DUBLIN--(BUSINESS WIRE)--The "Silicon on Insulator Market by Wafer Size, Wafer Type, Technology, Product and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global silicon on insulator market size was $1.11 billion in 2019, and is projected to reach $3.18 billion by 2027, growing at a CAGR of 14.1% from 2020 to 2027.
Silicon on insulator technology states the usage of layered silicon-insulator-silicon substrate in position of traditional silicon in semiconductor manufacturing work. This technology is compatible with presently used fabrication process in the industry without retooling or extra equipment of existing factory. There are several benefits of silicon on insulator technology such as high performance, power saving, reduced leakage, absence of latchup, compatibility, and ease in scaling.
Silicon on insulator (SoI) is an integral part of consumer electronics products such as tablets, smartphones, wearable devices, electric cars, and others. Thus, demand for SoI is increasing rapidly in consumer electronics. Also, the need for reducing power consumption in a variety of mobile and portable devices has fueled the demand for SOI devices in the consumer electronic industry.
Further, the SoI wafers offer the reliability, speed, and hardness beyond traditional technologies, which increases the overall operational performance at low voltage, which is further expected to contribute to the silicon on insulators market growth. Silicon on insulator catches lot of attention in the design of high-performance circuits. In recent times, chipmakers giants such as Advanced Micro Devices, IBM and Intel Corporation have taken surging interest in the commercialization of SOI technology.
The minor restructuring in the current chip fabrication methods has enabled several manufactures to shift from the bulk silicon technology to the SOI-based devices. However, the self-heating effects in SOI-based devices act as restraints to the growth of the silicon on insulator market. Moreover, the market players faced challenges in procuring the raw material and delivering the finished goods with the interrupted supply chain.
- Surge in usage of SoI wafers in consumer electronics
- Enhances operational performance with low operating voltage
- Increasing investments by wafer manufacturers and foundry players in emerging economies
- Self-heating effects in SoI based devices
- Increasing use of SoI technology in IoT devices and applications
- Implementing automation solutions across the retail industry to avoid human intervention
- Volatility in cost of raw materials
- Tower Semiconductor Ltd.
- Global Wafers Co., Ltd.
- Magnachip Semiconductor Corporation
- Murata Manufacturing Company, Ltd.
- Nxp Semiconductor
- Shin-Etsu Chemical Co., Ltd
- Shanghai Simgui Technology Co., Ltd.
- Stmicroelectronics N. V.
- Sumco Corporation
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