CHICAGO, July 02, 2024 (GLOBE NEWSWIRE) — Global Silicon-on-insulator (SOI) Market The market size is estimated to be USD 1.4 billion in 2022, and is projected to grow at a CAGR of 15.0% during the forecast period, reaching USD 2.9 billion by 2027. Increasing adoption of SOI wafer-based devices in automotive applications and growing demand for 5G in mobile communication will play a key role in driving the growth of the SOI market in the near future.
The increasing use of FD-SOI in digital electronics creates opportunities for new IoT devices and applications as this technology promises ultra-low power consumption, ultra-low current leakage, small size, dense packaging, and cost-effectiveness for IoT devices. FD-SOI wafer-based devices have reverse bias characteristics, allowing them to operate at lower voltages without sacrificing area or cost.
Know the assumptions considered in the study.
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Selection subjects Silicon on Insulator Companies include:
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Soytec (France),
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Shin-Etsu Chemical (Japan),
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Global Wafers (Taiwan),
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SUMCO Corporation (Japan)
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Shanghai Simgui Technology (China)
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GlobalFoundries (USA),
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STMicroelectronics (Switzerland),
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Tower Semiconductor (Israel),
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NXP Semiconductors (Netherlands),
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Murata Manufacturing (Japan).
Silicon on Insulator Market Segmentation Analysis:
Based on wafer type, FD-SOI in the silicon-on-insulator market is expected to grow at the highest CAGR during the forecast period.
The FD-SOI wafer segment of the silicon-on-insulator market is expected to register the highest CAGR during the forecast period. The market growth is driven by advantages such as high flexibility, ease of implementation, low cost, reduced complexity, reduced leakage current, and ability to optimize the power-performance trade-off. Several FD-SOI wafer manufacturers are focusing on product launches and collaborations with other players in the silicon-on-insulator market to enhance their product portfolios and meet the increasing demand for FD-SOI wafers. For example, in August 2022, Google is expanding its open-source chip development efforts with US foundry Skywater Technology to 90nm FD-SOI technology.
Based on application, consumer electronics accounted for the largest portion of the silicon-on-insulator market.
SOI-based wafers are used in consumer electronics such as smartphones, tablets, wearables, laptops, cable modems, televisions, and set-top boxes to reduce size, reduce power consumption, increase operating speed, and extend battery life. These wafers also improve performance and make the device less dependent on temperature. Also, SOI-based microprocessors require less space than traditional embedded memories. As a result, the demand for SOI in consumer electronics is growing rapidly. In 2021, the consumer electronics segment accounted for the largest share of the silicon-on-insulator market.
Based on region, the silicon on insulator market in Asia Pacific is expected to grow at the fastest CAGR during the forecast period.
The silicon on insulator market in Asia Pacific is expected to register the highest CAGR during the forecast period. The market growth is attributed to the increasing demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables. In addition, government investments and the expansion of several semiconductor foundry companies and wafer manufacturers are contributing to the market growth.
Silicon on Insulator Market Insights:
Silicon on insulator market by size and market share
The global silicon-on-insulator (SOI) market size is expected to reach USD 1.4 billion in 2022 and USD 2.9 billion by 2027. The key drivers of this growth include increasing demand for 5G mobile communication, rising demand for energy-efficient and high-performance electronics, expansion of the automotive sector, and investments in autonomous driving technologies. Based on wafer size, the market is dominated by 300mm wafers, although sub-200mm wafers also account for a significant share. Based on wafer type, the fully depleted silicon-on-insulator (FD-SOI) segment is expected to lead the market.
Silicon-on-insulator market growth rate
The key drivers for this growth include increasing demand for 5G mobile communications, rising demand for energy-efficient and high-performance electronic devices, expansion of the automotive sector, and investments in driverless technologies such as advanced driver assistance systems (ADAS). The market is expected to benefit from the transition to 5G as SOI technology enables clear connectivity from wider range of locations and supports the high speed and low latency requirements of 5G networks. Moreover, increasing adoption of SOI-based devices in consumer electronics such as smartphones, tablets, and laptops is also driving the market growth. Asia Pacific is projected to lead the global SOI market owing to increasing investments and surge in demand for consumer electronics and wireless communications.
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