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Report
Silicon Carbide Market by Device (SiC Discrete Device, SiC Module), Wafer Size (Up to 150 MM, >150 MM), End-Use Application (Automotive, Energy & Power, Transportation, Industrial, Telecommunications) and Region - Global Forecast to 2028
Market Report I 2023-04-25 I 231 Pages I MarketsandMarkets
The global silicon carbide market was valued at USD 1.8 billion in 2022 and is projected to reach USD 11.1 billion by 2028; it is expected to register a CAGR of 36.4% during the forecast period. Higher mechanical, electrical, and thermal properties of SiC than regular silicon is driving the growth of the silicon carbide market, whereas availability of substitute materials such as gallium nitride are restraining the growth of silicon carbide market.
>150 mm segment is expected to grow at higher CAGR during forecast period
The market for >150 mm wafers is expected to grow at a higher CAGR of 123.5% during the forecast period. Most SiC power electronics, such as Schottky barrier diodes and MOSFETs, are built using 150 mm wafers. These fabrications take place in fully depreciated 150 mm fabs. The market for >150 mm and above wafer size is still in the process of gaining traction, and there are very few players that offer and manufacture them. These wafers can be used in a variety of SiC devices as SiC MOFETS and SiC modules as they are 50% thinner than the standard silicon wafers.
SiC module segment by wattage to register growth at higher CAGR
SiC module segment is expected to experience the higher CAGR of 38.1% % during the forecast period. SiC modules provide power supply efficiency with simpler cooling measures, small peripheral components for higher frequency operation, and supreme endurance. These modules are used in DC-DC solar inverters. SiC modules improve the efficiency of the device, facilitating high-frequency operations above 100 kHz. Furthermore, its features such as reduced size and cost, increased switching frequency, and high switching speed are widely used in power supplies for photovoltaic (PV) power conditioners, industrial equipment, traction drives, and others.
Automotive segment is likely to grow at higher CAGR
Automotive segment is expected to experience the highest CAGR of 38.2% during the forecast period. The rising adoption of EVs/HEVs and electrified powertrains will boost the demand for silicon carbide devices. The rising use of high-efficiency SiC devices in automotive applications increases the operating time of battery-powered vehicles and reduces electricity consumption at wireless base stations and similar applications. SiC is gaining traction in automotive applications as the industry is shifting toward more efficient and sustainable transportation. Its unique properties make it suitable for these applications, and SiC-based components are expected to play an important role in the future of EVs and other electric vehicles. Electric vehicle (EV) sales increased in every region as production increased, oil prices hiked and targeted policies to reduce vehicle emissions have become stringent. According to the World Economic Forum, 10.6 million electric vehicles were sold. This adoption rate of EV is expected to have a growth in the coming years, with sales of ~21 million EVs by 2025.
North America to register growth at second highest CAGR
North America is expected to witness the second highest CAGR of 36.1% during the forecast period. North America is a home to major silicon carbide manufacturers and technology providers such as GeneSiC Semiconductor Inc., General Electric (US), and Microchip Technology Inc. The majority of silicon carbide startups operating in North America cater mainly to the domestic market. High adoption of silicon carbide in electric vehicles is anticipated to provide potential growth opportunities for silicon carbide vendors in the region. The presence of a broad consumer base and high industrial virility in the region act as catalysts for the growth of the silicon carbide market.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 35%, Tier 2 - 45%, Tier 3 - 20%
- By Designation- C-level Executives - 40%, Managers - 30%, Others - 30%
- By Region-North America - 30%, Europe - 20%, Asia Pacific - 40%, RoW - 10%
The silicon carbide market is dominated by a few globally established players such as STMicroelectronics N.V. (Switzerland); Infineon Technologies AG (Germany); WOLFSPEED, INC. (North Carolina); ON Semiconductor Corporation (Arizona); ROHM Co., Ltd. (Kyoto). The study includes an in-depth competitive analysis of these key players in the silicon carbide market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the silicon carbide market and forecasts its size, by device, wafer size, end-use application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the silicon carbide ecosystem
Key Benefits to Buy the Report:
- Analysis Of key drivers (Benefits of silicon carbide over silicon, Increasing use of SiC devices in power electronics, Higher mechanical, electrical, and thermal properties of SiC than regular silicon, Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production). Restraint (Availability of substitute materials such as gallium nitride, High cost of raw materials and fabrication). Opportunity (Evolving renewable energy applications of SiC, Increasing use of SiC in electric vehicles, Growing implementation of SiC devices in automotive and power device applications). Challenges (Material defects and designing and packaging issues in SiC power devices)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the silicon carbide market
- Market Development: Comprehensive information about lucrative markets - the report analyses the silicon carbide market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the silicon carbide market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like STMicroelectronics N.V. (Switzerland); Infineon Technologies AG (Germany); WOLFSPEED, INC. (North Carolina); ON Semiconductor Corporation (Arizona); ROHM Co., Ltd. (Kyoto); Fuji Electric Co., Ltd. (Tokyo); Toshiba Corporation (Tokyo); Hitachi Ltd. (Japan); and Microchip Technology Inc. (Arizona) among others in the silicon carbide market.
