SiC-on-Insulator (SiCOI) Film Market Size, Share & Trends by Substrate Material (Si, Polycrystalline SiC, Others), Wafer Size (100 mm, 150 mm, 200 mm), Technology Route (Smart Cut Technology, Grinding/ Polishing / Bonding Technology) and Region - Global Forecast to 2029
Updated on :October 23, 2024
SiC-on-Insulator (SiCOI) Film Market Size & Share
[179 Pages Report] The global SiC-on-insulator (SiCOI) film market size is projected to reach USD 1,134 million by 2029 from USD 37 million in 2024, growing at a CAGR of 98.1% during the forecast period from 2024 to 2029. Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are some of the major factors driving the SiC-on-insulator (SiCOI) film market growth globally.
SiC-on-Insulator (SiCOI) Film Market & Statistics Forecast to 2029
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SiC-on-insulator (SiCOI) Film Market Trends
Driver: Increasing demand for high-power electronics due to growing adoption of EVs
The demand for high-power electronics is steadily increasing across various industries, driven by factors such as the surged demand for electric vehicles, the expansion of renewable energy infrastructure, and the adoption of automation technologies in industrial processes. For instance, the automotive industry is witnessing a rapid transition towards electric vehicles (EVs), fueled by concerns over environmental sustainability and government regulations aimed at reducing carbon emissions. This shift toward EVs requires advanced power electronics systems capable of efficiently managing high voltages and currents, thus creating a demand for semiconductor materials like SiCOI film.
Restraint: Complexities and high costs associated with fabrication process
The complexities and costs associated with the fabrication process of SiCOI film are significant restraints faced by manufacturers in the semiconductor industry. Fabricating high-quality SiCOI film involves intricate manufacturing techniques such as ion-cutting and layer transferring, which demand precise control over material properties and thickness. Producing high-quality SiCOI film involves intricate manufacturing techniques such as ion-cutting and layer transferring, which require specialized equipment and expertise. Further, the lack of standardized processes and equipment for SiCOI film fabrication complicates its development and increases production costs. Moreover, these processes often require specialized equipment and expertise, leading to higher production costs and longer lead times.
Opportunity: Advancements in power electronics
SiCOI film offers a compelling solution for advancing power electronics, boasting properties such as high electrical conductivity and thermal stability. These attributes address critical challenges current power electronics face, including limitations in power handling and operating frequencies. SiCOI film's potential lies in enabling the development of higher-power devices capable of meeting the demands of applications like renewable energy integration and electric vehicle charging systems. Moreover, its characteristics suggest the possibility of achieving high-frequency operation, leading to more compact and efficient power electronic systems.
Challenge: Lack of advancements in manufacturing processes and quality control measures
Manufacturing SiCOI films with large diameters and consistent quality remains a challenge. While traditional semiconductor materials like silicon have well-established manufacturing processes capable of producing large-diameter wafers with high yields, SiCOI fabrication techniques are still evolving. Furthermore, the lack of process improvements and quality control optimization can increase the manufacturing costs of SiCOI films, making them less price-competitive compared to alternative materials or technologies. This can constrain market penetration and limit the addressable market opportunities for SiCOI technology. Achieving uniformity and reliability across large-scale production runs requires advancements in manufacturing processes and quality control measures.
SiC-on-Insulator (SiCOI) Film Market Ecosystem
Players in the SiC-on-Insulator (SiCOI) Film Market size include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US).
SiC-on-Insulator (SiCOI) Film Market Segmentation
Polycrystalline SiC to account for the largest share of the SiC-on-Insulator (SiCOI) film market during the forecast period.
The growth of the polycrystalline SiC (poly-SiC) market share is being propelled by the increasing demand for efficient and high-performance power electronics, particularly in the rapidly expanding electric vehicle (EV) and renewable energy sectors. The poly-SiC substrate supports the creation of high-performance devices in power electronics and other sectors requiring robust applications, thereby enhancing the performance and efficiency of SiCOI films. Additionally, the adoption of SiC-based electronics in high-temperature and harsh environment applications increases its allure. SiC has also been touted as instrumental in driving the demand for high-quality poly-SiC substrates. Technological advancements, cost reductions, and the development of a robust supply chain and ecosystem are further fueling the growth of this market segment.
200 mm films to register the largest share during the forecast period.
