Luton, Bedfordshire, United Kingdom, Aug. 19, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Silicon on Insulator Market.

The Global Silicon on Insulator Market Is Projected to Reach USD 4.34 Billion By 2029 From USD 1.26 Billion In 2021, At A CAGR of 14.7% From 2022 to 2029.

In place of conventional silicon in semiconductor manufacturing activity, Silicon on Insulator (SOI) Market specifies the use of stacked silicon-insulator-silicon substrate. Without retooling or additional equipment in the existing facility, this technology is compatible with the fabrication process now utilised in the sector. Silicon on Insulator technology has a number of advantages, including excellent performance, power savings, decreased leakage, no latchup, compatibility, and simplicity of scaling.

The traditional CMOS technology based on bulk silicon wafers has recently faced competition from SOI technology, and this trend is anticipated to continue over the course of the forecast period in all market segments, including RF, analogue, general purpose and ultra-low power computing, photonics, memory, and MEMS. In the past, more than 60.0% of mobile devices and 80.0% of gaming consoles had SOI chips.

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The Asia Pacific to Provide Significant Growth Opportunities to the Silicon on Insulator (SOI) Market

Geographically, it is anticipated that the Silicon on Insulator (SOI) Market will be dominated by the Asia Pacific region. The increasing demand for consumer electronics and the increased investments made in the electronics sector by the major market participants are responsible for the market expansion in the Asia Pacific region. Additionally, it is anticipated that rising investments in the advancement of integrated circuit (IC) technology will fuel market expansion. In addition, the market is expected to rise as a result of the increased use of silicon on insulator in industrial processes and the rapid advancement of technology. Additionally, it is anticipated that the telecom sector would provide improved chances for the regional market expansion in the upcoming years through partnerships and the introduction of new products.

Silicon on Insulator (SOI) Market Key Players

Silicon-on-Insulator (SOI) Market Key Players Include TOWER SEMICONDUCTOR LTD., GLOBAL WAFERS CO., LTD., Magna Chip Semiconductor Corporation, MURATA MANUFACTURING COMPANY, LTD., NXP Semiconductor, SHIN-ETSU CHEMICAL CO. LTD, Shanghai Simgui Technology Co., Ltd., Soitec, STMicroelectronics N.V., and SUMCO CORPORATION

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Key Market Segments: Silicon on Insulator Market

Silicon on Insulator (SOI) Market by Type, 2022-2029 (In USD Million)

Silicon on Insulator (SOI) Market by Wafer Size, 2022-2029, (In USD Million)

Silicon on Insulator (SOI) Market by Product, 2022-2029, (In USD Million)

Silicon on Insulator (SOI) Market by Technology, 2022-2029, (In USD Million)

Silicon on Insulator (SOI) Market by Application, 2022-2029, (In USD Million)

Silicon on Insulator (SOI) Market Dynamics

One of the main factors propelling the Silicon on Insulator (SOI) Market is the rising demand for 5G mobile communication. In many regions, there is an increase in demand for better mobile data. Through 5G mobile connection, telecom apps and data communication services are functional. With 5G technology, data transmissions are ten times faster. The introduction of 5G has caused a boom in the telecommunications sector. The majority of silicon-on-insulator-based gadgets on the market are smartphones. As a result, the Silicon on Insulator market is benefiting from the switch to 5G in the telecoms industry. The good user experience, low latency, and high reliability of consumer electronics are encouraging increased production.

Silicon-on-insulators are ultimately in high demand because of all these devices. Another aspect influencing the market's demand is the remarkable qualities of SOI.

In the silicon-on-insulator market, the circuit's design complexity presents a considerable obstacle. In the semiconductor industry, silicon-on-insulators are in high demand. The makers of ICs are constantly searching for improvements that would lower their running costs. The debut of the new SOI is not without its challenges.

The SOI circuit's intricate design makes it challenging to create additional enhancements. The SOI needs new operating strategies as a result of recent advances. Next-generation SOI fabrication difficulties may limit market innovation. In addition, these difficulties are predicted to lead to a decline in the silicon-on-insulator market size.

The market for silicon on insulators is expected to grow as a result of several key factors, including the rise in the use of SOI wafers in consumer electronics, improvements in operational performance at low operating voltage, and an increase in investments by wafer manufacturers and foundry players in emerging economies.

The Silicon on Insulator (SOI) Market is anticipated to develop, although higher manufacturing process time consumption and self-heating effects in SOI-based devices are predicted to restrain it. On the other hand, expanding the usage of SOI technology in Internet of Things (IoT) devices and applications and adopting automation solutions throughout the retail sector to prevent human intervention are predicted to present lucrative potential in the silicon on insulator market. It is projected that each of these elements will significantly affect the market.

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