Silicon-on-Insulator (SOI) Market to See Significant Growth Over the Next Few Years

The global silicon on insulator (SOI) market is expected to grow at a significant CAGR as its applications start to rise across the globe. The factors that are playing a major role in the growth are the rising use of SOI wafers in customer electronic devices offering high performance and low operating voltage. However, the lack of an intellectual property ecosystem and the lack of knowledge may restrain the overall market growth in the years to come. The market forecast was reported by Radiant Insights in its report titled, Global Silicon on Insulator (SOI) In-Depth Market by Manufacturers, Regions, Type and Application, Forecast to 2023.

Silicon on insulator (SOI) is a semiconductor fabrication technology that uses pure crystal silicon oxide and silicon for microchips and integrated circuits. According to Radiant’s report, the market of silicon on insulator (SOI) in-depth is segmented based on product type, wafer size, application, and region. Image sensing, RF FEM, optical communication, MEMS, power, and other product types could be explored in silicon on insulator (SOI) market in the forecast period. Based on the wafer size, 300 mm, 200 mm, and less than 200 mm could classify silicon on insulator (SOI) in-depth in the forecast period. The 300 mm sector is estimated to grow at the highest CAGR in the years to come.

The market may be categorized based on applications like telecommunications, automotive, photonics, computing and mobile, entertainment and gaming, and others could be explored in the forecast period. The automotive sector may account for the significant share of silicon on insulator (SOI) market and is estimated to lead the overall market in the years to come. The reason could be the growing number of manufacturers investing in driverless cars and ADAS.

The Silicon on insulator (SOI) market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).Globally, Asia Pacific may account for the significant market share of silicon on insulator (SOI) in-depth and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of several consumer electronic industries, wafer and foundry players, and smartphone manufacturers. The developing countries like India and China are the major consumers of silicon on insulator (SOI) in this region.

Some of the key players of SOI market include Murata Manufacturing, Soitec, NXP Semiconductor N.V., Shin-Etsu Chemical, TowerJazz, GlobalWafers, STMicroelectronics N.V., SUMCO, GlobalFoundries, and Simgui. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Geographically, the report has been segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Silicon on Insulator (SOI) in these regions, from 2012 to 2023 (forecast), covering North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into SOI Market, by Wafer Size 200 mm, 300 mm and others. On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Silicon on Insulator (SOI) for each application, including Automotive, Computing and Mobile, Entertainment and Gaming, Photonics, Telecommunications and others.

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