Latest research on Silicon Carbide Wafer Market reports annualized growth of 18.32%

Silicon Carbide Wafer Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Silicon Carbide Wafer Market Study" explored substantial growth in North America and of 18.32%. According to the report, Growing Application of SIC Devices in RF and Cellular Base Station is one of the primary growth factors for the market. Rising Demand for Motor Drives is Lining SIC-Based Devices in Positive Growth Trajectory is also expected to contribute significantly to the Silicon Carbide Wafer market. Overall, Power Device applications of Silicon Carbide Wafer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Use Verticals, such as Energy & Power, is boosting the Silicon Carbide Wafer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Wafer Size, such as 2 Inch, is boosting the Silicon Carbide Wafer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Silicon Carbide Wafer market identified that the demand is rising in many different parts of the world as "Increasing Utilization of Power Semiconductor Technology in Renewable Energy Generation is Creates Opportunities for Market". Furthermore, some recent industry insights like "On 6th August 2019, Cree, Inc.and ON Semiconductor Corporation have announced the execution of a multi-year agreement where the former will produce and supply its Wolfspeed silicon carbide wafers to the later." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Silicon Carbide Wafer market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Silicon Carbide Wafer market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Silicon Carbide Wafer Market Study

Data Triangulation
The overall Silicon Carbide Wafer market size is calculated using market estimation process, the Silicon Carbide Wafer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Silicon Carbide Wafer market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager