Silicon Carbide Market

Silicon Carbide Market by Device (SiC Discrete Device and Bare Die), Wafer Size (4 Inch, 6 Inch and Above, and 2 Inch), Application (Power Supplies and Inverters and Industrial Motor Drives), Vertical, and Region - Global Forecast to 2025

Report Code: SE 2556 Feb, 2020, by marketsandmarkets.com

[144 Pages Report] The global silicon carbide market size is estimated to grow from USD 749 million in 2020 to USD 1,812 million by 2025 at a CAGR of 19.3%. The key factors fueling the growth of this market are the growing demand for SiC devices in the power electronics industry and smaller devices that are facilitated due to the utilization of SiC-based devices.

Silicon carbide market

The silicon carbide bare die segment is expected to grow at a higher CAGR during the forecast period

The market demand for SiC bare die is expected to grow at a higher CAGR during the forecast period. The growth is attributed to the increasing adoption of bare dies as they offer several benefits such as compact size, improved electrical performance, and power management, and assembled to gain high reliability.

The silicon carbide market for 4 Inch accounted for the largest share of market in 2019

The demand for 4 inch accounted for the largest share of the silicon carbide market in 2019. The growth is attributed to the increasing adoption of 4-inch silicon carbide wafers in numerous devices such as optoelectronics devices, high power devices, high-temperature devices, and high-frequency power devices.

The market for EV motor drives application is expected to grow at the highest CAGR during the forecast period

The demand for EV motor drives application is expected to grow at the highest CAGR during the forecast period. The silicon carbide-based semiconductor devices can be implemented in industrial and commercial motor drives, electro-mechanical computing systems, and high-temperature sensors. Thus, the increasing demand for silicon carbide-based semiconductor devices is expected to fuel the growth of the EV motor drives application at the highest CAGR.

The power electronics sector dominated the silicon carbide market in 2019

In 2019, the power electronics vertical dominated the silicon carbide industry, and the trend is anticipated to continue during the forecast period. The dominance is due to the capability of SiC to reduce energy loss and increase life as well as the efficiency of power devices. Moreover, to satisfy various demands such as charge-time, performance, and range of the electrical vehicle (EV) manufacturers and customers, power electronic devices operating efficiently and effectively at higher temperatures are essential.

Silicon carbide market

APAC held the major share of the global silicon carbide market in 2019

In 2019, APAC held the largest market share of the global silicon carbide industry. Dominance is due to the increasing sales of electric and hybrid electric vehicles in China, Japan, South Korea, and India. For instance, South Korea was the fifth-largest country in the world in terms of electric vehicle sales in 2018. Moreover, initiatives taken by several governments in APAC to promote the use of these vehicles are expected to drive the market growth further.

Key Market Players

Infineon Technologies AG (Munich, Germany), CREE, INC. (North Carolina, US), ROHM Co., Ltd. (Kyoto, Japan), STMicroelectronics N.V. (Geneva, Switzerland), and Fuji Electric Co., Ltd. (Tokyo, Japan) are a few major companies operating in the silicon carbide market. These companies have adopted both organic and inorganic growth strategies such as product launches and developments, expansions, partnerships, agreements, contracts, collaborations, and acquisitions to strengthen their position in the market.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast unit

Value (USD thousand/million)

Segments covered

Device, wafer size, application, vertical, and region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Infineon Technologies AG (Munich, Germany), CREE, INC. (North Carolina, US), ROHM Co., Ltd. (Kyoto, Japan), STMicroelectronics N.V. (Geneva, Switzerland), Fuji Electric Co., Ltd. (Tokyo, Japan), ON Semiconductor Corporation (Arizona, US), General Electric (Massachusetts, US), Renesas Electronics Corporation (Tokyo, Japan), UnitedSiC (New Jersey, US), GeneSiC Semiconductor Inc. (Virginia, US), Ascatron (Stockholm, Sweden), SEMIKRON (Nuremberg, Germany), Microchip Technology Incorporated (Arizona, US), Toshiba Corporation (Tokyo, Japan), and Powerex Inc. (Pennsylvania, US)

This report categorizes the global silicon carbide market based on device, wafer size, application, vertical, and region.

