PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252692
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252692
Silicon-On-Insulator (SOI) Market size was valued at USD 1,600.5 Million in 2022, expanding at a CAGR of 16.8% from 2023 to 2030.
The method of adding a thin layer of silicon on top of the insulator to create silicon semiconductor devices is known as a silicon-on-insulator (SOI). Due to the low operating voltage, SOI wafers improve the efficiency of SOI-based devices.
Consumer electronics hold tremendous potential for SOI wafers. The consumer electronics industry has been leading the charge by incorporating cutting-edge technologies like artificial intelligence and machine learning into its products over the past few years. Additionally, integrating AI and ML into operations allows businesses that want to enhance the customer experience to look into new growth opportunities. All consumer electronic products now feature these cutting-edge technologies driven by technology. Additionally, while more people are adopting traditional devices like smartphones, TVs, cameras, speakers, etc., voice-enabled devices, smart wearables, and smart TVs are in high demand.
In addition, Chip manufacturers in the automotive sector have tremendous growth possibilities due to the increasing investments in ADAS and automatic vehicles. The worldwide chip industry offers lucrative growth potential for the automotive sector. The rise of the SOI market is also fueled by recent technological advancements in the automotive industry, as well as new features and an increase in the use of sensors. For instance, high-speed, low-power, compact electronic devices are necessary for the functioning of ADAS and automatic vehicles. So, to satisfy such criteria, SOI wafers are used.
High-voltage and low-voltage components can be combined on a single chip using SOI wafers, which saves room and money, simplifies designs and models, improves functionality, lowers development costs, and reduces time to market. Additionally, SOI offers cutting-edge approaches to well-known technologies like IoT, AI, and ML. Additionally, the distinctive body-bias capability of planar semiconductor devices is made possible by FD-SOI semiconductor technology. For automotive applications, FD-SOI technology provides the best energy efficiency, the highest integrated RF performance, and better reliability ICs.
Based on the application, the automotive segment is expected to dominate the market during the forecast period owing to the various application in automobiles. Additionally, major SOI ecosystem participants like Soitec are taking steps to integrate FD-SOI and power-SOI wafer-based chips into advanced driver assistance systems, infotainment systems, and autonomous cars. Leading automakers are also utilizing the numerous benefits of SOI-based chips across a variety of applications and car networking protocols, including BMW, Ford, DaimlerChrysler, General Motors, and Volkswagen, among others.
North America has been leading the global silicon on insulator market on a regional level and is expected to maintain its leadership position in the years to come. The primary driver of the Silicon-On-Insulator (SOI) market's dominance in North America is the rise in demand for computers, gaming consoles, microprocessors, and mobile applications. Another significant factor supporting this regional Silicon-On-Insulator (SOI) market is a large number of market players with North American headquarters.
Besides, due to the rising demand for consumer electronics like smartphones, tablets, laptops, and smart wearables, the Asia Pacific region is anticipated to expand at the highest CAGR during the forecast era. For instance, the Asia-Pacific region is expected to have 2.5 billion smartphone connections by 2025, according to a GSMA report released in 2021. Additionally, one of the key drivers of the market growth in the region is the favorable government initiative to support the expansion of the consumer electronics and automotive industries.
In March 2021, High-performance smart applications processors in the i.MX 8ULP, i.MX 8ULP-CS (cloud secured), and next-generation i.MX 9 models have been introduced by NXP Semiconductors N.V. (Switzerland). Innovations with EdgeLock secure enclave to improve edge security and energy flex architecture to improve energy efficiency make up the increase.
This proposed research study on the Silicon-On-Insulator (SOI) market provides market size (US$ Million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the Silicon-On-Insulator (SOI) market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Silicon-On-Insulator (SOI) market
The impact of COVID-19 on the Silicon-On-Insulator (SOI) market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Silicon-On-Insulator (SOI) market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Silicon-On-Insulator (SOI) market, we have also included a competitive landscape and key innovator analysis for the Silicon-On-Insulator (SOI) market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Silicon-On-Insulator (SOI) market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Silicon-On-Insulator (SOI) market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
EV Group (EVG)
GlobalFoundries
GlobalWafers Co.
Magnachip
Murata Manufacturing Co., Ltd.
NXP Semiconductors
Qualcomm Technologies, Inc.
STMicroelectronics
Qorvo, Inc
SOITEC
Shin-Etsu Chemical Co., Ltd.
SUMCO CORPORATION
Skyworks Solutions, Inc.
Taiwan Semiconductor Manufacturing Company Limited
Silicon Valley Microelectronics, Inc.
FDSOI
RFSOI
Others
GLOBAL SILICON-ON-INSULATOR (SOI) MARKET, BY TECHNOLOGY
BESOI
SiMOX
Smart Cut
ELTRAN
SoS
Automotive
Entertainment and Gaming
Photonics
Telecommunications
Computing and Mobile
Other Applications
RF FE
Power
Optical
MEMS
Others
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA