SiC-On-Insulator and Other Substrates Market

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SiC-On-Insulator and Other Substrates Market by Substrate Type (Semi-insulating SiC Substrates, Conductive SiC Substrates), Wafer Size (100mm, 150mm and 200mm), Application (Power Devices, RF Devices) and Region - Global Forecast to 2029

FREE BROCHURE FREE SAMPLE REPORT
Report Code: SE 8907 Jan, 2024, by marketsandmarkets.com

[138 Pages Report] The SiC-on-insulator and other substrates market is estimated to be worth USD 99 million in 2024 and is projected to reach USD 149 million by 2029, at a CAGR of 8.5% during the forecast period. The surging demand for power devices and thermal management solutions is a major driver contributing to the market growth of SiC-on-insulator and other substrates. This is attributed towards the growing requirement for electrical and thermal conductivity which can be achieved through the integration of SiC wafers. Additionally, the growing adoption of SiC substrates in electric vehicles is attributed towards the increasing need for high power densities, fast charging, extended driving ranges and reduced overall system-level cost of ownership, thereby contributing towards the market growth of SiC-on-insulator and other substrates globally

SiC-On-Insulator and Other Substrates Market

SiC-On-Insulator and Other Substrates Market

SiC-On-Insulator and Other Substrates Market Forecast to 2029

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SiC-On-Insulator and Other Substrates Market Dynamics

Driver: Surging demand for power devices and thermal management solutions

The ongoing technological advancements, growing demand for consumer and automotive electronics, surging need for renewable energy expansions and industrial automation drives the demand for power devices and thermal management solutions. The increasing demand for SiC wafers in power devices and thermal management solutions is attributed to the growing requirement for electrical and thermal conductivity, which makes them highly suitable for diverse applications. Therefore, the surging demand for power devices and thermal management solutions is expected to drive the market growth of SiC-on-insulator and other substrates.

Restraint: High costs of SiC Substrates

The high costs associated with SiC substrates hinder the growth of SiC-on-insulator and other substrates market. The costs involved in producing SiC substrates can be a limiting factor for the widespread adoption of SiC-on-insulator technology. The production costs of SiC substrates are influenced by various factors such as prices of raw materials, energy consumption during the production process, and the complex manufacturing methods involved in creating SiC substrates. The initial high costs of SiC substrates can impact the overall cost-effectiveness of SiC-on-insulator solutions which makes them less accessible or economically viable for certain applications, which hinders the market adoption of SiC-on-insulator technology.

Opportunity: The escalating need for SiC-on-substrates based photovoltaic systems

Various SiC polytypes such as 4H-, and 6H- are emerging as attractive photonic materials. Recently, SiC has gained significant attention in the field of photonics due to its unique photonic properties such as low towo-photon absorption and optical transparency, there is a presence of a growing demand for advanced SiC-on-insulator and SiC based platforms to cater to the photonics applications. These advanced platforms have the potential to be used in the manufacturing process of large-scale integration of linear, nonlinear optical systems, quantum devices and integrated quantum photonic circuits. As a result, SiC-on-insulators and other substrates in photonics industry are an emerging market.

Challenge: Process complexities related to SiC-on-insulator and other substrates

Crucial factors such as the fabrication process, material properties, and thermal conductivity in SiC-on-insulators poses challenges in the manufacturing process of SiC-on-insulator devices. Moreover, production of SiC products is expensive which contributes towards the overall expense of manufacturing SiC-on-insulator substrate. Complexities can arise in the fabrication process of manufacturing SiC-on-insulator due to aspects such as ion-cutting, layer transferring, and wafer bonding of crystalline SiC to create an integrated photonic material platform. Moreover, material properties, particularly the requirement for high-quality amorphous silicon carbide deposited at low temperatures for effective hybrid photonic integration, are critical considerations which may impede the market growth of SiC-on-insulator and other substrates.

SiC-On-Insulator and Other Substrates Market Ecosystem

The prominent players in the SiC-on-insulator and other substrates market are Wolfspeed, Inc. (US), SICC Co., Ltd. (China), SOITEC (France), Coherent Corp. (US), GlobalWafers Co., Ltd. (Taiwan). These companies perform organic and inorganic growth strategies to expand themselves globally by providing SiC-on-insulator and other substrates.

SiC-On-Insulator and Other Substrates Market by Ecosystem

Conductive SiC substrates to register the highest CAGR in the SiC-on-insulator and other substrates market during the forecast period.

The presence of several companies such as Wolfspeed, Inc. (US), Coherent Corp. (US), SOITEC. (France), SICC Co. (China), Ltd., and Xiamen Powerway Advanced Material Co., Ltd. (China) offer conductive SiC substrates that are extensively used in power devices. Additionally, the growing implementation of SiC-on-insulator and other substrates in power electronics is expected to drive the market growth of conductive SiC substrates in the SiC-on-insulator and other substrates market.

Power devices held the largest market size in the SiC-on-insulator and other substrates market during the forecast period.

The unique properties of SiC enable the development of smaller devices that operate at higher voltages, switch faster, and run cooler. Moreover, SiC materials exhibit a significantly higher critical breakdown voltage than Si, which enables the creation of thin drift layers and higher doping concentrations. This results in lower on-resistance for a given die area and voltage rating, contributing to improved efficiency through decreased power loss in power devices. Therefore, power devices are expected to have the largest market size in the SiC-on-insulator and other substrates during the forecast period.

Asia Pacific held for the largest share of the SiC-on-insulator market in 2023.

Asia Pacific is expected to dominate the SiC-on-insulator and other substrates market during the forecast period. The presence of established several key players companies such as SICC Co., Ltd. (China), TankeBlue (China) and Ruttonsha International Rectifier (RIR) (India), government-led initiatives for increasing the adoption of electric vehicles are the major factors driving the market growth in Asia Pacific.

SiC-On-Insulator and Other Substrates Market by Region

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Key Market Players

The major players in the SiC-on-insulator and other substrates companies include Wolfspeed, Inc. (US), SICC Co., Ltd. (China), SOITEC (France), Coherent Corp. (US), GlobalWafers Co., Ltd. (Taiwan).  These companies have used both organic and inorganic growth strategies such as product launches, partnerships, agreements, collaborations, contracts, acquisitions, cooperations, and expansions to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Million/Billion)

Segments covered

By Substrate Type, Application and Region

Geographies covered

North America, Europe, Asia Pacific, and Rest of the World (RoW)

Companies covered

The major players in the SiC-on-insulator and other substrates market are Wolfspeed, Inc. (US), SICC Co., Ltd. (China), SOITEC (France), Coherent Corp. (US), GlobalWafers Co., Ltd. (Taiwan), Ceramicforum Co., Ltd. (Tokyo), Xiamen Powerway Advanced Material Co., Ltd. (China), Homray Material Technology (China), Shanghai Zhongyingrong innovative Material Technology Co., Ltd (China), Precision Micro-optics Inc. (US), Tankeblue Semiconductor Co., Ltd. (China), and Hebei Synlight Crystal Co., Ltd. (China).

SiC-On-Insulator and Other Substrates Market Highlights

The study segments the SiC-on-insulator and other substrates market based on substrate type, application and region at the regional and global level.

Segment

Subsegment

By Substrate Type
  • Semi-insulating SiC Substrates
  • Conductive SiC Substrates

By Application
  • Power Devices
  • RF Devices
  • Others (Laser Diodes, LEDs, Amplifiers and Transistors)

By Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa
      • Gulf Coast Countries (GCC)
      • Rest of Middle East & Africa