1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
1.3.2 GEOGRAPHIC SCOPE 30
1.3.3 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 31
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
2.1.1 SECONDARY AND PRIMARY RESEARCH 35
2.1.2 SECONDARY DATA 36
2.1.2.1 Key secondary sources 36
2.1.2.2 Key data from secondary sources 36
2.1.3 PRIMARY DATA 37
2.1.3.1 Major primary interview participants 37
2.1.3.2 Breakdown of primaries 37
2.1.3.3 Key data from primary sources 38
2.1.3.4 Key industry insights 38
2.2 FACTOR ANALYSIS 39
2.2.1 SUPPLY-SIDE ANALYSIS 39
2.3 MARKET SIZE ESTIMATION 40
2.3.1 BOTTOM-UP APPROACH 41
2.3.1.1 Approach to obtain market share using bottom-up analysis (demand side) 41
2.3.2 TOP-DOWN APPROACH 42
2.3.2.1 Approach to obtain market share using top-down analysis (supply side) 42
2.3.3 GROWTH PROJECTION AND FORECAST-RELATED ASSUMPTIONS 43
TABLE 1 MARKET GROWTH ASSUMPTIONS 43
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 43
2.5 RESEARCH ASSUMPTIONS 44
TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT 44
2.5.1 RECESSION IMPACT ANALYSIS 45
TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SILICON CARBIDE MARKET 45
2.6 STUDY LIMITATIONS 45
2.7 RISK ASSESSMENT 45
TABLE 4 RISK ASSESSMENT: SILICON CARBIDE MARKET 45
3 EXECUTIVE SUMMARY 46
3.1 IMPACT OF RECESSION ON SILICON CARBIDE MARKET 48
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON CARBIDE MARKET 50
4.2 SILICON CARBIDE MARKET, BY DEVICE 50
4.3 SILICON CARBIDE MARKET FOR AUTOMOTIVE APPLICATIONS, BY REGION 51
4.4 SILICON CARBIDE MARKET, BY REGION 51
4.5 SILICON CARBIDE MARKET, BY COUNTRY 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
5.2.1 DRIVERS 54
5.2.1.1 Benefits of silicon carbide over silicon 54
5.2.1.2 Increasing use of SiC devices in power electronics 55
5.2.1.3 Better mechanical, electrical, and thermal properties of SiC than regular silicon 56
TABLE 5 SILICON CARBIDE (SIC) VS. SILICON (SI), BY CHARACTERISTIC AND MEASUREMENT 56
5.2.1.4 Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production 57
5.2.2 RESTRAINTS 58
5.2.2.1 Availability of substitute materials such as gallium nitride 58
TABLE 6 MATERIAL PROPERTY COMPARISON: SILICON CARBIDE (SIC) VS. SILICON (SI) VS. GALLIUM NITRIDE (GAN) 59
5.2.2.2 High cost of raw materials and fabrication 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Evolving renewable energy applications of SiC 60
5.2.3.2 Increasing use of SiC in electric vehicles 60
5.2.3.3 Growing implementation of SiC devices in automotive and power device applications 60
5.2.4 CHALLENGES 61
5.2.4.1 Material defects and designing and packaging issues in SiC power devices 61
5.3 VALUE CHAIN ANALYSIS 62
TABLE 7 SILICON CARBIDE MARKET: ECOSYSTEM 63
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SILICON CARBIDE MARKET 64
5.5 SILICON CARBIDE MARKET ECOSYSTEM 65
5.6 AVERAGE SELLING PRICE ANALYSIS 66
5.6.1 AVERAGE SELLING PRICE OF SILICON CARBIDE WAFERS 66
TABLE 8 AVERAGE SELLING PRICE OF SIC WAFERS, BY SIZE (USD) 66
5.6.2 AVERAGE SELLING PRICE TREND 66
TABLE 9 AVERAGE PRICE: SILICON CARBIDE, BY DEVICE (USD) 66
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 67
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 67
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%) 68
5.7.2 BUYING CRITERIA 68
TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS 68
5.8 PORTER'S FIVE FORCES ANALYSIS 69
TABLE 12 SILICON CARBIDE MARKET: PORTER'S FIVE FORCES ANALYSIS 69
5.8.1 THREAT OF NEW ENTRANTS 70
5.8.2 THREAT OF SUBSTITUTES 71
5.8.3 BARGAINING POWER OF SUPPLIERS 71
5.8.4 BARGAINING POWER OF BUYERS 71
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 71
5.9 CASE STUDIES 72
