SiC Wafers Market Scope
SiC wafers refer to silicon carbide wafers, which are a key component in the production of power electronics devices. SiC wafers offer several advantages over traditional silicon wafers, including higher thermal conductivity, higher breakdown voltage, and better performance at high temperatures. These properties make SiC wafers particularly suitable for applications in power electronics, such as electric vehicles, renewable energy systems, and industrial motor drives. The high-power and high-frequency electronic devices made with Silicon carbide are superior to Si and GaAs based devices and this projected the growth of the silicon carbide wafer market in the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Silicon Valley Microelectronics, Inc. (United States), Otto Chemie Pvt. Ltd (India), Wolfspeed Inc. (United States), MSE Supplies LLC (United States), STMicroelectronics (Switzerland), II-VI Incorporated (United States), Shin-Etsu Chemical Co. Ltd (Japan), SK Siltron Co. Ltd (South Korea), SiCrystal GmbH (Germany) and TankeBlue Co. Ltd (China)|
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global SiC Wafers market throughout the predicted period.
Silicon Valley Microelectronics, Inc. (United States), Otto Chemie Pvt. Ltd (India), Wolfspeed Inc. (United States), MSE Supplies LLC (United States), STMicroelectronics (Switzerland), II-VI Incorporated (United States), Shin-Etsu Chemical Co. Ltd (Japan), SK Siltron Co. Ltd (South Korea), SiCrystal GmbH (Germany) and TankeBlue Co. Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SICC Co., Ltd (South Korea) and Toshiba Electronic Devices & Storage Corporation (Japan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global SiC Wafers market by Type , by Application (Power Electronics, Wireless Communication, Medical Devices, High Frequency Power Devices and Others) and Region with country level break-up.
On the basis of geography, the market of SiC Wafers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesOn 2nd December 2019. STMicroelectronics has announced the closing of the full acquisition of Swedish silicon carbide wafer manufacturer Norstel AB. STMicroelectronics exercised its option to acquire the remaining 45% stake, following the initial transaction announced in February 2019. The total consideration for the acquisition of Norstel was USD 137.5 million, funded with available cash.
On 6th August 2019, Cree, Inc.and ON Semiconductor Corporation have announced the execution of a multi-year agreement where the former will produce and supply its Wolfspeed silicon carbide wafers to the later.
Influencing Trend:Growing Investment in SiC Manufacturing and Growing Application of SIC Devices in RF and Cellular Base Station
Market Growth Drivers:Increasing Demand for Electric Vehicles and Rising demand for compact and lightweight power electronics devices
Challenges:Integrating SiC wafers into existing power electronics designs can be challenging
Restraints:High Manufacturing Costs and Limited Availability and Capacity
Opportunities:Emerging Applications of SiC wafers such as such as 5G infrastructure and data centers
Key Target AudienceSilicon Carbide Wafer Manufacturers, Assembly, testing, and packaging vendors, Technology, service, and solution providers, Intellectual property (IP) core and licensing providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other