Northbrook, IL -- (SBWIRE) -- 08/06/2018 -- Silicon on insulator (SOI) technology refers to the use of silicon–insulator–silicon substrates in place of conventional silicon substrates in semiconductor manufacturing. The technology offers various benefits such as high performance, reduction in junction capacitance and minimal leakage, and high compatibility with conventional silicon processing. Therefore, SOI-based products are used in automotive, consumer electronics, datacom & telecom, industrial, and military, defense, & aerospace applications. The consumer electronics application accounts for the largest market size in terms of value, followed by the automotive application.

According to the new market research report "Silicon on Insulator (SOI) Market by Wafer Size (200 mm and less than 200 mm, 300 mm), Wafer type (RF-SOI, FD-SOI, PD-SOI, Power SOI, Emerging-SOI), Application (Consumer Electronics, Automotive, Datacom, Industrial), Technology - Global Forecast to 2023",the silicon on insulator (SOI) market is expected to reach USD 1,832.5 million by 2023 from USD 686.0 million by 2018, at a CAGR of 21.7%. The increasing use of SOI wafers in advanced devices such as smartphones, tablets, earphones/headphones, and wearables is expected to boost the market for consumer electronics application. Moreover, while manufacturing thin wafers, the use of SOI technology prevents the wastage of silicon, which reduces the cost of semiconductor devices. Hence, the effective use of silicon during the manufacture of thin SOI wafers is a major factor driving the growth of the SOI market.

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The overall SOI market is estimated to be worth USD 686.0 million by 2018 and is expected to reach USD 1,832.5 million by 2023 at a CAGR of 21.7%. Key driving factors for the growth of this market are low operating voltage and high performance offered by SOI-based devices, increasing use of SOI wafers in consumer electronic devices, and effective use of silicon during the manufacturing of thin SOI wafers. Developments in the SOI market through organic and inorganic growth strategies, such as product launches agreements, partnerships, merger & acquisitions, collaborations, and expansions.

In 2018, 200-mm and less than 200-mm wafer segment is expected to capture the largest share of the SOI market on the basis of wafer size. The share can be attributed to the high implementation of 200-mm wafers in RF chips, which are widely used in smartphones. Another major application for 200-mm SOI is automotive, particularly for used power devices.

Among the wafer types of SOI, the market for FD-SOI is expected to grow at the highest CAGR during the forecast period. This growth is attributed to advantages offered by FD-SOI compared to bulky silicon technologies, including reduced complexity, the ability to optimize power/performance tradeoffs, lower operating voltage requirements, and improved gain and noise characteristics, which would further help applications of low power, high performance portable electronic devices. Recent developments also contribute significantly to the growth of the market, such as introduction of 12FDX by GlobalFoundries (US) targeting applications from mobile computing and 5G connectivity to artificial intelligence and autonomous vehicles.

Among the applications of SOI, the market for automotive and consumer applications is expected to grow at the highest CAGR during the forecast period. Automotive giants and other business leaders are increasingly investing in ADAS and driverless cars. ADAS and driverless cars require high-speed, low-power, and compact electronic devices for their operations. To fulfill this requirement, SOI-based wafers are used. Hence, growing demand for SOI-based devices in automotive is expected to boost the market in the coming years.

The SOI market in APAC is expected to grow at the highest CAGR between 2018 and 2023. APAC is witnessing the increasing use of SOI products owing to the presence of a large number of consumer electronic companies, smartphone manufacturers, and wafer and foundry players in APAC. For instance, in 2017, Soitec ramped up to the high-volume production of 200-mm SOI wafers at the manufacturing facility of its Chinese partner Shanghai Simgui Technology Co., Ltd. (Simgui). Moreover, in May 2017, GlobalFoundries (US) collaborated with Chengdu Municipality (China) to expand the FD-SOI ecosystem in China, which includes multiple design centers in Chengdu. Such developments are expected to provide opportunities for the SOI market in this region.

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