The 200 mm (8-inch) SiCOI film segment is poised for substantial growth as the demand for SiCOI-based devices increases across various applications, particularly in the automotive and renewable energy sectors. SOITEC is a prominent player in the 200 mm SiC-on-Insulator (SiCOI) film industry , enabling high-volume production of SiCOI-based power electronics devices for electric vehicles and renewable energy systems and large-scale manufacturing of SiCOI-based RF and microwave devices for telecommunications and defense applications.
SiC-on-Insulator (SiCOI) Film Market Regional Analysis
Asia Pacific is expected to register the highest growth during the forecast period.
The Asia Pacific region is witnessing significant growth in the SiCOI film market , underpinned by a combination of government investments, the strategic presence of SiC and SiCOI film manufacturers, and a growing emphasis on advanced semiconductor technologies. Countries such as China, Japan, South Korea, and Taiwan are leading this expansion, each contributing through unique strengths and initiatives. Moreover, the Asia Pacific region's robust electronics manufacturing ecosystem, including automotive, consumer electronics, and renewable energy sectors, is driving the demand for SiCOI films. The push towards electric vehicles (EVs) and the integration of 5G telecommunications technology are particularly noteworthy, as they require high-performance semiconductors that SiCOI films can provide
SiC-on-Insulator (SiCOI) Film Market by Region
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Top SiC-on-Insulator (SiCOI) Film Companies - Key Market Players:
Players in the SiC-on-Insulator (SiCOI) Film companies include
- SOITEC (France),
- SICOXS CORPORATION (Japan),
- NGK INSULATORS, LTD. (Japan),
- iSABers Materials (China),
- MTI Corporation (US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.
SiC-on-Insulator (SiCOI) Film Market Scope Report :
Report Metric |
Details |
Estimated Market Size | USD 37 million in 2024 |
Projected Market Size | USD 1,134 million by 2029 |
Growth Rate | CAGR of 98.1% |
SiC-on-Insualtor Market size available for years |
2020–2029 |
Base year considered |
2023 |
Forecast period |
2024–2029 |
Forecast units |
Value (USD Million) |
Segments Covered |
|
Geographies covered |
|
Companies covered |
The players in the SiC-on-Insulator (SiCOI) film market include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US). |
SiC-on-Insulator (SiCOI) Film Market Highlights
The study segments the SiC-on-Insualtor (SiCOI) film market based on substrate material, wafer size, trends, technology route at global levels.
Segment |
Subsegment |
By Substrate Material |
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By Wafer Size |
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SiC-on-Insualtor Market Size, By Technology Route |
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Recent Development in SiC-on-Insulator (SiCOI) film Industry :
- In September 2023, SOITEC expanded its SiC product range with the release of its first 200 mm SmartSiC-engineered substrate. Developed using SOITEC's patented SmartSiC technology, these SiC substrates enhanced the performance of power electronics devices and increased energy efficiency in electric vehicles.
Frequently Asked Questions (FAQs):
What is the current size of the global SiC-on-Insulator (SiCOI) film market?
The SiC-on-insulator (SOI) film market is projected to reach USD 1,143 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% from 2024 to 2029. The growth is driven by increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are the major driving factor for the SiC-on-insulator (SOI) film market growth.
Who are the winners in the global SiC-on-Insulator (SiCOI) film market?
Companies such as SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US).
Which region is expected to hold the largest market share?
Asia Pacific is expected to register the largest market share in the SiC-on-Insulator (SiCOI) film market, underpinned by a combination of government investments, the strategic presence of SiC and SiO2 film manufacturers, and a growing emphasis on advanced semiconductor technologies. Governments across the region are heavily investing in the semiconductor industry to bolster technological advancements and competitiveness on the global stage. Furthermore, the Asia Pacific region's robust electronics manufacturing ecosystem, including automotive, consumer electronics, and renewable energy sectors, is driving the demand for SiCOI films.
What are the major drivers and opportunities related to the SiC-on-Insulator (SiCOI) film market?
Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, advancements in power electronics and the need for high-power substrates in quantum photonics and sensing technologies are major drivers and opportunities driving the market growth.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the SiC-on-Insulator (SiCOI) film market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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- 5.1 INTRODUCTION
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5.2 MARKET DYNAMICSDRIVERS- Increasing demand for high-power electronics due to growing adoption of EVs- Growing focus on reducing greenhouse gas emissions and promoting clean energy sources- Expanding telecommunications and data communication networksRESTRAINTS- Complexities and high costs associated with fabrication process- Limited commercialization of SiCOI technologyOPPORTUNITIES- Advancements in power electronics- Ongoing developments in quantum technologiesCHALLENGES- Lack of advancements in manufacturing processes and quality control measures- Presence of competitive substitute technologies
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
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5.4 PRICING ANALYSISAVERAGE SELLING PRICE TREND, BY WAFER SIZEINDICATIVE PRICING ANALYSIS OF SICOI FILMS, BY REGION
- 5.5 SUPPLY CHAIN ANALYSIS
- 5.6 ECOSYSTEM ANALYSIS
- 5.7 INVESTMENT AND FUNDING SCENARIO
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5.8 TECHNOLOGY ANALYSISKEY TECHNOLOGY- Wafer bondingCOMPLEMENTARY TECHNOLOGY- Silicon-on-InsulatorADJACENT TECHNOLOGY- SiC
- 5.9 PATENT ANALYSIS
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5.10 TRADE ANALYSISEXPORT DATAIMPORT DATA
- 5.11 KEY CONFERENCES AND EVENTS, 2024—2025
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5.12 CASE STUDY ANALYSISSTMICROELECTRONICS INTEGRATES SOITEC’S SMARTSIC TECHNOLOGY TO BOOST ELECTRIFICATION IN INDUSTRIAL AND AUTOMOTIVE SECTORS
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5.13 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPETARIFFSSTANDARDSREGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
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5.14 PORTER’S FIVE FORCES ANALYSISTHREAT OF NEW ENTRANTSTHREAT OF SUBSTITUTESBARGAINING POWER OF SUPPLIERSBARGAINING POWER OF BUYERSINTENSITY OF COMPETITIVE RIVALRY
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5.15 KEY STAKEHOLDERS AND BUYING CRITERIAKEY STAKEHOLDERS IN BUYING PROCESSBUYING CRITERIA
- 6.1 INTRODUCTION
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6.2 SI (SILICON)WIDESPREAD AVAILABILITY AND COST EFFICIENCY TO BOOST DEMAND
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6.3 POLYCRYSTALLINE SICGROWING DEMAND FOR HIGH-PERFORMING AND EFFICIENT POWER ELECTRONICS IN EVS TO FUEL MARKET GROWTH
- 6.4 OTHERS
- 7.1 INTRODUCTION
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7.2 100 MMGROWING DEMAND FOR COST-EFFECTIVE SOLUTIONS FOR DEVELOPING NEW TECHNOLOGIES IN SIC DOMAIN TO FUEL MARKET GROWTH
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7.3 150 MMINCREASING ADOPTION OF SIC IN POWER ELECTRONICS TO DRIVE MARKET
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7.4 200 MMGROWING DEMAND FOR SICOI-BASED DEVICES IN AUTOMOTIVE AND RENEWABLE ENERGY SECTORS TO DRIVE MARKET
- 8.1 INTRODUCTION
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8.2 SMART CUT TECHNOLOGYASSURANCE OF MINIMAL ENERGY CONSUMPTION WITH ENHANCED DEVICE PERFORMANCES TO FUEL MARKET GROWTH
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8.3 GRINDING/POLISHING/BONDING TECHNOLOGYBETTER POWER HANDLING AND THERMAL PERFORMANCE OF FILMS TO FOSTER SEGMENTAL GROWTH
- 9.1 INTRODUCTION
- 9.2 TWO-LAYER
- 9.3 THREE-LAYER
- 9.4 FOUR-LAYER
- 9.5 MULTI-LAYER
- 10.1 INTRODUCTION
