Global Silicon Carbide Wafer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicon Carbide Wafer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Silicon Carbide Wafer market finds that the global Silicon Carbide Wafer market reached a value of USD 507.96 million in 2022. It’s expected that the market will achieve USD 1772.77 million by 2028, exhibiting a CAGR of 23.16% during the forecast period.

The COVID-19 pandemic has

In the current economic globalization, the upstream and downstream industrial chains have never been so closely connected. The COVID-19 pandemic around the world has caused a large number of factories to stop production, isolate employees, and block transportation. This will affect the raw material transportation of Silicon Carbide Wafer manufacturing companies. If the supply of raw materials is blocked, the production of Silicon Carbide Wafer will also be affected. Therefore, dealing with the impact of COVID-19 on the global supply chain will become one of the main issues that Silicon Carbide Wafer manufacturers need to deal with. In the short term, it is expected that the price of raw materials produced by Silicon Carbide Wafer will rise, which will put pressure on the cost control of Silicon Carbide Wafer producers.

The COVID-19 pandemic has led to adjustments in the regional distribution of the industry chain.

Disruption of global economic ties caused by the COVID-19 pandemic is very rare in history. After the COVID-19, the Silicon Carbide Wafer industry does not rule out the possibility of shifting the industrial chain in order to ensure the sustainability of business operations. For example, East Asian and Southeast Asian countries have performed well in the response to COVID-19. In addition, they are also one of the main distribution areas of downstream power devices and RF devices industries. There is a high possibility that the Silicon Carbide Wafer industry will gradually transfer the industry chain to East Asia and Southeast Asia after the COVID-19.

The development of wireless infrastructure

According to the application, the global silicon carbide wafer market can be subdivided into power devices, electronics and optoelectronics, and wireless infrastructure. Depending on the type of application, the wireless infrastructure will dominate the market with the characteristics of silicon carbide wafers. For example, high-bandgap devices can control high-temperature power and extremely high thermal conductivity, which allows telecommunications towers to operate normally without any transmission failure. The electronics and optoelectronic industries will grow due to the huge global demand for LED lights and the growing demand for solar equipment. In addition, the demand for electronic accessories, smart phones, etc., all electronic devices will play an important role in the growth of the SIC wafer market. The power equipment market will be driven by the electrification and improvement of global power infrastructure. This factor has promoted the development of the silicon carbide wafer market.

Technology research and development risk

The silicon carbide wafer industry is a technology-intensive industry. The third-generation silicon carbide wafer has a long R&D cycle, high R&D difficulty, and large R&D investment. With the gradual improvement of the technological level, the downstream industries have higher and higher requirements for the performance and size of silicon carbide wafers. If silicon carbide wafer companies cannot continue to maintain sufficient R&D investment, fail to continue to make breakthroughs in key technologies, or new product technical indicators fail to meet expectations, the gap between small silicon carbide wafer companies and leading companies will continue to widen. This factor will have a significant adverse effect on the profitability of silicon carbide wafer companies.

The demand for silicon carbide wafers is strong, but the supply is relatively insufficient

As new energy vehicles, 5G communications, photovoltaic power generation, rail transit, smart grid and other industries increase investment in the application of silicon carbide devices, the global demand for silicon carbide devices continues to grow, and the demand for upstream silicon carbide wafers continues. However, due to the special physical properties of silicon carbide materials, the technology and process requirements for crystal growth, crystal cutting, wafer processing and other links are high. Long-term R&D investment is required to form industrialized production capacity, and the industry threshold is high. Therefore, it is very difficult for newly entered silicon carbide wafer manufacturers to form a large-scale supply capacity in the short term. The shortage of silicon carbide wafers is expected to continue for some time.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (48.77% in 2022).

Company Overview:

Cree is one of the major players operating in the Silicon Carbide Wafer market, holding a share of 55.12% in 2023.

Cree

Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.

II-VI Advanced Materials

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, aerospace & defense, life sciences, semiconductor capital equipment, and consumer markets.

Segmentation Overview:

As for product types, the 4 Inch segment held the largest market share in 2022.

Application Overview:

In the Silicon Carbide Wafer market, 48.12% of the total value was generated through the Power Device segment by application in 2022.

Key Companies in the global Silicon Carbide Wafer market covered in Chapter 3:

SICC
TankeBlue
STMicroelectronics (Norstel)
II-VI Advanced Materials
CETC
Showa Denko
SiCrystal
Cree
Hebei Synlight Crystal
SK Siltron

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicon Carbide Wafer market from 2018 to 2029 is primarily split into:

6 Inch (150 mm)
4 Inch
2 Inch

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicon Carbide Wafer market from 2018 to 2029 covers:

Power Device
RF Devices

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)