The silicon on insulator market to
grow from USD 0.9 billion in 2019 to USD 2.2 billion by 2024, at a Compound
Annual Growth Rate (CAGR) of 19.6% during the forecast period. The growth of
the market is driven by the factors such as effective use of silicon during the
manufacture of thin SOI wafers, and low operating voltage and high performance
of SOI-based devices.
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Silicon on Insulator Market for
Radio Frequency front-end module (RF FEM) held the largest share of SOI market
in 2018
In terms of value, RF FEM captured the largest share of silicon
on insulator market, in 2018. The growth of this segment can be attributed
to the increasing demand for RF FEM in upcoming 5G technology as well as
consumer electronic devices such as smartphones, laptops, and tablets.
Currently, all smartphones use RF chips comprising RF-SOI wafers. In SOI
ecosystem, wafer manufacturers and foundry players are also taking initiatives
for the development of RF FEM products by deploying SOI technology in it. For
instance, GlobalFoundries (US) has developed advanced RF-SOI platforms that
integrate low noise amplifiers, power amplifiers, RF switches, and phased-array
antennas with RF FEM for advanced 4G LTE. The company is also focusing on
improving the performance of its power amplifiers, low noise amplifiers, and RF
switches to meet 5G FEM specifications with the help of advanced RF-SOI
technology. Hence, these initiatives are driving the SOI market for RF FEM
product.
Silicon on Insulator Market for
automotive application to grow with the highest CAGR during forecast period
The silicon on insulator market for automotive application
expected to grow with the highest CAGR between 2019 and 2024. This growth is
mainly attributed to the increasing investments being made by automotive giants
and other business leaders for the development of Advanced Driver-assistance
Systems (ADAS) and driverless cars. For instance, Audi (Germany) is making
efforts to integrate FD-SOI with devices or sensors used in its autonomous
cars. These cars require high-speed, low-power, and compact electronic devices
for their operations. This, in turn, leads to the increased demand for
SOI-based wafers. Moreover, other products in autonomous cars that use FD-SOI
Silicon on Insulator
Market in Asia Pacific (APAC) region to grow with the highest CAGR in SOI
market during forecast period
The
silicon on insulator market for APAC region expected to grow with the highest
CAGR during forecast period. The increasing investment by wafer manufacturers
and foundry players are influencing the growth of SOI market in APAC region.
For instance, in March 2018, Shin-Etsu Chemical (Japan) carried out around USD
996 million facility investments for its silicones business. These investments
are aimed at enabling the company to expand its business in APAC region.
Moreover, in June 2018, TowerJazz (Israel) announced the expansion of its
RF-SOI 65 nm process in its 300 mm Uozu, Japan fab..
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Key Market Players
Soitec
(France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO Corporation
(Japan), Simgui (China), GlobalFoundries (US), TowerJazz (Israel), Sony
(Japan), WaferPro (US), STMicroelectronics N.V. (Switzerland), NXP
Semiconductor N.V. (Netherlands), Ineda Systems (India), Evaderis (France),
Murata Manufacturing (Japan), Skyworks Solutions (US), Qorvo (US), MagnaChip
Semiconductor (South Korea), UMC (Taiwan), TSMC (Taiwan), Qualcomm (US),
Silicon Valley Microelectronics (US), and EV Group (UK).
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