Silicon on Insulator (SOI) Market, by Wafer Size (200 mm and 300 mm), Wafer Type (RF-SOI, FD-SOI, PD-SOI, and Others), Technology (BESOI, SiMOX, Smart Cut, ELTRAN, and SoS), Product (RF FEM, MEMS, Power, Optical Communication, and Image Sensing), and Application (Consumer Electronics, Automotive, Datacom & Telecom, Industrial, Photonics, and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Silicon on Insulator (SOI) market size was estimated at USD 1.43 billion in 2023 and is projected to reach USD 3.64 billion in 2030 at a CAGR of 14.20% during the forecast period 2023-2030.
Silicon-on-insulator (SOI) refers to a microchip or semiconductor device manufacturing technique in which engineers place thin films of monocrystalline silicon over an insulator to simplify integrated circuit manufacturing. This helps reduce the junction capacitance, which increases speed, eliminates charge leakage, and optimizes the performance of SOI-based devices while minimizing power consumption. Because of these characteristics, they are widely used in the production of a variety of consumer electronics, microprocessors, radio frequency (RF) signal processors, biotechnological chips, and microelectromechanical systems. It is currently commercially available as a whole and partly used in silicon insulation types.
One of the main factors driving the SOI market is the significant expansion of the electronics sector and the growing demand for high-performance microelectronics and consumer electronics, including smartphones, laptops, digital cameras and desktop computers. Therefore, the incorporation of silicon on insulators (FD-SOI) has been fully exploited in various automotive solutions such as advanced driver assistance systems (ADAS) and semi-autonomous driving systems due to their thermomechanical robustness, operational safety, low energy consumption, and long-term use. reliability features are other important growth drivers. Additionally, significant technological advancements such as the widespread integration of radio frequency isolators (RF-SOI) in smartphones to preserve cellular signals and gain uninterrupted connectivity from multiple locations are also fueling the market growth. Additionally, increasing demand for low-power and affordable semiconductors and integrated circuits has facilitated the widespread adoption of SOI in the integrated device community, boosting market growth. Other factors such as continued investment in R&D and frequent mergers and acquisitions among major players aiming to develop integrated circuit (IC) technology create a positive outlook for the market.
The pandemic was also expected to increase the adoption and automation of Industry 4.0 technologies. Maintenance, remote production and diagnostics would become permanent functions. Companies that sell semiconductors would also become innovative workplaces with technologies that allow most employees to work remotely. It is also expected that companies will adopt and promote a hybrid model in their production processes, where a certain number of employees work away from the site and the rest. Efficiency gains from such changes, along with initial costs, have affected the earnings of insulating silicon. As a result, the silicon on insulator market benefited from COVID-19.
SOI, a semiconductor wafer technology, helps produce low-power, high-performance devices instead of traditional bulk silicon technologies. The silicon insulator market is expected to gain momentum during the forecast period due to many advantages such as high switching efficiency and availability of high-speed SOI transistors. This technology increased production yield and also increased the number of chips per wafer, which improves production efficiency. Technology also offers several opportunities for innovation, performance improvement and scale. These factors have led to the expansion of the market and increased demand for Silicon on Insulator (SOI) solutions.
North America to Dominate the Market