Silicon on Insulator Market Share

APAC Market Forecast

Asia Pacific silicon on insulator market is projected to hold a share of 41.7% during the forecast period. The silicon on insulator (SOI) market is expanding significantly in the Asia Pacific area, which is mostly due to rising investments and soaring consumer electronics demand. The Telecom segment of the SOI industry is anticipated to prosper in the region due to the growing demand for wireless communications. As per a report, with a total subscriber base of 2,755 million in 2021, Asia-Pacific saw an 11% increase in the number of mobile connection subscribers. These factors are driving the market growth in the region.

North American Market Statistics

North America SOI market is expected to hold a share of 36.3% during the foreseen period.  The growth can be accredited to an increase in silicon on insulator demand primarily driven by the expansion of the consumer electronics and semiconductor industry. Customers' increasing concern for the environment and government regulations in the North American region has led to a rise in demand for SOI wafers in the automotive industry, where they are employed in electric vehicles.