Silicon on Insulator (SOI) Market Share, Growth, Analysis and Advancement Outlook To 2023
“Factors such as surge in use of SOI wafers in advanced devices such as tablets, smartphones, wearables, and earphones/headphones. Furthermore, while manufacturing thin wafers, the use of SOI technology stops the wastage of silicon, which decreases the price of semiconductor devices. Hence, the real use of silicon during the manufacture of thin SOI wafers are likely to drive the silicon on insulator (SOI) market in the forthcoming period.”
Global silicon on insulator (SOI) market is anticipated to witness an exponential growth in the forecast period. Silicon on insulator (SOI) technology implies a layered form of the substrate that has silicon-insulator-silicon as its layers as a substitute of conventional silicon substrates in the semiconductor industry, particularly microelectronics, to improve performance. Factors such as surge in use of SOI wafers in advanced devices such as tablets, smartphones, wearables, and earphones/headphones. Furthermore, while manufacturing thin wafers, the use of SOI technology stops the wastage of silicon, which decreases the price of semiconductor devices. Hence, the real use of silicon during the manufacture of thin SOI wafers are likely to drive the silicon on insulator (SOI) market in the forthcoming period. On the other hand, volatility of raw material prices, time-consuming manufacturing process, and complex product growth procedure are anticipated to hinder market growth in the future. However, technological advancement is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Silicon on insulator (SOI) market could be explored by wafer size, wafer type, product type, application, technology, and geography. Market could be explored by wafer size as 300 mm and 200 mm. The “300-mm wafer” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include Wafer and foundry companies are increasing their capacity for producing 300-mm wafers. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/silicon-on-insulator-soi-market