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Silicon on Insulator Market Analysis
The global silicon on insulator market will touch USD 3.96 Billion at 9.76% CAGR by 2030, as per the latest Market Research Future report.
Drivers
Burgeoning Need for 5G Mobile Communication to Boost Market Growth
The burgeoning need for 5G Mobile Communication will boost market growth over the forecast period. 5G technology needs low power consuming and high-speed chips that can be attained with SOI technology. In fact, the unique thermal and electrical characteristics of SOI wafers makes these perfect for usage in power-efficient, high-performance devices such as data centers, mobile devices, and 5G base stations. This increased need for the 5G technology will propel the need for SOI wafers thus fuelling market growth.
Opportunities
Development of IC Technology to offer Robust Opportunities
The development of IC technology will offer robust opportunities for the silicon on insulator market over the forecast period. IC plays a pivotal part in the working of electronics devices by offering the essential functionality and computing power.
Restraints and Challenges
Self-Heating Effects to act as Market Restraints
The self-heating effects, higher time consumption related to manufacturing process, and dearth of skilled workforce may act as market restraints over the forecast period. Besides, the COVID-19 impact may also impede market growth.
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Key Players
Eminent market players profiled in the silicon on insulator market report include
Market Segmentation
The silicon on insulator market is bifurcated based on application, technology, wafer size, and type.
By type, fully depleted silicon will lead the market over the forecast period.
By wafer size, 300 mm will domineer the market over the forecast period.
By technology, smart cut SOI will spearhead the market over the forecast period.
By application, MEMs will spur the market over the forecast period.
Regional Analysis
APAC to Head Silicon on Insulator Market
The APAC region will head the silicon on insulator market over the forecast period. This is owing to rising investments coupled with growing need for consumer electronics like smart wearables, laptops, tablets, and smartphones. Telecom is one sector that is likely to thrive. Besides, technology adoption for different industrial operations, economic developments, and rising industrial application are also adding market growth. Furthermore, expansions by different semiconductor foundry & wafer manufacturers and increased investments are also adding to the region’s growth.
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North America to Have Admirable Growth in Silicon on Insulator Market
North America will have admirable growth in the silicon on insulator market during the forecast period. This is chiefly on account of burgeoning need for mobile applications, microprocessors, gaming consoles, and computing. Besides, several companies are head quartered in North America which is also supporting market growth. Owing to growing environmental awareness amid customers coupled with government policies within the region, the rise in need for the SOI wafers particularly from the auto sector have been noticed where it is utilized in EVs. Also, using SOI in IoT applications and devices is the current market trend.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
