Silicon on Insulator Market to Cross $2.3 Billion by 2026

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Silicon on Insulator (SOI) in APAC is expected to record the highest CAGR during the forecast period. In 2020, the consumer electronics segment accounted for the largest share of the SOI market

The global SOI market is projected to reach USD 2.3 billion by 2026 from an estimated USD 1.1 billion in 2021, at a CAGR of 17.2 per cent from 2021 to 2026. The rising demand for 5G in mobile communications and the increasing adoption of AI and ML in consumer electronics are the major driving factors for the growth of the SOI market.

In 2026, the SOI market in APAC is expected to record the highest CAGR during the forecast period. The growth of the market in APAC can be attributed to the rising demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables. Moreover, the increased investments and expansions of several semiconductor foundry players and wafer manufacturers in this region are also fueling the growth of the SOI market in APAC.

300 mm segment

The 300 mm segment is expected to record a higher CAGR during the forecast period. The growth of the market for the 300 mm segment can be attributed to the increasing global demand for smartphones, consumer electronics, automobiles, and IoT devices as 300 mm wafers are mainly used in these applications.

Moreover, the rising demand for 300 mm SOI wafers is also driven by their use in emerging applications such as image sensors, and the requirement for high data transmission speed in data centers. Companies are also focusing on investments to increase the production capacity for 300 mm SOI wafers.

In 2020, RF-SOI wafers held the largest share of the SOI market. The growth of the market for RF-SOI wafers can be attributed to the rising demand for RF front-end modules in smartphones, laptops, and tablets. All the smartphones use RF-SOI wafers.

The smart cut technology is expected to record the highest CAGR during the forecast period. The growth of smart cut technology is attributed to its adoption in a large industrial platform including major SOI wafer manufacturing companies across the world.

The MEMS devices segment is expected to record the highest CAGR during the forecast period. The growth of the MEMS devices segment is attributed to the rising use of SOI wafers in MEMS devices for consumer electronics, automotive, and industrial applications. In 2020, the consumer electronics segment accounted for the largest share of the SOI market.

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