN WAFER MARKET FOR 125 MM WAFER SIZE BY APPLICATION,
2020–2025 (MILLION SQUARE INCHES) 70
TABLE 8 THIN WAFER MARKET FOR 125 MM WAFER SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 71
TABLE 9 THIN WAFER MARKET FOR 125 MM WAFER SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 71
7.3 200 MM 72
7.3.1 DEMAND FOR 200 MM WAFERS TO WITNESS A STEADY GROWTH DURING THE FORECAST PERIOD 72
TABLE 10 THIN WAFER MARKET FOR 200 MM WAFER SIZE, BY APPLICATION,
2016–2019 (MILLION SQUARE INCHES) 72
TABLE 11 THIN WAFER MARKET FOR 200 MM WAFER SIZE, BY APPLICATION,
2020–2025 (MILLION SQUARE INCHES) 72
TABLE 12 THIN WAFER MARKET FOR 200 MM WAFER SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 73
TABLE 13 THIN WAFER MARKET FOR 200 MM WAFER SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 73
7.4 300 MM 74
7.4.1 300 MM WAFER MARKET EXPECTED TO WITNESS HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 74
TABLE 14 THIN WAFER MARKET FOR 300MM WAFER SIZE, BY APPLICATION,
2016–2019 (MILLION SQUARE INCHES) 74
TABLE 15 THIN WAFER MARKET FOR 300MM WAFER SIZE, BY APPLICATION,
2020–2025 (MILLION SQUARE INCHES) 74
TABLE 16 THIN WAFER MARKET FOR 300 MM WAFER SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 75
TABLE 17 THIN WAFER MARKET FOR 300 MM WAFER SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 75
8 THIN WAFER MARKET, BY APPLICATION 76
8.1 INTRODUCTION 77
FIGURE 32 THIN WAFER SHIPMENTS FOR LED APPLICATIONS TO GROW AT HIGHEST RATE BETWEEN 2020 AND 2025 77
TABLE 18 THIN WAFER MARKET SIZE, BY APPLICATION, 2016–2019
(MILLION SQUARE INCHES) 77
TABLE 19 THIN WAFER MARKET SIZE, BY APPLICATION, 2020–2025
(MILLION SQUARE INCHES) 78
FIGURE 33 MEMORY TO BE LARGEST SEGMENT OF THIN WAFERS MARKET IN 2020 78
TABLE 20 THIN WAFER MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 79
TABLE 21 THIN WAFER MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 79
TABLE 22 WAFER THINNING EQUIPMENT MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 80
TABLE 23 WAFER THINNING EQUIPMENT MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 80
8.2 MEMS 81
8.2.1 GROWTH OF MEMS IS ATTRIBUTED TO ITS HUGE ADOPTION IN PORTABLE ELECTRONIC DEVICES 81
TABLE 24 THIN WAFER MARKET FOR MEMS DEVICES, BY WAFER SIZE,
2016–2019 (MILLION SQUARE INCHES) 81
TABLE 25 THIN WAFER MARKET FOR MEMS DEVICES, BY WAFER SIZE,
2020–2025 (MILLION SQUARE INCHES) 81
TABLE 26 THIN WAFER MARKET FOR MEMS DEVICES, BY WAFER SIZE,
2016–2019 (USD MILLION) 82
TABLE 27 THIN WAFER MARKET FOR MEMS DEVICES, BY WAFER SIZE,
2020–2025 (USD MILLION) 82
