Silicon-Rich Silicon Nitride Films Market - Forecast(2023 - 2028)
Silicon-Rich Silicon Nitride Films Market Overview
The Silicon-Rich Silicon Nitride Films
market size is forecasted to grow at a CAGR of around 3.1% during the forecast period 2022 to 2027. The
silicon-rich silicon nitride film is a thin insulating film that offers strong
optical functioning, mechanical strength and barrier. The silicon nitride is
identified from enstatite chondrites. The stoichiometric silicon-rich silicon
nitride films that are prepared through LPCVD have major demand in
chip-integrated microcombs. The silicon nitride films deposited on the silicon
substrate are patterned using the atomic force microscopy for mask fabrication.
The increasing demand of silicon-rich
silicon nitride film in optoelectronics is offering drive in the global
silicon-rich silicon nitride market. Furthermore, the flourishing application
in aerospace, electronics, automotive, energy and power end-use industries will
offer major growth in the market during the forecast period.
Silicon-Rich Silicon Nitride Films Market COVID-19 Impact
The Silicon-Rich Silicon Nitride Films market was majority imparted by the slowdown
and disruptions in the covid-19 outbreak. The silicon-rich silicon nitride films have high
demand for applications in aerospace, electronics and other sectors. The halt
in production activities, transportation restrictions, declining demand and
other lockdown restrictions led to a fall in the growth of market. The aerospace sector
faced major disturbances and slowdown during the pandemic. The shortages in
workforce, restrictions on air travel and the fall in aircraft orders led to the hampering of the aerospace sector. According to the Aerospace Industries Association (AIA),
the total revenue in aerospace industry in U.S. dropped by 2.8% to USD 874
billion and supply chain loss of more than 3.0% in 2019-2020. The declining
growth of aerospace industry impacted the applications of silicon-rich silicon
nitride films, thereby led to fall in demand and growth opportunities. Thus,
the silicon-rich silicon nitride films market faced slowdown and hamper
in the pandemic.
Report Coverage
The report:“ Silicon-Rich Silicon
Nitride Films Market Report – Forecast (2022-2027)” by IndustryARC, covers an
in-depth analysis of the following segments in the global Silicon-Rich Silicon Nitride Films industry.
Key Takeaways
- The
Silicon-Rich Silicon Nitride Films market size will increase owing to its growing application in electronics, photovoltaics, automotive and other sectors during the forecast period.
- The Asia Pacific is the fastest growing region in the global Silicon-Rich Silicon Nitride Films industry owing to established electronics manufacturing base, rising advancement in solar power and high demand for silicon-rich silicon nitride films, thereby boosting the growth in this region.
- The demand of Silicon-Rich Silicon Nitride Films in electronics sector for semiconductor devices and others is growing owing to superior feature such as optical and mechanical strength, transparency and durability.
Figure: Asia Pacific Silicon-Rich Silicon Nitride Films Market Revenue, 2021-2027 (US$ Billion)
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Silicon-Rich Silicon Nitride Films Market Segment Analysis – By Application
By application, the semiconductor is the fastest growing segment and
is expected to grow with a CAGR of around 4.5% during the forecast period. The Silicon-Rich Silicon Nitride Films have major demand in the semiconductor
applications owing to superior properties such as strength, thermal shock
resistance and electrical insulation for various electronic devices. The increasing production and advancement in
the semiconductor chips is propelling the growth in the market. Furthermore, the use of semiconductor circuits
in various electrical devices such as laptop, computer, calculator and others
is boosting the growth in market. According to the National Investment
Promotion & Facilitation Agency, the Indian electronics industry is
expected to reach USD 300 billion by 2025-26. The flourishing electronics
industry and advancement is driving the market. Thus, with major demand of
silicon-rich silicon nitride films for semiconductor applications, the silicon-rich silicon nitride films market share will grow rapidly during the forecast
period.
Silicon-Rich Silicon Nitride Films Market Segment Analysis – By End-Use Industry
By end-use
industry, the electrical and electronics segment held the largest Silicon-Rich Silicon Nitride Films market share
in 2021, with a share of over 22%. The silicon-rich silicon nitride films have
major application such as in optoelectronic devices, integrated circuits,
semiconductor devices, micromechanic devices and others. These films have strong mechanical and optical
properties and transparency, thereby boosting the demand of enstatite
chondrites identified silicon nitride for on-chip application in the
electronics industry. Furthermore, the growing production of electrical devices
and semiconductor is propelling the growth of silicon-rich silicon nitride
films market. According to the Semiconductor Industry Association (SIA), the
worldwide sales of the semiconductor accounted for USD 151.7 billion in first
quarter of 2022. The rise in application of silicon-rich silicon nitride films,
along with zirconium oxide thin film in the optoelectronics, consumer
electrical and others is boosting the growth prospects of global xx market.
Thus, the global silicon-rich silicon nitride films industry will grow rapidly
during the forecast period.
