The global silicon germanium material is expected to create an incremental opportunity of more than US$ 4.5 Bn by 2022, expanding at a remarkable CAGR of around 12% to 13% during the forecast period 2022-2032. The sales of silicon germanium material are estimated to exceed US$ 10 Bn by the end of 2032, in comparison to the US$ 4 Bn registered in the year 2021.
| Report Attribute | Details |
| Silicon Germanium Material Market Base Year Value (2021) | US$ 4 Billion |
| Silicon Germanium Material Market Expected Value (2022) | US$ 4.5 Billion |
| Silicon Germanium Material Market Anticipated Value (2032) | US$ 10 Billion |
| Silicon Germanium Material Market Projected Growth Rate (2022-2032) | 12% to 13% CAGR |
Silicon germanium material is an alloy with a specific molecular ratio of silicon and germanium. It is primarily used as a semiconductor material in various applications such as fabricating strained silicon metal-oxide-semiconductor transistors and silicon germanium heterojunction transistors for advanced bipolar complementary metal-oxide-semiconductor (BiCMOS) technologies.
Demand for silicon germanium materials is surging at a rapid pace across semiconductor, electric, and electronic industries, owing to its favorable electrical, physical, optical, and thermoelectric properties. These materials are finding a wide range of usages across numerous applications diverse devices such as heat to power transmission devices, fiber optic devices, consumer electronic devices, and others, which is in turn, bolstering the sales in the global market.
Ongoing developments in the semiconductor industry are allowing the exploration of new silicon germanium material applications across the consumer electronics and industrial sectors. In addition to this, growing penetration of mobile technologies such as smartphones, tablets, laptops, and others across the globe is estimated to create highly lucrative growth opportunities in the global silicon germanium material market.
Extravagant cost of silicon germanium material, the presence of low-cost thermoelectric material alternatives such as Bismuth telluride, and introduction of the combination alloys including lead, carbon, silicon, tin, and other semiconductor materials are hindering the sales in the global market.
In addition to this, high cost of electronic devices such as laptops, computers, television, tablets, and others is impeding the sales of these devices, which is in turn, hampering the demand for silicon germanium material across the consumer electronics segment.
Asia Pacific excluding Japan is forecast to register the fastest growth in the global silicon germanium material market between 2022 and 2032, as per Future Market Insights.
There is a significant rise in the penetration of internet and smartphone across Asia Pacific, owing to the growing disposable income and increasing tech-savvy population, creating strong demand for associated components such as semiconductors.
For instance, according to a report by the India Brand Equity Foundation, in 2021, nearly 173 Mn units of smartphones were estimated to be sold across India, projecting a 14% increase as compared to the sales in the year 2020. As silicon germanium material is extensively used for manufacturing semiconductors used in smartphones, accelerating sales of these devices are anticipated to bolster the demand in the Asia Pacific excluding Japan market.
FMI states that North America is estimated to account for a significant share in the global silicon germanium material market during the forecast period 2022-2032.
Due to the implementation of strict regulations regarding carbon emission, growing fuel prices, and introduction of advanced electric vehicles with innovative features, a swift rise in sales of electric vehicles is being witnessed across North America.
According to the International Council on Clean Transportation, more than 315,000 electric vehicles were reported to the sold annually between 2018 and 2020, exhibiting a growth of 2.4% in 2020. As silicon germanium material plays a vital role in production of various automotive components such as radio, GPS, infotainment system, sensors, and others, growing adoption of electric vehicles are expected to favor the growth in the North America market.
Some of the leading players in the silicon germanium material market are Hitachi Ltd., Analog Devices, IBM Corporation, NXP Semiconductors NV, AIXTRON, Applied Materials, Texas Instruments Inc., Tower Semiconductor Ltd., MACOM, Atmel Corporation, Skyworks Solutions, Inc., Infineon Technologies, IHP Microelectronics GmbH, STMicroelectronics N.V, Toshiba Corporation, and others.
Attributed to the presence of such high number of participants and growing adoption of strategies such as collaboration, agreement, merger, and acquisition, the market is highly competitive.
| Report Attribute | Details |
| Growth Rate | CAGR of 12% to 13% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the sales of silicon germanium material in the market is expected to rise at 12% to 13% value CAGR by 2032
The global silicon germanium material market is expected to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.
Hitachi Ltd., Analog Devices, IBM Corporation, NXP Semiconductors NV, AIXTRON, Applied Materials, Texas Instruments Inc., Tower Semiconductor Ltd., MACOM, Atmel Corporation, Skyworks Solutions, Inc., Infineon Technologies, IHP Microelectronics GmbH, STMicroelectronics N.V, Toshiba Corporation, and others are some of the leading players in the prominent silicon germanium material market.
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