TABLE 28 WAFER THINNING EQUIPMENT MARKET SIZE FOR MEMS APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 82
TABLE 29 WAFER THINNING EQUIPMENT MARKET SIZE FOR MEMS APPLICATION,
BY REGION, 2020–2025 (USD MILLION) 83
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8.3 CIS 83
8.3.1 INCREASING DEMAND FOR CIS FROM AUTOMOTIVE VERTICAL IS EXPECTED TO DRIVE THE DEMAND 83
TABLE 30 THIN WAFER MARKET FOR CIS APPLICATIONS, BY WAFER SIZE, 2016–2019 (MILLION SQUARE INCHES) 83
TABLE 31 THIN WAFER MARKET FOR CIS APPLICATIONS, BY WAFER SIZE, 2020–2025 (MILLION SQUARE INCHES) 84
FIGURE 34 300 MM WAFER SIZE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2020 84
TABLE 32 THIN WAFER MARKET FOR CIS APPLICATIONS, BY WAFER SIZE, 2016–2019 (USD MILLION) 84
TABLE 33 THIN WAFER MARKET FOR CIS APPLICATIONS, BY WAFER SIZE, 2020–2025 (USD MILLION) 85
TABLE 34 WAFER THINNING EQUIPMENT MARKET SIZE FOR CIS APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 85
TABLE 35 WAFER THINNING EQUIPMENT MARKET SIZE FOR CIS APPLICATION,
BY REGION, 2020–2025 (USD MILLION) 85
8.4 MEMORY 86
8.4.1 GROWING ADOPTION OF NAND FLASH MEMORY IN MOBILE ELECTRONICS TO DRIVE THE DEMAND 86
TABLE 36 THIN WAFER MARKET FOR MEMORY DEVICES, BY WAFER SIZE,
2016–2019 (MILLION SQUARE INCHES) 86
TABLE 37 THIN WAFER MARKET FOR MEMORY DEVICES, BY WAFER SIZE,
2020–2025 (MILLION SQUARE INCHES) 86
FIGURE 35 300 MM WAFER SIZE SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025 87
TABLE 38 THIN WAFER MARKET FOR MEMORY DEVICES, BY WAFER SIZE,
2016–2019 (USD MILLION) 87
TABLE 39 THIN WAFER MARKET FOR MEMORY DEVICES, BY WAFER SIZE,
2020–2025 (USD MILLION) 87
TABLE 40 WAFER THINNING EQUIPMENT MARKET SIZE FOR MEMORY APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 88
TABLE 41 WAFER THINNING EQUIPMENT MARKET SIZE FOR MEMORY APPLICATION,
BY REGION, 2020–2025 (USD MILLION) 88
8.5 RF DEVICES 88
8.5.1 GROWING ADOPTION OF RF DEVICES IN SMARTPHONES TO PROPEL THE MARKET GROWTH DURING THE FORECAST PERIOD 88
TABLE 42 THIN WAFER MARKET FOR RF DEVICES, BY WAFER SIZE,
2016–2019 (MILLION SQUARE INCHES) 89
TABLE 43 THIN WAFER MARKET FOR RF DEVICES, BY WAFER SIZE,
2020–2025 (MILLION SQUARE INCHES) 89
TABLE 44 THIN WAFER MARKET FOR RF DEVICES, BY WAFER SIZE,
2016–2019 (USD MILLION) 89
TABLE 45 THIN WAFER MARKET FOR RF DEVICES, BY WAFER SIZE,
2020–2025 (USD MILLION) 89
TABLE 46 WAFER THINNING EQUIPMENT MARKET SIZE FOR RF DEVICES APPLICATION, BY REGION, 2016–2019 (USD MILLION) 90
TABLE 47 WAFER THINNING EQUIPMENT MARKET SIZE FOR RF DEVICES APPLICATION, BY REGION, 2020–2025 (USD MILLION) 90
?
