Global Silicon On Insulator Market: Silicon is a widely used semiconductor material. The silicon on insulator a semiconductor wafer technology was firstly developed for military purposes and is now used in manufacturing of devices with low power input and high-performance output. Silicon oxide (SiO2) has an excellent electrical, thermal, and chemical properties owing to which they are commonly used in consumer electronics.
North America is expected to account largest revenue share in global silicon on insulator market over the forecast period
Rising demand of high speed microprocessors for computer, PlayStation, mobile phones, digital cameras, televisions, and other electronics devices is a key factor driving the growth of global silicon on insulator market. In addition, increasing adoption silicon on insulator (SoI) technology in microelectromechanical systems (MEMS) in order to achieve high performance with low power consumption is another factor driving growth of the global silicon on insulator market. This factor is expected to further drive growth of the global market to a significant extent over the forecast period. Also, technological advancements in silicon on insulator wafers is another major factor anticipated to fuel growth the global silicon on insulator market.
However, volatile raw material cost is a key factor hampering growth of the global silicon on insulator market. In addition, complex and lengthy manufacturing process is another major factor expected to hamper growth of the global silicon on insulator market over the forecast period.
The global silicon on insulator market is segmented on the basis of types, technology, application, and region. On the basis of region, the global silicon on insulator market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America is a dominant player in the global silicon on insulator market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to increasing demand of high speed microprocessor and presence of various market players in this region. The market in Europe accounts for the second-highest revenue share contribution to the global silicon on insulator market followed by markets in Latin America, Asia Pacific, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue and is expected to register a CAGR of XX.X% over the forecast period, owing high production of silicone and silicone-related products at cost-effective price in countries such as China, South Korea, and Japan.
Key players in global silicon on insulator market includes, IBM Corporation, ARM Holdings, Shin-Etsu Chemical Co. Ltd., United Microchip Corp, Siltronic AG, SUMCO CORPORATION, Ultrasil Corporation, and United Microelectronics Corporation.