Silicon Carbide Market

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Silicon Carbide Market by Device (SiC Discrete Device, SiC Module), Wafer Size (Up to 150mm, >150mm), End-use Application (Automotive, Energy & Power, Industrial, Transportation), Material, Crystal Structure and Region - Global Forecast to 2029

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Report Code: SE 2556 Mar, 2024, by marketsandmarkets.com

[237 Pages Report] The silicon carbide market is estimated to be worth USD 4.2 billion in 2024 and is projected to reach USD 17.2 billion by 2029, at a CAGR of 32.6% during the forecast period. The accelerating demand for power electronics is one of the major drivers of silicon carbide market. Furthermore, the continuous developments to improve the quality of SiC substrate and epitaxy provides growth opportunities in the silicon carbide market.

Silicon Carbide Market

Silicon Carbide Market Forecast to 2029

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Silicon Carbide Market Dynamics

Driver: Accelerating demand for power electronics

Power electronics play a pivotal role in the global electrical infrastructure in power electronics as it requires electronic devices that offer enhanced efficiency which is important to mitigate switching losses. Within the power electronics industry there is an array of power devices that are responsible for converting alternating current to direct current or vice versa within systems that are engineered to minimize energy dissipation and bolster system efficiency. In contrast to traditional silicon-based devices, SiC power semiconductors offer improved power conversion efficiency, high voltage and current tolerances, and enhanced resistance to elevated operating temperatures. These attributes substantially benefit devices such as data center power supplies, wind or solar modules, and converters. Therefore, accelerating demand for power electronics drives the growth of the silicon carbide market.

Restraint: High cost of SiC devices

The primary factor that contributes to the high cost of SiC devices is the expensive SiC substrate, which surpasses the cost of silicon wafers significantly. The sublimation process that is required to produce SiC demands substantial energy to reach high temperatures which yields final boules that are no longer than 25 mm in length, with extended growth times. This leads to a cost escalation as compared to silicon wafers. Moreover, other cost factors include epitaxy and device fabrication that entails high temperatures and costly consumables. The final cost driver lies in the yield at each stage that includes the number of unusable wafers from boules and the post-epitaxy and fabrication write-offs. Therefore, the high costs of SiC devices hinder the growth of the SiC market.

Opportunity: Continuous developments to improve the quality of SiC substrate and epitaxy

Continuous improvement in SiC substrate quality and epitaxy processes is an important factor in the ongoing advancements of SiC device manufacturing. Researchers are diligently addressing defects that are in SiC substrates such as scratches, micro pipes, crystalline stacking faults, stains, and surface particles, which decreases the performance of the SiC device. Efforts towards maintaining consistent substrate quality even with larger wafers resist the higher density of defects. These advancements are poised to elevate SiC device quality, reliability, and cost-effectiveness, that provide growth opportunities of SiC market. Alongside substrate and epitaxy enhancements, other notable technological trends in SiC devices encompass the shift towards larger wafers which leads towards the increased adoption of SiC devices in power electronics, and the burgeoning demand for SiC MOSFETs in electromobility (EV/HEV) powertrains. Therefore, the ongoing advancements to enhance the quality of SiC substrates and epitaxy will provide further growth opportunities in the SiC market in the future.

Challenge: Defects in materials, designing and packaging processes in SiC devices

Within SiC materials, micro-sized voids, termed micropipes, are present throughout the crystals. During the fabrication of larger wafers, SiC devices are prone to various defects such as dislocations, prototype inclusions, and stacking faults. These flaws stem from an imbalanced ratio of silicon and carbon precursors and localized fluctuations in pressure or temperature. Consequently, these defects impede the efficiency of the device and decrease its electrical properties. Therefore, defects in materials, designing and packaging processes of SiC devices hinder the overall performance efficiency of SiC which thereby might restrain the market growth.

Silicon Carbide Market Ecosystem

The prominent players in the silicon carbide market are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Semiconductor Components Industries, LLC (US), WOLFSPEED, INC. (US), and ROHM Co., Ltd. (Japan). These companies perform organic and inorganic growth strategies to expand themselves globally by providing advanced silicon carbide devices.

Silicon Carbide Market by Ecosystem

SiC module is expected to register highest CAGR in the silicon carbide market during forecast period

SiC power modules utilize silicon carbide as a switch material that offers high efficiency in power conversion with reduced heat energy loss which serves as a crucial component in industrial, automotive, and power & energy sectors. These modules are preferred over silicon-based devices due to the wide bandgap of SiC that enables low switching losses and high frequencies, along with the ability to operate at elevated temperatures and voltages for demanding applications such as automotive, industrial and energy & power. Therefore, SiC module is expected to register the highest CAGR in the silicon carbide market during the forecast period.

Industrial application is expected to have the second largest market size in the silicon carbide market during forecast period

SiC is increasingly recognized in various industrial sectors such as robotics, manufacturing facilities, motor drives, and other fields. In robotics, it serves in applications like robot arms and end effectors, leveraging its high strength and thermal conductivity to endure extreme temperatures and harsh conditions. Similarly, within manufacturing facilities, SiC is utilized in cutting tools and grinding wheels due to its exceptional hardness and wear resistance, ensuring durability amidst abrasive operations. Therefore, the growing adoption of SiC in robotics, manufacturing facilities, motor drives and other industrial fields drives the market growth. Therefore, industrial application is expected to have the second largest market size in the silicon carbide market during the forecast period.

