PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532840
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532840
Porous Silicon Substrates Market size was valued at USD 5,514.2 Million in 2023, expanding at a CAGR of 8.00% from 2024 to 2032.
Porous silicon substrates are materials made of silicon that have been electrochemically etched to create interconnecting pores. As a result of this process, silicon atoms disintegrate, and a porous structure is formed. Pore sizes and shapes can be achieved by adjusting parameters such as electrolyte composition, etching duration, and current density, which in turn affects the substrate's porosity. Chemical and biological sensing devices benefit from their improved interactions with molecules due to their larger surface area. Because of its special qualities, the market for porous silicon substrates is expanding rapidly across all industries.
Porous Silicon Substrates Market- Market Dynamics
New Advances in Photonics and Optoelectronics to Propel Market Growth
Porous silicon substrates are ideal for use in optoelectronics and photonics due to their tunable optical characteristics. These bases can be applied to the production of photonic devices, including LEDs, where nanoscale light manipulation accuracy is critical. Porous silicon's optical properties can be fine-tuned through control over the size and structure of its pores, opening up new possibilities for breakthroughs in optical communications, displays, and other future sectors. The market for porous silicon substrates in this industry is anticipated to develop significantly due to the rising need for high-performance optoelectronic devices.
Porous Silicon Substrates Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.00% over the forecast period (2024-2032)
Based on type segmentation, the microporous silicon substrate category was predicted to show maximum market share in the year 2023
Based on end user segmentation, the consumer electronics category was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Porous Silicon Substrates Market is segmented based on Type, End User, and Region.
The market is divided into the following categories based on type: Microporous Silicon Substrate, Mesoporous Silicon Substrate, and Macroporous Silicon Substrate. The microporous silicon substrate category dominates the market. Microporous silicon has several specific uses, such as hydrogen storage, gas sensing, explosives, gettering, and catalysis, despite the material's limited chemical stability, which could potentially make industrial exploitation challenging. They are, therefore, widely used in the gas and oil industries. Growth in the chemical or oil and gas industries is therefore predicted to support the segment's growth as well.
The market is divided into three categories based on end users: Consumer Electronics, Healthcare, and Others. The consumer electronics category dominates the market and is likely to maintain its dominance during the forecast period. Porous silicon substrates are widely used in two display technologies used in the consumer electronics industry: micro-LED displays and OLED (Organic Light Emitting Diode) displays. Because the silicon substrate is porous, more light can be extracted, improving the display's overall brightness and clarity. As a result, the screens of consumer items like televisions, tablets, and smartphones may be brighter and more vivid.
Porous Silicon Substrates Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Throughout the forecast period, North America is anticipated to hold the greatest share of the global market for porous silicon substrates, which is supported by the growth of the electronics industry in the area and the high chemical consumption of Americans. It was estimated that the U.S. consumer electronics market will generate almost 300 billion dollars in revenue in 2019. Furthermore, it was calculated that the amount of chemicals consumed in 2020 would be at least 230 million tons, a 4% increase over 2019. Important market participants have also been investing more, which is expected to support the market's rise. Furthermore, efforts are being made by the government to facilitate the growth of porous silicon substrates in this area, which would further impact the market.
In addition, the porous silicon substrates market is anticipated to expand at the fastest rate in the world during the projected period in Asia Pacific. Growing end-user industry recovery is a contributing factor to the market's expansion in this region. Due to the region's advantageous production and end-user capturing conditions, it is expected that many firms will move their manufacturing operations or expand them there. East Asian sales are highly dependent on the growth of the manufacturing and electronics sectors, both of which use a lot of porous silicon substrates.
In the porous silicon substrates market, the leading players are Tetreon Technologies, Microchemicals GmbH, Refractron Technologies, Sanghai Famous Trade Co Ltd., and others. Leading market participants have employed diverse tactics, including procurement, contracting, business growth, business extension, partnership, product introduction, ingenuity, and product extension, to enhance their presence in the porous silicon substrates industry.
July 2022: Neoplas Med GmbH has received funding from NGK Spark Plug Co., Ltd. via a CVC fund that Pegasus Tech Ventures jointly manages. Low-temperature plasma jet therapy is a novel wound healing technique that Neoplas Med GmbH just introduced.
January 2021: With the assistance of scientists from EPFL, Siltronix Silicon created a metamaterial consisting of silicon and magnetic powder. Its intricate structure permits a range of mechanical capabilities.
March 2020: CSD Epitaxy was bought by Thermco. Thermco was acquired as part of a longer-term plan to increase its global reach and the services it can offer to its clientele in the US, China, Europe, the UK, and other countries. A greater selection of semiconductor manufacturing solutions is now available to customers.
GLOBAL POROUS SILICON SUBSTRATES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
SmartMembranes GmbH
Tetreon Technologies Ltd (Thermco Systems)
Refractron Technologies Corp
Kollex Company Ltd.
NORITAKE CO., LIMITED
NGK Spark Plug
Porous Silicon
Microchemicals GmbH
Sanghai Famous Trade Co Ltd.
Siltronix Silicon Technologies
Others