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The global silicon on insulator (SOI) market stood at a value of around USD 2.07 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 14.1% to reach a value of USD 6.78 billion by 2032.
Based on application, the automotive application segment of silicon on insulator industry is expected to account for a substantial market share in the forecast period. This growth can be attributed to the rising investments by the leading automotive manufacturers in the development of driverless automobile technologies such as the Advanced Driver Assistance Systems (ADAS). For instance, Audi, one of the leading automotive manufacturers based in Germany, is making efforts to integrate FD-SOI with sensors or devices used in its autonomous cars. In addition, these cars require low-power, high-speed, and compact electronic devices for their operations. This, in turn, is leading to an increased demand for SOI-based wafers. Such developments are anticipated to propel the market growth in the coming years.
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Geographically, the Asia Pacific is predicted to hold a significant market share of the silicon on insulator industry. The market growth in the Asia Pacific can be attributed to the rising demand for consumer electronics and the increased investments in the electronics industry by the leading market players. In addition, the increased investments in the development of integrated circuit (IC) technology are also expected to drive the market growth. Moreover, the heightened application of silicon on insulator in industrial operations and the rapid technological advancements are predicted to bolster the market growth. Furthermore, with collaborations and new product launches, the telecom segment is predicted to offer enhanced opportunities for the regional market expansion in the coming years.
Silicon on insulator (SOI) is a semiconductor component that consists of a thin layer of insulator inserted between the bulk substrate and single crystalline silicon. The SOI wafers increase the performance of SOI-based devices in response to the low operating voltage. SOI is widely applicable in the integrated circuit (IC) technology, which is further used in the production of consumer electronics, automotive parts, and others.
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By wafer size, the industry can be bifurcated into:
Based on wafer type, the industry can be segmented into:
Based on technology, the industry can be segregated into:
Based on product, the industry can be distributed into:
Based on application, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increased consumer demand for microprocessors and gaming consoles is anticipated to drive the global market for silicon on insulator. In addition, the rising demand from the emerging economies in the Asia Pacific and the developed countries in North America is anticipated to further catalyse the market growth in the forecast period. This growth can be attributed to the heightened deployment of silicon on insulator in mobile phones, cameras, tablets, and notebooks. These factors are estimated to positively impact the industry growth in the forecast period. However, the industry growth may get hampered due to factors such as fluctuating raw material prices and the high cost and long duration of the manufacturing process due to the intricate designing required for the product development.
The report gives a detailed analysis of the following key players in the global silicon on insulator (SOI) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Wafer Size |
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Breakup by Wafer Type |
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Breakup by Technology |
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global silicon on insulator market attained a value of nearly USD 2.07 billion.
The market is projected to grow at a CAGR of 14.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.78 billion by 2032.
The major drivers of the market are increased demand for electronic devices, and heightened applications of SOI in the automotive sector and to manufacture other digital devices.
The key trends guiding the growth of the market includes the rising investments by market players in the research and development of silicon on insulator (SOI) technology and need for reducing power consumption in a variety of electronic devices.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant wafer sizes in the market include 200 mm and 300 mm.
The significant wafer types of silicon on insulators in the market are RF-SOI, FD-SOI, and PD-SOI, among others.
The significant technologies in the market include BESOI, SiMOX, Smart Cut, ELTRAN, and SoS.
The major products in the market include RF FEM, MEMS, power, optical communication, and image sensing.
The various applications of silicon on insulators include consumer electronics, automotive, datacom and telecom, industrial, and photonics, among others.
The major players in the global silicon on insulator (SOI) market are Tower Semiconductor Ltd., Globalwafers Co., Ltd., MagnaChip Semiconductor Corporation, NXP Semiconductors N.V., Shanghai Simgui Technology Co.,Ltd., and Soitec, among others.
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