Asia Pacific is expected to register for the largest market size in silicon carbide market during the forecast period

The surging deployment of silicon carbide in Asia Pacific is driven by rising number of electric vehicles and related charging infrastructures in China. Additionally, the growing interest towards renewable energy sources further fuels market growth of silicon carbide in Asia Pacific which further drives the market growth. Therefore, Asia Pacific is expected to register for the largest market size in silicon carbide market during the forecast period.

Silicon Carbide Market by Region

Silicon Carbide Market by Region

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Key Market Players

The major players in the silicon carbide companies include STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Semiconductor Components Industries, LLC (US), WOLFSPEED, INC. (US), and ROHM Co., Ltd. (Japan). These companies have used both organic and inorganic growth strategies such as product launches, agreements, partnerships, collaborations, contracts, acquisitions, and expansions to strengthen their position in the market.

Silicon Carbide Report Scope :

Report Metric	Scope
Market size available for years	2020–2029
Base year considered	2023
Forecast period	2024–2029
Forecast units	Value (USD Million/Billion), Volume (Million Units)
Segments covered	By Device, Wafer Size, End-Use Application, and Region
Geographies covered	North America, Europe, Asia Pacific, and Rest of the World (RoW)
Companies covered	The major players in the silicon carbide market are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Semiconductor Components Industries, LLC (US), WOLFSPEED, INC. (US), ROHM Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan), TOSHIBA CORPORATION (Japan), Microchip Technology Inc. (US), Mitsubishi Electric Corporation (Japan), and Coherent Corp. (US)

Silicon Carbide Market Highlights

The study segments the silicon carbide market based on device, wafer size, end-use application, and region at the regional and global level.

Segment	Subsegment
By Device	SiC Discrete Device SiC MOSFETs SiC Diodes SiC Module
By Wafer Size	Up to 150 mm >150 mm
By End-Use Application	Automotive Energy & Power Industrial Transportation Telecommunication Others (space research and nuclear power)
By Region	North America US Canada Mexico Europe UK Germany France Rest of Europe Asia Pacific China Japan South Korea Rest of Asia Pacific Rest of the World (RoW) Middle East & Africa Gulf Cooperation Council (GCC) Rest of Middle East & Africa South America

Recent Developments

In December 2023, STMicroelectronics N.V. announced an agreement with Li Auto, a China based manufacturer of smart premium electric vehicles. Under this agreement, STMicroelectronics will supply SiC MOSFET devices to support Li Auto’s strategy around high-voltage battery electric vehicles (BEVs) in various market segments.
In January 2024, Infineon Technologies AG. announced the expansion of the wafer supply agreement, worth USD 20 billion, with Wolfspeed, Inc. In this agreement Infineon will supply SiC 150 mm wafer to Wolfspeed to manufacture SiC devices.
In July 2023, Semiconductor Components Industries, LLC and BorgWarner Inc. announced a strategic collaboration, worth ~USD 1 billion, to deliver SiC based innovative and sustainable mobility solutions. Under this collaboration, BorgWarner plans to integrate onsemi EliteSiC 1200 V and 750 V power devices into its VIPER power modules.
In July 2023, WOLFSPEED, INC. announced the wafer supply agreement, worth USD 2 billion, with Renesas Electronics Corporation, a supplier of advanced semiconductor solutions. In this agreement, Renesas will secure a 10-year supply commitment of silicon carbide bare and epitaxial wafers from Wolfspeed. Through this, Wolfspeed will pave the way for Renesas to scale production of silicon carbide power semiconductors starting in 2025.
In December 2022, ROHM Co., Ltd. partnered with Shenzhen BASiC Semiconductor Ltd., a leading company in China’s next-generation power semiconductor industry. This is a strategic partnership agreement on SiC power devices for automotive applications. Under this partnership, both the companies will leverage their respective strengths to innovate and improve the performance of SiC power devices and develop high performing, efficient, and reliable SiC solutions for new energy vehicles.

Frequently Asked Questions (FAQ):

What is the current size of the global silicon carbide market?

The silicon carbide market is estimated to be worth USD 4.20 billion in 2024 and is projected to reach USD 17.2 billion by 2029, at a CAGR of 32.6% during the forecast period. The accelerating demand for power electronics is one of the major drivers of silicon carbide market, globally. Furthermore, the continuous developments to improve the quality of SiC substrate and epitaxy provides growth opportunities in the silicon carbide market.

Who are the winners in the global silicon carbide market?

Companies such as STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Semiconductor Components Industries, LLC (US), WOLFSPEED, INC. (US), and ROHM Co., Ltd. (Japan), fall under the winners category.

Which region is expected to hold the highest market share?

Asia Pacific is expected to dominate the silicon carbide market during forecast period. This is attributed to the presence of leading companies such as ROHM Co., Ltd., Fuji Electric Co., Ltd., Renesas Electronics Corporation, Toshiba Corporation, and TanKeBlue Semiconductor Co. Ltd., headquartered in Asia Pacific, growing demand for electric vehicles, and growing demand for consumer electronics and automobile manufacturing facilities are the major factors driving the market growth in Asia Pacific.

What are the major drivers and opportunities related to the silicon carbide market?

The accelerating demand for power electronics and the continuous developments to improve the quality of SiC substrate and epitaxy are some of the major drivers and opportunities for silicon carbide market.

What are the major strategies adopted by market players?

The key players have adopted product launches, agreements, partnerships, collaborations, contracts, acquisitions, and expansions to strengthen their position for the silicon carbide market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 SILICON CARBIDE MARKET SEGMENTATION

1.3.2 GEOGRAPHIC SCOPE

1.3.3 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 STAKEHOLDERS

1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)

2.1 RESEARCH DATA

FIGURE 2 SILICON CARBIDE MARKET: RESEARCH DESIGN

2.1.1 SECONDARY AND PRIMARY RESEARCH

2.1.2 SECONDARY DATA

2.1.2.1 Key secondary sources

2.1.2.2 Key data from secondary sources

2.1.3 PRIMARY DATA

2.1.3.1 Major primary interview participants

2.1.3.2 Breakdown of primaries

FIGURE 3 BREAKDOWN OF PRIMARIES

2.1.3.3 Key data from primary sources

2.1.3.4 Key industry insights

2.2 FACTOR ANALYSIS

2.2.1 SUPPLY-SIDE ANALYSIS

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN SILICON CARBIDE MARKET

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (TOP-DOWN, SUPPLY-SIDE) – ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN SILICON CARBIDE MARKET

2.3 MARKET SIZE ESTIMATION

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS

2.3.1 BOTTOM-UP APPROACH

2.3.1.1 Approach to obtain market share using bottom-up analysis (demand side)

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.3.2 TOP-DOWN APPROACH

2.3.2.1 Approach to obtain market share using top-down analysis (supply side)

FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3.3 GROWTH PROJECTION AND FORECAST-RELATED ASSUMPTIONS

TABLE 1 MARKET GROWTH ASSUMPTIONS

2.4 MARKET BREAKDOWN AND DATA TRIANGULATION

FIGURE 9 SILICON CARBIDE MARKET: DATA TRIANGULATION

2.5 RESEARCH ASSUMPTIONS

TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT

2.5.1 RECESSION IMPACT ANALYSIS

TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SILICON CARBIDE MARKET

2.6 STUDY LIMITATIONS

2.7 RISK ASSESSMENT

TABLE 4 RISK ASSESSMENT: SILICON CARBIDE MARKET

3 EXECUTIVE SUMMARY (Page No. - 47)

FIGURE 10 AUTOMOTIVE SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD

FIGURE 11 >150 MM WAFERS TO WITNESS HIGHER CAGR IN SILICON CARBIDE MARKET DURING FORECAST PERIOD

FIGURE 12 ASIA PACIFIC TO LEAD SILICON CARBIDE MARKET, IN TERMS OF VALUE, FROM 2023 TO 2028

3.1 IMPACT OF RECESSION ON SILICON CARBIDE MARKET

FIGURE 13 PRE- AND POST-RECESSION IMPACT ON SILICON CARBIDE MARKET, 2019–2028

4 PREMIUM INSIGHTS (Page No. - 51)

4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON CARBIDE MARKET

FIGURE 14 EVOLVING RENEWABLE ENERGY APPLICATIONS OF SIC TO DRIVE SILICON CARBIDE MARKET GROWTH

4.2 SILICON CARBIDE MARKET, BY DEVICE

FIGURE 15 SIC MODULE SEGMENT TO RECORD HIGHER CAGR IN SILICON CARBIDE MARKET DURING FORECAST PERIOD

4.3 SILICON CARBIDE MARKET FOR AUTOMOTIVE APPLICATIONS, BY REGION

FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SILICON CARBIDE MARKET FOR AUTOMOTIVE APPLICATIONS THROUGHOUT FORECAST PERIOD

4.4 SILICON CARBIDE MARKET, BY REGION

FIGURE 17 ASIA PACIFIC TO HOLD LARGEST SHARE OF SILICON CARBIDE MARKET, IN TERMS OF VALUE, IN 2028

4.5 SILICON CARBIDE MARKET, BY COUNTRY

FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN GLOBAL SILICON CARBIDE MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 19 SILICON CARBIDE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2.1 DRIVERS

5.2.1.1 Benefits of silicon carbide over silicon

FIGURE 20 COMPARISON OF QUALITY PARAMETERS FOR SIC AND SI MATERIALS

5.2.1.2 Increasing use of SiC devices in power electronics

5.2.1.3 Better mechanical, electrical, and thermal properties of SiC than regular silicon

TABLE 5 SILICON CARBIDE (SIC) VS. SILICON (SI), BY CHARACTERISTIC AND MEASUREMENT

5.2.1.4 Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production

FIGURE 21 NUMBER OF EV CHARGING STATIONS IN INDIA BY 2030

FIGURE 22 DRIVERS AND THEIR IMPACT ON SILICON CARBIDE MARKET

5.2.2 RESTRAINTS

5.2.2.1 Availability of substitute materials such as gallium nitride

TABLE 6 MATERIAL PROPERTY COMPARISON: SILICON CARBIDE (SIC) VS. SILICON (SI) VS. GALLIUM NITRIDE (GAN)

5.2.2.2 High cost of raw materials and fabrication

FIGURE 23 RESTRAINTS AND THEIR IMPACT ON SILICON CARBIDE MARKET

5.2.3 OPPORTUNITIES

5.2.3.1 Evolving renewable energy applications of SiC

5.2.3.2 Increasing use of SiC in electric vehicles

5.2.3.3 Growing implementation of SiC devices in automotive and power device applications

FIGURE 24 OPPORTUNITIES AND THEIR IMPACT ON SILICON CARBIDE MARKET

5.2.4 CHALLENGES

5.2.4.1 Material defects and designing and packaging issues in SiC power devices

FIGURE 25 CHALLENGES AND THEIR IMPACT ON SILICON CARBIDE MARKET

5.3 VALUE CHAIN ANALYSIS

FIGURE 26 VALUE CHAIN OF SILICON CARBIDE MARKET

TABLE 7 SILICON CARBIDE MARKET: ECOSYSTEM

5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SILICON CARBIDE MARKET

FIGURE 27 REVENUE SHIFT IN SILICON CARBIDE MARKET

5.5 SILICON CARBIDE MARKET ECOSYSTEM

FIGURE 28 SILICON CARBIDE ECOSYSTEM

5.6 AVERAGE SELLING PRICE ANALYSIS

5.6.1 AVERAGE SELLING PRICE OF SILICON CARBIDE WAFERS

FIGURE 29 AVERAGE SELLING PRICE OF SILICON CARBIDE WAFERS

TABLE 8 AVERAGE SELLING PRICE OF SIC WAFERS, BY SIZE (USD)

5.6.2 AVERAGE SELLING PRICE TREND

TABLE 9 AVERAGE PRICE: SILICON CARBIDE, BY DEVICE (USD)

FIGURE 30 AVERAGE SELLING PRICE: SILICON CARBIDE, BY DEVICE (USD)

5.7 KEY STAKEHOLDERS AND BUYING CRITERIA

5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS

TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%)

5.7.2 BUYING CRITERIA

FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS

TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS

5.8 PORTER’S FIVE FORCES ANALYSIS

TABLE 12 SILICON CARBIDE MARKET: PORTER’S FIVE FORCES ANALYSIS

FIGURE 33 PORTER’S FIVE FORCES ANALYSIS

5.8.1 THREAT OF NEW ENTRANTS

5.8.2 THREAT OF SUBSTITUTES

5.8.3 BARGAINING POWER OF SUPPLIERS

5.8.4 BARGAINING POWER OF BUYERS

5.8.5 INTENSITY OF COMPETITIVE RIVALRY

5.9 CASE STUDIES

5.9.1 SEMIPOWEREX INCREASES SWITCHING FREQUENCY AND REDUCES COST BY USING QORVO’S SIC DEVICES

5.9.2 SIGNET EV ACHIEVES HIGHER EFFICIENCY AND IMPROVES NOISE IMMUNITY AND DURABILITY BY DEPLOYING QORVO’S EASY-TO-USE SIC DIODES IN ITS FAST-CHARGING STATION

5.10 TRADE ANALYSIS

5.10.1 IMPORT SCENARIO

TABLE 13 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)

5.10.2 EXPORT SCENARIO

TABLE 14 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)

5.11 PATENT ANALYSIS, 2012–2022

FIGURE 34 NUMBER OF PATENTS GRANTED FOR SILICON CARBIDE, 2012–2022

FIGURE 35 REGIONAL ANALYSIS OF PATENTS GRANTED FOR SILICON CARBIDE DEVICES, 2022

TABLE 15 KEY PATENTS PERTAINING TO SILICON CARBIDE MARKET, 2021–2023

5.12 KEY CONFERENCES AND EVENTS, 2023–2024

TABLE 16 SILICON CARBIDE MARKET: MAJOR CONFERENCES AND EVENTS

5.13 STANDARDS AND REGULATORY LANDSCAPE

5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.13.2 STANDARDS

5.14 TARIFF ANALYSIS

TABLE 20 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY CHINA (2021)

TABLE 21 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY US (2021)

