Porous Silicon Substrates Market size was over USD 5.8 billion in 2024 and is poised to exceed USD 14.67 billion by 2037, witnessing over 7.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of porous silicon substrates is estimated at USD 6.14 billion. The primary growth factor of porous silicon substrates market is attributed to increase in number of Internet of Things (IoT) across the world. Recent data revealed that the number of Internet of Things (IoT) is forecasted to be tripled from 10 billion in 2020 to 30 billion in 2030.
The penetration of technology plays an important role in the development of macro-porous silicon and especially with the innovation of the IoT and connected devices, the porous silicon substrates market is estimated to witness rapid growth. Increasing demand for porous silicon substrates for a high degree of biocompatibility, and the development of advanced semiconductor components, are expected to propel demand over the coming years. Thus, the high revenue generation by IoT are anticipated to expand the porous silicon substrates market. By 2025, IoT solutions is forecasted to generate around 12 trillion dollars worldwide. Further, porous silicon substrates are widely employed in a variety of applications, including computers, energy devices, medical devices, information and communications technology, and other applications which is estimated to boost the market.
Growth Drivers
Expansion of Electronics Sector – Porous silicon substrates are being highly utilized in wide range of electronics such as computers, energy devices, healthcare devices and other applications. Thus, the growth in expansion of electronics sector, especially the developments in Internet of Technology (IoT), is anticipated to gather notable revenue in the assessment period. As per recent estimates, it was calculated that the revenue generated by the U.S. electronics industry in 2019 stood up at USD 300 billion.
Growth in Healthcare Sector – Porous silicon substrates are a preferred choice for the manufacturing of medical devices owing to its characteristics such as efficient solutions, bio-compatibility silicon, environmental monitoring, photo-electrochemical cells, and buffer layer in heteroepitaxy. Lately, it was estimated that revenue generation by healthcare segment stood up at approximately USD 60 billion in 2022.
Surge in Chemical Industry – Latest reports stated that the revenue garnered by the global chemical industry in the year 2021 was approximately 4 trillion dollars, a considerable increment from the previous year with 3 trillion dollars.
Rise in Research and Development Expenditure – As per the World Bank, global research and development spending increased to 2.63% of total GDP in 2020.
Growing Urbanization - Presently, more than 50% of the world's population resides in cities. The number of people living in urban areas would more than double to 6 billion by 2045.
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.4% |
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Base Year Market Size (2024) |
USD 5.8 billion |
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Forecast Year Market Size (2037) |
USD 14.67 billion |
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Regional Scope |
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Application (Medical & Healthcare, Battery Applications, Thin Film Applications)
The porous silicon substrates market is segmented and analyzed for demand and supply by application into medical & healthcare, battery applications, thin film applications, and others. Out of these, medical & healthcare segment is attributed to hold largest market share by 2037, owing to the high number of users in healthcare sector. A study stated that by 2025, global healthcare sector users is forecasted to stood up at approximately 1.3 billion people. Also, the user penetration was calculated to be 12% in 2022 and expected to rise to 18% by 2025.
Type (Microporous, Mesoporous, Macroporous)
The global porous silicon substrates market is also segmented and analyzed for demand and supply by type into microporous, mesoporous, and microporous. Amongst which, the microporous segment is anticipated to garner the highest revenue by the end of 2037. Although the low chemical stability of the material may provide difficulties for its industrial exploitation, microporous silicon may be useful for a variety of particular applications including hydrogen storage, catalysis, gettering, explosives, and gas sensing. Hence they are extensively uses in gas and oil industry. Therefore, growth in chemical or oil and gas industry is also estimated to boost the growth of the segment.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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North American Market Forecast
North America industry is anticipated to account for largest revenue share by 2037, backed by expansion of electronics sector in the region, along with high consumption of chemicals by Americans. In 2019, the U.S. consumer electronics industry was predicted to garner almost 300 billion U.S. dollars. Moreover, the calculation of the consumption of chemicals, in the year 2020, was estimated to reach at least 230 million tons, which is 4% more than in 2019. Further, there has been growing investment made by key market players which is also estimated to boost the market expansion. Additionally, government are making an effort in order to support the expansion of porous silicon substrates in this region which would also have an influence on the market.
APAC Market Statistics
Further, the market in the Asia Pacific is also estimated to grow at the fastest rate over the forecast period. The growth of the market in this region can be attribute to growing recovery of end user industries. Owing to the region's favorable production and end-user capturing conditions, numerous manufacturers are anticipated to relocate or expand their manufacturing facilities there. Sales in East Asia are heavily reliant on the expansion of the electronics and manufacturing industries, both of which make heavy use of porous silicon substrates.
NGK SPARK PLUG CO., LTD. have invested in Neoplas med GmbH through a CVC fund jointly operated with Pegasus, Tech Ventures. Neoplas med GmbH had recently launched a unique wound healing technology named as low temperature plasma jet therapy.
The Development Agreement between HPQ Silicon and Apollon Solar SAS ("Apollon"), which was inked in 2017, has been extended through June 30, 2020, according to an announcement. The biggest change to this fourth renewal was that the Agreement's primary focus was on manufacturing and value creation related to the deployment of porous silicon (PSi) in the market for lithium-ion batteries, using Apollon's patented process to make porous silicon wafers with silicon metal (Si) produced by the HPQ PUREVAP quartz reduction reactor ("QRR").
Author Credits: Rajrani Baghel
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