By Device

  • SIC Discrete Device
    • SIC Diode
    • SIC MOSFET
    • SIC Module
  • SIC Bare Die

By Wafer Size

  • 2 Inch
  • 4 Inch
  • 6 Inch and Above

By Application

  • Power Grid Devices
  • Flexible AC Transmission Systems (FACTs)
  • High-Voltage, Direct Current Systems (HVCDs)
  • Power Supplies and Inverters
  • RF Devices & Cellular Base Stations
  • Lighting Control Systems
  • Industrial Motor Drives
  • Flame Detectors
  • EV Motor Drives
  • EV Charging Stations
  • Electronic Combat Systems
  • Wind Turbine
  • Solar Power Systems
  • Others

By Vertical:

  • Energy & Power
  • Automotive
  • Renewable Power Generation
  • Defense
  • Power Electronics
  • Telecommunication
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the market?
  • What are the opportunities for the existing players, and for those who are planning to enter various stages of the silicon carbide value chain?
  • How the adoption of inorganic growth strategies, such as acquisitions and partnerships, will have a positive impact on the growth of the market? Which players are likely to adopt these strategies in the near future to create a position or increase share in this market?
  • What are the emerging applications of silicon carbide devices?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Market Definition & Scope
           1.2.1 Inclusions and Exclusions
    1.3 Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis(Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities in Silicon Carbide Market
    4.2 Market, By Device and Application
    4.3 Market, By Country
    4.4 Market, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for SiC Devices in Power Electronics Industry
                    5.2.1.2 SiC-Based Devices Facilitate Size-Reduction
                    5.2.1.3 Increasing Government, Private Organizations, Research Institutes, and Industry Players Investments to Increase SiC Production
           5.2.2 Restraints
                    5.2.2.1 High Material and Fabrication Cost
           5.2.3 Opportunities
                    5.2.3.1 Rising Demand for Electric Vehicle (EV) Motors
                    5.2.3.2 Growing Demand From Automotive and Power Devices Industries
           5.2.4 Challenges
                    5.2.4.1 SiC Power Devices Material Defects, Designing, and Packaging Issues
    5.3 Value Chain Analysis

6 Silicon Carbide Market, By Device (Page No. - 41)
    6.1 Introduction
    6.2 SiC Discrete Device
           6.2.1 SiC Diode
                    6.2.1.1 High Adoption of SiC Diode in Commercial Products Accelerates Market Growth
           6.2.2 SIC MOSFET
                    6.2.2.1 High Adoption of SIC MOSFET in Automotive Vertical Accelerates Market Growth
           6.2.3 SiC Module
                    6.2.3.1 High Adoption of SiC Modules in High-Frequency Operations Accelerates Market Growth
    6.3 SiC Bare Die

7 Silicon Carbide Market, By Wafer Size (Page No. - 51)
    7.1 Introduction
    7.2 2 Inch
           7.2.1 2-Inch Silicon Carbide Wafers are Used in Low-Power Semiconductor Devices
    7.3 4 Inch
           7.3.1 Market for 4-Inch Silicon Carbide Wafers Held Largest Share in 2019
    7.4 6 Inch and Above
           7.4.1 Market for 6-Inch and Above Silicon Carbide Wafers to Grow at the Highest CAGR During Forecast Period

8 Silicon Carbide Market, By Application (Page No. - 55)
    8.1 Introduction
    8.2 Power Grid Devices
           8.2.1 Deployment of SiC Devices to Improve Distribution and Efficient Usage of Electric Power Spur Growth of Market
    8.3 Flexible AC Transmission Systems (FACTs)
           8.3.1 Utilizing Silicon Carbide in FACTs to Reduce Power Losses Propels Market Growth
    8.4 High-Voltage Direct Current Systems (HVCD)
           8.4.1 Increasing Deployment of HVDC Systems to Ensure Efficiency of Power Transmission Spurs Growth of Market
    8.5 Power Supplies and Inverters
           8.5.1 Deployment of SiC Devices in Ups and Inverters to Improve Power Efficiency Fostering Growth of Market
    8.6 RF Devices & Cellular Base Stations
           8.6.1 Increasing Number of Mobile Users and Functions Increases Number of Cellular Base Stations and RF Devices
    8.7 Lighting Control Systems
           8.7.1 Silicon Carbide is Reliable Semiconductor Material for Developing Durable Led
    8.8 Industrial Motor Drives
           8.8.1 Use of SiC Modules in Industrial Motors That Find Applications in Food and Chemical Processing Plants Boost Market Growth
    8.9 Flame Detectors
           8.9.1 Human Safety Increases Demand for Flame Detectors Fuel Growth of Market
    8.10 EV Motor Drives
           8.10.1 Replacament of Si-Based Devices By SiC-Based Semiconductor Devices to Drive Market Growth
    8.11 EV Charging Stations
           8.11.1 Increase in Number of Electric Vehicle Increases the Establishment of EV Charging Stations
    8.12 Electronic Combat Systems
           8.12.1 Capability to Operate at High Temperature With High Switching Frequency Increases use of Silicon Carbide
    8.13 Wind Turbines
           8.13.1 Deployment of SiC Devices to Reduce Energy Losses and Cost is Expected to Boost Market
    8.14 Solar Power Systems
           8.14.1 Increase in use of SiC Devices in Solar Power Systems is Propelling Market Growth
    8.15 Others
           8.15.1 Silicon Carbide is Widely Adopted in Astronomical, Nuclear, and Pyrometer Applications Owing to Superior Properties

