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Global Silicon on Insulator Market to Reach $3.18 Billion by 2027: AMR

Allied Market Research
·4 min read

Increase in use of Sol wafers in consumer electronics and rise in investment by wafer manufacturers and foundry players in developing countries have boosted the growth of the global silicon on insulator market. The market across Asia-Pacific contributed the largest share in 2019, holding nearly three-fifths of the market. The Covid-19 pandemic affected the manufacturing industry as most of the electronic components are imported from China.

Portland, OR, Jan. 14, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global silicon on insulator market generated $1.11 billion in 2019, and is expected to reach $3.18 billion by 2027, registering a CAGR of 14.1% from 2020 to 2027.

Increase in use of Sol wafers in consumer electronics, its use to improve operational performance with low operating voltage, and rise in investment by wafer manufacturers and foundry players in developing countries have boosted the growth of the global silicon on insulator market. However, self-healing effects in Sol-based hinder the market growth. On the contrary, increase in use of Sol technology in IoT devices and apps coupled with implementation of automation solution across the retail industry would open new opportunities for the market players in the future.

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Covid-19 scenario:

  • The sudden outbreak of coronavirus forced companies to take short-term decisions that might affect them in the long-term. In addition, the prolonged lockdown negatively impacted the supply chain, the supply of raw materials, and packaging & transport of equipment.

  • The Covid-19 pandemic affected the manufacturing industry as most of the electronic components are imported from China. The lockdown across China increased the prices of semiconductor components.

The global silicon on insulator market is divided on the basis of technology, wafer size, product, application, and region. Based on technology, the market is segmented into BESOI, SiMOX, Smart Cut, ELTRAN, and SoS. The smart cut segment dominated the market in 2019, contributing to more than one-third of the total revenue. Moreover, the segment is expected to manifest the highest CAGR of 15.4% from 2020 to 2027.

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Based on product, the market is categorized into RF FEM, MEMS, power, optical communication, and image sensing. The RF FEM segment is projected to portray the highest CAGR of 16.1% during the forecast period. In addition, the segment held the lion’s share in 2019, accounting for more than one-fourth of the market.

The global silicon on insulator market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific contributed the largest share in 2019, holding nearly three-fifths of the market. Moreover, the region is anticipated to manifest the highest CAGR of 14.8% from 2020 to 2027.

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The global silicon on insulator market report includes an in-depth analysis of the prime market players including GlobalWafers, NXP Semiconductors, SUMCO CORPORATION, Shin-Etsu Chemical Co. Ltd., MagnaChip Semiconductor Corp, STMicroelectronics, Soitec SA, Simgui, Tower Semiconductor Ltd. (ToweJazz), and Murata Manufacturing Co. Ltd.

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Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com