Global Silicon on Insulator market to reach $2.9 billion by 2027, driven by demand in 5G tech

From GlobeNewswire: 2024-07-02 22:00:00

The global Silicon on Insulator (SOI) market is set to grow from USD 1.4 billion in 2022 to USD 2.9 billion by 2027, with a CAGR of 15.0%. The demand for SOI wafer-based devices is increasing in automotive applications and 5G technology in mobile communications, driving market growth.

FD-SOI technology in digital electronics offers ultra-low power consumption, low current leakage, and cost-efficiency for IoT devices. The technology’s reverse bias characteristics allow operation at low voltages without penalties. Market players like Soitec, GlobalWafers, and GlobalFoundries are focusing on new product launches and collaborations to meet the rising demand for FD-SOI wafers.

In 2021, consumer electronics accounted for the largest share of the Silicon on Insulator market. SOI-based wafers are used in smartphones, tablets, wearables, and laptops to reduce size, increase speed, and extend battery life. The demand for SOI is rapidly growing in the consumer electronics segment due to enhanced performance and reduced space requirement.

The Asia Pacific region is expected to witness the fastest CAGR in the Silicon on Insulator market due to increasing demand for consumer electronics and government investments. The market growth is driven by rising smartphone, tablet, laptop, and wearable device sales, coupled with semiconductor foundry expansions in the region.



Read more at GlobeNewswire: Silicon on Insulator Market Emphasized by Size, Share,