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.
The objective of the report is to define, describe, and forecast the silicon-on-insulator market size based on wafer size (200 mm and less than 200 mm, 300 mm), wafer type (RF-SOI, FD-SOI), technology (smart cut, layer transfer), product (RF FEM, MEMMS), application (consumer electronics, automotive) and region.
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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.
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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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