New York City, NY, 13 December, 2019/ 24 Market Reports: The silicon on insulator market is estimated to reach USD 2.4 billion by 2024 from that of USD 0.8 billion in 2019 growing at a CAGR of 19.9% during the forecast period of 2019 to 2024. Effective use of silicon during the manufacture of thin SOI wafers, and low operating voltage and high performance of SOI-based devices are the factors that are driving the growth of the market during the forecast period.
RF FEM to hold the largest share in the Silicon on Insulator Market during the forecast period
Owing to the increasing demand for RF FEM in upcoming 5G technology as well as consumer electronic devices such as smartphones, laptops, and tablets, RF FEM captured the largest share of silicon on insulator market, in 2018 and the trend is expected to continue throughout the forecast period. By deploying SOI technology in SOI ecosystem, wafer manufacturers and foundry players are also taking initiatives for the development of RF FEM products.
The automotive application segment to drive the highest growth for the Silicon on Insulator Market
The automotive application of the silicon on insulator market is expected to grow at the highest CAGR during the forecast period. The increasing investments being made by automotive giants and other business leaders for the development of Advanced Driver-assistance Systems and driverless cars are the factors that are driving the growth of the market during the forecast period.
APAC region to dominate the global Silicon on Insulator Market throughout the forecast period
The APAC region is expected to grow with the highest CAGR in the silicon on insulator market during the forecast period. The increasing investment by wafer manufacturers and foundry players are propelling the growth of the SOI market in the APAC region.
Owing to simple dielectric isolation, low power consumption, and the high-level of soft error immunity offered by the SOI, the technology is potentially a competition to bulk CMOS and Metal–Oxide–Semiconductor Field-Effect Transistors. However, unlike bulk CMOS and MOSFET, SOI-based MOSFET offer high body resistance yielded floating body effects in SOI-based devices. These floating body affected SOI-based memory devices have high current consumption that can cause loss of information.
The following are the major objectives of the study:
- To define, describe, and forecast the silicon on insulator market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the silicon on insulator market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for silicon on insulator market and their future potential during next decade?
- How competitive landscape is evolving in minimally silicon on insulator market?
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