According to the new market research report "Silicon on Insulator (SOI) Market by Wafer Size (200 mm and less than 200 mm, 300 mm), Wafer type (RF-SOI, FD-SOI, PD-SOI, Power SOI, Emerging-SOI), Application (Consumer Electronics, Automotive, Datacom, Industrial), Technology - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 1,832.5 million by 2023 from USD 686.0 million by 2018, at a CAGR of 21.7%. The increasing use of SOI wafers in advanced devices such as smartphones, tablets, earphones/headphones, and wearables is expected to boost the market for consumer electronics application. Moreover, while manufacturing thin wafers, the use of SOI technology prevents the wastage of silicon, which reduces the cost of semiconductor devices. Hence, the effective use of silicon during the manufacture of thin SOI wafers is a major factor driving the growth of the SOI market.
Early buyers will receive 10% customization on this report
SOI market for 300-mm wafers size to grow at a higher CAGR during forecast period
The market for 300-mm wafer size is expected to grow at the highest CAGR during 2018-2023. Wafer and foundry players expanding their capacity for producing 300-mm wafers is one of the driving factors for the growth of the SOI market. For instance, Soitec expanded its manufacturing capacity for the production of 300-mm SOI wafers.
Consumer electronics application expected to hold the largest share of the SOI market during the forecast period
Among the SOI applications, the market for consumer electronics is expected to hold the largest share during 2018-2023. The growth of this market is attributed to the increasing demand for SOI products in smartphones and other consumer electronics devices. For instance, RF SOI wafers are commonly used in smart devices as these wafers enable device integration, cost-effectiveness, and high performance. Also, the growing adoption of FD SOI for consumer or IoT devices is expected to drive the growth of the market.
SOI market in APAC expected to grow at the highest CAGR during the forecast period
SOI market in APAC is expected to grow at the highest CAGR during 2018-2023. APAC is witnessing an increase in the use of SOI products owing to the presence of a large number of consumer electronic companies, smartphone manufacturers, and advanced ICT technology providers, and wafer and foundry players in APAC.
Major players operating in this market are Soitec (France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO (Japan), Simgui (China), GlobalFoundries (US), STMicroelectronics N.V. (Switzerland), TowerJazz (Isreal), NXP Semiconductor N.V. (Netherlands), and Murata Manufacturing (Japan).
Know more about the Silicon on Insulator (SOI) Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: firstname.lastname@example.org