8.6 LED 91
8.6.1 INCREASING DEMAND FOR LED COMPONENTS IN HOME AND INFRASTRUCTURE MARKET TO AUGMENT THE GROWTH DURING THE FORECAST PERIOD 91
TABLE 48 THIN WAFER MARKET FOR LED DEVICES, BY WAFER SIZE,
2016–2019 (MILLION SQUARE INCHES) 91
TABLE 49 THIN WAFER MARKET FOR LED DEVICES, BY WAFER SIZE,
2020–2025 (MILLION SQUARE INCHES) 91
FIGURE 36 300 MM TO BE LARGEST SEGMENT IN 2020 92
TABLE 50 THIN WAFER MARKET FOR LED DEVICES, BY WAFER SIZE, 2016–2019
(USD MILLION) 92
TABLE 51 THIN WAFER MARKET FOR LED DEVICES, BY WAFER SIZE, 2020–2025
(USD MILLION) 92
TABLE 52 WAFER THINNING EQUIPMENT MARKET SIZE FOR LED APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 93
TABLE 53 WAFER THINNING EQUIPMENT MARKET SIZE FOR LED APPLICATION,
BY REGION, 2020–2025 (USD MILLION) 93
8.7 INTERPOSERS 93
8.7.1 REQUIREMENT FOR ADVANCED ARCHITECTURE IN MINIATURE ELECTRONIC DEVICES TO DRIVE THE DEMAND 93
TABLE 54 THIN WAFER MARKET FOR INTERPOSERS, BY WAFER SIZE,
2016–2019 (MILLION SQUARE INCHES) 94
TABLE 55 THIN WAFER MARKET FOR INTERPOSERS, BY WAFER SIZE,
2020–2025 (MILLION SQUARE INCHES) 94
TABLE 56 THIN WAFER MARKET FOR INTERPOSERS, BY WAFER SIZE,
2016–2019 (USD MILLION) 94
TABLE 57 THIN WAFER MARKET FOR INTERPOSERS, BY WAFER SIZE,
2020–2025 (USD MILLION) 94
TABLE 58 WAFER THINNING EQUIPMENT MARKET SIZE FOR INTERPOSER APPLICATION, BY REGION, 2016–2019 (USD MILLION) 95
TABLE 59 WAFER THINNING EQUIPMENT MARKET SIZE FOR INTERPOSER APPLICATION, BY REGION, 2020–2025 (USD MILLION) 95
8.8 LOGIC 96
8.8.1 HIGH PENETRATION OF AFFORDABLE CLOUD COMPUTING SOLUTIONS TO DRIVE THE DEMAND FOR LOGIC DEVICES 96
TABLE 60 THIN WAFER MARKET FOR LOGIC, BY WAFER SIZE, 2016–2019
(MILLION SQUARE INCHES) 96
TABLE 61 THIN WAFER MARKET FOR LOGIC, BY WAFER SIZE, 2020–2025
(MILLION SQUARE INCHES) 96
TABLE 62 THIN WAFER MARKET FOR LOGIC, BY WAFER SIZE, 2016–2019
(USD MILLION) 96
TABLE 63 THIN WAFER MARKET FOR LOGIC, BY WAFER SIZE, 2020–2025
(USD MILLION) 97
TABLE 64 WAFER THINNING EQUIPMENT MARKET SIZE FOR LOGIC APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 97
TABLE 65 WAFER THINNING EQUIPMENT MARKET SIZE FOR LOGIC APPLICATION,
BY REGION, 2020–2025 (USD MILLION) 97
?
8.9 OTHERS 98
TABLE 66 THIN WAFER MARKET FOR OTHERS, BY WAFER SIZE, 2016–2019
(MILLION SQUARE INCHES) 98
TABLE 67 THIN WAFER MARKET FOR OTHERS, BY WAFER SIZE, 2020–2025
(MILLION SQUARE INCHES) 98
TABLE 68 THIN WAFER MARKET FOR OTHERS, BY WAFER SIZE, 2016–2019
(USD MILLION) 99
TABLE 69 THIN WAFER MARKET FOR OTHERS, BY WAFER SIZE, 2020–2025
(USD MILLION) 99
TABLE 70 WAFER THINNING EQUIPMENT MARKET SIZE FOR OTHER APPLICATIONS,
BY REGION, 2016–2019 (USD MILLION) 99
TABLE 71 WAFER THINNING EQUIPMENT MARKET SIZE FOR OTHER APPLICATIONS,
BY REGION, 2020–2025 (USD MILLION) 99
8.10 MOST NEGATIVELY IMPACTED INDUSTRY BY COVID-19 100
8.10.1 RF DEVICES 100
FIGURE 37 PRE- AND POST-COVID-19 MARKET COMPARISON FOR THIN WAFER MARKET, BY RF DEVICES APPLICATION 100
FIGURE 38 PRE- AND POST-COVID-19 MARKET COMPARISON FOR WAFER THINNING EQUIPMENT, BY RF DEVICES APPLICATION 100
TABLE 72 THIN WAFER MARKET FOR RF DEVICES APPLICATION, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 101
TABLE 73 WAFER THINNING EQUIPMENT MARKET FOR RF DEVICES APPLICATION,
BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 101
8.10.1.1 Impact analysis 102
8.11 LEAST IMPACTED INDUSTRY BY COVID-19 102
8.11.1 LED 102
FIGURE 39 PRE- AND POST-COVID-19 MARKET COMPARISON FOR THIN WAFER MARKET, BY LED APPLICATION 102
FIGURE 40 PRE- AND POST-COVID-19 MARKET COMPARISON FOR WAFER THINNING EQUIPMENT, BY LED APPLICATION 103
TABLE 74 THIN WAFER MARKET FOR LED APPLICATION, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 103
TABLE 75 WAFER THINNING EQUIPMENT MARKET FOR LED APPLICATION, BY PRE-
AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 103
8.11.1.1 Impact analysis 104
9 THIN WAFER MARKET, BY TECHNOLOGY 105
9.1 INTRODUCTION 106
FIGURE 41 WAFER POLISHING EQUIPMENT MARKET TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2025 106
TABLE 76 WAFER THINNING EQUIPMENT MARKET SIZE, BY TECHNOLOGY,
2016–2019 (USD MILLION) 106
TABLE 77 WAFER THINNING EQUIPMENT MARKET SIZE, BY TECHNOLOGY,
2020–2025 (USD MILLION) 107
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9.2 WAFER GRINDING 107
9.2.1 WAFER GRINDING PROCESS IS ATTRACTING MANUFACTURERS DUE TO ITS PROMISING APPLICATION IN THE MINIATURIZATION AND PACKAGING OF SEMICONDUCTOR DEVICES 107
TABLE 78 WAFER GRINDING EQUIPMENT MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 108
TABLE 79 WAFER GRINDING EQUIPMENT MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 108
TABLE 80 WAFER GRINDING EQUIPMENT MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 108
TABLE 81 WAFER GRINDING EQUIPMENT MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 109
9.3 WAFER POLISHING 109
9.3.1 DEMAND FOR THIN WAFERS WITH SMOOTH SURFACE FOR SEAMLESS INTEGRATION TO DRIVE THE DEMAND FOR WAFER POLISHING EQUIPMENT 109
TABLE 82 WAFER POLISHING EQUIPMENT MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 109
TABLE 83 WAFER POLISHING EQUIPMENT MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 110
TABLE 84 WAFER POLISHING EQUIPMENT MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 110
TABLE 85 WAFER POLISHING EQUIPMENT MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 110
9.4 WAFER DICING 111
9.4.1 WAFER DICING EQUIPMENT MARKET TO ACCOUNT FOR THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 111
TABLE 86 WAFER DICING EQUIPMENT MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 111
TABLE 87 WAFER DICING EQUIPMENT MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 112
TABLE 88 WAFER DICING EQUIPMENT MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 112
TABLE 89 WAFER DICING EQUIPMENT MARKET SIZE, BY REGION,
2020–2025 (USD MILLION) 112

10 THIN WAFER MARKET, BY GEOGRAPHY 113
10.1 INTRODUCTION 114
FIGURE 42 THIN WAFER MARKET: GEOGRAPHIC SNAPSHOT, 2020–2025 114
TABLE 90 THIN WAFER MARKET, BY REGION, 2016–2019 (USD MILLION) 114
TABLE 91 THIN WAFER MARKET, BY REGION, 2020–2025 (USD MILLION) 115
TABLE 92 WAFER THINNING EQUIPMENT MARKET, BY REGION,
2016–2019 (USD MILLION) 115
TABLE 93 WAFER THINNING EQUIPMENT MARKET, BY REGION,
2020–2025 (USD MILLION) 115
10.2 AMERICAS 116
FIGURE 43 AMERICAS: GEOGRAPHIC SNAPSHOT, 2019 116
TABLE 94 AMERICAS: THIN WAFER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 117
TABLE 95 AMERICAS: THIN WAFER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 117
TABLE 96 AMERICAS: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 117
TABLE 97 AMERICAS: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 118
10.2.1 IMPACT OF COVID-19 ON THIN WAFER MARKET IN AMERICAS 118