6 APPLICATIONS OF SILICON CARBIDE (Page No. - 84)

6.1 INTRODUCTION

6.2 RF DEVICES AND CELLULAR BASE STATIONS

6.2.1 GROWING CONNECTIVITY AND CELLULAR TECHNOLOGY TO PROPEL MARKET

6.3 POWER GRID DEVICES

6.3.1 DEPLOYMENT OF SIC DEVICES IN POWER GRIDS FOR EFFICIENT POWER DISTRIBUTION TO FUEL GROWTH

6.4 FLEXIBLE AC TRANSMISSION SYSTEMS

6.4.1 IMPLEMENTATION OF SIC IN FLEXIBLE AC TRANSMISSION SYSTEMS TO REDUCE POWER LOSS TO FUEL MARKET

6.5 HIGH-VOLTAGE DIRECT CURRENT (HVDC) SYSTEMS

6.5.1 RISING USE OF HVDC SYSTEMS TO ACHIEVE LOW LOSSES TO INCREASE DEMAND FOR SIC DEVICES

6.6 POWER SUPPLIES AND INVERTERS

6.6.1 INTEGRATION OF SIC DEVICES INTO POWER SUPPLIES FOR IMPROVED POWER EFFICIENCY TO STIMULATE MARKET GROWTH

6.7 LIGHTING CONTROLS

6.7.1 IMPLEMENTATION OF SIC TECHNOLOGY TO FABRICATE DURABLE LEDS TO ACCELERATE MARKET GROWTH

6.8 INDUSTRIAL MOTOR DRIVE

6.8.1 INCREASING USE OF SIC MODULES IN INDUSTRIAL MOTORS TO FUEL MARKET GROWTH

6.9 FLAME DETECTORS

6.9.1 SURGING DEMAND FOR FLAME DETECTORS FOR HUMAN SAFETY TO FUEL MARKET GROWTH

6.10 EV MOTOR DRIVES

6.10.1 DEPLOYMENT OF SIC-BASED DEVICES IN EV MOTOR DRIVES TO BOOST MARKET

6.11 EV CHARGING SYSTEMS

6.11.1 GROWING PRODUCTION OF ELECTRIC VEHICLES TO FUEL SIC MARKET GROWTH

6.12 ELECTRONIC COMBAT SYSTEMS

6.12.1 CAPABILITY TO OPERATE AT HIGH TEMPERATURES WITH HIGH SWITCHING FREQUENCY PROPELS DEMAND FOR SILICON CARBIDE

6.13 WIND TURBINES

6.13.1 UTILIZATION OF SIC DEVICES IN WIND TURBINES TO REDUCE ENERGY LOSS AND COST TO FUEL MARKET

6.14 SOLAR POWER SYSTEMS

6.14.1 RISING DEMAND FOR SIC DEVICES IN SOLAR POWER SYSTEMS TO FUEL MARKET GROWTH

6.15 OTHERS

7 SILICON CARBIDE MARKET, BY WAFER SIZE (Page No. - 90)

7.1 INTRODUCTION

FIGURE 36 UP TO 150 MM SEGMENT TO WITNESS LARGER SHARE OF SILICON CARBIDE MARKET DURING FORECAST PERIOD

TABLE 22 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019–2022 (USD MILLION)

TABLE 23 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023–2028 (USD MILLION)

TABLE 24 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019–2022 (THOUSAND UNITS)

TABLE 25 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023–2028 (THOUSAND UNITS)

7.2 UP TO 150 MM

7.2.1 HIGH RESISTANCE TO THERMAL SHOCKS TO BOOST NEED FOR 150 MM SIC WAFERS

TABLE 26 CHARACTERISTICS OF SIC WAFERS, BY DIAMETER

7.3 >150 MM

7.3.1 GROWING NEED FOR COMPACT AND MORE EFFICIENT SIC DEVICES TO ACCELERATE USE OF >150 MM WAFERS

8 SILICON CARBIDE MARKET, BY DEVICE (Page No. - 94)

8.1 INTRODUCTION

FIGURE 37 SIC MODULE SEGMENT TO LEAD SILICON CARBIDE MARKET THROUGHOUT FORECAST PERIOD

TABLE 27 SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 28 SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

8.2 SIC DISCRETE DEVICE

8.2.1 SIC DIODE

8.2.1.1 Increasing adoption of SiC diodes in commercial products to fuel segmental growth

8.2.2 SIC MOSFET

8.2.2.1 Rising need for SiC MOSFETs in automotive sector to boost segmental growth

TABLE 29 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2019–2022 (USD MILLION)

TABLE 30 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2023–2028 (USD MILLION)

FIGURE 38 ASIA PACIFIC TO DOMINATE SIC DISCRETE DEVICE MARKET DURING FORECAST PERIOD

TABLE 31 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 32 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

FIGURE 39 CHINA TO COMMAND SIC DISCRETE DEVICE MARKET DURING FORECAST PERIOD

TABLE 33 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 34 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 35 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 36 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 37 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 38 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 39 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2019–2022 (USD MILLION)

TABLE 40 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2023–2028 (USD MILLION)

8.3 SIC MODULE

8.3.1 INTEGRATION OF SIC POWER DEVICES INTO INDUSTRIAL POWER EQUIPMENT TO DRIVE MARKET

FIGURE 40 CHINA TO CAPTURE LARGEST SHARE OF SILICON CARBIDE MARKET FOR SIC MODULES IN 2028

TABLE 41 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 42 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 43 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 44 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 45 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 46 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 47 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2019–2022 (USD MILLION)

TABLE 48 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2023–2028 (USD MILLION)

9 SILICON CARBIDE MARKET, BY END-USE APPLICATION (Page No. - 106)

9.1 INTRODUCTION

FIGURE 41 AUTOMOTIVE SEGMENT TO DOMINATE SILICON CARBIDE MARKET DURING FORECAST PERIOD

TABLE 49 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)

TABLE 50 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)

9.2 AUTOMOTIVE

9.2.1 RAPID ADOPTION OF ELECTRIC VEHICLES TO PROPEL MARKET

TABLE 51 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 52 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

9.3 ENERGY & POWER

9.3.1 RENEWABLE POWER GENERATION

9.3.1.1 Increasing use of SiC in wind turbines, solar inverters, and EV chargers to boost market

TABLE 53 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 54 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

