Silicon on Insulator Market is Set for a Rapid Growth and is Expected to Reach around $1945.89 Mn by 2022

Zion Market Research has published a new report titled “Silicon-on-Insulator (SOI) Market by Wafer Type (RFSOI, FDSOI and Others), by Technology (BESOI, ELTRAN, SoS, SiMOX and Smart Cut) by Product (RF FE, MEMS, Power, Optical and Others) Market for Automotive, Computing and Mobile, Entertainment and Gaming, Photonics, Telecommunications and Others Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global Silicon on Insulator Market accounted for around USD 427.90 Million in 2016 and is expected to reach approximately USD 1945.89 Million by 2022, growing at a CAGR of 28.7% between 2017 and 2022.

 

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The growth of global Silicon-on-Insulator (SOI) market is primarily attributed to the significant growth of consumer electronics market. Furthermore, miniaturization of semiconductor devices coupled with low operating voltage and high performance is expected to favor the growth of Silicon-on-Insulator (SOI) market in near future. Additionally, increasing demand for gaming consoles and a microprocessor, and massive demand from emerging countries in Asia Pacific is predicted to fuel the growth of Silicon-on-Insulator (SOI market in years to come. However, lack of available intellectual property (IP) ecosystem is expected to hamper Silicon-on-Insulator (SOI) market growth.  Nonetheless, application of SOI in IoT paired with demand from APAC is estimated to open new alluring opportunities for Silicon on Insulator market in the near future.

 

Based on wafer type, global Silicon-on-Insulator (SOI) market is bifurcated into RFSOI, FDSOI and others.  RFSOI is expected to emerge as one of the most attractive wafer type segment of the Silicon on Insulator market in forecast period. Significant demand from APAC will support the growth of this segment in analysis period. FDSOI is also expected to become another most lucrative wafer type segment in the forecast period. BESOI, ELTRAN, SoS, SiMOX and smart cut are the technology segment of market.  Smart cut is predicted to grow with highest CAGR during analysis period. Product segment is categorized into RF FE, MEMS, power, optical and others. RF FE is expected to be one of the most opportunist segments for SOI market. Based on application SOI market is categorized into automotive, computing and mobile, entertainment and gaming, photonics, telecommunications and others. In 2016, computing and mobile held the largest market share in SOI market owing to increasing use of SOI in mobile application across the globe..

 

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With the largest share, North America was a leading regional market for Silicon on Insulator in 2016 followed by Europe. The growth of this region is mainly attributed to increasing demand for computing and mobile application. U.S. and Western Europe will be opportunist region for Silicon on Insulator market owing to increasing demand for gaming consoles and microprocessor. Asia Pacific is expected to grow with the highest CADR during the analysis period. Latin America is expected to witness substantial growth owing to demand from consumer electronic market growth.

 

Some of the key players operating in the Silicon on Insulator are Globalwafers Co., Ltd., STMicroelectronics N.V., Skyworks Solutions, Inc., Globalfoundries, Murata Manufacturing Co., Ltd., Qorvo, Inc., Sony Corporation, Magnachip Semiconductor, Towerjazz, NXP Semiconductors N.V., United Microelectronics Corporation and Qualcomm Inc. amongst others.

 

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