Semi-Insulating Silicon Carbide Wafer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Semi-Insulating Silicon Carbide Wafer Market
The semi-insulating silicon carbide wafer market size was valued at USD 367.8 billion in 2021, and the market is now projected to grow from USD 429.3 billion in 2022 to USD 1460.1 billion by 2029, exhibiting a CAGR of 19.1% during the forecast period of 2022-2029.
Pandemic impacted economies, inflicting setbacks for both evolved and underdeveloped nations. The international financial system is facing demanding situations in retaining marketplace size and keeping numerous sectors. Volatility in raw material procurement and go-border alternate regulations have affected semiconductor material sales and supply chains. The lockdown has additionally shaped long-time period opportunities for SiC wafers in consumer electronics and the automotive enterprise.
The demand for SiC wafers is at the rise because of their use in electric powered cars and 5th-generation telecommunication devices. Companies like Wolfspeed are investing closely in manufacturing centers to fulfill this demand. Wolfspeed plans to boom its wafer fabrication ability via up to 30 instances. The complicated and luxurious production system of SiC is causing predominant players to make investments heavily in studies and development to introduce innovative manufacturing tactics and boost up manufacturing, thereby enhancing semi-insulating silicon carbide wafer market growth.
Telecom agencies are specializing in building excessive-velocity 5G networks globally, growing the call for power semiconductors. SK Siltron plans to spend money on SiC-associated facilities in five years to meet this demand. SiC wafers are typically used for 5G networks due to their excessive hardness, warmth resistance, and high voltage capability. The use of GaN on SiC offers advanced thermal conductivity, excessive strength density skills, and low RF losses. Third-generation semiconductors the use of SiC and GaN are characterized by means of excessive-temperature resisitance, extensive electricity gap, and high electricity density, making them best for 5G infrastructure.
Comprehensive Analysis of Semi-Insulating Silicon Carbide Wafer Market
The market is divided into 4 Inch SiC Wafer and 6 Inch SiC Wafer, with 6 Inch SiC Wafer likely to hold a major share due to its excellent heat-resistive properties, high thermal capacity, and efficiency. It is expected to have steady growth due to its insulation material, superior electronic properties, and resistance to corrosion, erosion, and oxidation. The market is divided into Power Device, Electronics & Optoelectronics, and Wireless Infrastructure. The Power Device segment includes semi-insulating silicon carbide wafer, used in power devices, industrial motor vehicles, electric vehicles, and hybrid electric vehicles. The Electronics & Optoelectronics market is expected to show substantial growth due to high demand for FET/MOSFET transistors, battery chargers, and motor control systems. The wireless infrastructure market is also expected to experience significant growth due to the commencement of the 5G network.
The Asia Pacific region lead the semi-insulating silicon carbide wafer market share by benefitting a market size of USD 140.4 billion in 2021 due to robust economic development in international locations like India and China. The adoption of excessive-tech power gadgets and reduced electronics prices has extended intake. India is predicted to expose great boom because of investments inside the iron and metallic industry, 5G infrastructure improvement by means of principal telecom companies, and rising car electrification, which has increased demand for Semi-Insulating Silicon Carbide Wafer.
Key market players, which include Wolfspee, II-VI Incorporated, STMicroelectronics, ROHM, SHOWA DENKO, SICC, SK siltron, TankeBlue, CETC Solar Energy Holdings, and Synlight, have an international presence in areas like Europe, Asia Pacific, North America, and the Middle East and Africa. They are focusing on setting up superior manufacturing facilities and strengthening their R&D departments to accelerate innovations in wafer fabrication. Key companies blanketed inside the listing include Wolfspee, II-VI Incorporated, STMicroelectronics, ROHM, SK siltron, TankeBlue, CETC, and Synlight.
Rhombus Energy Solutions, a EV charging and energy conversion technology company, announced that Wolfspeed is imparting SiC technology to improve the efficiency, power density and faster charging time in their products.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD million)
Segmentation
Type, Application, Region
By Type
4 Inch SiC Wafer
6 Inch SiC Wafer
By Application
Power Device
Electronics & Optoelectronics
Wireless Infrastructure
Others
By Region
North America (By Type, By Application, By Country)
- U.S.
- Canada
- Germany
- U.K.
- France
- Italy
- Rest of Europe
- China
- Japan
- India
- South Korea
- Taiwan
- Southeast Asia
- Australia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- South Africa
- Rest of the Middle East & Africa
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Semi-Insulating Silicon Carbide Wafer Key Players Market Share Insights and Analysis, 2021
- 5. Global Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts, By Segments, 2018-2029
- 5.1. Key Findings
- 5.2. By Type (USD Million)
- 5.2.1. 4 Inch SiC Wafer
- 5.2.2. 6 Inch SiC Wafer
- 5.3. By Application (USD Million)
- 5.3.1. Power Device
- 5.3.2. Electronics & Optoelectronics
- 5.3.3. Wireless Infrastructure
- 5.3.4. Others
- 5.4. By Region (USD Million)
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Middle East & Africa
- 5.4.5. Asia Pacific
- 6. North America Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts, By Segments, 2018-2029
- 6.1. Key Findings
- 6.2. By Type (USD Million)
- 6.2.1. 4 Inch SiC Wafer
- 6.2.2. 6 Inch SiC Wafer
- 6.3. By Application (USD Million)
- 6.3.1. Power Device
- 6.3.2. Electronics & Optoelectronics
- 6.3.3. Wireless Infrastructure
- 6.3.4. Others
- 6.4. By Country (USD Million)
- 6.4.1. United States
- 6.4.2. Canada
- 7. Latin America Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts , By Segments, 2018-2029
- 7.1. Key Findings
- 7.2. By Type (USD Million)
- 7.2.1. 4 Inch SiC Wafer
- 7.2.2. 6 Inch SiC Wafer
- 7.3. By Application (USD Million)
- 7.3.1. Power Device
- 7.3.2. Electronics & Optoelectronics
- 7.3.3. Wireless Infrastructure
- 7.3.4. Others
- 7.4. By Country (USD Million)
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
- 8. Europe Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts , By Segments, 2018-2029
- 8.1. Key Findings
- 8.2. By Type (USD Million)
- 8.2.1. 4 Inch SiC Wafer
- 8.2.2. 6 Inch SiC Wafer
- 8.3. By Application (USD Million)
- 8.3.1. Power Device
- 8.3.2. Electronics & Optoelectronics
- 8.3.3. Wireless Infrastructure
- 8.3.4. Others
- 8.4. By Country (USD Million)
- 8.4.1. Germany
- 8.4.2. U.K.
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Rest of Europe
- 9. Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts , By Segments, 2018-2029
- 9.1. Key Findings
- 9.2. By Type (USD Million)
- 9.2.1. 4 Inch SiC Wafer
- 9.2.2. 6 Inch SiC Wafer
- 9.3. By Application (USD Million)
- 9.3.1. Power Device
- 9.3.2. Electronics & Optoelectronics
- 9.3.3. Wireless Infrastructure
- 9.3.4. Others
- 9.4. By Country (USD Million)
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. Southeast Asia
- 9.4.5. Rest of Asia Pacific
- 10. Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Size Estimates and Forecasts , By Segments, 2018-2029
- 10.1. Key Findings
- 10.2. By Type (USD Million)
- 10.2.1. 4 Inch SiC Wafer
- 10.2.2. 6 Inch SiC Wafer
- 10.3. By Application (USD Million)
- 10.3.1. Power Device
- 10.3.2. Electronics & Optoelectronics
- 10.3.3. Wireless Infrastructure
- 10.3.4. Others
- 10.4. By Country (USD Million)
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East and Africa
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. WOLFSPEED, INC.
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. II-VI Incorporated
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. STMicroelectronics
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. ROHM CO., LTD
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. SHOWA DENKO K.K.
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. SICC Co., Ltd.
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. SK siltron Co. Ltd.
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. TankeBlue CO., LTD.
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. CETC Solar Energy Holdings Co., Ltd.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Synlight
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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