SiC-on-Insulator (SiCOI) Film Market by Substrate Material (Si, Polycrystalline SiC, Others), Wafer Size (100 mm, 150 mm, 200 mm), Technology Route (Smart Cut Technology, Grinding/Polishing/Bonding Technology) and Region - Global Forecast to 2029
[179 Pages Report] The SiC-on-insulator (SiCOI) film market is projected to reach USD 1,134 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% during the forecast period. Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are some of the major factors driving the market growth globally.
SiC-on-Insulator (SiCOI) Film Market Forecast to 2029
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SiC-on-insulator (SiCOI) Film Market Dynamics
Driver: Increasing demand for high-power electronics due to growing adoption of EVs
The demand for high-power electronics is steadily increasing across various industries, driven by factors such as the surged demand for electric vehicles, the expansion of renewable energy infrastructure, and the adoption of automation technologies in industrial processes. For instance, the automotive industry is witnessing a rapid transition towards electric vehicles (EVs), fueled by concerns over environmental sustainability and government regulations aimed at reducing carbon emissions. This shift toward EVs requires advanced power electronics systems capable of efficiently managing high voltages and currents, thus creating a demand for semiconductor materials like SiCOI film.
Restraint: Complexities and high costs associated with fabrication process
The complexities and costs associated with the fabrication process of SiCOI film are significant restraints faced by manufacturers in the semiconductor industry. Fabricating high-quality SiCOI film involves intricate manufacturing techniques such as ion-cutting and layer transferring, which demand precise control over material properties and thickness. Producing high-quality SiCOI film involves intricate manufacturing techniques such as ion-cutting and layer transferring, which require specialized equipment and expertise. Further, the lack of standardized processes and equipment for SiCOI film fabrication complicates its development and increases production costs. Moreover, these processes often require specialized equipment and expertise, leading to higher production costs and longer lead times.
Opportunity: Advancements in power electronics
SiCOI film offers a compelling solution for advancing power electronics, boasting properties such as high electrical conductivity and thermal stability. These attributes address critical challenges current power electronics face, including limitations in power handling and operating frequencies. SiCOI film's potential lies in enabling the development of higher-power devices capable of meeting the demands of applications like renewable energy integration and electric vehicle charging systems. Moreover, its characteristics suggest the possibility of achieving high-frequency operation, leading to more compact and efficient power electronic systems.
Challenge: Lack of advancements in manufacturing processes and quality control measures
Manufacturing SiCOI films with large diameters and consistent quality remains a challenge. While traditional semiconductor materials like silicon have well-established manufacturing processes capable of producing large-diameter wafers with high yields, SiCOI fabrication techniques are still evolving. Furthermore, the lack of process improvements and quality control optimization can increase the manufacturing costs of SiCOI films, making them less price-competitive compared to alternative materials or technologies. This can constrain market penetration and limit the addressable market opportunities for SiCOI technology. Achieving uniformity and reliability across large-scale production runs requires advancements in manufacturing processes and quality control measures.
SiC-on-Insulator (SiCOI) Film Market Ecosystem
Players in the SiC-on-Insulator (SiCOI) Film Market include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US).
Polycrystalline SiC to account for the largest share of the SiC-on-Insulator (SiCOI) film market during the forecast period.
The growth of the polycrystalline SiC (poly-SiC) market is being propelled by the increasing demand for efficient and high-performance power electronics, particularly in the rapidly expanding electric vehicle (EV) and renewable energy sectors. The poly-SiC substrate supports the creation of high-performance devices in power electronics and other sectors requiring robust applications, thereby enhancing the performance and efficiency of SiCOI films. Additionally, the adoption of SiC-based electronics in high-temperature and harsh environment applications increases its allure. SiC has also been touted as instrumental in driving the demand for high-quality poly-SiC substrates. Technological advancements, cost reductions, and the development of a robust supply chain and ecosystem are further fueling the growth of this market segment.
200 mm films to register the largest share during the forecast period.
The 200 mm (8-inch) SiCOI film segment is poised for substantial growth as the demand for SiCOI-based devices increases across various applications, particularly in the automotive and renewable energy sectors. SOITEC is a prominent player in the 200 mm SiC-on-Insulator (SiCOI) film market, enabling high-volume production of SiCOI-based power electronics devices for electric vehicles and renewable energy systems and large-scale manufacturing of SiCOI-based RF and microwave devices for telecommunications and defense applications.
Asia Pacific is expected to register the highest growth during the forecast period.
The Asia Pacific region is witnessing significant growth in the SiCOI film market, underpinned by a combination of government investments, the strategic presence of SiC and SiCOI film manufacturers, and a growing emphasis on advanced semiconductor technologies. Countries such as China, Japan, South Korea, and Taiwan are leading this expansion, each contributing through unique strengths and initiatives. Moreover, the Asia Pacific region's robust electronics manufacturing ecosystem, including automotive, consumer electronics, and renewable energy sectors, is driving the demand for SiCOI films. The push towards electric vehicles (EVs) and the integration of 5G telecommunications technology are particularly noteworthy, as they require high-performance semiconductors that SiCOI films can provide
SiC-on-Insulator (SiCOI) Film Market by Region
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Key Market Players
Players in the SiC-on-Insulator (SiCOI) Film companies include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Market size available for years |
2020–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million) |
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Segments Covered |
By Substrate Material, By Wafer Size, and By Technology route |
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Geographies covered |
North America, Europe, and Asia Pacific |
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Companies covered |
The players in the SiC-on-Insulator (SiCOI) film market include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US). |
SiC-on-Insulator (SiCOI) Film Market Highlights
The study segments the SiC-on-Insualtor (SiCOI) film market based on substrate material, wafer size, technology route at global levels.
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Segment |
Subsegment |
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By Substrate Material |
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By Wafer Size |
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By Technology Route |
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Recent Development
- In September 2023, SOITEC expanded its SiC product range with the release of its first 200 mm SmartSiC-engineered substrate. Developed using SOITEC's patented SmartSiC technology, these SiC substrates enhanced the performance of power electronics devices and increased energy efficiency in electric vehicles.
Frequently Asked Questions (FAQs):
What is the current size of the global SiC-on-Insulator (SiCOI) film market?
The SiC-on-insulator (SOI) film market is projected to reach USD 1,143 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% from 2024 to 2029. The growth is driven by increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are the major driving factor for the SiC-on-insulator (SOI) film market growth.
Who are the winners in the global SiC-on-Insulator (SiCOI) film market?
Companies such as SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), MTI Corporation (US).
Which region is expected to hold the largest market share?
Asia Pacific is expected to register the largest market share in the SiC-on-Insulator (SiCOI) film market, underpinned by a combination of government investments, the strategic presence of SiC and SiO2 film manufacturers, and a growing emphasis on advanced semiconductor technologies. Governments across the region are heavily investing in the semiconductor industry to bolster technological advancements and competitiveness on the global stage. Furthermore, the Asia Pacific region's robust electronics manufacturing ecosystem, including automotive, consumer electronics, and renewable energy sectors, is driving the demand for SiCOI films.
What are the major drivers and opportunities related to the SiC-on-Insulator (SiCOI) film market?
Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, advancements in power electronics and the need for high-power substrates in quantum photonics and sensing technologies are major drivers and opportunities driving the market growth.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the SiC-on-Insulator (SiCOI) film market.
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The research study involved four major activities in estimating the size of the SiC-on-Insulator (SiCOI) film market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources were referred to to identify and collect information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.
In the SiC-on-Insulator (SiCOI) film report, the top-down as well as bottom-up approaches have been used for the estimation of the global market size, along with several other dependent submarkets. The major players in the market were identified with the help of extensive secondary research and their presence in the market was determined using secondary and primary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
In primary research, various sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the SiC-on-Insulator (SiCOI) film market ecosystem.
Extensive primary research has been conducted after analyzing the SiC-on-Insulator (SiCOI) film market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from demand and supply side vendors across three regions: North America, Europe, and Asia Pacific. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect the data.
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Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches along with data triangulation methods have been used to estimate and validate the size of the SiC-on-Insulator (SiCOI) film market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
- Identifying different stakeholders in the SiC-on-Insulator (SiCOI) film market that influence the entire market, along with participants across the value chain.
- Analyzing major manufacturers of SiC-on-Insulator (SiCOI) film and studying their product portfolios
- Analyzing trends related to the adoption of SiC-on-Insulator (SiCOI) films.
- Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, collaborations, acquisitions, agreements, contracts, cooperations, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
- Carrying out multiple discussions with key opinion leaders to identify the adoption trends of S SiC-on-Insulator (SiCOI) films.
- Segmenting the overall market into various other market segments
- Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-down Approach
Data Triangulation
After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall SiC-on-Insulator (SiCOI) market has been divided into several segments and subsegments. The data triangulation and market breakdown procedures have been used to complete the overall market engineering process and arrive at the exact statistics for all segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.
Market Definition
The SiC-on-Insulator (SiCOI) film market encompasses the commercialization of SiC-based semiconductor materials that are fabricated on insulating substrates. This combination of SiC's unique properties with the benefits of an insulating layer results in films with superior electrical, thermal, and power handling capabilities, making them well-suited for a wide range of applications. These SiCOI films find extensive use in power electronics, radio frequency (RF) and microwave devices, optoelectronics, and high-temperature electronics. They cater to industries such as electric vehicles, renewable energy, communications, and industrial automation. The growing demand for energy-efficient, high-performance, and reliable power electronics, coupled with the increasing adoption of wide-bandgap semiconductor technologies, is driving the global SiC-on-Insulator (SiCOI) film market.
Key Stakeholders
- Raw material suppliers
- Design tool and fabrication equipment vendors
- SiC wafer manufacturers
- Wafer equipment manufacturers
- Integrated device manufacturers (IDMs)
- Pure-play foundry vendors
- Non-pure-play (IDM) foundry vendors
- Electronic design automation (EDA) vendors
- Fabrication players
- Semiconductor intellectual property vendors
- Original device manufacturers (ODMs) (discrete and chip manufacturers)
- Original equipment manufacturers (OEMs) (electronic equipment manufacturers)
- Assembly, testing, and packaging vendors
- Distributors and Resellers
- End users
The main objectives of this study are as follows:
- To define, analyze, and forecast the SiC-on-Insulator (SiCOI) film market size, by substrate material, wafer size, technology route, and region, in terms of value.
- To estimate the market size for various segments with respect to three main regions, namely, North America, Europe, and Asia Pacific.
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the SiC-on-Insulator (SiCOI) film market
- To study the complete supply chain and related industry segments for the SiC-on-Insulator (SiCOI) film market
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the supply chain, market ecosystem; trends/disruptions impacting customer’s business; technology analysis; Porter’s five forces model; trade analysis; patent analysis; key conferences & events; and regulations related to the SiC-on-Insulator (SiCOI) film market.
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market.
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders.
- To analyze competitive developments such as product launches, partnerships, agreements, collaborations, contracts, acquisitions, cooperations, expansions, and research & development (R&D) activities carried out by players in the SiC-on-Insulator (SiCOI) film market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Country-wise breakdown for North America, Europe, and Asia Pacific
Growth opportunities and latent adjacency in SiC-on-Insulator (SiCOI) Film Market