Silicon on Insulator Market To Progress at 22.7% CAGR during 2019–2024

A number of factors such as the burgeoning demand for silicon on insulator (SOI) wafers in the consumer electronics sector and surging investments being made in the SOI ecosystem are expected to drive the silicon on insulator market at a CAGR of 22.7% during the forecast period (2019–2024). The market revenue stood at $684.8 million in 2018 and it is projected to reach a value of $2,285.5 million by 2024.

As the SOI technology enables faster production of computer chips with low-frequency noise, in comparison to the traditional silicon technology, it is being deployed in the consumer electronics industry at a rapid pace. SOIs find wide application in consumer electronics such as tablets, notebooks, smartphones, and digital cameras.



Due to the surging demand for smartphones equipped with advanced multimedia features, 3G/4G long term evolution (LTE) multimode connectivity, and location awareness capabilities, the silicon on insulator market will advance at an exorbitant rate in the coming years. The highest demand for these electronics is observed in the Asia-Pacific (APAC) and Latin America (LATAM) regions. Moreover, the increasing penetration of the internet and rising digitalization will fuel the demand for smartphones across the world.

The surging practice of miniaturization of devices and declining prices of manufacturing chipsets have become a prominent trend in the market. The culture of miniaturization of devices is gaining momentum due to the burgeoning demand for smaller assemblies in specific applications and the rising need for curtailing material costs through smaller parts that function like the larger components.

Miniaturization has led to the development of smaller devices that are deployed in consumer electronics and automotive applications such as infotainment systems, collision detections, and navigation control. This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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