5.9.1 SEMIPOWEREX INCREASES SWITCHING FREQUENCY AND REDUCES COST BY USING QORVO'S SIC DEVICES 72
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 72
5.10 TRADE ANALYSIS 73
5.10.1 IMPORT SCENARIO 73
TABLE 13 IMPORT DATA, BY COUNTRY, 2017-2021 (USD MILLION) 73
5.10.2 EXPORT SCENARIO 74
TABLE 14 EXPORT DATA, BY COUNTRY, 2017-2021 (USD MILLION) 74
5.11 PATENT ANALYSIS, 2012-2022 75
TABLE 15 KEY PATENTS PERTAINING TO SILICON CARBIDE MARKET, 2021-2023 76
5.12 KEY CONFERENCES AND EVENTS, 2023-2024 79
TABLE 16 SILICON CARBIDE MARKET: MAJOR CONFERENCES AND EVENTS 79
5.13 STANDARDS AND REGULATORY LANDSCAPE 80
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
5.13.2 STANDARDS 81
5.14 TARIFF ANALYSIS 82
TABLE 20 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY CHINA (2021) 82
TABLE 21 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY US (2021) 82
6 APPLICATIONS OF SILICON CARBIDE 83
6.1 INTRODUCTION 83
6.2 RF DEVICES AND CELLULAR BASE STATIONS 83
6.2.1 GROWING CONNECTIVITY AND CELLULAR TECHNOLOGY TO PROPEL MARKET 83
6.3 POWER GRID DEVICES 84
6.3.1 DEPLOYMENT OF SIC DEVICES IN POWER GRIDS FOR EFFICIENT POWER DISTRIBUTION TO FUEL GROWTH 84
6.4 FLEXIBLE AC TRANSMISSION SYSTEMS 84
6.4.1 IMPLEMENTATION OF SIC IN FLEXIBLE AC TRANSMISSION SYSTEMS TO REDUCE POWER LOSS TO FUEL MARKET 84
6.5 HIGH-VOLTAGE DIRECT CURRENT (HVDC) SYSTEMS 84
6.5.1 RISING USE OF HVDC SYSTEMS TO ACHIEVE LOW LOSSES TO INCREASE DEMAND FOR SIC DEVICES 84
6.6 POWER SUPPLIES AND INVERTERS 85
6.6.1 INTEGRATION OF SIC DEVICES INTO POWER SUPPLIES FOR IMPROVED POWER EFFICIENCY TO STIMULATE MARKET GROWTH 85
6.7 LIGHTING CONTROLS 85
6.7.1 IMPLEMENTATION OF SIC TECHNOLOGY TO FABRICATE DURABLE LEDS TO ACCELERATE MARKET GROWTH 85
6.8 INDUSTRIAL MOTOR DRIVE 86
6.8.1 INCREASING USE OF SIC MODULES IN INDUSTRIAL MOTORS TO FUEL MARKET GROWTH 86
6.9 FLAME DETECTORS 86
6.9.1 SURGING DEMAND FOR FLAME DETECTORS FOR HUMAN SAFETY TO FUEL MARKET GROWTH 86
6.10 EV MOTOR DRIVES 86
6.10.1 DEPLOYMENT OF SIC-BASED DEVICES IN EV MOTOR DRIVES TO BOOST MARKET 86
6.11 EV CHARGING SYSTEMS 87
6.11.1 GROWING PRODUCTION OF ELECTRIC VEHICLES TO FUEL SIC MARKET GROWTH 87
6.12 ELECTRONIC COMBAT SYSTEMS 87
6.12.1 CAPABILITY TO OPERATE AT HIGH TEMPERATURES WITH HIGH SWITCHING FREQUENCY PROPELS DEMAND FOR SILICON CARBIDE 87
6.13 WIND TURBINES 87
6.13.1 UTILIZATION OF SIC DEVICES IN WIND TURBINES TO REDUCE ENERGY LOSS AND COST TO FUEL MARKET 87
6.14 SOLAR POWER SYSTEMS 88
6.14.1 RISING DEMAND FOR SIC DEVICES IN SOLAR POWER SYSTEMS TO FUEL MARKET GROWTH 88
6.15 OTHERS 88
7 SILICON CARBIDE MARKET, BY WAFER SIZE 89
7.1 INTRODUCTION 90
TABLE 22 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019-2022 (USD MILLION) 90
TABLE 23 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023-2028 (USD MILLION) 91
TABLE 24 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019-2022 (THOUSAND UNITS) 91
TABLE 25 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023-2028 (THOUSAND UNITS) 91
7.2 UP TO 150 MM 92
7.2.1 HIGH RESISTANCE TO THERMAL SHOCKS TO BOOST NEED FOR 150 MM SIC WAFERS 92
TABLE 26 CHARACTERISTICS OF SIC WAFERS, BY DIAMETER 92
7.3 >150 MM 92
7.3.1 GROWING NEED FOR COMPACT AND MORE EFFICIENT SIC DEVICES TO ACCELERATE USE OF >150 MM WAFERS 92
8 SILICON CARBIDE MARKET, BY DEVICE 93
8.1 INTRODUCTION 94
TABLE 27 SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 94
TABLE 28 SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 94
8.2 SIC DISCRETE DEVICE 95
8.2.1 SIC DIODE 95
8.2.1.1 Increasing adoption of SiC diodes in commercial products to fuel segmental growth 95
8.2.2 SIC MOSFET 96
8.2.2.1 Rising need for SiC MOSFETs in automotive sector to boost segmental growth 96
TABLE 29 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2019-2022 (USD MILLION) 97