9.4 INDUSTRIAL

9.4.1 HIGH STRENGTH, WEAR RESISTANCE, AND THERMAL CONDUCTIVITY FEATURES TO INCREASE SIC DEMAND IN INDUSTRIAL APPLICATIONS

TABLE 55 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 56 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

9.5 TRANSPORTATION

9.5.1 CHARGING STATIONS

9.5.1.1 Rising adoption of SiC devices in charging stations due to their resistance to thermal and electrical stress

9.5.2 RAIL

9.5.2.1 Growing implementation of SiC for increased safety and efficiency and reduced maintenance requirements

TABLE 57 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 58 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

9.6 TELECOMMUNICATIONS

9.6.1 RADAR SYSTEMS, RF ELECTRONICS, AND WIRELESS DATA TECHNOLOGY TO BE POTENTIAL APPLICATIONS OF SIC IN TELECOMMUNICATIONS

TABLE 59 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 60 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

9.7 OTHERS

TABLE 61 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 62 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

10 SILICON CARBIDE MARKET, BY REGION (Page No. - 119)

10.1 INTRODUCTION

FIGURE 42 ASIA PACIFIC PROJECTED TO HOLD LARGEST MARKET SHARE IN 2028

TABLE 63 SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 64 SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)

10.2 NORTH AMERICA

FIGURE 43 NORTH AMERICA: SILICON CARBIDE MARKET SNAPSHOT

TABLE 65 NORTH AMERICA: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 67 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)

TABLE 68 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)

FIGURE 44 AUTOMOTIVE SEGMENT TO DOMINATE SILICON CARBIDE MARKET IN NORTH AMERICA IN 2028

TABLE 69 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 70 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.2.1 US

10.2.1.1 Prominent presence of various silicon carbide manufacturers to foster growth

TABLE 71 US: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 72 US: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.2.2 CANADA

10.2.2.1 Government initiatives promoting use of EVs to increase demand for SiC devices

TABLE 73 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 74 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.2.3 MEXICO

10.2.3.1 Growing distribution network of SiC device manufacturers to expedite market growth

TABLE 75 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 76 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.2.4 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN NORTH AMERICA

10.3 EUROPE

FIGURE 45 EUROPE: SILICON CARBIDE MARKET SNAPSHOT

TABLE 77 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 78 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 79 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)

TABLE 80 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)

FIGURE 46 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SILICON CARBIDE MARKET IN EUROPE IN 2028

TABLE 81 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 82 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.3.1 UK

10.3.1.1 Presence of top automotive companies to provide opportunities for SiC device manufacturers

TABLE 83 UK: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 84 UK: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.3.2 GERMANY

10.3.2.1 Germany to dominate European silicon carbide market during forecast period

TABLE 85 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 86 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.3.3 FRANCE

10.3.3.1 Adoption of renewable energy to drive market

TABLE 87 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 88 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.3.4 REST OF EUROPE

TABLE 89 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 90 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.3.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN EUROPE

10.4 ASIA PACIFIC

FIGURE 47 ASIA PACIFIC: SILICON CARBIDE MARKET SNAPSHOT

TABLE 91 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 92 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 93 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)

TABLE 94 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)

FIGURE 48 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF SILICON CARBIDE MARKET IN ASIA PACIFIC IN 2028

TABLE 95 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 96 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.4.1 CHINA

10.4.1.1 Mass production of electric vehicles to foster demand for SiC devices

FIGURE 49 EV SALES IN CHINA, 2021–2025

TABLE 97 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 98 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.4.2 JAPAN

10.4.2.1 Increasing R&D on SiC devices to propel market

TABLE 99 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 100 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.4.3 SOUTH KOREA

10.4.3.1 Large-scale consumer electronics and automobile manufacturing to spur demand for SiC devices

TABLE 101 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 102 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.4.4 REST OF ASIA PACIFIC

TABLE 103 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 104 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.4.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN ASIA PACIFIC

10.5 REST OF THE WORLD

TABLE 105 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 106 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

TABLE 107 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)

TABLE 108 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)

FIGURE 50 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST SHARE OF SILICON CARBIDE MARKET IN REST OF THE WORLD IN 2028

10.5.1 MIDDLE EAST & AFRICA

10.5.1.1 Increasing renewable energy production to induce market growth

TABLE 109 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 110 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.5.2 SOUTH AMERICA

10.5.2.1 Growing telecom industry to lead to increased demand for SiC devices

TABLE 111 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)

TABLE 112 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)

10.5.3 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN REST OF THE WORLD

11 COMPETITIVE LANDSCAPE (Page No. - 150)

11.1 OVERVIEW

11.2 MARKET EVALUATION FRAMEWORK

TABLE 113 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SILICON CARBIDE DEVICE PROVIDERS

11.2.1 PRODUCT PORTFOLIO

11.2.2 REGIONAL FOCUS

11.2.3 MANUFACTURING FOOTPRINT

11.2.4 ORGANIC/INORGANIC STRATEGIES

11.3 MARKET SHARE ANALYSIS, 2022

TABLE 114 SILICON CARBIDE MARKET: MARKET SHARE ANALYSIS (2022)

11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS

FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN SILICON CARBIDE MARKET, 2018 TO 2022

