Silicon on Insulator Market - In-depth Analysis of the Industry with Forecast

Posted by Devanshu Shrivastava on November 10th, 2020

The silicon on insulator market is expected to generate a revenue of 2,285.5 million dollar by 2024, increasing from 684.8 million dollar in 2018, progressing at a 22.7% CAGR during the forecast period (2019–2024). On the basis of wafer type, the market is divided into imager-SOI, photonics-SOI, power-SOI, partially depleted SOI, fully depleted SOI (FD-SOI), and radio-frequency SOI (RF-SOI). Among all these, the RF-SOI division held the largest share of the market in 2018, owing to the rising adoption of these wafers in advanced LTE smartphones. 

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The category is further witnessing growth due to the increasing investments that are being made for the development of 5G network all over the world. The FD-SOI division is predicted to grow at the fastest pace during the forecast period, owing to the rising requirement for these wafers for ultra-low power applications, such as smart appliances and wearable devices. The cost efficiency of these wafers is further predicted to drive their demand in the near future. 

As per a study by P&S Intelligence, the SOI market was dominated by the Asia-Pacific region in the past, with the region accounted for a market share of 55.4% in 2018. The rising focus on the introduction and expansion of 5G network services in South Korea, Japan, and China is the major reason for the growth of the regional domain. The region is further projected to exhibit the highest CAGR during the forecast period, owing to increasing adoption of smartphones. 

Hence, the market is growing due to the rising demand for smartphones, growth of the consumer electronics industry, and development of the 5G technology. This market research report provides a comprehensive overview of the silicon on insulator market

• Historical and the present size of the silicon on insulator market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential