According to the business intelligence report titled ‘Global Silicon on Insulator (SOI) Market - Analysis By Wafer Type, Technology, Application, By Region, By Country (2020 Edition): Market Insights, Covid -19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global silicon on insulator (SOI) market was worth USD 854.78 million in 2019 and is touted to grow tremendously during 2020-2025.
 

Global silicon on insulator (SOI) market growth can largely be attributed to escalating demand for SOI wafers as well as semiconductor devices in the consumer electronics vertical. Increasing penetration of smartphones and internet is adding significant traction to the industry expansion.
 

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Based on wafer type, the market is divided into power SOI, FD-SOI, RF-SOI, and others. Among these, the RF-SOI segment is expected to experience considerable expansion through 2025, owing to rising adoption in wireless communication as well as semiconductor devices.
 

With regards to technology landscape, the smart cut segment is set to emerge as a major propeller of global silicon on insulator (SOI) market growth during the analysis timeframe. Advantageous characteristics of the technology such as high uniformity and great bonding interface in wafers are fostering the growth of the segment.
 

Moving on to application spectrum, the automobile sector is touted to amass substantial returns over 2020-2025, on account of surging demand for SOI wafers in hybrid vehicle technology.
 

Speaking of regional outlook, Asia-Pacific silicon on insulator (SOI) market is anticipated to grow significantly over the forecast period, owing to escalating demand for SOI in the 5G as well as automotive industries along with integration with advanced technologies, mainly IoT (internet of things).
 

Murata Manufacturing Co., Ltd., Shin-Etsu Chemical Co., Ltd., Soitec, Silicon Valley Microcontrollers, Globalwafers Co., Ltd., GlobalFoundries Inc., SUMCO Corp, Tower Semiconductor Ltd., NXP Semiconductors N.V., STMicroelectronics, and Shanghai Simgui Technology Co., Ltd are the key participants of worldwide silicon on insulator (SOI) market sphere.