Silicon Carbide (SiC) Market 2025-2029
The silicon carbide (SiC) market is forecasted to grow by USD 11330.5 million during 2024-2029, accelerating at a CAGR of 37.1% during the forecast period. The report on the silicon carbide (SiC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for SiC fibers in aerospace sector, increasing demand for power electronics, and growing EV automotive industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's silicon carbide (SiC) market is segmented as below:
By Product
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