Recent Developments

  • In May 2023, Wolfspeed, Inc. announced the establishment of a joint European R&D center with ZF Friedrichshafen AG, a global technology company that supplies systems for passenger cars, commercial vehicles, and industrial technology. This joint R&D center will provide SiC power electronics in the Nuremberg Metropolitan region. This joint European R&D center will focus on breakthrough innovations for SiC systems, products, and applications.
  • In May 2023, SICC Co., Ltd. announced its agreement with Infineon Technologies AG, a semiconductor manufacturing company, to diversify the SiC material supplier base and have a competitive advantage over SiC sources. In this agreement, the company will supply its high-quality 150 mm wafers and boules to Infineon Technologies AG to manufacture SiC substrates.
  • In December 2022, SOITEC and STMicroelectronics, a semiconductor contract manufacturing and design company, announced their cooperation in which STMicroelectronics’ client, Tesla Inc., will use SOITEC’s SiC substrate technology in the form of a bigger 200-mm wafer, which is underdevelopment.
  • In October 2023, Coherent Corp. announced that DENSO CORPORATION, an automotive component manufacturing company, and Mitsubishi Electric Corporation, an electronics and electrical equipment manufacturing company, planned to invest about USD 1 billion in its silicon carbide business. Additionally, the company planned to enter a long-term supply agreement with these two companies to address 150 mm and 200 mm substrate and epitaxial wafer demand.
  • In June 2020, GlobalWafers announced its collaboration with National Chiao Tung University (NCTU) to establish a compound semiconductor research center including 6″–8″   SiC and GaN technology to support crystal development for high-performance device applications on SiC and GaN materials.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 19)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
                    1.3.3.1 By company
                    1.3.3.2 By substrate type
                    1.3.3.3 By application
                    1.3.3.4 By region
           1.3.4 YEARS CONSIDERED
           1.3.5 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA 
           FIGURE 2 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY RESEARCH
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY RESEARCH
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of primary interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key data from primary sources
                    2.1.2.5 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION METHODOLOGY 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
                               FIGURE 3 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis (supply side)
                               FIGURE 4 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: TOP-DOWN APPROACH
    2.3 FACTOR ANALYSIS 
           2.3.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS (APPROACH 1)
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS (APPROACH 2)
           2.3.2 GROWTH FORECAST ASSUMPTIONS
                    TABLE 1 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET GROWTH ASSUMPTIONS
    2.4 RECESSION IMPACT 
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
           TABLE 2 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: RESEARCH ASSUMPTIONS
    2.7 RISK ASSESSMENT 
           TABLE 3 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 37)
    FIGURE 8 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET SIZE, 2020–2029
    FIGURE 9 CONDUCTIVE SIC SUBSTRATES TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 10 POWER DEVICES APPLICATION TO DOMINATE SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC HELD LARGEST SHARE OF SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET 
           FIGURE 12 BURGEONING DEMAND FOR ELECTRIC VEHICLES TO FOSTER SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET GROWTH
    4.2 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY APPLICATION 
           FIGURE 13 POWER DEVICES APPLICATION TO ACCOUNT FOR LARGEST SHARE OF SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET IN 2029
    4.3 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY SUBSTRATE TYPE 
           FIGURE 14 CONDUCTIVE SIC SUBSTRATES TO HOLD LARGER MARKET SHARE IN 2029
 