TABLE 30 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2023-2028 (USD MILLION) 97
TABLE 31 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 98
TABLE 32 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 98
TABLE 33 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019-2022 (USD MILLION) 99
TABLE 34 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023-2028 (USD MILLION) 99
TABLE 35 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019-2022 (USD MILLION) 99
TABLE 36 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023-2028 (USD MILLION) 100
TABLE 37 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019-2022 (USD MILLION) 100
TABLE 38 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023-2028 (USD MILLION) 100
TABLE 39 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2019-2022 (USD MILLION) 100
TABLE 40 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2023-2028 (USD MILLION) 101
8.3 SIC MODULE 101
8.3.1 INTEGRATION OF SIC POWER DEVICES INTO INDUSTRIAL POWER EQUIPMENT TO DRIVE MARKET 101
TABLE 41 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019-2022 (USD MILLION) 102
TABLE 42 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023-2028 (USD MILLION) 102
TABLE 43 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019-2022 (USD MILLION) 102
TABLE 44 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023-2028 (USD MILLION) 103
TABLE 45 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019-2022 (USD MILLION) 103
TABLE 46 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023-2028 (USD MILLION) 103
TABLE 47 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2019-2022 (USD MILLION) 103
TABLE 48 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2023-2028 (USD MILLION) 104
9 SILICON CARBIDE MARKET, BY END-USE APPLICATION 105
9.1 INTRODUCTION 106
TABLE 49 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019-2022 (USD MILLION) 106
TABLE 50 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023-2028 (USD MILLION) 107
9.2 AUTOMOTIVE 107
9.2.1 RAPID ADOPTION OF ELECTRIC VEHICLES TO PROPEL MARKET 107
TABLE 51 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 108
TABLE 52 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 109
9.3 ENERGY & POWER 109
9.3.1 RENEWABLE POWER GENERATION 109
9.3.1.1 Increasing use of SiC in wind turbines, solar inverters, and EV chargers to boost market 109
TABLE 53 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 110
TABLE 54 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 110
9.4 INDUSTRIAL 111
9.4.1 HIGH STRENGTH, WEAR RESISTANCE, AND THERMAL CONDUCTIVITY FEATURES TO INCREASE SIC DEMAND IN INDUSTRIAL APPLICATIONS 111
TABLE 55 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 111
TABLE 56 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 112
9.5 TRANSPORTATION 112
9.5.1 CHARGING STATIONS 112
9.5.1.1 Rising adoption of SiC devices in charging stations due to their resistance to thermal and electrical stress 112
9.5.2 RAIL 113
9.5.2.1 Growing implementation of SiC for increased safety and efficiency and reduced maintenance requirements 113
TABLE 57 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 113
TABLE 58 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 114
9.6 TELECOMMUNICATIONS 114
9.6.1 RADAR SYSTEMS, RF ELECTRONICS, AND WIRELESS DATA TECHNOLOGY TO BE POTENTIAL APPLICATIONS OF SIC IN TELECOMMUNICATIONS 114
TABLE 59 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 115
TABLE 60 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 116
9.7 OTHERS 116
TABLE 61 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 116
TABLE 62 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 117
