The global silicon on insulator (SOI) market is expected to witness significant growth over the forecast period. SOI technology is a process of creating integrated circuits by placing a layer of silicon on top of an insulating substrate, which offers several advantages, including reduced power consumption, improved performance, and increased integration density.
According to the market research report by MarketsandMarkets, the global SOI market is expected to reach USD 2.9 billion by 2027, growing at a CAGR of 15.0% during the forecast period. The report covers the market segmentation based on wafer size, technology, product, application, and geography.
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Based on the wafer size, the SOI market is segmented into 200 mm and less than 200 mm. The less than 200 mm wafer size dominated the market in 2022, and it is expected to maintain its dominance over the forecast period. The growing demand for consumer electronics and increasing adoption of SOI technology in smartphones, tablets, and other handheld devices are driving the growth of the less than 200 mm wafer size segment.
Based on the technology, the SOI market is segmented into partially depleted SOI (PDSOI), fully depleted SOI (FDSOI), and others. The FDSOI segment held the largest share of the market in 2022, and it is expected to maintain its dominance over the forecast period. FDSOI technology offers enhanced performance and lower power consumption, making it ideal for applications such as Internet of Things (IoT), mobile devices, and automotive.
Based on the product, the SOI market is segmented into RF-SOI, FD-SOI, power SOI, and others. The RF-SOI segment held the largest share of the market in 2022, and it is expected to maintain its dominance over the forecast period. RF-SOI technology offers high-performance and low-power consumption, making it ideal for applications such as wireless communication and aerospace.
Based on the application, the SOI market is segmented into consumer electronics, automotive, aerospace and defense, healthcare, and others. The consumer electronics segment dominated the market in 2022, and it is expected to maintain its dominance over the forecast period. The growing demand for smartphones, tablets, and other handheld devices is driving the growth of the consumer electronics segment.
Geographically, the SOI market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region dominated the market in 2027, and it is expected to maintain its dominance over the forecast period. The region's growth can be attributed to the increasing adoption of SOI technology in consumer electronics, automotive, and other applications.
Some of the key players in the SOI market include GlobalWafers Co., Ltd., Shin-Etsu Chemical Co., Ltd., Soitec S.A., SUMCO Corporation, and Tower Semiconductor Ltd. These players are focusing on product innovation, partnerships, and collaborations to strengthen their market position and expand their customer base.
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