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10.2 NORTH AMERICARECESSION IMPACT ON SIC-ON-INSULATOR (SICOI) FILM MARKET IN NORTH AMERICAUS- Increasing number of renewable energy projects to fuel market growthCANADA- Growing focus on clean technologies to accelerate demandMEXICO- Expanding automotive industry and growing focus on manufacturing EVs to fuel market growth
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10.3 EUROPERECESSION IMPACT ON SIC-ON-INSULATOR (SICOI) FILM MARKET IN EUROPEGERMANY- Thriving automotive and renewable energy sectors to propel marketUK- Growing adoption of SiC-based power devices in EVs to drive marketFRANCE- Presence of established players in region to fuel market growthREST OF EUROPE
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10.4 ASIA PACIFICRECESSION IMPACT ON SIC-ON-INSULATOR (SICOI) FILM MARKET IN ASIA PACIFICCHINA- Government-led investments to develop SiC and SiCOI films to accelerate demandJAPAN- Increasing investments and partnerships to boost SiC manufacturing to fuel market growthTAIWAN- Growing investments in advanced chip packaging plants to fuel market growthREST OF ASIA PACIFIC
- 11.1 OVERVIEW
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023
- 11.3 REVENUE ANALYSIS, 2021–2023
- 11.4 MARKET SHARE ANALYSIS, 2023
- 11.5 COMPANY VALUATION AND FINANCIAL METRICS
- 11.6 BRAND/PRODUCT COMPARISON
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11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023STARSEMERGING LEADERSPERVASIVE PLAYERSPARTICIPANTSCOMPANY FOOTPRINT: KEY PLAYERS- Overall company footprint- Company footprint- Substrate material footprint- Wafer size footprint- Technology route footprint- Region footprint
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11.8 COMPETITIVE SCENARIOS AND TRENDSPRODUCT LAUNCHESDEALSEXPANSIONS
- 12.1 INTRODUCTION
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12.2 KEY PLAYERS (SIC-ON-INSULATOR (SICOI) FILM MANUFACTURERS)SOITEC- Business overview- Products/Solutions offered- Recent developments- MnM ViewSICOXS CORPORATION- Business overview- Products/Solutions offered- Recent developments- MnM viewBEIJING QINGHE JINGYUAN SEMICONDUCTOR TECHNOLOGY CO., LTD. (ISABERS MATERIALS)- Business overview- Products/Solutions offered- Recent developments- MnM viewMTI CORPORATION- Business overview- Products/Solutions offered- MnM ViewNGK INSULATORS, LTD.- Business overview- Products/Solutions offered- MnM view
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12.3 OTHER PLAYERS (SIC FILM/SUBSTRATE MANUFACTURERS)WOLFSPEED, INC.- Business overview- Products/Solutions offered- Recent developmentsSICC CO., LTD.- Business overview- Products/Solutions offered- Recent developmentsCOHERENT CORP.- Business overview- Products/Solutions offered- Recent developmentsXIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.- Business overview- Products/Solutions offered- Recent developmentsPRECISION MICRO-OPTICS INC.- Business overview- Products/Solutions offeredRESONAC HOLDINGS CORPORATION- Business overview- Products/Solutions offered- Recent developmentsSUMITOMO ELECTRIC INDUSTRIES, LTD.- Business overview- Products/Solutions offered- Recent developmentsSK SILTRON CO., LTD.- Business overview- Products/Solutions offeredTYSIC- Business overview- Products/Solutions offeredSICRYSTAL GMBH- Business overview- Products/Solutions offered- Recent developments
- 13.1 INSIGHTS FROM INDUSTRY EXPERTS
- 13.2 DISCUSSION GUIDE
- 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- 13.4 CUSTOMIZATION OPTIONS
- 13.5 RELATED REPORTS
- 13.6 AUTHOR DETAILS
- TABLE 1 MARKET GROWTH ASSUMPTIONS
- TABLE 2 RISK ASSESSMENT: SIC-ON-INSULATOR (SICOI) FILM MARKET
- TABLE 3 INDICATIVE PRICING OF SICOI FILMS, BY REGION, 2020–2023
- TABLE 4 ROLE OF PARTICIPANTS IN ECOSYSTEM
- TABLE 5 PATENTS FILED DURING REVIEW PERIOD
- TABLE 6 LIST OF MAJOR PATENTS APPLIED/GRANTED, 2014–2023
- TABLE 7 EXPORT DATA FOR HS CODE 381800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
- TABLE 8 IMPORT DATA FOR HS CODE 381800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
