Silicon on Insulator Market Trends

Growth Drivers

• Increasing Adoption of 5G in Mobile Communication –High-speed and power-efficient processors, which are required for 5G technology, can be made utilizing SOI technology. In high-performance, power-efficient systems like 5G base stations, mobile devices, and data centers, SOI wafers are the best choice due to their distinct electrical and thermal features. In 2023, 5G-enabled smartphones are anticipated to account for more than 58% of all sales. Thus, the growing adoption of 5G is driving the SOI market growth.
• Surging Adoption of IoT devices – Since SOI wafers are required in the production of the chips used in these technologies, the rise of the IoT is also anticipated to increase demand for them. China will have almost 8 billion consumer IoT devices by 2030, making it the country with the most of them. In the approaching years, the market expansion of SOI is anticipated to be driven by the rising need for improved communication technologies and the expanding use of IoT and AI applications.
• Growing Demand for Electronic Products - The primary driving force behind the market's expansion is the rising demand for a wide range of electronic products and applications. By 2023, internet sales in the consumer electronics sector will account for 30.6% of all revenue.

Challenges

• Process control in Silicon on Insulator Wafers and Circuit Design Complexity – The complex semiconductor manufacturing process poses hurdles in establishing the processes required for next-generation SOI technology, reducing the process’s systematic errors. Another issue with SOI has been circuit design, which necessitates new techniques from a technical standpoint. This factor is likely to hamper the market growth.
• Self-heating effects in SOI wafer-based Devices
• Lack of Skilled Labour Force