Silicon Carbide (SiC) market Growing Trade Among Emerging Economies Opening New Opportunities To 2029
Silicon Carbide (SiC) market Projected to Garner USD 2788.56 million Revenue by 2029, and Rise at a CAGR of 15.20% - [350 Pages] Report by Data Bridge Market Research

Global Silicon Carbide (SiC) Market was valued at USD 899.00 million in 2021 and is expected to reach USD 2788.56 million by 2029, registering a CAGR of 15.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

·      According to the Semiconductor Industry Association (SIA), global semiconductor industry sales will reach USD 439.0 billion in 2020, up 6.5 percent from USD 412.3 billion in 2019. Furthermore, global sales in December 2020 totaled USD 39.2 billion, an 8.3 percent increase over December 2019 and 2.0 percent less than the total in November 2020. Because of its properties, such as the ability to work at high temperatures or high voltages, or both, and its small form factor, silicon carbide is widely used in semiconductor manufacturing. Furthermore, global demand for smart consumer electronics is increasing at an exponential rate, creating opportunities for the silicon carbide market to expand. These factors have further increased the overall growth for the market.

COVID-19 Impact on Silicon carbide (SiC) Market

·      The recent outbreak of coronavirus had a significant impact on the silicon carbide (SiC) market. In the midst of COVID-19, the growing implementation of SiC devices in automotive and power device applications, as well as the increasing demand for hybrid and electric vehicles, creates a strong demand for silicon carbide for efficient industrial operations. Key market players are implementing new strategies to mitigate the impact of the Covid-19 pandemic. Mining industries in China resumed normal operations in the third quarter of 2020, with enterprises indicating that workers would return soon. Furthermore, iron ore producers are thought to be the least affected. The steel and iron ore industries have recovered globally, which is expected to lessen the impact of the Covid-19 pandemic on the silicon carbide industry.

Recent Development

·      In June 2021, Cree, Inc. (US) has signed an agreement with Shenzhen Gospower Digital Technology Co., Ltd. (China), a national high-tech enterprise and market leader in power electronics converters. CREE provides Wolfspeed®650 V silicon carbide MOSFETs for next-generation Common Redundant Power Supply (CRPS) solutions under this contract.

·      In January 2020, SK Siltron signed a Memorandum of Understanding (MOU) with Daegu Gyeongbuk Institute of Science and Technology for assistance with parallel computing capabilities in the R&D of'single crystal growth technology.' The MOU is expected to have a positive effect on future R&D activities required to respond to Japan's export restrictions on high-tech materials because the focus is on the provision of advanced supercomputing technology, which is required to develop wafers (silicon substrates) – essential materials for semiconductor production.

Global Silicon carbide (SiC) Market Scope

·      The silicon carbide (SiC) market is segmented on the basis of product, device, wafer size, application, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.


·      Black Silicon Carbide

·      Green Silicon Carbide

·      Device

·      SIC Discrete Devices

·      SIC Bare Die

·      Wafer Size

·      2 Inch

·      4 Inch

·      6-Inch and Above


·      RF Device and Cellular Base Station,

·      Power Grid Device

·      Flexible Ac Transmission Systems

·      High-Voltage

·      Direct Current

·      Power Supply and Inverter

·      Lighting Control

·      Industrial Motor Drive

·      Flame Detector

·      EV Motor Drive

·      EV Charging

·      Electronic Combat System

·      Wind Energy

·      Solar Energy

·      Others


·      Telecommunication

·      Energy and Power

·      Automotive

·      Renewable Power Generation

·      Defense

·      Power Electronics

·      Others

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Silicon carbide (SiC) Market Regional Analysis/Insights

·      The countries covered in the silicon carbide (SiC) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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Competitive Landscape and Silicon carbide (SiC) Market Share Analysis

·      The silicon carbide (SiC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to silicon carbide (SiC) market.

Some of the major players operating in the silicon carbide (SiC) market are

·      Infineon Technologies AG (Germany)

·      Cree, Inc. (U.S.)

·      ROHM Co., Ltd. (Japan)

·      Microsemi (U.S.)

·      STMelectronics (Switzerland)

·      Fuji Electric Co., Ltd.  (Japan)

·      Semiconductor Components Industries, LLC (U.S.) 

·      General Electric (U.S.)

·      Toshiba Corporation (Japan)

·      Renesas Electronics Corporation (Japan)

·      Microchip Technology Inc.,(U.S)

·      Grindwell Norton Limited (India)

·      Dow (U.S.)

·      CUMI (India)

·      Entegris (U.S.)

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