- TABLE 9 SIC-ON-INSULATOR (SICOI) FILM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
- TABLE 10 EXPORT MFN TARIFF LEVIED FOR HS CODE 381800-COMPLIANT PRODUCTS BY CHINA
- TABLE 11 SIC-ON-INSULATOR (SICOI) FILM MARKET: PORTER’S FIVE FORCES ANALYSIS
- TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SIC-ON-INSULATOR (SICOI) FILMS (%)
- TABLE 13 KEY BUYING CRITERIA FOR SIC-ON-INSULATOR (SICOI) FILMS
- TABLE 14 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2020–2023 (USD MILLION)
- TABLE 15 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2024–2029 (USD MILLION)
- TABLE 16 POLYCRYSTALLINE SIC: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2020–2023 (USD MILLION)
- TABLE 17 POLYCRYSTALLINE SIC: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2024–2029 (USD MILLION)
- TABLE 18 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2020–2023 (USD MILLION)
- TABLE 19 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2024–2029 (USD MILLION)
- TABLE 20 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2020–2023 (THOUSAND UNITS)
- TABLE 21 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2024–2029 (THOUSAND UNITS)
- TABLE 22 150 MM: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2020–2023 (USD MILLION)
- TABLE 23 150 MM: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2024–2029 (USD MILLION)
- TABLE 24 200 MM: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2020–2023 (USD MILLION)
- TABLE 25 200 MM: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2024–2029 (USD MILLION)
- TABLE 26 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2020–2023 (USD MILLION)
- TABLE 27 SIC-ON-INSULATOR (SICOI) FILM MARKET, BY TECHNOLOGY ROUTE, 2024–2029 (USD MILLION)
- TABLE 28 SMART CUT TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2020–2023 (USD MILLION)
- TABLE 29 SMART CUT TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2024–2029 (USD MILLION)
- TABLE 30 SMART CUT TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2020–2023 (USD MILLION)
- TABLE 31 SMART CUT TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2024–2029 (USD MILLION)
- TABLE 32 GRINDING/POLISHING/BONDING TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2020–2023 (USD MILLION)
- TABLE 33 GRINDING/POLISHING/BONDING TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY SUBSTRATE MATERIAL, 2024–2029 (USD MILLION)
- TABLE 34 GRINDING/POLISHING/BONDING TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2020–2023 (USD MILLION)
- TABLE 35 GRINDING/POLISHING/BONDING TECHNOLOGY: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY WAFER SIZE, 2024–2029 (USD MILLION)
- TABLE 36 SIC-ON-INSULATOR FILM MARKET, BY REGION, 2020–2023 (USD THOUSAND)
- TABLE 37 SIC-ON-INSULATOR FILM MARKET, BY REGION, 2024–2029 (USD THOUSAND)
- TABLE 38 NORTH AMERICA: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY COUNTRY, 2020–2023 (USD THOUSAND)
- TABLE 39 NORTH AMERICA: SIC-ON-INSULATOR FILM MARKET, BY COUNTRY, 2024–2029 (USD THOUSAND)
- TABLE 40 EUROPE: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY COUNTRY, 2020–2023 (USD THOUSAND)
- TABLE 41 EUROPE: SIC-ON-INSULATOR FILM MARKET, BY COUNTRY, 2024–2029 (USD THOUSAND)
- TABLE 42 ASIA PACIFIC: SIC-ON-INSULATOR (SICOI) FILM MARKET, BY COUNTRY, 2020–2023 (USD THOUSAND)
- TABLE 43 ASIA PACIFIC: SIC-ON-INSULATOR FILM MARKET, BY COUNTRY, 2024–2029 (USD THOUSAND)
- TABLE 44 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2023
- TABLE 45 SIC-ON-INSULATOR (SICOI) FILM MARKET: DEGREE OF COMPETITION, 2023
- TABLE 46 SIC-ON-INSULATOR (SICOI) FILM MARKET: COMPANY FOOTPRINT
- TABLE 47 SIC-ON-INSULATOR (SICOI) FILM MARKET: SUBSTRATE MATERIAL FOOTPRINT
- TABLE 48 SIC-ON-INSULATOR (SICOI) FILM MARKET: WAFER SIZE FOOTPRINT
- TABLE 49 SIC-ON-INSULATOR (SICOI) FILM MARKET: TECHNOLOGY ROUTE FOOTPRINT
- TABLE 50 SIC-ON-INSULATOR (SICOI) FILM MARKET: REGION FOOTPRINT
