The global Silicon on Insulator 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. Increasing demand for SOI wafer-based energy-efficient smart devices are among the factors driving the growth of the SOI market.

In 2021, the 300 mm segment is expected to hold a larger share of the SOI market than the 200 mm and less than 200 mm segment, and a similar trend is expected to be observed during the forecast period. The increasing global demand for smartphones, consumer electronics, automobiles, and IoT devices is likely to drive the growth of the SOI market for IC physical design & verification during the forecast period.

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In 2020, the RF-SOI wafers segment held the largest size of the SOI market. The growth of the RF-SOI wafers segment can be attributed to the rising demand for RF front-end modules in smartphones, laptops, and tablets. All the smartphones use RF-SOI wafers. The increasing demand for other components such as digital and RF chips is also driving the market for RF-SOI wafers.

In 2020, smart cut technology held the largest share of the SOI market, and a similar trend is likely to be observed during the forecast period. The growth of smart cut technology is attributed to its adoption on a large industrial platform including major SOI wafer manufacturing companies across the world. Smart cut is the proprietary technology of Soitec. The company licenses this technology to major SOI manufacturers across the world.

In 2021, the RF FEM product segment is projected to hold the largest share of the SOI market. The growth of the RF FEM segment can be attributed to the rising demand for front-end modules in 5G technology, as well as consumer electronic devices such as smartphones, laptops, and tablets. RF FEM is one of the most critical designs in 4G LTE-Advanced and 5G smartphones and base stations.

In 2020, the consumer electronics segment accounted for the largest share of the SOI market. SOI wafers are essential components used in various consumer electronic products such as smartphones, wearable devices, portable devices, personal computers, laptops, television sets, tablets, and set-top boxes. Currently, social gatherings have been banned to curb the spread of COVID-19, people are working from homes, as well as lessons are being imparted to students through online media. This has increased demand for smartphones, tablets, laptops, and computers.

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Europe held the largest share of the SOI market in 2020, and a similar trend is expected to be continued during the forecast period. The growth of the SOI market in Europe is attributed to the presence of major SOI wafers manufacturers in the region. Also, the rising demand for SOI wafers in consumer electronics, datacom & telecom, automotive, and industrial applications is contributing to the growth of the SOI market in Europe.