DALLAS, USA: According to a new market research report "Silicon on Insulator Market by Technology by Product (Optical SOI, SOI Transistor, MEMS, Image Sensor and Memory Devices), by Application (Automotive, Computing and Mobile) and Geography - Global Forecast to 2020", published by MarketsandMarkets, the value of Silicon on Insulator market is expected to reach $2,145.1 million by 2020, growing at a CAGR of 18.9 percent from 2014 to 2020.
The term 'Silicon on Insulator' was first announced and industrially implemented by IBM in August 1998. Silicon on Insulator (SOI) is expected to touch our lives; in a way, it will transform our world.
With new technological inventions and their seamless integration in our day to day lives, it is evident that the Silicon on Insulator concept has already laid down the foundation for a promising future. Technology and application trends are acting particularly as the future SOI enablers and these trends are also expected to shape the future of the SOI market. Some of these critical technology trends, which are expected to have a huge impact on SOI evolution, are SIMOX, Smart Cut, SOS, BESOI, and ELTRAN.
Silicon on Insulator has already revolutionized the consumer application industry. Various other SOI applications are also evolving and are expected to further drive opportunities for many industry players across the vast Silicon Market. A detailed segmentation by applications included in the report covers all the major SOI based smart devices used in automotive, computing and mobile, entertainment and gaming, photonics and telecom instruments.
Besides, major silicon wafer technologies, applications and products protocols, and standards have been also discussed in the report. The geographic segmentation section details the Silicon on Insulator market with regards to the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW).