South & Central America Semiconductor Silicon Wafer Market Forecast to 2031 - Regional Analysis- by Type, Application, and Node Type

The South & Central America semiconductor silicon wafer market was valued at US$ 248.66 million in 2023 and is expected to reach US$ 276.77 million by 2031; it is estimated to register a CAGR of 1.3% from 2023 to 2031.

Increasing Demand for Electric Vehicles Fuels South & Central America Semiconductor Silicon Wafer Market

Electric vehicle (EV) sales are increasing owing to concerns related to environmental protection and government policies favoring low-emission or zero-emission vehicles adoption. Governments of various countries across the globe are offering subsidies and tax rebates to citizens to increase the adoption of EVs. According to IEA’s annual Global Electric Vehicle Outlook 2024, in 2023, ~14 million electric cars were sold worldwide, which is 3.5 million higher than in 2022, recording 35% year-on-year increase and bringing their total number on the roads to 40 million.

This shows that the electric cars’ share in the overall car market has risen to 18% in 2023, up from 14% in 2022. In 2023, many well-known electric vehicle models became credit-eligible due to changes in the Clean Vehicle Tax Credit's eligibility requirements and reductions in the cost of electric cars. For instance, sales of the Tesla Model Y surged by 50% in comparison to 2022, as it was qualified for the entire US$ 7,500 tax credit.

Silicon wafers are used in the fabrication of the ICs, which are used in ADAS components, which fuels their demand among EV manufacturers. In addition, electric vehicles that incorporate silicon-based ICs can enable seamless connectivity with smartphones, voice commands, and entertainment alternatives during charging stops. Silicon-based integrated circuits are used in onboard energy management systems that intelligently distribute power from the battery to various vehicle components. By optimizing power utilization, these systems assist in extending the vehicle's range, minimizing the need for frequent charging, and addressing one of the key concerns of potential electric vehicle customers.

Electric vehicles use high-capacity lithium-ion batteries to store and transfer energy to the electric drivetrain. The battery management system (BMS) monitors and controls the performance as well as the health of the battery pack. Silicon wafers play an important role in the production of BMS-related integrated circuits. Advanced BMS ICs manufactured on silicon wafers can precisely measure battery parameters such as voltage, current, temperature, and state of charge.

This critical data enables the BMS to optimize battery utilization, extend battery life, and ensure safe operation, thereby improving the electric vehicle's overall efficiency and reliability. Overall, the use of silicon wafers in EV components such as inverter systems, power converters, onboard chargers, and motor drives continues to grow. Thus, the increasing demand for EVs is expected to create an opportunity for the growth of the South & Central America semiconductor silicon wafer market during the forecasted period.

South & Central America Semiconductor Silicon Wafer Market Overview

Brazil is witnessing rapid technological adoption and improved designs in infrastructure, contributing to the growth of its consumer electronic industry. The growing investment in R&D by various tech giants, coupled with a rising trend of wearable electronic devices, is expected to offer lucrative opportunities for the growth of the consumer electronics industry in Brazil during the forecast period. Semiconductor silicon wafers are used in the manufacturing of integrated circuits for these wearable devices. As a result, various industry players are expanding their presence in the country to tap into the potential opportunities. In May 2021, LG Electronics announced the expansion of its production facilities in Brazil.

South & Central America Semiconductor Silicon Wafer Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Semiconductor Silicon Wafer Market Segmentation

The South & Central America semiconductor silicon wafer market is categorized into type, application, node type, and country.

• By type, the South & Central America semiconductor silicon wafer market is segmented into Up to 150 mm, Diameter 200mm, Diameter 300mm, and Diameter 450mm. The Diameter 300mm segment held the largest share of the South & Central America semiconductor silicon wafer market share in 2023.
• In terms of application, the South & Central America semiconductor silicon wafer market is segmented into consumer electronics, industrial, telecommunications, automotive, and others. The consumer electronics segment held the largest share of the South & Central America semiconductor silicon wafer market share in 2023.
• Based on node type, the South & Central America semiconductor silicon wafer market is segmented into 180 nm, 130 nm, 90 nm, 65 nm, 45 nm, 22 nm, 14 nm, 7 nm, 5 nm and Below, and Others. The 7 nm segment held the largest share of the South & Central America semiconductor silicon wafer market share in 2023.
• Based on country, the South & Central America semiconductor silicon wafer market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil segment held the largest share of South & Central America semiconductor silicon wafer market in 2023.

NANOCHEMAZONE; Shin-Etsu Chemical Co Ltd; Sino-American Silicon Products Inc.; and Wafer Works Corp are some of the leading companies operating in the South & Central America semiconductor silicon wafer market.

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