Global Silicon Carbide (Sic) Semiconductor Materials And Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicon Carbide (Sic) Semiconductor Materials And Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Silicon carbide (SiC) is one of the representatives of the third generation of semiconductor materials, and is a compound formed by C and Si elements. Compared with traditional semiconductor material silicon, it has obvious advantages such as high critical breakdown electric field and high electron mobility. It is an excellent semiconductor material for manufacturing high-voltage, high-temperature, and radiation-resistant power semiconductor devices. The third-generation semiconductor material with the highest degree of technology and the most mature technology, compared with the physical properties of silicon materials, the main characteristics include: the critical breakdown electric field strength is nearly 10 times that of silicon materials; the thermal conductivity is high, more than 3 times that of silicon materials; Saturated electrons have a high drift speed, which is twice that of silicon materials; good resistance to radiation and chemical stability; and like silicon materials, a thermal oxidation process can be directly used to grow a silicon dioxide insulating layer on the surface. This report is divided into SiC MOSFET, SiC Diode, SIC Module and SiC SBD according to the types.

Market Overview:

The latest research study on the global Silicon Carbide (Sic) Semiconductor Materials And Devices market finds that the global Silicon Carbide (Sic) Semiconductor Materials And Devices market reached a value of USD 811.17 million in 2022. It’s expected that the market will achieve USD 2283.89 million by 2028, exhibiting a CAGR of 18.83% during the forecast period.

Threat of New Entrants

Profitable industries that yield high returns will attract new firms. New entrants eventually will decrease profitability for other firms in the industry. Unless the entry of new firms can be made more difficult by incumbents, abnormal profitability will fall towards zero (perfect competition), which is the minimum level of profitability required to keep an industry in business.
A company's power is also affected by the force of new entrants into its market. The less time and money it cost for a competitor to enter a company's market and be an effective competitor, the more a company's position may be significantly weakened. An industry with strong barriers to entry is an attractive feature for companies that would prefer to operate in a space with fewer competitors.
Barriers to entry are high. The market is highly concentrated and there are fewer opportunities, and entering the industry requires strong technical capital and capital. Therefore, the threat of new entrants is relatively small.

Bargaining Power of Suppliers

The bargaining power of suppliers is also described as the market of inputs. Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes. If you are making biscuits and there is only one person who sells flour, you have no alternative but to buy it from them. Suppliers may refuse to work with the firm or charge excessively high prices for unique resources.
Because of the small amount of natural silicon carbide, most of it is man-made. The Asia-pacific region, North America and elsewhere, is a major producer of silicon carbide and has many producers. Therefore, the bargaining power of suppliers is medium.

Company Overview:

Infineon Technologies Ag is one of the major players operating in the Silicon Carbide (Sic) Semiconductor Materials And Devices market, holding a share of 28.36% in 2023.

Infineon Technologies Ag

Infineon Technologies AG designs, manufactures, and markets semiconductors. The Company offers products include power semiconductors, microcontrollers, security controllers, radio frequency products, and sensors. Infineon markets its products to the automotive, industrial, communications, and consumer and security electronics sectors.

Cree Incorporated

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency applications. The Company produces its products for indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters, and wireless systems.

Segmentation Overview:

Among different product types, SIC module segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Power Sector segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Silicon Carbide (Sic) Semiconductor Materials And Devices market covered in Chapter 3:

Microsemi Corporation
ROHM Co Ltd
Genesic Semiconductor Inc
STMicroelectronics N.V
Renesas Electronics Corporation
Cree Incorporated
Infineon Technologies Ag
ON Semiconductor
Toshiba Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicon Carbide (Sic) Semiconductor Materials And Devices market from 2018 to 2029 is primarily split into:

SiC MOSFET
SiC diode
SIC module
SiC SBD

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicon Carbide (Sic) Semiconductor Materials And Devices market from 2018 to 2029 covers:

Automotive
Aerospace and Defense
Computers
Consumer Electronics
Industrial
Healthcare
Power Sector
Solar

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)