The Silicon on Insulator (SOI) market is projected to reach $4.89 billion by 2032
From GlobeNewswire: 2024-12-16 08:00:00
The Silicon on Insulator (SOI) market is projected to reach USD 4.89 billion by 2032, growing at a CAGR of 13.71% from 2024. SOI technology enhances performance and reduces power consumption in devices like smartphones and automotive electronics. The rise of IoT and autonomous vehicles further drives demand for SOI chips, making it a crucial component in various industries.
SOI technology plays a vital role in the global rollout of 5G networks and the rapid growth of IoT. SOI-based RF solutions are essential for high-frequency communication systems, offering superior isolation and low-loss properties needed for 5G and IoT connectivity. As 5G expands and IoT devices increase, SOI’s low-power, miniaturized solutions become increasingly essential across industries like utilities, manufacturing, and energy.
In the Silicon-On-Insulator (SOI) market, the Thin-film SOI Wafers segment led in 2023, accounting for approximately 78% of total revenue. These wafers offer advantages like reduced power consumption, enhanced performance, and better isolation, making them ideal for advanced applications like 5G and IoT. RF-SOI wafers dominated the market by revenue, valued for their high-frequency performance essential for 5G and IoT devices.
Asia-Pacific held about 40% of global revenue in the SOI market in 2023, driven by strong semiconductor manufacturing and demand for consumer electronics. North America is expected to be the fastest-growing region from 2024 to 2032, with a focus on high-performance, low-power semiconductors for sectors like 5G, AI, IoT, and automotive. Investments in semiconductor technologies are accelerating market growth in the region.
Recent developments include Okmetic’s Cavity SOI (C-SOI) and Enhanced C-SOI (EC-SOI) wafers revolutionizing the performance of various MEMS devices. These wafers optimize resonance frequencies and improve sensitivity and accuracy, simplifying manufacturing and reducing time-to-market. The advancements in SOI technology continue to drive innovation in the semiconductor industry. The Silicon on Insulator Market report provides insights on adoption rates of emerging technologies, network infrastructure expansion by region, cybersecurity incidents, and cloud services usage. The competitive landscape, market segmentation by thickness, wafer size, type, application, and industry vertical are also covered. For more information, visit https://www.snsinsider.com/reports/silicon-on-insulator-soi-market-2440. Contact [email protected] for customization. SNS Insider offers market research and consulting services globally to help clients navigate changing market conditions with confidence.
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