5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 15 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Mounting demand for power and thermal management devices
                    5.2.1.2 Increasing use of SiC substrates to boost performance efficiency of telecom devices
                    5.2.1.3 Rising preference for sustainable mobility solutions
                               FIGURE 16 SALES OF ELECTRIC VEHICLES IN US, 2019–2021
                               FIGURE 17 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High production costs
                               FIGURE 18 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Demand for SiC substrates in photonics industry
                    5.2.3.2 Increasing R&D of SiC-on-insulator substrates for biomedical devices
                               FIGURE 19 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Complex fabrication process and inadequate thermal conductivity
                               FIGURE 20 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: CHALLENGES AND THEIR IMPACT
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 21 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: SUPPLY CHAIN ANALYSIS
    5.4 ECOSYSTEM/MARKET MAP 
           FIGURE 22 SIC-ON-INSULATOR AND OTHER SUBSTRATES ECOSYSTEM
           TABLE 4 COMPANIES AND THEIR ROLES IN SIC-ON-INSULATOR AND OTHER SUBSTRATES ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 ADVANCED SIC-ON-INSULATOR AND SIC-BASED PLATFORMS
           5.6.2 AMORPHOUS SIC SUBSTRATES
    5.7 PATENT ANALYSIS 
           TABLE 5 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: PATENTS FILED BETWEEN JANUARY AND DECEMBER, 2023
           FIGURE 23 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: NUMBER OF PATENTS GRANTED, 2013–2023
           FIGURE 24 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013–2023
           TABLE 6 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: TOP 20 PATENT OWNERS, 2013–2023
           TABLE 7 KEY PATENTS RELATED TO SIC-ON-INSULATOR AND OTHER SUBSTRATES
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 25 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 26 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: IMPACT OF PORTER’S FIVE FORCES
           TABLE 8 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: 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 STANDARDS AND REGULATORY LANDSCAPE 
           5.9.1 STANDARDS
           5.9.2 REGULATIONS
                    5.9.2.1 Asia Pacific
                    5.9.2.2 North America
                    5.9.2.3 Europe
    5.10 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 9 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
 
6 SIC-ON-INSULATOR AND OTHER SUBSTRATE MATERIALS (Page No. - 63)
    6.1 INTRODUCTION 
    6.2 SI 
    6.3 SIO2 
    6.4 OTHER MATERIALS 
 
7 SIC-ON-INSULATOR AND OTHER SUBSTRATE WAFER SIZES (Page No. - 65)
    7.1 INTRODUCTION 
    7.2 100 MM 
    7.3 150 MM 
    7.4 200 MM 
 
8 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY SUBSTRATE TYPE (Page No. - 67)
    8.1 INTRODUCTION 
           TABLE 10 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY SUBSTRATE TYPE, 2020–2023 (USD MILLION)
           TABLE 11 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY SUBSTRATE TYPE, 2024–2029 (USD MILLION)
           FIGURE 27 CONDUCTIVE SIC SUBSTRATES TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
    8.2 SEMI-INSULATING SIC SUBSTRATES 
           8.2.1 GROWING ADOPTION OF HIGH-PURITY SEMI-INSULATING SIC SUBSTRATES IN RF DEVICES TO DRIVE MARKET
    8.3 CONDUCTIVE SIC SUBSTRATES 
           8.3.1 INCREASING DEVELOPMENT OF SIC POWER ELECTRONICS TO FUEL SEGMENTAL GROWTH
 
9 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY APPLICATION (Page No. - 70)
    9.1 INTRODUCTION 
           TABLE 12 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
           TABLE 13 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
           FIGURE 28 POWER DEVICES APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    9.2 POWER DEVICES 
           9.2.1 USE OF CONDUCTIVE SIC-ON-INSULATOR SUBSTRATES IN ELECTRONIC DEVICES TO FOSTER SEGMENTAL GROWTH
    9.3 RF DEVICES 
           9.3.1 WIDE BANDGAP AND LOW LEAKAGE CURRENT TO AUGMENT DEMAND
    9.4 OTHER APPLICATIONS 
 
10 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY REGION (Page No. - 74)
     10.1 INTRODUCTION 
             TABLE 14 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 15 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET, BY REGION, 2024–2029 (USD MILLION)
             FIGURE 29 ASIA PACIFIC TO DOMINATE SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET DURING FORECAST PERIOD
     10.2 NORTH AMERICA 
             10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
             10.2.2 US
             10.2.3 CANADA
             10.2.4 MEXICO
     10.3 EUROPE 
             10.3.1 RECESSION IMPACT ON MARKET IN EUROPE
             10.3.2 GERMANY
             10.3.3 UK
             10.3.4 FRANCE
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
             10.4.2 CHINA
             10.4.3 JAPAN
             10.4.4 INDIA
             10.4.5 SOUTH KOREA
             10.4.6 REST OF ASIA PACIFIC
     10.5 ROW 
             10.5.1 RECESSION IMPACT ON MARKET IN ROW
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 GCC
                        10.5.2.2 Rest of Middle East & Africa
             10.5.3 SOUTH AMERICA
 