- TABLE 51 SIC-ON-INSULATOR (SICOI) FILM MARKET: PRODUCT LAUNCHES, JANUARY 2021–DECEMBER 2023
- TABLE 52 SIC-ON-INSULATOR (SICOI) FILM MARKET: DEALS, JANUARY 2021–DECEMBER 2023
- TABLE 53 SIC-ON-INSULATOR (SICOI) FILM MARKET: EXPANSIONS, JANUARY 2021—DECEMBER 2023
- TABLE 54 SOITEC: COMPANY OVERVIEW
- TABLE 55 SOITEC: PRODUCTS/SOLUTIONS OFFERED
- TABLE 56 SOITEC: PRODUCT LAUNCHES
- TABLE 57 SOITEC: DEALS
- TABLE 58 SOITEC: EXPANSIONS
- TABLE 59 SICOXS CORPORATION: COMPANY OVERVIEW
- TABLE 60 SICOXS CORPORATION: PRODUCTS/SOLUTIONS OFFERED
- TABLE 61 SICOXS CORPORATION: EXPANSIONS
- TABLE 62 BEIJING QINGHE JINGYUAN SEMICONDUCTOR TECHNOLOGY CO., LTD. (ISABERS MATERIALS): COMPANY OVERVIEW
- TABLE 63 BEIJING QINGHE JINGYUAN SEMICONDUCTOR TECHNOLOGY CO., LTD. (ISABERS MATERIALS): PRODUCTS/SOLUTIONS OFFERED
- TABLE 64 BEIJING QINGHE JINGYUAN SEMICONDUCTOR TECHNOLOGY CO., LTD. (ISABERS MATERIALS): EXPANSIONS
- TABLE 65 MTI CORPORATION: COMPANY OVERVIEW
- TABLE 66 MTI CORPORATION: PRODUCTS/SOLUTIONS OFFERED
- TABLE 67 NGK INSULATORS, LTD.: COMPANY OVERVIEW
- TABLE 68 NGK INSULATORS, LTD.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 69 WOLFSPEED, INC.: COMPANY OVERVIEW
- TABLE 70 WOLFSPEED, INC.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 71 WOLFSPEED, INC.: DEALS
- TABLE 72 WOLFSPEED, INC.: EXPANSIONS
- TABLE 73 SICC CO., LTD.: COMPANY OVERVIEW
- TABLE 74 SICC CO., LTD.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 75 SICC CO., LTD.: DEALS
- TABLE 76 SICC CO., LTD.: EXPANSIONS
- TABLE 77 SICC CO., LTD.: OTHERS
- TABLE 78 COHERENT CORP.: COMPANY OVERVIEW
- TABLE 79 COHERENT CORP.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 80 COHERENT CORP.: PRODUCT LAUNCHES
- TABLE 81 COHERENT CORP.: DEALS
- TABLE 82 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: COMPANY OVERVIEW
- TABLE 83 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 84 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: PRODUCT LAUNCHES
- TABLE 85 PRECISION MICRO-OPTICS INC.: COMPANY OVERVIEW
- TABLE 86 PRECISION MICRO-OPTICS INC.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 87 RESONAC HOLDINGS CORPORATION: COMPANY OVERVIEW
- TABLE 88 RESONAC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS OFFERED
- TABLE 89 RESONAC HOLDING CORPORATION: PRODUCT LAUNCHES
- TABLE 90 RESONAC HOLDINGS CORPORATION: DEALS
- TABLE 91 RESONAC HOLDINGS CORPORATION: OTHERS
- TABLE 92 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
- TABLE 93 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 94 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCT LAUNCHES
- TABLE 95 SK SILTRON CO., LTD.: COMPANY OVERVIEW
- TABLE 96 SK SILTRON CO., LTD.: PRODUCTS/SOLUTIONS OFFERED
- TABLE 97 TYSIC: COMPANY OVERVIEW
- TABLE 98 TYSIC: PRODUCTS/SOLUTIONS OFFERED
- TABLE 99 SICRYSTAL GMBH: COMPANY OVERVIEW
- TABLE 100 SICRYSTAL GMBH: PRODUCTS/SOLUTIONS OFFERED
- TABLE 101 SICRYSTAL GMBH: DEALS
- FIGURE 1 SIC-ON-INSULATOR (SICOI) FILM MARKET SEGMENTATION
- FIGURE 2 SIC-ON-INSULATOR (SICOI) FILM MARKET: RESEARCH DESIGN
- FIGURE 3 SIC-ON-INSULATOR (SICOI) FILM MARKET: RESEARCH APPROACH
- FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
- FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
- FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS (APPROACH 1)
- FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS (APPROACH 2)
- FIGURE 8 DATA TRIANGULATION
- FIGURE 9 SIC-ON-INSULATOR (SICOI) FILM MARKET: GLOBAL SNAPSHOT
- FIGURE 10 POLYCRYSTALLINE SIC SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2024 TO 2029
- FIGURE 11 200 MM SILICON WAFERS SIZE SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
- FIGURE 12 SMART CUT TECHNOLOGY TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 13 ASIA PACIFIC TO DOMINATE GLOBAL SIC-ON-INSULATOR (SICOI) FILM MARKET DURING FORECAST PERIOD
- FIGURE 14 GROWING ADOPTION OF ELECTRIC VEHICLES AND CLEAN ENERGY TO DRIVE MARKET
- FIGURE 15 POLYCRYSTALLINE SIC TO ACCOUNT FOR LARGEST MARKET IN 2029
- FIGURE 16 200 MM WAFERS TO LEAD MARKET FROM 2024 TO 2029
- FIGURE 17 SMART CUT TECHNOLOGY TO CLAIM LARGER MARKET SHARE FROM 2024 TO 2029
- FIGURE 18 CHINA DOMINATED MARKET IN ASIA PACIFIC IN 2023
- FIGURE 19 SIC-ON-INSULATOR (SICOI) FILM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
- FIGURE 20 SALES OF ELECTRIC VEHICLES IN US, 2019–2021
- FIGURE 21 SIC-ON-INSULATOR (SICOI) FILM MARKET: IMPACT ANALYSIS OF DRIVERS
- FIGURE 22 SIC-ON-INSULATOR (SICOI) FILM MARKET: IMPACT ANALYSIS OF RESTRAINTS
- FIGURE 23 SIC-ON-INSULATOR (SICOI) FILM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
- FIGURE 24 SIC-ON-INSULATOR (SICOI) FILM MARKET: IMPACT ANALYSIS OF CHALLENGES
- FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
- FIGURE 26 AVERAGE SELLING PRICE TREND OF SICOI FILMS, BY WAFER SIZE, 2020–2029
- FIGURE 27 INDICATIVE PRICE TREND OF 100 MM SICOI FILMS, BY REGION, 2020–2023
- FIGURE 28 INDICATIVE PRICE TREND OF 150 MM SICOI FILMS, BY REGION, 2020–2023
- FIGURE 29 INDICATIVE PRICE TREND OF 200 MM SICOI FILMS, BY REGION, 2020–2023
- FIGURE 30 SIC-ON-INSULATOR (SICOI) FILM MARKET: SUPPLY CHAIN ANALYSIS
- FIGURE 31 SIC-ON-INSULATOR (SICOI) FILM MARKET: ECOSYSTEM ANALYSIS
- FIGURE 32 INVESTMENT AND FUNDING SCENARIO
- FIGURE 33 PATENTS APPLIED AND GRANTED, 2014–2023
- FIGURE 34 EXPORT DATA FOR HS CODE 381800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023
- FIGURE 35 IMPORT DATA FOR HS CODE 381800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023
- FIGURE 36 SIC-ON-INSULATOR (SICOI) FILM MARKET: PORTER’S FIVE FORCES ANALYSIS
- FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SIC-0N-INSULATOR (SICOI) FILMS
- FIGURE 38 KEY BUYING CRITERIA, BY APPLICATION
- FIGURE 39 POLYCRYSTALLINE SIC SEGMENT TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
- FIGURE 40 SMART CUT TECHNOLOGY SEGMENT TO CLAIM LARGER MARKET SHARE IN 2024
- FIGURE 41 200 MM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
- FIGURE 42 150 MM SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 43 SMART CUT TECHNOLOGY SEGMENT TO DOMINATE MARKET IN 2029
- FIGURE 44 SMART CUT TECHNOLOGY SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 45 SMART CUT TECHNOLOGY SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FROM 2024 TO 2029
- FIGURE 46 150 MM SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029
- FIGURE 47 POLYCRYSTALLINE SIC SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 48 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 49 NORTH AMERICA: SIC-ON-INSULATOR (SICOI) FILM MARKET SNAPSHOT
- FIGURE 50 EUROPE: SIC-ON-INSULATOR (SICOI) FILM MARKET SNAPSHOT
- FIGURE 51 ASIA PACIFIC: SIC-ON-INSULATOR (SICOI) FILM MARKET SNAPSHOT
- FIGURE 52 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2023
- FIGURE 53 REVENUE ANALYSIS OF SOITEC, 2021–2023
- FIGURE 54 SIC-ON-INSULATOR (SICOI) FILM MARKET: MARKET SHARE ANALYSIS, 2023
- FIGURE 55 SIC-ON-INSULATOR FILM MARKET: COMPANY VALUATION
- FIGURE 56 SIC-ON-INSULATOR FILM MARKET: FINANCIAL METRICS
- FIGURE 57 BRAND/PRODUCT COMPARISON
- FIGURE 58 SIC-ON-INSULATOR (SICOI) FILM MARKET: COMPANY EVALUATION MATRIX, 2023
- FIGURE 59 SIC-ON-INSULATOR (SICOI) FILM MARKET: COMPANY FOOTPRINT
- FIGURE 60 SOITEC: COMPANY SNAPSHOT
- FIGURE 61 NGK INSULATORS, LTD.: COMPANY SNAPSHOT
- FIGURE 62 WOLFSPEED, INC.: COMPANY SNAPSHOT
- FIGURE 63 COHERENT CORP.: COMPANY SNAPSHOT
- FIGURE 64 RESONAC HOLDINGS CORPORATION: COMPANY SNAPSHOT
- FIGURE 65 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
The research study involved four major activities in estimating the size of the SiC-on-Insulator (SiCOI) film 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 value 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 were referred to to identify and collect information required for this study. The secondary sources include annual reports, press releases, 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.