9 Silicon Carbide Market, By Vertical (Page No. - 72)
    9.1 Introduction
    9.2 Energy & Power
           9.2.1 Growing Demand for Less Power Wastage Devices in Energy & Power Segment is Supporting Market Growth
    9.3 Automotive
           9.3.1 Electric Vehicles and Hybrid Electric Vehicles (HEVs) are Among Major Growth Segments
    9.4 Renewable Power Generation
           9.4.1 Increasing Number of Solar Power Plants Worldwide to Augment Demand for Silicon Carbide
    9.5 Defense
           9.5.1 Ruggedness and Ability to Operate in Harsh Environment Increases Demand for SiC Devices in Defense Sector
    9.6 Power Electronics
           9.6.1 Increasing Importance on Reducing Cost and Size and Increasing Efficiency to Fuel Market
    9.7 Telecommunication
           9.7.1 Rise in Deployment of SiC Power Devices in Telecommunication Sector to Improve Communication Infrastructure Performance
    9.8 Others
           9.8.1 Growing Need to Achieve Power- and Mass-Related Benefits in Different Projects Accelerates Growth of Market

10 Different Types of Silicon Carbide Crystal Structures (Page No. - 78)
     10.1 Introduction
     10.2 Zinc Blende (3C-SiC)
     10.3 Wurtzite (4H-SiC)
     10.4 Wurtzite (6H-SiC)
     10.5 Rhombohedral (15R-SiC)

11 Geographic Analysis (Page No. - 79)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                       11.2.1.1 Presence of Key Players and Increase in Production and Sale of Electric Vehicles to Boost Market Growth in US
             11.2.2 Canada
                       11.2.2.1 Development of New Electric and Hybrid Electric Vehicles and Their Charging Stations is Expected to Drive Canadian Market Growth
             11.2.3 Mexico
                       11.2.3.1 Increased Industrial & Manufacturing Facilities and Wide Distribution Network in Mexico to Propel Market Growth
     11.3 Europe
             11.3.1 UK
                       11.3.1.1 Increasing use of Silicon Carbide for Wind Turbines Application Contributed to Growth of Market
             11.3.2 Germany
                       11.3.2.1 Market for Silicon Carbide in Germany to Grow at Highest CAGR During Forecast Period
             11.3.3 Italy
                       11.3.3.1 Efforts of Universities and Manufacturers in Italy Led to Growth of Market During Forecast Period
             11.3.4 Rest of Europe
                       11.3.4.1 Emerging Economy, Increasing Infrastructure Facilities, and Funding Contributes to Growth of Market in Rest of Europe
     11.4 APAC
             11.4.1 China
                       11.4.1.1 Mass Production of Electric Vehicles Lead China to Dominate Market During Forecast Period
             11.4.2 Japan
                       11.4.2.1 Presence of Major Key Players and Ongoing HVDC Projects to Increase Demand for Silicon Carbide in Japan
             11.4.3 South Korea
                       11.4.3.1 Focus on Development of Electric Vehicles in South Korea to Accelerate Demand for Silicon Carbide
             11.4.4 Rest of APAC
                       11.4.4.1 Economic Growth and Favorable Market Conditions Fueling Growth of Market in Rest of APAC
     11.5 RoW
             11.5.1 Middle East & Africa
                       11.5.1.1 Ongoing Investments in Defense Industry and Presence of Solar Plants in Region Support Growth of Market
             11.5.2 South America
                       11.5.2.1 Large Number of Wind Farms in Region Would Fuel South American Market Growth

12 Competitive Landscape (Page No. - 98)
     12.1 Introduction
     12.2 Market Ranking Analysis of Players in Silicon Carbide Market, 2019
     12.3 Competitive Leadership Mapping
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Competitive Scenario
             12.4.1 Product Launches and Developments
             12.4.2 Expansions
             12.4.3 Partnerships, Agreements, Collaborations, and Contracts
             12.4.4 Acquisitions

