How is Consumer Electronics Industry Driving Demand for Silicon on Insulator?
According to a report by P&S Intelligence, the global silicon on insulator (SOI)
market is predicted to generate a revenue of $2,285.5 million by 2024, increasing from
$684.9 million in 2018, progressing at a 22.7% CAGR during the forecast period
(2019–2024). The market is growing due to the rising investments in the SOI
ecosystem and increasing requirement for SOI wafers in the consumer electronics
applications. In terms of wafer size, the market is divided into 300 mm, <200 mm, and
Out of these, the 200 mm division accounted for the largest share of the market in
2018, due to the increasing demand for RF-SOI substrates, specifically designed for
automotive and mobility industries, from Asia-Pacific and North America. On the
basis of wafer type, the market is categorized into imager-SOI, radio frequency-SOI,
photonics-SOI, fully depleted SOI, power-SOI, and partially depleted SOI, out of
which, the RF-SOI category held the major share of the market in 2018.
RF-SOIs are widely being utilized in innovative LTE smartphones. In addition to this,
the increasing investments for the development of 5G network is also driving the
demand for RF-SOI. The FD-SOI category is expected to witness the highest CAGR
during the forecast period in the SOI market. These wafer types are widely used for
ultra-low power applications such as wearable devices and smart appliances.
Moreover, the cost-effi