10 SILICON CARBIDE MARKET, BY REGION 118
10.1 INTRODUCTION 119
TABLE 63 SILICON CARBIDE MARKET, BY REGION, 2019-2022 (USD MILLION) 120
TABLE 64 SILICON CARBIDE MARKET, BY REGION, 2023-2028 (USD MILLION) 120
10.2 NORTH AMERICA 121
TABLE 65 NORTH AMERICA: SILICON CARBIDE MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 122
TABLE 66 NORTH AMERICA: SILICON CARBIDE MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 122
TABLE 67 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019-2022 (USD MILLION) 122
TABLE 68 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023-2028 (USD MILLION) 123
TABLE 69 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 123
TABLE 70 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 124
10.2.1 US 124
10.2.1.1 Prominent presence of various silicon carbide manufacturers to foster growth 124
TABLE 71 US: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 125
TABLE 72 US: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 125
10.2.2 CANADA 125
10.2.2.1 Government initiatives promoting use of EVs to increase demand for SiC devices 125
TABLE 73 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 125
TABLE 74 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 126
10.2.3 MEXICO 126
10.2.3.1 Growing distribution network of SiC device manufacturers to expedite market growth 126
TABLE 75 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 126
TABLE 76 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 126
10.2.4 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN NORTH AMERICA 127
10.3 EUROPE 127
TABLE 77 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 128
TABLE 78 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 129
TABLE 79 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019-2022 (USD MILLION) 129
TABLE 80 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023-2028 (USD MILLION) 129
TABLE 81 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 130
TABLE 82 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 130
10.3.1 UK 131
10.3.1.1 Presence of top automotive companies to provide opportunities for SiC device manufacturers 131
TABLE 83 UK: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 131
TABLE 84 UK: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 131
10.3.2 GERMANY 132
10.3.2.1 Germany to dominate European silicon carbide market during forecast period 132
TABLE 85 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 132
TABLE 86 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 132
10.3.3 FRANCE 133
10.3.3.1 Adoption of renewable energy to drive market 133
TABLE 87 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 133
TABLE 88 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 133
10.3.4 REST OF EUROPE 133
TABLE 89 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 134
TABLE 90 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 134
10.3.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN EUROPE 134
10.4 ASIA PACIFIC 135
TABLE 91 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 136
TABLE 92 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 137
TABLE 93 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019-2022 (USD MILLION) 137
TABLE 94 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023-2028 (USD MILLION) 137
TABLE 95 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 138
TABLE 96 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 138
10.4.1 CHINA 139
10.4.1.1 Mass production of electric vehicles to foster demand for SiC devices 139
TABLE 97 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 140
TABLE 98 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 140
10.4.2 JAPAN 140
10.4.2.1 Increasing R&D on SiC devices to propel market 140
TABLE 99 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 141
TABLE 100 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 141
10.4.3 SOUTH KOREA 142
10.4.3.1 Large-scale consumer electronics and automobile manufacturing to spur demand for SiC devices 142
TABLE 101 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 142
TABLE 102 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 142
10.4.4 REST OF ASIA PACIFIC 143
TABLE 103 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 143
TABLE 104 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 144
10.4.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN ASIA PACIFIC 144
10.5 REST OF THE WORLD 145
TABLE 105 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 145
TABLE 106 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 145
TABLE 107 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019-2022 (USD MILLION) 145
TABLE 108 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023-2028 (USD MILLION) 146
10.5.1 MIDDLE EAST & AFRICA 146
10.5.1.1 Increasing renewable energy production to induce market growth 146
TABLE 109 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 147
TABLE 110 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 147
10.5.2 SOUTH AMERICA 147
10.5.2.1 Growing telecom industry to lead to increased demand for SiC devices 147
TABLE 111 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019-2022 (USD MILLION) 147
TABLE 112 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023-2028 (USD MILLION) 148
10.5.3 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN REST OF THE WORLD 148
11 COMPETITIVE LANDSCAPE 149
11.1 OVERVIEW 149
11.2 MARKET EVALUATION FRAMEWORK 149
TABLE 113 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SILICON CARBIDE DEVICE PROVIDERS 149
11.2.1 PRODUCT PORTFOLIO 150
11.2.2 REGIONAL FOCUS 150
11.2.3 MANUFACTURING FOOTPRINT 150
11.2.4 ORGANIC/INORGANIC STRATEGIES 150
11.3 MARKET SHARE ANALYSIS, 2022 150
TABLE 114 SILICON CARBIDE MARKET: MARKET SHARE ANALYSIS (2022) 150
11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 151
11.5 COMPANY EVALUATION QUADRANT 152
11.5.1 STARS 152
11.5.2 EMERGING LEADERS 152
11.5.3 PERVASIVE PLAYERS 152
11.5.4 PARTICIPANTS 153
11.6 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 154
TABLE 115 SILICON CARBIDE MARKET: DETAILED LIST OF KEY STARTUPS/SMES 154
TABLE 116 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN SILICON CARBIDE MARKET 154
TABLE 117 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (END-USE APPLICATION FOOTPRINT) 156
TABLE 118 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (DEVICE FOOTPRINT) 156
TABLE 119 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (REGION FOOTPRINT) 157
11.6.1 PROGRESSIVE COMPANIES 157
11.6.2 RESPONSIVE COMPANIES 157
11.6.3 DYNAMIC COMPANIES 157
11.6.4 STARTING BLOCKS 157
11.7 COMPANY FOOTPRINT 159
TABLE 120 COMPANY FOOTPRINT 159
TABLE 121 COMPANY-WISE END-USE APPLICATION FOOTPRINT 160
TABLE 122 COMPANY-WISE VERTICAL FOOTPRINT 161
TABLE 123 COMPANY-WISE REGION FOOTPRINT 162
11.8 COMPETITIVE SCENARIOS AND TRENDS 163
11.8.1 PRODUCT LAUNCHES 163
TABLE 124 PRODUCT LAUNCHES, JANUARY 2020-MARCH 2023 163
11.8.2 DEALS 168
TABLE 125 DEALS, JANUARY 2020-MARCH 2023 168
11.8.3 OTHERS 174
TABLE 126 OTHERS, JANUARY 2020-MARCH 2023 174
12 COMPANY PROFILES 176
12.1 KEY PLAYERS 176
(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. 176
TABLE 127 WOLFSPEED, INC.: COMPANY SNAPSHOT 176
TABLE 128 WOLFSPEED, INC.: PRODUCTS OFFERED 177
TABLE 129 WOLFSPEED, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS 178
TABLE 130 WOLFSPEED, INC.: DEALS 178
12.1.2 STMICROELECTRONICS N.V. 181
