Silicon Carbide Wafer Market Scope
Silicon carbide wafer has unique electronic and physical properties. Silicon carbide wafer-based devices have been used for short-wavelength optoelectronic, radiation-resistant, high temperature, applications. The high-power and high-frequency electronic devices made with Silicon carbide are superior to Si and GaAs based devices and this projected the growth of the silicon carbide wafer market in the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | CREE Inc. (Wolfspeed) (United States), STMicroelectronics N.V. (Switzerland), DuPont (United States), General Electric (United States), Infineon Technologies AG (Germany), ROHM Semiconductor (Japan), ON Semiconductor (united States), United Silicon Carbide, Inc. (United States), GeneSiC Semiconductor Inc. (United States), Fuji Electric Co., Ltd. (Japan) and Renesas Electronics Corporation (Japan) |
CAGR | 18.32% |
"According to AMA, the Global Silicon Carbide Wafer market is expected to see growth rate of 18.32% and may see market size of USD812.19 Million by 2027."The Players having a strong hold in the market are CREE Inc. (Wolfspeed), STMicroelectronics N.V., and DuPont. Research Analyst at AMA estimates that Asian and European Players will contribute to the maximum growth of Global Silicon Carbide Wafer market throughout the predicted period.
CREE Inc. (Wolfspeed) (United States), STMicroelectronics N.V. (Switzerland), DuPont (United States), General Electric (United States), Infineon Technologies AG (Germany), ROHM Semiconductor (Japan), ON Semiconductor (united States), United Silicon Carbide, Inc. (United States), GeneSiC Semiconductor Inc. (United States), Fuji Electric Co., Ltd. (Japan) and Renesas Electronics Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MTI Corporation (United States), Poco Graphite, Inc. (United States), Nippon Steel Corporation (Japan), Aymont Technology, Inc. (United States) and TankeBlue (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Silicon Carbide Wafer market by Type , by Application (Power Device, Electronics & Optoelectronics, Wireless Infrastructure, RF Device and Cellular Base Station, Flexible AC Transmission Systems (FACTS), Power Supply and Inverter, Lighting Control, Industrial Motor Drive, Flame Detector, EV Motor Drive, Electronic Combat System, Renewable Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Silicon Carbide Wafer 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). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 2nd December 2019. STMicroelectronics has announced the closing of the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB. STMicroelectronics exercised its option to acquire the remaining 45% stake, following the initial transaction announced in February 2019. The total consideration for the acquisition of Norstel was USD 137.5 million, funded with available cash.
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.
Influencing Trend:
Growing Application of SIC Devices in RF and Cellular Base Station
Market Growth Drivers:
Rising Demand for Motor Drives is Lining SIC-Based Devices in Positive Growth Trajectory and Increasing SIC-Based Devices Facilitates System Size Reduction
Challenges:
SIC Power Devices Packaging is A Major Challenge
Opportunities:
Increasing Utilization of Power Semiconductor Technology in Renewable Energy Generation is Creates Opportunities for Market
Key Target Audience
Silicon Carbide Wafer Manufacturers, Assembly, testing, and packaging vendors, Technology, service, and solution providers, Intellectual property (IP) core and licensing providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other