Silicon-Rich Silicon Nitride Films Market Segment Analysis – By Geography
By geography, the Asia Pacific is the fastest-growing region in the Silicon-Rich Silicon Nitride Films market and is expected to grow with a CAGR of around 4.7% during the forecast period. Asia-Pacific holds the largest portion of Silicon-Rich Silicon Nitride Films market share in 2021. The demand of the silicon-rich silicon nitride films in this region is growing due to flourishing manufacturing base and high demand from major end user industries. The growth of automotive, aerospace, energy and power and others industries is propelling the demand of silicon-rich silicon nitride films. The silicon nitride films have major application in photovoltaics in solar cells. Moreover, the growth of energy and solar power utilities in this region is boosting the growth in the market. According to the International Energy Agency (IEA), the power generation from solar PV increased by 156 TWh in 2020, with around 75% increase from China in annual solar PV installation from 2019 to 2020. Furthermore, the rising demand of stoichiometric silicon nitride films in consumer electronics, aerospace and other end use industries and advancement in this region will boost growth opportunities in the global silicon-rich silicon nitride films industry. Thus, the silicon-rich silicon nitride films market size will grow rapidly during the forecast period.
Silicon-Rich Silicon Nitride Films Market Drivers
Growing demand of the silicon-rich silicon nitride films in energy and power sector
The Silicon-Rich Silicon Nitride Films have
major demand in the energy and photovoltaics applications. It is used in the
energy efficient lighting systems, solar cells and others due to superior
properties such as mechanical strength, wide spectrum range and durability.
Moreover, growth in energy and power production and development projects is
offering drive in the silicon-rich silicon nitride films market. According to the India Brand Equity Foundation
(IBEF), the power consumption in India is expected to reach 1,894.7 TWh in
2022. The flourishing advancement in the energy and power applications for
silicon-rich silicon nitride film is offering major growth prospects to the
market. Thus, the global silicon-rich silicon nitride films industry is growing
rapidly.
High demand in the optoelectronics application
The Silicon-Rich Silicon Nitride Films have growing application in the optoelectronics sector owing to superior optoelectronic and mechanical properties and high refractive index. These films are masks fabricated through atomic force microscopy. The growing use of silicon-rich silicon nitride films in optoelectronic devices, solar cells, photonics and others is offering major drive in the market. For instance, the Mitsubishi Electric Corporation launched the ML562G86 pulse diode for projects involving vibrant 638-nanometer. Furthermore, according to the National Investment Promotion & Facilitation Agency, the domestic production in electronics has reached USD 67 billion in 2020-21. The robust growth of optoelectronics in various end use industries and energy-efficient lighting system is propelling the growth of silicon-rich silicon nitride films market. Thus, the silicon-rich silicon nitride films market is growing and experiencing major growth opportunities.
Silicon-Rich Silicon Nitride Films Market Challenges
Rise in raw material prices
The global Silicon-Rich Silicon Nitride Films industry experience major challenge with
rising prices of silicon. The disturbance in the supply and demand chain
affects the prices for silicon in the market. Moreover, the shortage in silicon
is creating a major rise in the prices. The increasing prices of major raw
material used silicon-rich silicon nitride films is creating a hamper in the market, with disturbed
production, supply chain disturbances and hamper in major application in the
market. For instance, according to U.S. Geological Survey (USGS), the average
U.S. spot prices for silicon in April 2021 was 9% more than the average price
in March 2021 and around 49% high than the prices in April 2020. Thus, with
high rise in the prices of silicon material, the overall production cost
increases and creates a final burden on the consumer, thereby affecting the
growth and demand in the market. Thus, owing to a high rise in raw material price
factor, the silicon-rich silicon nitride films market faces slowdown and
hamper.
Silicon-Rich Silicon Nitride Films Industry Outlook
The Silicon-Rich Silicon Nitride Films market's top 10 companies include:
- Acro New Materials Co. Ltd.
- Head Biotechnology Co. Ltd.
- Suzhou In-Situ Chip Technology
- Norcana
- Hindawi
- Silicon Valley Microelectronics
- TED PELLA, Inc.
- Veryst
- Agar Scientific Ltd.
- Beijing Beike 2D Materials Co.,Ltd.
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LIST OF TABLES
1.Global Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)2.Global Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 (Volume/Units)
4.Global Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)
6.North America Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)
8.South America Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)
10.Europe Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)
12.APAC Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Silicon-Rich Silicon Nitride Films Market, by Type Market 2019-2024 ($M)
14.MENA Silicon-Rich Silicon Nitride Films Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
LIST OF FIGURES
1.US Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)2.Canada Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
10.UK Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
12.France Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
16.China Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
17.India Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Silicon-Rich Silicon Nitride Films Industry Market Revenue, 2019-2024 ($M)
21.North America Global Silicon-Rich Silicon Nitride Films Industry By Application
22.South America Global Silicon-Rich Silicon Nitride Films Industry By Application
23.Europe Global Silicon-Rich Silicon Nitride Films Industry By Application
24.APAC Global Silicon-Rich Silicon Nitride Films Industry By Application
25.MENA Global Silicon-Rich Silicon Nitride Films Industry By Application