SiC-on-Insulator Film Market by Substrate Material (Polycrystalline SiC, Silicon), End-use (Aerospace & Defense, Automotive, Electronics) - Global Forecast 2024-2030

SiC-on-Insulator Film Market by Substrate Material (Polycrystalline SiC, Silicon), End-use (Aerospace & Defense, Automotive, Electronics) - Global Forecast 2024-2030

The SiC-on-Insulator Film Market size was estimated at USD 135.60 million in 2023 and expected to reach USD 183.43 million in 2024, at a CAGR 38.18% to reach USD 1,304.88 million by 2030.

SiC-on-Insulator film is a specialized material structure used primarily in the electronics industry. It consists of a thin silicon carbide (SiC) layer laid on top of an insulating material, typically silicon dioxide. Silicon carbide is known for its robust thermal and electronic properties, making it suitable for high-performance electronic applications, such as in semiconductors that operate under high temperature or high voltage conditions. The insulator layer, on the other hand, provides electrical isolation, which is crucial for enhancing the performance of electronic circuits by preventing unwanted current flow. The growing demand for more efficient power conversion systems in industries such as automotive, renewable energy, and data centers drives demand for SiC-based components. However, SiC materials and processing are generally more expensive than traditional silicon, which could limit its adoption to only high-performance applications. Integration of SiC with other standard electronic materials and processes presents technical challenges that require innovative engineering solutions. Furthermore, ongoing research in semiconductor materials and the development of advanced fabrication techniques have enhanced the performance and reliability of SiC devices.

Regional Insights

The SiC-on-Insulator film market in the American region is driven by advanced technological infrastructure and high demand for electronics, renewable energy solutions, and high-performance computing systems. The Americas has a robust research environment and is home to many major semiconductor companies investing heavily in SiC technologies. Several innovations focused on enhancements in SiC films, showcasing ongoing development in this sector. The need for SiC-on-Insulator films is primarily driven by investments in solar energy projects and modernizing infrastructure. While the technological ecosystem is still developing, several Gulf states are rapidly investing in technology sectors to diversify away from oil-based economies. China, Japan, and India are prominent players in the SiC-on-Insulator Film market within the Asia Pacific region. This region is experiencing significant growth in demand due to rapid industrialization, with a strong focus on adopting newer technologies in sectors such as the electronics and automotive industries. In China, there is a major drive towards electric vehicles (EVs) and renewable energy, which heavily utilizes silicon carbide (SiC) technology for better efficiency and performance. India, currently witnessing an expanding electronics market and governmental thrust towards solar power and sustainable technologies, is becoming an emerging market.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the SiC-on-Insulator Film Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for power-efficient and high-performance electronics across various industries
• Growing adoption of electric vehicles across the globe
• Rising investments in semiconductor designs and advanced substrate technologies

Market Restraints

• High cost associated with the SiC materials and processing technologies

Market Opportunities

• Advancements in semiconductor materials and the development of advanced fabrication techniques
• Expansion of renewable energy infrastructure in developing economies

Market Challenges

• Technical limitations and integration complexities associated with SiC-on-insulator film

Market Segmentation Analysis

• Substrate Material: Growing preference for silicon substrates due to its high performance and scalability
• End-use: Increasing shift towards the use of electric vehicle boost the demand of SiC-on-insulator film

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the SiC-on-Insulator Film Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the SiC-on-Insulator Film Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ROHM Group Enhances SiC Power Device Production with Strategic Acquisition

ROHM has concluded the purchase of assets from Solar Frontier's Kunitomi Plant in Japan as of November 7, 2023, following initial agreements. This facility, under the management of LAPIS Semiconductor (a ROHM subsidiary), rebranded as Miyazaki Plant No.2. Scheduled to become operational in 2024, this plant is set to serve as the pivotal manufacturing hub for SiC power devices, aligning with ROHM's enhanced production strategy outlined in their Medium-Term Management Plan.

GlobiTech Advances into the Silicon Carbide Market with AIXTRON Technology

GlobiTech has strategically chosen AIXTRON's advanced technology to expand into the silicon carbide (SiC) market, underscoring its commitment to addressing the emerging demand for better-performing electronic devices. AIXTRON supplies GlobiTech with its cutting-edge Planetary Reactor technology, specifically the AIX G5 WW C system, which is renowned for its capability to manufacture high-quality SiC-on-insulator (SiCOI) films. This collaboration marks a pivotal step in bridging the current supply gaps in the SiC market and propels GlobiTech into a leading role in the semiconductor industry.

University of Arkansas Advances in Semiconductor Technology with Key Equipment Acquisition

The University of Arkansas has significantly enhanced its capacity for pioneering research in the semiconductor sector through the strategic acquisition of a state-of-the-art tool essential for the fabrication of silicon carbide (SiC) chips. This advanced equipment, primarily used in creating SiC-on-insulator films, is vital for the development of more efficient electronic devices. By integrating this technology, the university aims to foster innovation in power electronics, potentially leading to improvements in electric vehicles and renewable energy systems.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the SiC-on-Insulator Film Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the SiC-on-Insulator Film Market, highlighting leading vendors and their innovative profiles. These include Beijing Qinghe Jingyuan Semiconductor Technology Co., Ltd., Ceramicforum Co., Ltd., Coherent Corp., GlobalWafers by Sino-American Silicon Products Inc., Hebei Synlight Semiconductor Co.,Ltd., Hitachi Energy Ltd., Homray Material Technology, MTI Corporation, NGK Insulators, Ltd., Precision Micro-Optics Inc., ROHM Co., Ltd., SICC Co.,Ltd., SICOXS Corporation by Sumitomo Metal Mining Co., Ltd., Soitec, TankeBlue Co,. Ltd., Wolfspeed, Inc., and Xiamen Powerway Advanced Material Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the SiC-on-Insulator Film Market to forecast the revenues and analyze trends in each of the following sub-markets:

Substrate Material

Polycrystalline SiC

Silicon

End-use

Aerospace & Defense

Automotive

Electronics

Energy

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

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