By Infinium Global Research Aug, 2020
The Global Silicon On Insulator Market is expected to grow at a CAGR of 20.58% between 2019 and 2025 in terms of value. The increase in smartphone penetration and the growing demand for low power and high-performance devices are the key factors driving the market growth of silicon on insulators. The silicon on the insulator market is anticipated to grow owing to various benefits offered by the technology such as enabling continuous miniaturization, better radiation tolerance, improvement in bulk technology, and capability of higher current densities. It has been reported that nearly 30% more electronic devices can be fabricated in SOI than those of bulk does. The growing need for the silicon on insulators is attributed to the rise in demand for microprocessors and the growing need for high speed in electronic devices. However, the floating body effect of SOI may hamper the demand as this condition affects threshold voltage and many other device characteristics. Furthermore, increasing demand for silicon on insulator from manufacturing industries such as automotive, consumer electronics, and military and defence propel the market growth. The key players are majorly investing in product innovation and in R&D propel the demand for silicon on insulators in the forecast period.
Geographically, Asia Pacific holds the largest share in the global market and expected to continue its dominance over the forecast period. Due to the availability of a large number of end-user industries APAC will be the fastest-growing market globally. China is the major contributor to the market growth in this region followed by India and Japan. The market in North America is anticipated to escalate owing to the recent advancements. Rise in the number of smartphone users, rising demand for high speed is driving the market of silicon on insulators.