Silicon-On-Insulator (SOI) Market Size, Share & Segmentation By Product (RF FEM Products, Power Products, Image Sensing, MEMS Devices, Optical Communication) By Wafer Type (RF-SOI, PD-SOI, Emerging-SOI, FD-SOI, Power-SOI) By Wafer Size (200 MM, 300 MM) By Technology (Smart Cut, Layer Transfer SOI, Simox, Bonding SOI, ELTRAN) By Aplication (Consumer Electronics, Datacom & Telecom, Photonics, Automotive, Industrial, Military, Defense, And Aerospace), By Regions And Global Forecast 2024-2031

Silicon-on-Insulator (SOI) Market Report Scope & Overview:

Silicon-on-Insulator (SOI) Market Size was valued at USD 1.6 billion in 2023, and expected to reach USD 4.96 billion by 2031, and grow at a CAGR of 15.2% over the forecast period 2024-2031.

In semiconductor manufacturing, silicon on insulator technology refers to the use of layered silicon-insulator-silicon substrates instead of traditional silicon. This technology is compatible with the industry's current fabrication process, requiring no retooling or additional factory equipment. Silicon on insulator technology has several advantages, including high performance, power savings, reduced leakage, lack of latchup, compatibility, and ease of scaling.

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Silicon is one of the most widely used semiconductor materials. It is generally easy to transform into a pure single crystal. Unlike some other semiconductor materials, silicon is not stable when heated to high temperatures. The excellent chemical and electrical properties of thermally developed SiO2 are presumably the most important factor in silicon's effectiveness as a semiconductor material. The growing demand for low power, high performance, and low area microelectronic devices fuels the growth of the silicon on insulator market.

MARKET DYNAMICS:

KEY DRIVERS:

• Growing emphasis on e-learning will drive demand for smartphones, tablets, and laptop computers.

• Rising interest in 5G mobile communications.

• Rising demand for energy-efficient smart devices based on SOI wafers.

• SOI technology's ability to reduce silicon waste during thin wafer manufacturing.

RESTRAINTS:

• SOI wafer-based devices with reduced breakdown voltage, floating body, and self-heating effects.

OPPORTUNITIES:

• SOI wafer-based devices are becoming more popular in automotive.

• Adoption of FD-SOI in IoT devices and machine learning applications is increasing.

CHALLENGES: 

• Global shortage of semiconductor chips.

• SOI wafer process control and circuit design complexity.

IMPACT OF COVID-19: 

COVID-19 has caused the semiconductor industry as a whole to mobilise quickly and make short-term decisions with long-term consequences. Semiconductor companies operate in a complex ecosystem, collaborating with numerous raw material, assembly, test, packaging, and equipment suppliers and partners around the world. COVID-19's impact on the manufacturing industry has had a significant impact on the global economy. China is the primary source of electronic components such as PCBs, LED chips and wafers, ICs, and other semiconductor devices. Due to the shutdown of manufacturing units, the prices of semiconductor components have risen by  4% due to a supply shortage. The COVID-19 crisis, on the other hand, is expected to hasten automation and the adoption of Industry 4.0 technologies. Remote manufacturing, diagnostics, and maintenance may all become standard. If this happens, semiconductor companies may become smart workspaces, with technologies that allow most employees to work remotely. Companies are also expected to adopt and promote a hybrid model in their manufacturing processes, in which a portion of the workforce works remotely while the remainder remains on-site. The efficiencies gained from such changes, as well as the start-up costs, may have an impact on future silicon-on-insulator revenues.

Based on wafer type, the silicon on insulator market is segmented RF-SOI, PD-SOI, Emerging-SOI, FD-SOI and Power-SOI. During the forecast period, the silicon on insulator market for FD-SOI wafers is expected to grow at the fastest rate. The adoption of FD-SOI wafers is attributed to their high flexibility, ease of implementation, low cost, less complexity, and reduced leakage currents, as well as their ability to optimise power/performance tradeoffs. Several FD-SOI wafer manufacturers are focusing on new product launches and collaborations with other SOI market players to expand their product portfolio and meet rising demand for FD-SOI wafers.

Based on wafer size, the silicon on insulator market is segmented into 200 MM and 300 MM. During the forecast period, the 300 mm segment is expected to have a larger share of the silicon on insulator market than the 200 mm and less than 200 mm segments.

Based on technology, the silicon on insulator market is segmented into Smart Cut, Layer Transfer SOI, SiMOX, Bonding SOI and ELTRAN. During the forecast period, the smart cut technology segment held the largest share of the silicon on insulator market, and a similar trend is expected. The adoption of smart cut technology in a large industrial platform, including major SOI wafer manufacturing companies around the world, is attributed to its growth.

Based on application, the silicon on insulator market is segmented into Consumer Electronics, Datacom & Telecom, Photonics, Automotive, Industrial and Military, Defense, and Aerospace. During the forecast period, the silicon on insulator market for automotive applications is expected to grow at the fastest CAGR. The initiatives taken by leading players in the SOI ecosystem, such as Soitec, to deploy FD-SOI and power-SOI wafer-based chips in autonomous vehicles, infotainment systems, and advanced driver-assistance systems (ADAS) are attributed to the growth of the automotive application.

Based on product, the silicon on insulator market is segmented into into RF FEM Products, Power Products, Image Sensing, MEMS Devices and Optical Communication. The RF FEM products segment dominated the silicon on insulator market. The rising demand for front-end modules in 5G technology, as well as consumer electronic devices such as smartphones, laptops, and tablets, can be attributed to the growth of the RF FEM products segment.

KEY MARKET SEGMENTS:

BY PRODUCT

• RF FEM Products

• Power Products

• Image Sensing

• MEMS Devices

• Optical Communication

BY WAFER TYPE

• RF-SOI

• PD-SOI

• Emerging-SOI

• FD-SOI

• Power-SOI

BY WAFER SIZE

• 200 MM

• 300 MM

BY TECHNOLOGY

• Smart Cut

• Layer Transfer SOI

• SiMOX

• Bonding SOI

• ELTRAN

BY APPLICATION

• Consumer Electronics

• Datacom & Telecom

• Photonics

• Automotive

• Industrial

• Military, Defense, and Aerospace

REGIONAL ANALYSIS:

During the forecast period, the APAC silicon on insulator market is expected to grow at the fastest rate. The rising demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables is driving market growth in APAC. Furthermore, increased investments and expansions by several semiconductor foundry and wafer manufacturers in this region are fueling the growth of the APAC SOI market. Furthermore, the prominence of the semiconductors industry in the region is one of the major drivers for the growth of the SOI market in APAC. The presence of key chip manufacturers and foundry players in APAC is expected to increase demand for SOI wafers in the region, contributing to the growth of the APAC SOI market. Furthermore, the region's high demand for consumer electronic devices is expected to contribute to the region's market growth. In APAC, a greater emphasis on organic and inorganic growth strategies such as product launches, agreements, collaborations, and partnerships is also fueling market growth in this region in the coming years.

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REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The key players in the silicon on insulator market are TOWER SEMICONDUCTOR, GLOBAL WAFERS, MagnaChip Semiconductor Corporation, MURATA MANUFACTURING, NXP Semiconductor, SHIN-ETSU CHEMICAL, Shanghai Simgui Technology, Soitec, STMicroelectronics, SUMCO CORPORATION & Other Players.

NXP Semiconductor-Company Financial Analysis