Silicon on Insulator Market 2023 - Future Aspect Analysis and Current Trends by to 2027

Surging adoption of FD-SOI in IoT devices and ML applications and establishment of facilities to enhance SOI production are among the factors driving the growth of the SOI market.

Silicon on Insulator Market share is projected to reach USD 2.9 billion by 2027 from an estimated USD 1.4 billion in 2022, at a CAGR of 15.0% from 2022 to 2027.

The increasing use of FD-SOI in digital electronics creates opportunities for new IoT devices and applications as this technology ensures ultra-low power consumption, ultra-low current leakage, small and dense packaging, and the cost-efficiency of IoT devices.

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Soitec (France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO Corporation (Japan), Shanghai Simgui Technology (China), GlobalFoundries (US), STMicroelectronics (Switzerland), Tower Semiconductor (Israel), NXP Semiconductors (Netherlands), Murata Manufacturing (Japan), are some of the silicon on insulator companies.

The Silicon on Insulator market in APAC is expected to record the highest CAGR during the forecast period. Market growth is attributed to the rising demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables. Moreover, government investments and expansions of several semiconductor foundry players and wafer manufacturers contribute to market growth.

SOI-based wafers are used in consumer electronics such as smartphones, tablets, wearables, laptops, cable modems, televisions, and set-top boxes to reduce their size, lower their power consumption, increase their operational speed, and extend their battery life, among others. These wafers also offer enhanced performance and are less dependent on device temperature. SOI-based microprocessors also require lesser space than conventional embedded memory. As a result, the demand for SOI in consumer electronics is increasing rapidly. In 2021, the consumer electronics segment accounted for the largest share of the SOI market.