In the SiC-on-Insulator (SiCOI) film report, the top-down as well as bottom-up approaches have been used for the estimation of the global market size, along with several other dependent submarkets. The major players in the market were identified with the help of extensive secondary research and their presence in the market was determined using secondary and primary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
In primary research, various sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative insights required for this report. Primary sources from the 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 SiC-on-Insulator (SiCOI) film market ecosystem.
Extensive primary research has been conducted after analyzing the SiC-on-Insulator (SiCOI) film market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from demand and supply side vendors across three regions: North America, Europe, and Asia Pacific. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect the data.
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Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches along with data triangulation methods have been used to estimate and validate the size of the SiC-on-Insulator (SiCOI) film market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
- Identifying different stakeholders in the SiC-on-Insulator (SiCOI) film market that influence the entire market, along with participants across the value chain.
- Analyzing major manufacturers of SiC-on-Insulator (SiCOI) film and studying their product portfolios
- Analyzing trends related to the adoption of SiC-on-Insulator (SiCOI) films.
- Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, collaborations, acquisitions, agreements, contracts, cooperations, and partnerships, 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 S SiC-on-Insulator (SiCOI) films.
- 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
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-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 SiC-on-Insulator (SiCOI) market has been divided into several segments and subsegments. The data triangulation and market breakdown procedures have been used to complete the overall market engineering process and arrive at the exact statistics for all segments, 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
The SiC-on-Insulator (SiCOI) film market encompasses the commercialization of SiC-based semiconductor materials that are fabricated on insulating substrates. This combination of SiC's unique properties with the benefits of an insulating layer results in films with superior electrical, thermal, and power handling capabilities, making them well-suited for a wide range of applications. These SiCOI films find extensive use in power electronics, radio frequency (RF) and microwave devices, optoelectronics, and high-temperature electronics. They cater to industries such as electric vehicles, renewable energy, communications, and industrial automation. The growing demand for energy-efficient, high-performance, and reliable power electronics, coupled with the increasing adoption of wide-bandgap semiconductor technologies, is driving the global SiC-on-Insulator (SiCOI) film market.
Key Stakeholders
- Raw material suppliers
- Design tool and fabrication equipment vendors
- SiC wafer manufacturers
- Wafer equipment manufacturers
- Integrated device manufacturers (IDMs)
- Pure-play foundry vendors
- Non-pure-play (IDM) foundry vendors
- Electronic design automation (EDA) vendors
- Fabrication players
- Semiconductor intellectual property vendors
- Original device manufacturers (ODMs) (discrete and chip manufacturers)
- Original equipment manufacturers (OEMs) (electronic equipment manufacturers)
- Assembly, testing, and packaging vendors
- Distributors and Resellers
- End users
The main objectives of this study are as follows:
- To define, analyze, and forecast the SiC-on-Insulator (SiCOI) film market size, by substrate material, wafer size, technology route, and region, in terms of value.
- To estimate the market size for various segments with respect to three main regions, namely, North America, Europe, and Asia Pacific.
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the SiC-on-Insulator (SiCOI) film market
- To study the complete supply chain and related industry segments for the SiC-on-Insulator (SiCOI) film 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; Porter’s five forces model; trade analysis; patent analysis; key conferences & events; and regulations related to the SiC-on-Insulator (SiCOI) film market.
- 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 and core competencies2, along with detailing the competitive landscape for the market leaders.
- To analyze competitive developments such as product launches, partnerships, agreements, collaborations, contracts, acquisitions, cooperations, expansions, and research & development (R&D) activities carried out by players in the SiC-on-Insulator (SiCOI) film market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Country-wise breakdown for North America, Europe, and Asia Pacific
Growth opportunities and latent adjacency in SiC-on-Insulator (SiCOI) Film Market