According to a report by P&S Intelligence, the global silicon on insulator (SOI) market is predicted to generate a revenue of $2,285.5 million by 2024, increasing from $684.9 million in 2018, progressing at a 22.7% CAGR during the forecast period (2019–2024). The market is growing due to the rising investments in the SOI ecosystem and increasing requirement for SOI wafers in the consumer electronics applications. In terms of wafer size, the market is divided into 300 mm, <200 mm, and 200 mm.
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Out of these, the 200 mm division accounted for the largest share of the market in 2018, due to the increasing demand for RF-SOI substrates, specifically designed for automotive and mobility industries, from Asia-Pacific and North America. On the basis of wafer type, the market is categorized into imager-SOI, radio frequency-SOI, photonics-SOI, fully depleted SOI, power-SOI, and partially depleted SOI, out of which, the RF-SOI category held the major share of the market in 2018.
RF-SOIs are widely being utilized in innovative LTE smartphones. In addition to this, the increasing investments for the development of 5G network is also driving the demand for RF-SOI. The FD-SOI category is expected to witness the highest CAGR during the forecast period in the SOI market. These wafer types are widely used for ultra-low power applications such as wearable devices and smart appliances. Moreover, the cost-efficiency and relatively high performance of these wafers is leading to the category’s demand.
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The Asia-Pacific (APAC) region held the largest share, of 55.4%, of the SOI market in 2018. Countries including South Korea, China, and Japan are widely focusing on the introduction and expansion of the 5G network services in the years to come, which is the major driving factor of the regional market. Moreover, the rising investments for the development of the 5G technology in APAC is also predicted to result in the growth of the regional market during the forecast period.
This market research report provides a comprehensive overview of the SOI market
- Historical and the present size of the SOI market
- Future potential of the market through its forecast for the period 2019– 2024
- 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
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