TABLE 131 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT 181
TABLE 132 STMICROELECTRONICS N.V.: PRODUCTS OFFERED 182
TABLE 133 STMICROELECTRONICS N.V.: PRODUCT LAUNCHES AND DEVELOPMENTS 183
TABLE 134 STMICROELECTRONICS N.V.: DEALS 184
12.1.3 ON SEMICONDUCTOR CORPORATION 187
TABLE 135 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT 187
TABLE 136 ON SEMICONDUCTOR CORPORATION: PRODUCTS OFFERED 188
TABLE 137 ON SEMICONDUCTOR CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 189
TABLE 138 ON SEMICONDUCTOR CORPORATION: DEALS 189
12.1.4 INFINEON TECHNOLOGIES AG 191
TABLE 139 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT 191
TABLE 140 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED 192
TABLE 141 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES AND DEVELOPMENTS 193
TABLE 142 INFINEON TECHNOLOGIES AG: DEALS 194
12.1.5 ROHM CO., LTD 196
TABLE 143 ROHM CO., LTD.: COMPANY SNAPSHOT 196
TABLE 144 ROHM CO., LTD.: PRODUCTS OFFERED 197
TABLE 145 ROHM CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS 198
TABLE 146 ROHM CO., LTD.: DEALS 198
12.1.6 FUJI ELECTRIC CO., LTD. 201
TABLE 147 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT 201
TABLE 148 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED 202
TABLE 149 FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS 203
TABLE 150 FUJI ELECTRIC CO., LTD.: DEALS 204
12.1.7 TOSHIBA CORPORATION 205
TABLE 151 TOSHIBA CORPORATION: COMPANY SNAPSHOT 205
TABLE 152 TOSHIBA CORPORATION: PRODUCTS OFFERED 206
TABLE 153 TOSHIBA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 207
12.1.8 MICROCHIP TECHNOLOGY INC. 209
TABLE 154 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT 209
TABLE 155 MICROCHIP TECHNOLOGY INC.: PRODUCTS OFFERED 210
TABLE 156 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES AND DEVELOPMENTS 211
TABLE 157 MICROCHIP TECHNOLOGY INC.: DEALS 212
12.1.9 MITSUBISHI ELECTRIC CORPORATION 213
TABLE 158 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 213
TABLE 159 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 214
TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 215
*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.
12.2 OTHER PLAYERS 217
12.2.1 HITACHI LTD. 217
TABLE 161 HITACHI LTD 217
12.2.2 COHERENT CORP. (II-VI INCORPORATED) 218
TABLE 162 COHERENT CORP. 218
12.2.3 SEMIKRON DANFOSS 219
TABLE 163 SEMIKRON DANFOSS 219
12.2.4 QORVO, INC. 219
TABLE 164 QORVO, INC.: COMPANY SNAPSHOT 219
12.2.5 GENESIC SEMICONDUCTOR INC. 220
TABLE 165 GENESIC SEMICONDUCTOR INC. 220
12.2.6 TT ELECTRONICS 221
TABLE 166 TT ELECTRONICS 221
12.2.7 VISHAY INTERTECHNOLOGY, INC. 222
TABLE 167 VISHAY INTERTECHNOLOGY, INC. 222
12.2.8 WEEN SEMICONDUCTORS 223
TABLE 168 WEEN SEMICONDUCTORS 223
12.2.9 SOLITRON DEVICES, INC. 224
TABLE 169 SOLITRON DEVICES, INC. 224
12.3 CHINA-SPECIFIC KEY PLAYERS 225
12.3.1 SANAN INTEGRATED CIRCUIT CO., LTD. 225
TABLE 170 SANAN INTEGRATED CIRCUIT CO., LTD. 225
12.3.2 SHANGHAI HANXIN TECHNOLOGY 225
TABLE 171 SHANGHAI HANXIN TECHNOLOGY 225
12.3.3 CENTURY JINGUANG 226
TABLE 172 CENTURY JINGUANG 226
12.3.4 GLOBAL POWER TECHNOLOGY CO., LTD. (TYCO TIANRUN SEMICONDUCTOR TECHNOLOGY CO., LTD.) 227
TABLE 173 GLOBAL POWER TECHNOLOGY CO., LTD. 227
12.3.5 BYD SEMICONDUCTOR CO., LTD 227
TABLE 174 BYD SEMICONDUCTOR CO., LTD 227
12.3.6 INVENTCHIP TECHNOLOGY CO., LTD 228
TABLE 175 INVENTCHIP TECHNOLOGY CO., LTD 228
12.3.7 CRRC CORPORATION LIMITED 229
TABLE 176 CRRC CORPORATION LIMITED 229
13 APPENDIX 230
13.1 DISCUSSION GUIDE 230
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 233
13.3 CUSTOMIZATION OPTIONS 235
13.4 RELATED REPORTS 235
13.5 AUTHOR DETAILS 236
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