FIGURE 44 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR THIN WAFER MARKET IN AMERICAS 118
FIGURE 45 PRE- AND POST-COVID-19 MARKET COMPARISON FOR WAFER THINNING EQUIPMENT IN AMERICAS 119
TABLE 98 THIN WAFER MARKET IN AMERICAS, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD BILLION) 119
TABLE 99 WAFER THINNING EQUIPMENT MARKET IN AMERICAS, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 119
10.2.2 US 120
10.2.2.1 US would lead thin wafer market in Americas during forecast period 120
10.2.3 CANADA 120
10.2.3.1 Government support to promote use of electric vehicles and growing telecom industry to drive thin wafer market in Canada 120
10.2.4 REST OF AMERICAS 120
10.2.4.1 Growing demand for semiconductor devices from consumer electronics and automotive industries to fuel thin wafer market growth in Rest of Americas 120
10.3 EMEA 121
FIGURE 46 EMEA: GEOGRAPHIC SNAPSHOT, 2019 121
TABLE 100 EMEA: THIN WAFER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 122
TABLE 101 EMEA: THIN WAFER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 122
TABLE 102 EMEA: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION, 2016–2019 (USD MILLION) 122
TABLE 103 EMEA: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION, 2020–2025 (USD MILLION) 123
10.3.1 IMPACT OF COVID-19 ON THIN WAFER MARKET IN EMEA 123
FIGURE 47 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR THIN WAFER MARKET
IN EMEA 123
FIGURE 48 PRE- AND POST-COVID-19 MARKET COMPARISON FOR WAFER THINNING EQUIPMENT IN EMEA 124
TABLE 104 THIN WAFER MARKET IN EMEA, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD BILLION) 124
TABLE 105 WAFER THINNING EQUIPMENT MARKET IN EMEA, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 124
10.3.2 UK 125
10.3.2.1 Increase in demand for portable medical devices in UK to spur demand for thin wafers 125
10.3.3 GERMANY 125
10.3.3.1 Growing adoption of MEMS sensors in automotive industry to drive thin wafer market 125
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10.3.4 FRANCE 125
10.3.4.1 Increased EV manufacturing to bolster market growth in France 125
10.3.5 REST OF EMEA 126
10.3.5.1 Dearth of thin wafer manufacturers could be an opportunity for new investments in Rest of EMEA 126
10.4 APAC 126
FIGURE 49 APAC: GEOGRAPHIC SNAPSHOT, 2019 127
TABLE 106 APAC: THIN WAFER MARKET, BY COUNTRY, 2016–2019 (USD MILLION) 127
TABLE 107 APAC: THIN WAFER MARKET, BY COUNTRY, 2020–2025 (USD MILLION) 128
TABLE 108 APAC: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION,
2016–2019 (USD MILLION) 128
TABLE 109 APAC: WAFER THINNING EQUIPMENT MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 129
10.4.1 IMPACT OF COVID-19 ON THIN WAFER MARKET IN APAC 129
FIGURE 50 PRE- AND POST-COVID-19 MARKET SCENARIOS FOR THIN WAFER
MARKET IN APAC 129
FIGURE 51 PRE- AND POST-COVID-19 MARKET COMPARISON FOR WAFER THINNING EQUIPMENT IN APAC 130
TABLE 110 THIN WAFER MARKET IN APAC, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD BILLION) 130
TABLE 111 WAFER THINNING EQUIPMENT MARKET IN APAC, BY PRE- AND POST-COVID-19 SCENARIO, 2016–2025 (USD MILLION) 130
10.4.2 TAIWAN 131
10.4.2.1 Presence of several fabrication facilities and IC manufacturing firms to drive thin wafer market in Taiwan 131
10.4.3 CHINA 131
10.4.3.1 China’s focus on achieving 70% IC self-sufficiency by 2025 to drive thin wafer market 131
