Silicon Germanium Material Market

Silicon Germanium Material Market Outlook

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.

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.

Which are Some Key Opportunities Elevating the Sales of Silicon Germanium Material in the Global Market?

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.

What are Major Constraints Restraining the Growth in the 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.

Nikhil Kaitwade

Principal Consultant

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Why is Asia Pacific Excluding Japan Accounting of Maximum Silicon Germanium Material Sales in the Global Market?

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.

What are the Factors Favoring the Demand for Silicon Germanium Material in the North America 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.

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Market Competition

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 Scope

Key Segments Profiled in the Silicon Germanium Material Market Survey

By Type:

• Source Materials
• Substrate Materials
• Epitaxial Wafers

By Application:

• Mobile Phones
• Laptops
• CATVs
• Network Devices
• Sensor Devices
• Medical Instruments
• Lighting Devices
• Laser Devices

By End Use Industry:

• Consumer Electronics
• Aerospace & Defense
• Automotive Industry
• Communication Industry
• Medical & Healthcare
• Instrumentation Industry

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa