Silicon on Insulator (SOI) Market

Market Leadership - Silicon on Insulator (SOI) Market

The global SOI market is projected to reach USD 2.3 billion by 2026 from an estimated USD 1.1 billion in 2021, at a CAGR of 17.2% from 2021 to 2026. The rising demand for 5G in mobile communications and the increasing adoption of AI and ML in consumer electronics are the major driving factors for the growth of the SOI market.

Soitec (France); Shin-Etsu Chemical Co., Ltd. (Japan); GlobalWafers Co., Ltd. (Taiwan); SUMCO Corporation (Japan); Shanghai Simgui Technology Co., Ltd. (China); GLOBALFOUNDRIES (US); STMicroelectronics N.V. (Switzerland); Tower Semiconductor Ltd. (Israel); NXP Semiconductors N.V. (Netherlands); Murata Manufacturing Co., Ltd. (Japan); are some of the key players in the SOI market. These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, agreements, and contracts to retain their presence in the SOI market. Collaborations has been the most dominating strategy adopted by the key players from January 2018 to December 2021 to help them strengthen their product portfolio and broaden their customer base.

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Soitec held the leading position in the SOI market as one of the key manufacturers of SOI wafers. The company held ~77% share of the SOI market in 2020. Soitec focuses on several inorganic growth strategies such as collaborations, partnerships, and agreements to strengthen its position in the SOI market. Also, the company focuses on investing significantly in R&D to sustain its position in the market. For instance, the company invested ~10% of its annual revenue in R&D activities in 2020.

Shin-Etsu Chemical Co., Ltd. held the second position in the SOI market. The company is a well-established brand in the SOI market. Intel Corporation held ~6-8% share of the SOI market in 2020. The company offers semiconductor silicon wafers used as substrate materials in personal computers, smartphones, and televisions; automobiles; and compound semiconductor products used in outdoor displays, traffic lights, in-vehicle stop lamps, and sensor light sources. Shin-Etsu Chemical Co., Ltd. has adopted a mix of organic and inorganic growth strategies to stay competitive in the market. Also, the company focuses on investing significantly in R&D to sustain its position in the market. For instance, the company invested ~4% of its annual revenue in R&D activities in 2020.

GlobalWafers Co., Ltd. has secured third position in the SOI market. GlobalWafers Co., Ltd. has a major foothold in the global SOI market for computers, smartphones, gaming devices, music players, appliances, automobiles, and various industrial and space applications. For instance, in 2020, the company invested ~3% of its total revenue, in R&D activities.

SUMCO Corporation has secured fourth position in the SOI market. SUMCO Corporation is among the leading manufacturers of silicon wafers. SUMCO Corporation has a strong base in the APAC and North American markets and is eyeing expansion in the European market. The company is focusing on strengthening its product portfolio. For that, the company is making significant investments in R&D. For instance, in 2020, SUMCO Corporation invested ~USD 47 million, i.e., ~2% of its overall revenue in R&D.

Shanghai Simgui Technology Co., Ltd. has secured fifth position in the SOI market. The company is one of the leading organizations in the SOI market. The company has a strong patent portfolio with 120 patents, which include 60 authorized patents and three patent cooperation treaty (PCT). The company also focuses on strategic collaborations to expand its presence in the SOI market. Moreover, the increased demand for SOI wafers in IoT-based devices in consumer electronics and automotive applications is creating ample opportunities for the company in the SOI market.

Related Reports:

Silicon on Insulator (SOI) Market with COVID-19 Impact Analysis by Wafer Size (200 mm and less than 200 mm, 300 mm), Wafer Type (RF-SOI, FD-SOI), Technology (Smart Cut), Product, Application (Consumer Electronics, Automotive) - Global Forecast to 2026

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Report Code
SE 2737
RI Published ON
11/10/2021
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