13 Company Profiles (Page No. - 106)
     13.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.2 Key Players
             13.2.1 Infineon Technologies AG
             13.2.2 CREE, Inc.
             13.2.3 ROHM Co., Ltd.
             13.2.4 STMicroelectronics N.V.
             13.2.5 Fuji Electric Co., Ltd.
             13.2.6 ON Semiconductor
             13.2.7 General Electric Company
             13.2.8 Toshiba Corporation
             13.2.9 Renesas Electronics Corporation
             13.2.10 Microchip Technology Incorporated
             13.2.11 UnitedSiC
             13.2.12 SEMIKRON
             13.2.13 Ascatron
             13.2.14 GeneSiC Semiconductor Inc.
             13.2.15 Powerex Inc.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 137)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (67 Tables)

Table 1 Silicon Carbide Market, By Device, 2017–2025 (USD Million)
Table 2 Market, By Device, 2017–2025 (Million Units)
Table 3 Market for SiC Discrete Device, By Type, 2017–2025 (USD Million)
Table 4 Market for SiC Discrete Device, By Type, 2017–2025 (Million Units)
Table 5 Market for SiC Discrete Device, By Region, 2017–2025 (USD Million)
Table 6 Market for SiC Discrete Device, By Application, 2017–2025 (USD Million)
Table 7 Market for SiC Diode, By Region, 2017–2025 (USD Million)
Table 8 Market for SiC Diode, By Application, 2017–2025 (USD Million)
Table 9 Market for SIC MOSFET, By Region, 2017–2025 (USD Million)
Table 10 Market for SIC MOSFET, By Application, 2017–2025 (USD Million)
Table 11 Market for SiC Module, By Region, 2017–2025 (USD Million)
Table 12 Market for SiC Module, By Application, 2017–2025 (USD Thousand)
Table 13 Market for SiC Bare Die, By Type, 2017–2025 (USD Million)
Table 14 Market for SiC Bare Die, By Type, 2017–2025 (Million Units)
Table 15 Market, By Wafer Size, 2017–2025 (USD Million)
Table 16 Market, By Wafer Size, 2017–2025 (Thousand Units)
Table 17 Market, By Wafer Size, 2017–2025 (Thousand Square Inch)
Table 18 Silicon Carbide Wafer Market, By SiC Device (SiC Diode and SIC MOSFET), 2017–2025 (USD Million)
Table 19 Silicon Carbide Wafer Market, By SiC Device (SiC Diode and SIC MOSFET), 2017–2025 (Thousand Units)
Table 20 Silicon Carbide Wafer Market, By SiC Device (SiC Diode and SIC MOSFET), 2017–2025 (Thousand Square Inch)
Table 21 Market, By Application, 2017–2025 (USD Million)
Table 22 Market for Power Grid Devices, By Region, 2017–2025 (USD Million)
Table 23 Market for Power Grid Devices, By SiC Discrete Device, 2017–2025 (USD Million)
Table 24 Silicon Carbide Market for Flexible AC Transmission Systems (FACTs), By Region, 2017–2025 (USD Million)
Table 25 Market for Flexible AC Transmission Systems (FACTs), By SiC Discrete Device, 2017–2025 (USD Million)
Table 26 Market for High-Voltage Direct Current Systems (HVDC), By Region, 2017–2025 (USD Million)
Table 27 Market for High-Voltage Direct Current Systems (HVDC), By SiC Discrete Device, 2017–2025 (USD Million)
Table 28 Market for Power Supplies and Inverters, By Region, 2017–2025 (USD Million)
Table 29 Market for Power Supplies and Inverters, By SiC Discrete Device, 2017–2025 (USD Million)
Table 30 Market for RF Devices & Cellular Base Stations, By Region, 2017–2025 (USD Million)
Table 31 Market for RF Devices & Cellular Base Stations, By SiC Discrete Device, 2017–2025 (USD Million)
Table 32 Market for Lighting Control Systems, By Region, 2017–2025 (USD Million)
Table 33 Market for Lighting Control Systems, By SiC Discrete Device, 2017–2025 (USD Million)
Table 34 Market for Industrial Motor Drives, By Region, 2017–2025 (USD Million)
Table 35 Market for Industrial Motor Drives, By SiC Discrete Device, 2017–2025 (USD Million)
Table 36 Market for Flame Detectors, By Region, 2017–2025 (USD Million)
Table 37 Market for EV Motor Drives, By Region, 2017–2025 (USD Million)
Table 38 Market for EV Motor Drives, By SiC Discrete Device, 2017–2025 (USD Million)
Table 39 Market for EV Charging Stations, By Region, 2017–2025 (USD Million)
Table 40 Market for EV Charging Stations, By SiC Discrete Device, 2017–2025 (USD Million)
Table 41 Market for Electronic Combat Systems, By Region, 2017–2025 (USD Million)
Table 42 Market for Wind Turbines, By Region, 2017–2025 (USD Million)
Table 43 Market for Wind Turbines, By SiC Discrete Device, 2017–2025 (USD Million)
Table 44 Market for Solar Power Systems, By Region, 2017–2025 (USD Million)
Table 45 Market for Solar Power Systems, By SiC Discrete Device, 2017–2025 (USD Million)
Table 46 Market for Others, By Region, 2017–2025 (USD Million)
Table 47 Market for Others, By SiC Discrete Device, 2017–2025 (USD Million)
Table 48 Market, By Vertical, 2017–2025 (USD Million)
Table 49 Market, By Vertical, 2017–2025 (Million Units)
Table 50 Market, By Region, 2017–2025 (USD Million)
Table 51 Market, By Region, 2017–2025 (Million Unit)
Table 52 Market in North America, By Application, 2017–2025 (USD Million)
Table 53 Silicon Carbide Market in North America, By SiC Discrete Device, 2017–2025 (USD Million)
Table 54 Market in North America, By Country, 2017–2025 (USD Million)
Table 55 Market in Europe, By Application, 2017–2025 (USD Million)
Table 56 Market in Europe, By SiC Discrete Device, 2017–2025 (USD Million)
Table 57 Market in Europe, By Country, 2017–2025 (USD Million)
Table 58 Market in APAC, By Application, 2017–2025 (USD Thousand)
Table 59 Market in APAC, By SiC Discrete Device, 2017–2025 (USD Million)
Table 60 Market in APAC, By Country, 2017–2025 (USD Million)
Table 61 Market in RoW, By Application, 2017–2025 (USD Million)
Table 62 Market in RoW, By SiC Discrete Device, 2017–2025 (USD Million)
Table 63 Market in RoW, By Region, 2017–2025 (USD Million)
Table 64 Product Launches and Developments, 2017–2020
Table 65 Expansions, 2018–2019
Table 66 Partnerships, Agreements, Collaborations, and Contracts, 2017-2020
Table 67 Acquisitions, 2018-2019
 
