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Silicon on Insulator Market worth $2.55 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 30, 2024 /PRNewswire/ — The global silicon on insulator market was valued at USD 1.29 billion in 2024 and is projected to reach USD 2.55 billion by 2029; it is expected to register a CAGR of 14.7% during the forecast period according to a new report by MarketsandMarkets™. The demand for silicon on insulators reduces the overall cost of semiconductor devices by minimizing silicon wastage during the manufacturing of thin SOI wafers. It also leads to improved performance, low operating voltage required by SOI wafers, and increased investments in the SOI ecosystem. SOI devices can operate at higher frequencies compared to traditional bulk silicon devices, leading to improved performance in applications like high-speed communications and computing.

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Browse in-depth TOC on “Silicon on Insulator Market” 
154 – Tables
66 – Figures
217 – Pages

Silicon on Insulator Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.29 billion

Estimated Value by 2029

$ 2.55 billion

Growth Rate

Poised to grow at a CAGR of 14.7%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By wafer size, wafer type, technology, product, application, and region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Volatility and susceptibility of SOI-based wafers to damage caused by pressure or stress

Key Market Opportunities

Use of SOI technology in IoT devices

Key Market Drivers

Need for technological advancements in consumer electronics

By Wafer Type: FD – SOI segment to account for the largest market share in the forecasted year.

The FD-SOI segment accounted for the largest share of the silicon on insulator market in 2029. The growth of the segment is attributed as it enables low-power operation by minimizing leakage currents, making it highly suitable for energy-efficient applications. The FD-SOI technology can lower the operating voltage in SRAM cells by 100-150 mV, leading to a significant reduction in power consumption (up to 40%) compared to conventional CMOS technologies. The advantages of FD-SOI wafers include low power consumption, less energy consumption, faster operation, less parasitic capacitance, low variability, and reliability. They are more expensive than bulk CMOS wafers but offer improved performance and power efficiency. 300 mm FD-SOI wafers are an alternative to FinFET technology.

By Product: MEMS devices accounted for the largest market share in the forecasted year.

MEMS devices hold the largest share of the silicon on insulator market in 2029. SOI technology allows for the miniaturization of MEMS devices without compromising their functionality. This miniaturization is essential to meet space and power requirements, specifically in the consumer electronics industry, automotive, and medical devices industries. The low power consumption is mainly due to the thinner silicon layer used in SOI substrates, especially critical to battery-powered MEMS devices. Further, thick SOI-based MEMS are deployed in accelerometers, gyroscopes, RF, and optical MEMS devices. MEMS devices using SOI are more reliable and compact in size and can execute high-speed operations. The SOI technology is superior in thermal management this is because the insulating layer helps in the management of heat that is produced in the MEMS devices when in use.

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By Region: Asia Pacific region is accounted for the largest market share in the forecasted year.

The Asia Pacific region is accounted for the largest share of the silicon on insulator industry in 2029. This market has experienced sustainable growth from increased market demand and adoption of various consumer electronics goods including smart handheld devices including Smartphone’s, tablets, laptops, and smart wearable gadgets. The emergence of new generation networks, in particular, 5G/6G networks requires such devices that meet the following requirements: high speed and energy efficiency. Therefore, the SOI technology has better performance in RF communication compared to other circuits and consume less power making them ideal to be used in 5G networks. In addition, some of these market players have also been investing more in this area and expanding their semiconductor foundry as well as wafer manufacturing capacity in the same region, there is an increase in the Asia Pacific SOI market.

Key Players-

The key companies that offer silicon on insulator companies include SOITEC (France), Shin-Etsu Chemical Co., Ltd. (Japan), GlobalWafers (Taiwan), SUMCO Corporation (Japan), Shanghai Simgui Technology Co., Ltd.  (China).

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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This Week in Consumer News: 15 Stories You Need to See

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A roundup of the most newsworthy consumer and retail announcements from PR Newswire this week, including a glimpse at the 2025 USPS stamp collection, a saucy announcement from McDonalds’s and tomato-based “Pizza Wine” from Pizza Hut.

NEW YORK, Nov. 22, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help consumer/retail journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

U.S. Postal Service Provides Sneak Peek at 2025 Stamps
“This early glimpse into our 2025 stamp program demonstrates our commitment to providing a diverse range of subjects and designs for both philatelists and stamp enthusiasts,” said Lisa Bobb-Semple, Stamp Services director for USPS.McDonald’s Gets Saucy This Holiday Season to Celebrate the Return of the McRib® Sandwich
Introducing: A Whole Lotta McRib Sauce, a half-gallon jug of the iconic McRib sauce – perfect for holiday parties, festive recipes or the ultimate stocking stuffer for McRib lovers.KIT KAT® Brand Debuts First-Ever Seasonal Shape: KIT KAT® Santas
Available for a limited time only, this new KIT KAT® treat is a festive addition to the brand’s product lineup that is adorned with imprinted boots, a jolly smile and an even crispier wafer-to-chocolate ratio than a traditional KIT KAT® bar.Lovesac Introduces Sactionals Reclining Seat: The World’s Most Innovative Power Recliner
Sactionals owners can now create a couch with as many Reclining Seats as they want – further solidifying the promise that every seat within Sactionals is the best seat in the house.Pizza Hut Launches “Pizza Wine” – A Tomato Wine as Bold as Your Favorite Slice
Pizza Hut unveils their innovative take on the pizza and wine duo to help guests show up as the holiday hero to any party with the Triple Treat Box in one hand and “pizza wine” in the other.CASETiFY Expands Into Travel
CASETiFY is bringing a bold new perspective to the premium travel category with the launch of its most durable, fully customizable, made-to-order luggage collection.Meijer Aims to Provide Four Million Meals to Neighbors in Need this Thanksgiving
From Nov. 24-30, Meijer will donate the equivalent of one meal to Simply Give food pantry partners when a customer’s purchase includes any Meijer brand, Frederik’s by Meijer, True Goodness by Meijer or Purple Cow food item.OpenTable Serves Up 2025 Dining Predictions
“We’re seeing a new age of dining out that is more adventurous than years past, evidenced by diners embracing midweek dining, dining solo or with large groups, or upping the ante with a dining experience,” said Debby Soo, CEO of OpenTable.Zenni Optical and NBA Star Jrue Holiday Team Up to Launch Exclusive Eyewear Collection
Known for his on-court precision and off-court elegance, Jrue brings a fresh and modern approach to eyewear, curating a selection of frames that are practical and fashion-forward.For the 5th Consecutive Year, Hellmann’s Mayonnaise Returns to the Big Game
On February 9, 2025, the MVP condiment brand will show fans how it brings out the best in game day dishes in a :30 spot.Stanley Black & Decker Releases its 2024 “Hosting for the Holidays” Interactive Product Guide to Make Every Room Holiday Ready
The newly released guide allows visitors to virtually walk from room to room, experiencing ways to deck the halls, spread holiday cheer, and spruce up the home in time for the holiday season.Wolverine and Jarritos Unite to Celebrate Heritage and Flavor with Limited-Edition Trade Wedge Boot
Built on the popular silhouette of Wolverine’s Trade Wedge, these limited-edition boots retain all the qualities of this beloved style while infusing the vibrant Jarritos signature lime and mandarin color palette.Nutella® is Partnering with Hallmark Channel to Share the Love this Holiday Season
The beloved hazelnut spread will be featured in the new original Hallmark Channel movie, Deck the Walls, giving families a delicious new recipe to bake together.ALDI Opens First-Ever Charcuterie Chalet Immersive Experience, Bringing Together 90+ Cheeses, Charcuterie & Wines for a Holiday Wonderland
Inside the Charcuterie Chalet, cozy, ski lodge vibes will be met with wall-to-wall charcuterie where guests can feast their eyes – and stomachs – on a curated selection of food and beverage offerings that they can easily recreate at home without busting the holiday budget.Hidden Valley Ranch Unveils Flavor-Packed Holiday Cards
No more stashing holiday cards in your junk drawer or throwing them out in the trash – the NEW “Hidden” Hidden Valley Ranch Holiday Card Collection is meant to be savored once they come off the fridge. Each card in this 8-pack collection comes with a hidden serving of zesty, creamy ranch dressing for recipients to enjoy.

For more news like this, check out all of the latest retail-related releases from PR Newswire.

Do you have a retail press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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This Week in Finance News: 12 Stories You Need to See

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A roundup of the most newsworthy financial press releases from PR Newswire this week, including updates in cross-border payments and retirement spending, as well as The Economist’s look ahead at 2025.

NEW YORK, Nov. 22, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

Chainlink joins Banco Inter, Microsoft and 7Comm consortium to support trade finance use case in phase 2 of Drex pilot
The solution leverages blockchain technology and oracles to automate supply chain management and improve trade finance processes. The goal of the pilot is to demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border Payments with Xoom
These forthcoming integrations will help drive financial inclusion by providing more widespread access to digital financial solutions across Asia-Pacific and Africa. In addition, PayPal will be able to conduct cross-border settlement transactions without being restricted by traditional banking hours.The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley
The Great American Group will leverage a 30-year track record to provide industry-leading valuation, appraisal, asset disposition and real estate services.Nordic Capital to acquire Anaqua, a leading global Intellectual Property Management solutions provider
Anaqua’s differentiated solution integrates best-practice workflows, data analytics, foreign filings, and patent and trademark renewal payments into a single, mission critical software platform. This platform offers a unique end-to-end value proposition to streamline operations, inform strategy and empower decision-making around customers’ valuable IP portfolios.The Economist launches The World Ahead 2025-forecasting a year of uncertainty and instability with Trump upending global trade, economics and geopolitics
Commenting on this year’s edition of The World Ahead, editor Tom Standage said, “Donald Trump’s decisive victory and imminent return to the White House will, more than anything else, shape the coming year, with implications in many areas of policy, not just for America, but for the world. What will this mean for global security, the clean-energy transition, international trade and governments’ efforts to cut deficits?”Bethpage Federal Credit Union is Becoming FourLeaf
Bethpage Federal Credit Union, the largest credit union in the Northeast Region, and the 15th largest in the nation with over 480,000 members and $13.4 billion in total assets, is rebranding to become FourLeaf Federal Credit Union. The new name, FourLeaf, represents the credit union’s commitment to growth, prosperity and abundance for its members and the communities it has served for the past 83 years.South Korea’s Hanwha Life to acquire majority stake in U.S.-based Velocity Clearing, allowing both companies to target global markets
Hanwha Life has agreed to acquire a 75% stake in the parent of Velocity Clearing, a U.S.-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake. With this acquisition, Hanwha Life will secure a foothold in the U.S. financial sector, expanding access to excellent opportunities to maximize the return on investment.Spending Retirement Savings is Keeping Americans Up at Night
Nearly half of America’s retirees (46%) say spending their savings creates anxiety and is having an emotional toll on them and nearly a third (32%) are spending money faster than they expected, according to the most recent chapter of the Alliance for Lifetime Income’s 2024 Protected Retirement Income and Planning (PRIP) Study.Kong Secures $175 Million New Financing at $2B Valuation to Power the API World
Kong will use the new funds to accelerate its global GTM expansion, enhance product innovation with AI-infused capabilities across AI Gateway, Konnect, Insomnia and all its leading API runtimes such as Kong Gateway and Kong Mesh, while investing in the growth of its customer experience teams.Digital News Platform MONIIFY to Deliver Business and Finance Content for Millennials and Gen-Z in Emerging Markets
Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy.Benzinga Announces Winners for the 2024 Global Fintech Awards
The prestigious event, held at Convene Brookfield Place in New York City, celebrated innovation, excellence, and outstanding achievements across over 25 categories, recognizing companies and individuals who are shaping the future of financial technology.Altrata Report Finds Billionaires’ Wealth Surged by 9%, Reaching a Record of $12.1 Trillion
North America saw the fastest growth in billionaire numbers of any region in 2023. It now accounts for 33.4% of the global billionaire population.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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X Financial to Hold Annual General Meeting on December 20, 2024

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SHENZHEN, China, Nov. 22, 2024 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading online personal finance company in China, today announced it will hold its 2024 annual general meeting of shareholders at 7/F – 8/F, Block A, Aerospace Science and Technology Plaza, No. 168 Haide Third Avenue, Nanshan District, Shenzhen 518067, China on December 20, 2024, at 10:00 a.m. local time.

No proposal will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company’s Class A ordinary shares and Class B ordinary shares to discuss Company affairs with management.

The Board has fixed the close of business on December 9, 2024 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof.

Holders of record of the Company’s Class A ordinary shares and Class B ordinary shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person. Beneficial owners of the Company’s ADSs are welcome to attend the annual general meeting in person.

The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the “SEC”) on April 29, 2024. The annual report can be accessed on the Company’s investor relations website at https://ir.xiaoyinggroup.com as well as the SEC’s website at https://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company by emailing X Financial Investor Relations at ir@xiaoying.com.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and provide loans to prime borrowers under a risk assessment and control system.

For more information, please visit: https://ir.xiaoyinggroup.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

X Financial
Mr. Frank Fuya Zheng
E-mail: ir@xiaoying.com 

Christensen IR

In China
Mr. Rene Vanguestaine
Phone: +86-178-1749 0483
E-mail: rene.vanguestaine@christensencomms.com 

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

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