LONDON--(BUSINESS WIRE)--The global silicon on insulator (SOI) market is expected to post a CAGR of close to 25%, according to the latest market research report by Technavio. However, the market is expected to decelerate on a year-on-year basis, during the period 2019-2023.
A key factor driving the growth of the market is a growing need for low-power, low-cost semiconductor solutions. The evolution of electronics is driving the development of smaller and more efficient chipsets and processors, which can offer greater performance in smaller die sizes. The growing demand for chipsets in low-power computing applications, such as battery-driven devices with limited power supply, has led to the adoption of SOI wafers in chipset manufacturing. The SOI technology offers several benefits over the traditional bulk CMOS technology, and such benefits help in driving down the cost of wafer fabrication and the power consumption of chipsets. Die shrinking is a process used by semiconductor manufacturers, which uses advanced fabrication techniques to produce more dies from a single silicon wafer. SOI is such a technology that helps reduce the die size, allowing more dies to be extracted from a single wafer, thereby reducing the manufacturing cost per chip.
This market research report on the global silicon on insulator (SOI) market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the growing adoption of AR and VR technologies as one of the key emerging trends in the global silicon on insulator (SOI) market:
Global silicon on insulator (SOI) market: Growing adoption of AR and VR technologies
AR is a technology that superimposes information, such as text or images, over the real-world view of an environment. VR is a technology that allows users to experience a simulated world or environment. The commercial interest in these technologies has accelerated considerably in recent years, especially in the aerospace and defense, automotive, gaming, research, medicine and healthcare, and marketing applications. Companies such as Microsoft, Google, and Philips have been making significant investments in AR/VR technologies, expecting future growth. The global VR market alone was valued at about $19.37 billion in 2018. The development of AR/VR technologies is mainly focused on mobility and connected devices, and the key components of these devices include microprocessors, sensors, displays, and input devices. To keep up with the growing demand for AR/VR technologies, semiconductor manufacturers have started focusing on developing low-power processors and other components based on SOI technology.
“Apart from growing adoption of AR and VR technologies, other factors boosting the growth of the market are increase in the outsourcing of activities in the semiconductor industry, and growing demand for high-end smartphones, smart wearables, and IoT devices,” says a senior analyst at Technavio for research on information technology.
Global silicon on insulator (SOI) market: Segmentation analysis
This market research report segments the global silicon on insulator (SOI) market by product (RF-SOI, FD-SOI, PD-SOI, others) and geographical regions (APAC, EMEA, and the Americas).
The RF-SOI segment led the market in 2018 with a market share of more than 44%, followed by FD-SOI, and PD-SOI respectively. However, during the forecast period, the FD-SOI segment is expected to register the highest incremental growth, followed by the others segment.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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