11.5 COMPANY EVALUATION QUADRANT

11.5.1 STARS

11.5.2 EMERGING LEADERS

11.5.3 PERVASIVE PLAYERS

11.5.4 PARTICIPANTS

FIGURE 52 SILICON CARBIDE MARKET: COMPANY EVALUATION QUADRANT, 2022

11.6 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT

TABLE 115 SILICON CARBIDE MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 116 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN SILICON CARBIDE MARKET

TABLE 117 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (END-USE APPLICATION FOOTPRINT)

TABLE 118 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (DEVICE FOOTPRINT)

TABLE 119 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (REGION FOOTPRINT)

11.6.1 PROGRESSIVE COMPANIES

11.6.2 RESPONSIVE COMPANIES

11.6.3 DYNAMIC COMPANIES

11.6.4 STARTING BLOCKS

FIGURE 53 STARTUPS/SMES EVALUATION QUADRANT

11.7 COMPANY FOOTPRINT

TABLE 120 COMPANY FOOTPRINT

TABLE 121 COMPANY-WISE END-USE APPLICATION FOOTPRINT

TABLE 122 COMPANY-WISE VERTICAL FOOTPRINT

TABLE 123 COMPANY-WISE REGION FOOTPRINT

11.8 COMPETITIVE SCENARIOS AND TRENDS

11.8.1 PRODUCT LAUNCHES

TABLE 124 PRODUCT LAUNCHES, JANUARY 2020–MARCH 2023

11.8.2 DEALS

TABLE 125 DEALS, JANUARY 2020–MARCH 2023

11.8.3 OTHERS

TABLE 126 OTHERS, JANUARY 2020–MARCH 2023

12 COMPANY PROFILES (Page No. - 177)

12.1 KEY PLAYERS

(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*

12.1.1 WOLFSPEED, INC.

TABLE 127 WOLFSPEED, INC.: COMPANY SNAPSHOT

FIGURE 54 WOLFSPEED, INC.: COMPANY SNAPSHOT (2022)

TABLE 128 WOLFSPEED, INC.: PRODUCTS OFFERED

TABLE 129 WOLFSPEED, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 130 WOLFSPEED, INC.: DEALS

12.1.2 STMICROELECTRONICS N.V.

TABLE 131 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT

FIGURE 55 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT

TABLE 132 STMICROELECTRONICS N.V.: PRODUCTS OFFERED

TABLE 133 STMICROELECTRONICS N.V.: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 134 STMICROELECTRONICS N.V.: DEALS

12.1.3 ON SEMICONDUCTOR CORPORATION

TABLE 135 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT

FIGURE 56 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT

TABLE 136 ON SEMICONDUCTOR CORPORATION: PRODUCTS OFFERED

TABLE 137 ON SEMICONDUCTOR CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 138 ON SEMICONDUCTOR CORPORATION: DEALS

12.1.4 INFINEON TECHNOLOGIES AG

TABLE 139 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT

FIGURE 57 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT

TABLE 140 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED

TABLE 141 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 142 INFINEON TECHNOLOGIES AG: DEALS

12.1.5 ROHM CO., LTD

TABLE 143 ROHM CO., LTD.: COMPANY SNAPSHOT

FIGURE 58 ROHM CO., LTD.: COMPANY SNAPSHOT

TABLE 144 ROHM CO., LTD.: PRODUCTS OFFERED

TABLE 145 ROHM CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 146 ROHM CO., LTD.: DEALS

12.1.6 FUJI ELECTRIC CO., LTD.

TABLE 147 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT

FIGURE 59 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT

TABLE 148 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED

TABLE 149 FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 150 FUJI ELECTRIC CO., LTD.: DEALS

12.1.7 TOSHIBA CORPORATION

TABLE 151 TOSHIBA CORPORATION: COMPANY SNAPSHOT

FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT

TABLE 152 TOSHIBA CORPORATION: PRODUCTS OFFERED

TABLE 153 TOSHIBA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS

12.1.8 MICROCHIP TECHNOLOGY INC.

TABLE 154 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT

FIGURE 61 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT

TABLE 155 MICROCHIP TECHNOLOGY INC.: PRODUCTS OFFERED

TABLE 156 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES AND DEVELOPMENTS

TABLE 157 MICROCHIP TECHNOLOGY INC.: DEALS

12.1.9 MITSUBISHI ELECTRIC CORPORATION

TABLE 158 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT

FIGURE 62 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT

TABLE 159 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED

TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS

12.2 OTHER PLAYERS

12.2.1 HITACHI LTD.

TABLE 161 HITACHI LTD

12.2.2 COHERENT CORP. (II-VI INCORPORATED)

TABLE 162 COHERENT CORP.

12.2.3 SEMIKRON DANFOSS

TABLE 163 SEMIKRON DANFOSS

12.2.4 QORVO, INC.

TABLE 164 QORVO, INC.: COMPANY SNAPSHOT

12.2.5 GENESIC SEMICONDUCTOR INC.

TABLE 165 GENESIC SEMICONDUCTOR INC.

12.2.6 TT ELECTRONICS

TABLE 166 TT ELECTRONICS

12.2.7 VISHAY INTERTECHNOLOGY, INC.

TABLE 167 VISHAY INTERTECHNOLOGY, INC.