11 COMPETITIVE LANDSCAPE (Page No. - 85)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 
             TABLE 16 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023
             FIGURE 30 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: ORGANIC AND INORGANIC STRATEGIES ADOPTED BY PLAYERS, 2019–2023
             11.2.1 ORGANIC/INORGANIC GROWTH STRATEGIES
                        11.2.1.1 Product portfolio expansion
                        11.2.1.2 Geographic footprint expansion
                        11.2.1.3 Manufacturing footprint expansion
     11.3 MARKET SHARE ANALYSIS, 2023 
             TABLE 17 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: DEGREE OF COMPETITION
     11.4 COMPANY EVALUATION MATRIX, 2023 
             11.4.1 STARS
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE PLAYERS
             11.4.4 PARTICIPANTS
                        FIGURE 31 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: COMPANY EVALUATION MATRIX, 2023
             11.4.5 COMPANY FOOTPRINT
                        TABLE 18 COMPANY OVERALL FOOTPRINT (12 KEY COMPANIES)
                        TABLE 19 COMPANY SUBSTRATE TYPE FOOTPRINT (12 KEY COMPANIES)
                        TABLE 20 COMPANY APPLICATION FOOTPRINT (12 KEY COMPANIES)
                        TABLE 21 COMPANY REGION FOOTPRINT (12 KEY COMPANIES)
     11.5 COMPETITIVE SCENARIOS AND TRENDS 
             11.5.1 PRODUCT LAUNCHES
                        TABLE 22 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: PRODUCT LAUNCHES, 2019–2023
             11.5.2 DEALS
                        TABLE 23 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: DEALS, 2020–2023
             11.5.3 OTHERS
                        TABLE 24 SIC-ON-INSULATOR AND OTHER SUBSTRATES MARKET: OTHERS, 2021–2023
 
12 COMPANY PROFILES (Page No. - 100)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     12.1 INTRODUCTION 
     12.2 KEY PLAYERS 
             12.2.1 WOLFSPEED, INC.
                        TABLE 25 WOLFSPEED, INC.: COMPANY OVERVIEW
                        FIGURE 32 WOLFSPEED, INC.: COMPANY SNAPSHOT
                        TABLE 26 WOLFSPEED, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 27 WOLFSPEED, INC.: DEALS
                        TABLE 28 WOLFSPEED, INC.: OTHERS
             12.2.2 SICC CO., LTD.
                        TABLE 29 SICC CO., LTD.: COMPANY OVERVIEW
                        TABLE 30 SICC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 31 SICC CO., LTD.: DEALS
                        TABLE 32 SICC CO., LTD.: OTHERS
             12.2.3 SOITEC
                        TABLE 33 SOITEC: COMPANY OVERVIEW
                        FIGURE 33 SOITEC: COMPANY SNAPSHOT
                        TABLE 34 SOITEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 35 SOITEC: PRODUCT LAUNCHES
                        TABLE 36 SOITEC: DEALS
                        TABLE 37 SOITEC: OTHERS
             12.2.4 COHERENT CORP.
                        TABLE 38 COHERENT CORP.: COMPANY OVERVIEW
                        FIGURE 34 COHERENT CORP.: COMPANY SNAPSHOT
                        TABLE 39 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 40 COHERENT CORP.: PRODUCT LAUNCHES
                        TABLE 41 COHERENT CORP.: DEALS
                        TABLE 42 COHERENT CORP.: OTHERS
             12.2.5 GLOBALWAFERS
                        TABLE 43 GLOBALWAFERS: COMPANY OVERVIEW
                        FIGURE 35 GLOBALWAFERS: COMPANY SNAPSHOT
                        TABLE 44 GLOBALWAFERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 45 GLOBALWAFERS: DEALS
             12.2.6 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.
                        TABLE 46 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: COMPANY OVERVIEW
                        TABLE 47 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 48 XIAMEN POWERWAY ADVANCED MATERIAL CO., LTD.: PRODUCT LAUNCHES
             12.2.7 CERAMICFORUM CO., LTD.
                        TABLE 49 CERAMICFORUM CO., LTD.: COMPANY OVERVIEW
                        TABLE 50 CERAMICFORUM CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.8 HOMRAY MATERIAL TECHNOLOGY
                        TABLE 51 HOMRAY MATERIAL TECHNOLOGY: COMPANY OVERVIEW
                        TABLE 52 HOMRAY MATERIAL TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 53 HOMRAY MATERIAL TECHNOLOGY: PRODUCT LAUNCHES
             12.2.9 SHANGHAI ZHONGYINGRONG INNOVATIVE MATERIAL TECHNOLOGY CO., LTD
                        TABLE 54 SHANGHAI ZHONGYINGRONG INNOVATIVE MATERIAL TECHNOLOGY CO., LTD: COMPANY OVERVIEW
                        TABLE 55 SHANGHAI ZHONGYINGRONG INNOVATIVE MATERIAL TECHNOLOGY CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.10 PRECISION MICRO-OPTICS INC.
                        TABLE 56 PRECISION MICRO-OPTICS INC.: COMPANY OVERVIEW
                        TABLE 57 PRECISION MICRO-OPTICS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.11 SICRYSTAL GMBH
                        TABLE 58 SICRYSTAL GMBH: COMPANY OVERVIEW
                        TABLE 59 SICRYSTAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 60 SICRYSTAL GMBH: DEALS
             12.2.12 SYNLIGHT
                        TABLE 61 SYNLIGHT: COMPANY OVERVIEW
                        TABLE 62 SYNLIGHT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.13 TANKEBLUE CO,. LTD.
                        TABLE 63 TANKEBLUE CO,. LTD.: COMPANY OVERVIEW
                        TABLE 64 TANKEBLUE CO,. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 65 TANKEBLUE CO,. LTD.: DEALS
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 130)
     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 

The research study involved four major activities in estimating the size of the SiC-on-insulator and other substrates 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, 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 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 and other substrates market ecosystem.

SiC-On-Insulator and Other Substrates Market Size, and Share

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

Market Size Estimation

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 SiC-on-insulator and other substrates 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 and other substrates market that influence the entire market, along with participants across the value chain.
  • Analyzing major manufacturers of SiC-on-insulator and other substrates and studying their product portfolios
  • Analyzing trends related to the adoption of SiC-on-insulator and other substrates.
  • 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 SiC-on-insulator and other substrates.
  • 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

SiC-On-Insulator and Other Substrates Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-down Approach

SiC-On-Insulator and Other Substrates Market Size, and Bottom-up 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 and other substrates 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

SiC-on-insulator refers to a semiconductor technology where a layer of SiC is grown or deposited on an insulating substrate, typically made of materials like Si, SiO2 and others that include glass, sapphire and quartz. This structure is designed to combine the unique properties of SiC, such as high thermal conductivity and wide bandgap, with the benefits of an insulating or a conductive layer. These layers can help reduce parasitic capacitance, enhance device isolation, increase electrical conductivity and improve overall performance, making them suitable for various electronic and semiconductor applications, including power devices, RF devices and others that include laser diodes, LEDs, amplifiers and transistors.

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 devices 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 and other substrates market size, by substrate type, application, and region, in terms of value.
  • 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 SiC-on-insulator and other substrates market
  • To study the complete supply chain and related industry segments for the SiC-on-insulator and other substrates 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, 2024–2025; and regulations related to the SiC-on-insulator and other substrates 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 and expansions and research and development (R&D) activities carried out by players in the SiC-on-insulator and other substrates market.

Customizations Options:

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Company Information

  • Detailed analysis and profiling of additional market players
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