According to the research report titled ‘Global Silicon on Insulator (SOI) Market - Analysis By Wafer Type (RF-SOI, FD-SOI, Power SOI, Others), Technology, Application, By Region, By Country (2020 Edition): Market Insights, Covid -19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global silicon on insulator (SOI) market was valued at USD 854.78 million in the year 2019 and is projected to grow significantly during the forecast timespan of 2020-2025.
 

Rising popularity of smartphones, coupled with growing internet penetration are primarily driving the global silicon on insulator market. Furthermore, increasing demand for semiconductor devices, and widespread usage of SOI wafers in consumer electronics are likely to enhance the industry outlook in the coming years.
 

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Based on the wafer type, the market is fragmented into RF-SOI, Power SOI, FD-SOI, and others. Among these, RF-SOI segment is predicted to gain traction over 2020-2025, owing to the advantageous features of this wafer type for semiconductor devices and wireless communication.
 

With respect to technology, the industry is divided into BESOI, SIMOX, smart cut, and others. The smart cut segment holds substantial industry share and is slated to keep expanding during the study period, as it offers better consistency and exceptional bonding interface in wafers while also controlling thickness variations.
 

Speaking of application terrain, worldwide silicon on insulator industry is classified into entertainment & gaming, automotive, consumer electronics, and others. Of these, automotive segment is reckoned to grow significantly through 2025, as it is one of the most common applications of SOI technology. The demand for SOI wafers in vehicles and hybrid technology among automobile manufacturers across the world is growing, which will fuel the industry progress.
 

From a regional perspective, Asia Pacific market is expected to accrues massive returns by the year 2025, attributable to surging application of SOI in emerging technologies such as IoT, 5G, and automotive.
 

Considering the competitive aspect, companies such as Murata Manufacturing Co. Ltd., Shanghai Simgui Technology Co. Ltd., NXP Semiconductors N.V., STMicroelectronics, Tower Semiconductor Ltd., GlobalFoundries Inc., SUMCO Corp., GlobalWafers Co. Ltd., and Soitec S.A. are the major contenders influencing global silicon on insulator market trends.