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The Global Wafer Level Optics Market is estimated to witness a major jump in revenue from US$ 440.7 Million in 2021 to US$ 4,454.3 Million by 2027. The market is registering a CAGR of 47.0% over the projection period 2022-2027. In terms of volume, the market is registering a CAGR of 46.6% during the forecast period. Wafer level optics are optical products manufactured using a semiconductor process on wafers. Presently, Himax's wafer level optics is the key for future photonic technology. It will help to enable the next generation sensing device, AIoT, and machine vision. These optical glass wafers are used to make micro-optic components for sensing applications, including refractive and diffractive optical elements and light guides among others.
Rising demand for ever-smaller micro-optics with wafer level optics and supply chain collaborations driving adoption of wafer-level optics is expected to boost the market for wafer level optics. The growing demand for compact technical products and the miniaturization trend are two developments that are exerting a major influence on the production of micro-optical components. Moreover, close collaboration between material suppliers and process equipment manufacturers is a key to enabling the development and refinement of processes needed to ensure high reliability and manufacturability of wafer level optics for high-quality products. However, the trade dispute between the US and China continues to drag on. The trade issue has already had a significant impact on US electronics imports. Thus, the US-China trade war is imposing several challenges to the growth of the wafer level optics market.
The study of the Global Wafer Level Optics Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the wafer level optics industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Wafer Level Optics Market across 17 Chapters and 139 pages. The report includes data presentation across 35 tables and 52 statistical figures.
The report also provides Wafer Level Optics (WLO) manufacturing cost analysis, wherein the key raw material for WLO includes glass, polysilicon, and other semiconductor components. The report also shows key raw materials price trends, as glass prices can vary significantly depending on the type of glass employed, by the supplier, and region of the world. Moreover, it also includes key suppliers of raw materials and the proportion of manufacturing cost structure. In wafer manufacturing cost analysis, there are for major components i.e., raw material, machinery and facilities, labor, and others.
The subsequent section provides details of the market analysis based on different segments such as type, application, and region. The report includes a detailed study of the value chain of the industry. It includes raw material suppliers, wafer level optics manufacturers, distributors/market intermediaries, and end-users. The report also covers extensively the key competitors in the market for wafer level optics.
Wafer Level Optics (WLO) Manufacturing Cost Analysis
The manufacturing process of the Wafer Level Optics consists of mainly 5 steps:
Impact of COVID-19 on Global Wafer Level Optics Market
The spread of the novel coronavirus, i.e., COVID-19 has severely squeezed the global wafer level optics market. Amidst the pandemic, the end-users of wafer level optics have observed several challenges such as a decline in the demand for consumer electronics and others. Moreover, the market players encountered disruption in the supply chain of the wafer level optics, backed by the lockdown in several countries and governmental norms in the movement of goods across regions.
However, post the COVID-19 pandemic, the wafer level optics market is expected to foresee a considerable growth of 43.1% in 2022. This regains of market value can be backed by the continuous rise in the adoption rate of wafer level optics in the electronics industry and industrial sector.
Key Takeaways from the Global Wafer Level Optics Market Report
The key players in the Global Wafer Level Optics Market are AMS AG, Himax Technologies, Inc., EV Group, Corning, China Wafer Level CSP Co., Ltd., and AAC Technologies among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Wafer Level Optics Market is segmented based on type, application, and region. The industry trends in the global wafer level optics market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Wafer Level Optics Market:
By Type Segment of the Global Wafer Level Optics Market is Sub- Segmented into:
By Application Segment of the Global Wafer Level Optics Market is Sub- Segmented into:
By Region Type Segment of the Global Wafer Level Optics Market is Sub- Segmented into:
|Market Size Value in 2021||US$ 440.7 Mn|
|Expected Revenue in 2027||US$ 4,454.3 Mn|
|Unit||Value (USD Mn)|
|Segments covered||By Type, Application, and Region|
|Key Companies||AMS AG, Himax Technologies, Inc., EV Group, Corning, China Wafer Level CSP Co., Ltd., and other prominent players.|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
The growth rate of the Global Wafer Level Optics Market is 47.0%, with an estimated value of US$ 4,454.3 Million by 2027.
Wafer level optics are optical products manufactured using semiconductor process on wafers.
Global Wafer Level Optics Market is projected to grow at a CAGR of 46.6% during the forecast period 2022-2027.
The development of advanced optical materials requires extensive characterization of chemical, mechanical and optical properties as well as proven scalability for high-volume manufacturing (HVM).
Rising demand for ever-smaller micro-optics with wafer level optics and supply chain collaborations driving adoption of wafer-level optics is expected to boost the market for wafer level optics.
Commotion in the electronics industry post US-China Trade War inhibits the growth in the Global Wafer Level Optics Market.
Micro-Lens Array segment contributed the major share in the global wafer level optics market in 2021.
The recent trends in the semiconductor industry such as thin-wafer handling, 3D-IC/TSV, subwavelength metal gratings for color filtering in CMOS technology and others will have a significant impact on the prospering micro-optics industry in the near future.
China holds a major share in term of revenue in the global wafer level optics market in 2021.
Types and application are the different segments of the global wafer level optics market.
Laser medical segment is expected to project the highest CAGR of 51.4% in the global wafer level optics market during forecast period.
Some of the key players operating in the global wafer level market include AMS AG, Himax Technologies, Inc., EV Group, Corning, China Wafer Level CSP Co., Ltd. and AAC Technologies among others.