What is Silicon Carbide Market?
A Silicon Carbide (SiC) is the compound of silicon and carbon. This is also known as Carborundum. Silicon Carbide exhibits advantageous properties such as high strength, oxidation resistance, high thermal conductivity, high-temperature strength, high hardness, superior chemical inertness, wear resistance, low thermal expansion, high elastic modulus, low density, and excellent thermal shock resistance. Moreover, it is widely incorporated into applications in various industries, for instance, automotive aerospace and aviation, electronics and semiconductors, medical and healthcare and military and defense, steel and energy. It also holds demand in LEDs and lightening arrest.
The market study is being classified by Type (Black Silicon Carbide and Green Silicon Carbide), by Application (RF Device & Cellular Base Station, Power Grid Device, Flexible Ac Transmission Systems (Facts), High-Voltage, Direct Current (HVCD), Power Supply and Inverter, Lighting Control, Industrial Motor Drive, Flame Detector, EV Motor Drive, EV Charging, Electronic Combat System, Wind Energy, Solar Energy and Others) and major geographies with country level break-up. According to AMA, the Global Silicon Carbide market is expected to see growth rate of 17.5%
Infineon Technologies AG (Germany), Cree Inc. (Wolfspeed) (United States), Rohm Semiconductor (United States), Stmicroelectronics N.V. (Switzerland), Fuji Electric Co., Ltd. (Japan), On Semiconductor (United States), General Electric (United States), United Silicon Carbide, Inc. (United States), Genesic Semiconductor Inc. (United States) and Renesas Electronics Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Monolith Semiconductor Inc. (United States), Ascatron AB (Sweden), Pilegrowth Tech S.R.L. (Italy), Graphensic AB (Sweden) and Basic 3C, Inc. (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Silicon Carbide market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Silicon Carbide market by Type, Application and Region.
On the basis of geography, the market of Silicon Carbide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The capability of SIC in Semiconductor to Perform at High Temperature and High Voltage & Power
- Robust Demand from Steel Manufacturing and Steel Processing Industry
- Increasing Use of Silicon Carbide (Sic) In Military Applications
Market Trend
- Power Inverters for Electric Vehicles
- Increasing Use of Nano Sic Powders
Restraints
- A High Price of the Silicon Carbide
Opportunities
- Growing Utilization of Power Semiconductor Technology in Renewable Energy Generation
- Success of Electromobility
Challenges
- Defects in Material and Issue Related To the Package
Market Leaders and some development strategies
On 12 November 2018, Infineon Technologies AG acquired Siltectra GmbH, a start-up based in Dresden. The company has developed innovative technology in order to process crystal material efficiently and with negligible loss of material. Infineon will use the Cold Split technology to split silicon carbide (SiC) wafers, thus expanding the number of chips out of one wafer. A purchase cost of 124 million Euros was settled on with the venture capital investor MIG Fonds, the main shareholder.
On 7 Jan 2019, DURHAM, Cree, Inc. has announced a multi-year agreement to produce and supply its Wolfspeed silicon carbide (SiC) wafers to STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement manages the supply of the quarter billion dollars of Cree’s advanced 150 mm silicon carbide bare as well as epitaxial wafers to STMicroelectronics throughout this period of astonishing growth and demand for silicon carbide power devices.
Key Target Audience
Silicon Carbide Companies, Silicon Carbide Traders, Suppliers and distributors, Governments and other regulatory bodies, Technology investors and Research institutes and organizations