10.4.4 JAPAN 132
10.4.4.1 Presence of major market players and end-user industries drive thin wafer market in Japan 132
10.4.5 SOUTH KOREA 132
10.4.5.1 South Korea is expected to hold largest share of thin wafer market in APAC 132
10.4.6 REST OF APAC 132
10.4.6.1 Growing demand for connected devices to drive thin wafer market in Rest of APAC 132

11 COMPETITIVE LANDSCAPE 133
11.1 COMPETITIVE LANDSCAPE OVERVIEW 133
FIGURE 52 KEY DEVELOPMENTS OF LEADING PLAYERS IN THIN WAFER MARKET BETWEEN JANUARY 2017 AND JULY 2020 133
11.2 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2019 134
TABLE 112 SHARE OF TOP 5 PLAYERS IN THIN WAFER MARKET, 2019 134
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11.3 COMPETITIVE SITUATION AND TRENDS 135
FIGURE 53 PRODUCT LAUNCHES IS THE KEY STRATEGY ADOPTED BY THE PLAYERS IN THE THIN WAFER MARKET 135
11.3.1 PRODUCT LAUNCHES 136
TABLE 113 PRODUCT LAUNCHES, JANUARY 2017–JULY 2020 136
11.3.2 AGREEMENTS, COLLABORATIONS, AND CONTRACTS 137
TABLE 114 AGREEMENTS, COLLABORATIONS, AND CONTRACTS,
JANUARY 2017–JULY 2020 137
11.3.3 EXPANSIONS AND MERGERS & ACQUISITIONS 138
TABLE 115 EXPANSIONS AND MERGERS & ACQUISITIONS, JANUARY 2017–JULY 2020 138
11.4 THIN WAFER MARKET, COMPANY EVALUATION MATRIX, 2019 139
11.4.1 STAR 139
11.4.2 PERVASIVE 139
11.4.3 PARTICIPANT 139
11.4.4 EMERGING LEADER 139
FIGURE 54 THIN WAFER MARKET, COMPANY EVALUATION MATRIX (2019) 140
11.5 STRENGTH OF PRODUCT PORTFOLIO 141
FIGURE 55 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THIN WAFER MARKET, 2019 141
11.6 BUSINESS STRATEGY EXCELLENCE 142
FIGURE 56 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THIN WAFER MARKET, 2019 142

12 COMPANY PROFILES 143
12.1 INTRODUCTION 143
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
12.2 KEY PLAYERS 144
12.2.1 SK SILTRON 144
FIGURE 57 SK SILTRON: COMPANY SNAPSHOT 144
12.2.2 SHIN-ETSU CHEMICAL CO., LTD. 146
FIGURE 58 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT 146
12.2.3 SILTRONIC 149
FIGURE 59 SILTRONIC: COMPANY SNAPSHOT 149
12.2.4 SUMCO CORPORATION 152
FIGURE 60 SUMCO CORPORATION: COMPANY SNAPSHOT 152
12.2.5 GLOBALWAFERS CO., LTD. 154
FIGURE 61 GLOBALWAFERS CO., LTD.: COMPANY SNAPSHOT 154
12.2.6 SUSS MICROTEC 157
FIGURE 62 SUSS MICROTEC AG: COMPANY SNAPSHOT 157
12.2.7 LINTEC CORPORATION 159
FIGURE 63 LINTEC CORPORATION: COMPANY SNAPSHOT 159
12.2.8 DISCO CORPORATION 161
FIGURE 64 DISCO CORPORATION: COMPANY SNAPSHOT 161
12.2.9 3M 163
FIGURE 65 3M: COMPANY SNAPSHOT 163
12.2.10 APPLIED MATERIALS 164
FIGURE 66 APPLIED MATERIALS, INC.: COMPANY SNAPSHOT 164
12.3 FIVE YEAR REVENUE ANALYSIS OF MAJOR PLAYERS IN THE THIN WAFER MARKET 165
FIGURE 67 THIN WAFER MARKET: FIVE YEAR REVENUE SNAPSHOT OF MAJOR PLAYERS (USD MILLION) 165
12.4 RIGHT TO WIN 166
12.5 OTHER COMPANIES 167
12.5.1 NISSAN CHEMICAL CORPORATION 167
12.5.2 MECHATRONIC SYSTEMTECHNIK 167
12.5.3 SYNOVA 168
12.5.4 EV GROUP 168
12.5.5 BREWER SCIENCE 169
12.5.6 ULVAC GMBH 169
12.5.7 WAFER WORKS CORPORATION 170
12.5.8 OKMETIC 170
12.5.9 ATECOM TECHNOLOGY CO., LTD. 171
12.5.10 SILTRONIX SILICON TECHNOLOGIES 171
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 172
13.1 INSIGHTS OF INDUSTRY EXPERTS 172
13.2 DISCUSSION GUIDE 173
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 176
13.4 AVAILABLE CUSTOMIZATIONS 178
13.5 RELATED REPORTS 178
13.6 AUTHOR DETAILS 179