India, Brazil, and UK are the fastest growing demand hubs within the $1.4 billion Silicon On Insulator market and expected to grow with a CAGR range of 16.5% and 24.1% for the period of 2024 to 2030. Consumer electronics and automotive are major application areas for Silicon On Insulator and market competition is fierce in these applications. SOl technology enables electronics systems for demanding conditions like high temperatures and frequencies crucial for advanced driver assistance systems (ADAS). STMicroelectronics and Tower Semiconductor are known players in this field.
Leading players in such as Soitec, GlobalFoundries, STMicroelectronics, NXP Semiconductors, Tower Semiconductor, Skyworks Solutions, Murata Manufacturing and Applied Materials are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.
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RF SOIs are being utilized more in the field of telecommunications to enhance the performance of signals and increase efficiency in devices supporting 5G and high frequency systems.
Global & Regional Analysis
As per research study, Silicon On Insulator is expected to rise to $9.1 billion by 2035 from $1.4 billion of 2023 with a CAGR of 17.2%. North America excels in Silicon On Insulator (SOl) technology due to the demand from the automotive and telecommunications industries. Key industry leaders such, as GlobalFoundries and IBM hold positions in this sector in the region.
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