Silicon-Rich Silicon Nitride Films Market - Forecast(2024 - 2030)

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:

1. Acro New Materials Co. Ltd.
2. Head Biotechnology Co. Ltd.
3. Suzhou In-Situ Chip Technology
4. Norcana
5. Hindawi
6. Silicon Valley Microelectronics
7. TED PELLA, Inc.
8. Veryst
9. Agar Scientific Ltd.
10. Beijing Beike 2D Materials Co.,Ltd.

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