12.2.8 WEEN SEMICONDUCTORS

TABLE 168 WEEN SEMICONDUCTORS

12.2.9 SOLITRON DEVICES, INC.

TABLE 169 SOLITRON DEVICES, INC.

*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.

12.3 CHINA-SPECIFIC KEY PLAYERS

12.3.1 SANAN INTEGRATED CIRCUIT CO., LTD.

TABLE 170 SANAN INTEGRATED CIRCUIT CO., LTD.

12.3.2 SHANGHAI HANXIN TECHNOLOGY

TABLE 171 SHANGHAI HANXIN TECHNOLOGY

12.3.3 CENTURY JINGUANG

TABLE 172 CENTURY JINGUANG

12.3.4 GLOBAL POWER TECHNOLOGY CO., LTD. (TYCO TIANRUN SEMICONDUCTOR TECHNOLOGY CO., LTD.)

TABLE 173 GLOBAL POWER TECHNOLOGY CO., LTD.

12.3.5 BYD SEMICONDUCTOR CO., LTD

TABLE 174 BYD SEMICONDUCTOR CO., LTD

12.3.6 INVENTCHIP TECHNOLOGY CO., LTD

TABLE 175 INVENTCHIP TECHNOLOGY CO., LTD

12.3.7 CRRC CORPORATION LIMITED

TABLE 176 CRRC CORPORATION LIMITED

13 APPENDIX (Page No. - 231)

13.1 DISCUSSION GUIDE

13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

13.3 CUSTOMIZATION OPTIONS

13.4 RELATED REPORTS

13.5 AUTHOR DETAILS

The research study involved 4 major activities in estimating the size of the silicon carbide market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook and developments from both market and technology perspectives.

Primary Research

In primary research, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users and related executives from multiple key companies and organizations operating in the silicon carbide market ecosystem.

Silicon Carbide Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches have been used to estimate and validate the size of the silicon carbide market. The key players in the market have been identified through secondary research, and their market shares in respective regions have been determined through primary and secondary research. This entire research methodology includes the study of key insights by top players, as well as interviews with experts (such as CXOs, vice presidents, directors, and marketing executives) for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that affect markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from the MarketsandMarkets data repository and presented in this report.

In the market engineering process, both top-down and bottom-up approaches have been used along with data triangulation methods to estimate and validate the size of the silicon carbide market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

Market Size Estimation Methodology-Bottom-up Aapproach

Silicon Carbide Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-Down Approach

Silicon Carbide Market Size, and Top-down Approach

Data Triangulation

After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall silicon carbide market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.

Market Definition

Silicon carbide (SiC) is known for their high thermal conductivity, electric field breakdown strength, and ability to handle high currents, which significantly outperforms traditional silicon-based devices in high-temperature, high-power, and high-frequency applications. They play an important role in revolutionizing various industries by catering automotive, energy & power, industrial, transportation, telecommunication and others which includes space research and nuclear power applications. They are extensively used in electric vehicles (EVs) and hybrid systems, power supplies, motor drives, uninterruptible power supply (UPS) and are used to carry out harsh environment operations, by offering higher efficiency, reliability, and thermal management. SiC technology enables high efficiency, and durability. Additionally, it also helps in delivering compact systems in sectors ranging from renewable energy to aerospace.

Stakeholders

The main objectives of this study are as follows:

Customizations Options:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographic Information

- Identifying stakeholders in the silicon carbide market that influence the entire market, along with participants across the value chain.
- Analyzing major manufacturers of silicon carbide and studying their product portfolios
- Analyzing trends related to the adoption of silicon carbide
- Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, agreements, partnerships, collaborations, contracts, acquisitions, and expansions, as well as forecasting the market size based on these developments and other critical parameters
- Carrying out multiple discussions with key opinion leaders to identify the adoption trends of silicon carbide
- Segmenting the overall market into various other market segments
- Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
- Raw Material Suppliers
- Original Equipment Manufacturers (OEMs)
- Original design manufacturers (ODM)
- Component Suppliers
- SiC semiconductor device manufacturers
- Device Integrators
- Distributors and Resellers
- Research Institutes and Organizations
- Semiconductor Manufacturing Equipment Forums, Alliances, Consortiums, and Associations
- Governments, Financial Institutions, and Regulatory Bodies
- To define, analyze and forecast the silicon carbide market size, by device, wafer size, end-use application, and region, in terms of value.
- To define, analyze and forecast the silicon carbide market size, in terms of volume.
- To forecast the market size for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific and Rest of the World (RoW)
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the silicon carbide market
- To study the complete supply chain and related industry segments for the silicon carbide market
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the supply chain, market ecosystem; trends/disruptions impacting customer’s business; technology analysis; pricing analysis; Porter’s five forces model; key stakeholders & buying criteria; case study analysis; trade analysis; patent analysis; key conferences & events, 2024–2025; regulations related to the silicon carbide market; and investment and funding scenario.
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market.
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking, core competencies2, company valuation and financial metrics and product/brand comparison; along with detailing the competitive landscape for the market leaders.
- To analyze competitive developments such as product launches, agreements, partnerships, collaborations, contracts, acquisitions, expansions and research and development (R&D) activities carried out by players in the silicon carbide market.
- Detailed analysis and profiling of additional market players (up to 5)
- Detailed analysis of additional countries (up to 5)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.