Growing Product Demand for Consumer Electronics Devices Driving Silicon on Insulator Market

The global silicon on insulator market attained a value of $684.8 million in 2018 and is predicted to generate $2,285.5 million in 2024, registering a 22.7% CAGR during the forecast period (2019–2024). 

The market is growing due to the surging adoption of internet of things (IoT), rising investments in the SOI ecosystem, and increasing demand for SOIs in consumer electronics applications. SOI is a semiconductor fabrication technique which comprises a layered silicon-insulator-silicon substrate in place of traditional silicon crystal substrates utilized in semiconductor manufacturing.

On the basis of wafer type, the SOI market is categorized into power-silicon on insulator, imager-silicon on insulator, radio-frequency silicon on insulator (RF-SOI), partially depleted silicon on insulator (PD-SOI), photonics-silicon on insulator, and fully depleted silicon on insulator (FD-SOI). 

The largest share of the market was occupied by the RF-SOI category during the historical period (2014–2018), which is going to retain its position during the forecast period. This is due to the rising adoption of these wafers in advanced long-term evolution (LTE) smartphones and growing investments for the development of 5G network across the globe.  

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Out of these, the consumer electronics application accounted for the major share of the market during the forecast period. This was because of the rising deployment of RF-SOI in laptops, automatic washing machines & refrigerators, smartphones, tablets, and others. The application is further going to dominate the market during the forecast period.