Silicon on Insulator (SOI) Global Market Report 2024

The silicon on insulator (soi) market size has grown rapidly in recent years. It will grow from $1.54 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth observed in the historical period can be ascribed to the increasing demand for higher performance chips, the surge in mobile and consumer electronics, advancements in semiconductor manufacturing, the emergence of the Internet of Things (IoT), and the expansion of automotive electronics.

The silicon on insulator (soi) market size is expected to see rapid growth in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The expansion anticipated in the forecast period can be ascribed to the growing market in the Asia-Pacific region, the proliferation of data centers, the increased demand for higher performance devices, the upsurge in Augmented Reality (AR) and Virtual Reality (VR), and advancements in automotive electronics. Major trends expected in the forecast period comprise investments in research and development (R&D) and innovation, initiatives in green technology, the development of quantum computing, the ascent of wearable electronics, and the demand for energy-efficient devices.

The rising demand for high-speed microprocessors is propelling the silicon on insulators market forward. A microprocessor, the core component of a computer responsible for data processing, is crucial in the computing industry. Silicon on insulators enhance the performance and efficiency of high-performance microprocessors. A 2022 survey of 8,000 computer buyers conducted by 91mobiles, an online marketplace in India, revealed that 72.6% of respondents considered the processor and performance as the most important factors when purchasing a computer. Moreover, data from the Semiconductor Industry Association in 2021 indicated a 20% increase in demand for semiconductor computer chips compared to 2020, with an anticipated 9% rise in 2022. This underscores the significant role of high-speed microprocessors in driving the silicon-on-insulator market.

The escalating demand for consumer electronics is a driving force behind the growth of the silicon on insulators market. Consumer electronics, encompassing products used for daily, non-commercial, or professional purposes, rely on silicon-on-insulator (SOI) technology to extend battery life and enhance the performance of devices such as smartphones and tablets. Notably, in 2023, data from the Federal Reserve Economic Data showed an increase in sales for electronics and appliance stores from $3,487 million in 2020 to $8,540 million in 2021 in St. Louis. Additionally, projections from Shopify suggested that global consumer electronics spending would reach $505 billion by the end of 2022, marking a 20% increase from 2020. Consequently, the growing demand for consumer electronics is driving expansion in wholesale electronic markets and the market for agents and brokers.

Technological advancements emerge as a prominent trend in the silicon-on-insulator market, with major companies introducing innovative products to maintain their market positions. In May 2021, IBM, a US-based computer technology company, launched the world's first computer chip powered by 2-nanometer nanosheet technology, delivering higher performance and lower energy consumption compared to 7-nanometer node chips. These advancements hold potential benefits for various applications, including significantly extending cell phone battery life, accelerating laptop operations, and enhancing object identification and reaction times in autonomous vehicles, thereby reducing data center carbon footprints.

Companies in the silicon-on-insulator market are actively developing technology platforms, such as silicon-on-insulator (SOI) technology, to enhance semiconductor device performance. In May 2023, United Microelectronics (UMC), a Taiwan-based semiconductor company, unveiled a 40nm silicon-on-insulator (SOI) technology platform designed for wafer-based millimeter-wave (mmWave) RF chip development. This platform is tailored to produce RF switches, low noise amplifiers, and power amplifiers capable of handling the increased bandwidth of mmWave frequencies, crucial for advanced 5G wireless networks and applications such as smartphones and small cell base stations.

In February 2022, Intel, a US-based semiconductor technology company, acquired Tower Semiconductor for $5.4 billion. This acquisition aligns with Intel's IDM 2.0 strategies, aiming to expand manufacturing capabilities and geographical footprint. Tower Semiconductor, an Israel-based semiconductor technology company, specializes in manufacturing silicon-on-insulator products, among other semiconductor offerings.

Major companies operating in the silicon on insulator (soi) market report are GlobalWafers Co. Ltd., GlobalFoundries Inc., Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Shanghai Simgui Technology Co. Ltd., Shin-Etsu Chemical Co. Ltd., Silicon Valley Microelectronics Inc., Soitec S.A., STMicroelectronics N.V., SUMCO Corporation, IBM Corporation, Virginia Semiconductor Inc., Taiwan Semiconductor Manufacturing Company Limited, Qualcomm Technologies Inc., Qorvo Inc., Applied Materials Inc., ARM Holdings, ASML Holding N.V., Cree Inc., EV Group (EVG), Freescale Semiconductor Inc., Global Communication Semiconductors LLC, ON Semiconductor Corporation, Infineon Technologies AG, Intel Corporation, International Rectifier Corporation, Jazz Semiconductor Inc., Lattice Semiconductor Corporation, MagnaChip Semiconductor Corporation, Microsemi Corporation.

Asia-Pacific was the largest region in the silicon on insulator (SOI) market in 2023. The regions covered in the silicon on insulator (soi) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silicon on insulator (soi) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of silicon on insulator (SoI) encompass fully depleted silicon on insulator (FD-SoI), partially depleted silicon on insulator (PD-SoI), power-SoI, among others. A fully depleted silicon on insulator (Fd-SoI) signifies a semiconductor device containing an ultra-thin silicon layer over buried oxide, situated atop a thin silicon base. The predominant wafer sizes are either less than or equal to 200 mm or 201 mm and above. Various technologies involved include besoi, simox, smart cut, eltran, and sos. Diverse applications span power supplies, consumer electronics, automotive, IT and telecommunications, aerospace and defense, industrial, and more.

The silicon on insulator market research report is one of a series of new reports that provides silicon on insulator market statistics, including silicon on insulator industry global market size, regional shares, competitors with a silicon on insulator market share, detailed silicon on insulator market segments, market trends and opportunities, and any further data you may need to thrive in the silicon on insulator industry. This silicon on insulator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.