Silicon on Insulator Market Size

Silicon on Insulator Market size is poised to surpass USD 10 Billion by the end of 2036, witnessing around 14.6% CAGR during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of silicon on insulators was over USD 3 Billion. The market is accelerating due to a rise in demand for micro electric devices with low power, high performance, and small form factors. Around 740 million mobile subscriptions were available globally in the year 2000.

Furthermore, the SOI market is expanding owing to the growing demand for gaming consoles around the globe. Over 227 million people in the US play video games one to a few hours per week. Approximately 74% of US households consist of at least one member who plays video games. Thus, the increasing number of gamers is escalating the market growth.