 
List of Figures (45 Figures)
 
Figure 1 Silicon Carbide Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 SiC Bare Die of Market is Expected to Grow at Highest CAGR During Forecast Period
Figure 6 6-Inch and Above Wafer Size of Market is Expected to Grow at Highest CAGR During Forecast Period
Figure 7 EV Motor Drives Application is Expected to Grow at Highest CAGR During Forecast Period
Figure 8 Automotive Vertical to Witness Highest CAGR in Market During 2020–2025
Figure 9 APAC is Expected to Dominate Market During Forecast Period
Figure 10 Rising Demand for SiC Device in Automotive Sector to Spur Market Growth During Forecast Period
Figure 11 SiC Discrete Device and Power Supplies and Inverters to be Largest Shareholders in Overall Market, By Device and Application, Respectively, in 2025
Figure 12 South Korea to Record Highest CAGR in Overall Silicon Carbide Market During Forecast Period
Figure 13 APAC to Record Largest Share in Overall Market During Forecast Period
Figure 14 SiliMarket: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Value Chain of Market
Figure 16 Market, By Device
Figure 17 SiC Bare Die Segment of Market is Projected to Grow at Higher CAGR From 2020 to 2025
Figure 18 Schematic Representation of a SiC Schottky Diode Indicating Thick and Thin Wafers
Figure 19 Market, By Wafer Size
Figure 20 6 Inch and Above Segment of Market is Projected to Grow at Highest CAGR From 2020 to 2025
Figure 21 Market, By Application
Figure 22 EV Motor Drives Segment of Market is Projected to Grow at Highest CAGR From 2020 to 2025
Figure 23 SIC MOSFET Segment of SiC Discrete Devices for Industrial Motor Drives Application is Projected to Grow at Highest CAGR From 2020 to 2025
Figure 24 Market, By Vertical
Figure 25 Automotive Segment of Market is Projected to Grow at Highest CAGR From 2020 to 2025
Figure 26 Different Types of Silicon Carbide Crystal Structures
Figure 27 Geographic Analysis of Market
Figure 28 APAC to Witness Highest Growth During Forecast Period
Figure 29 North America: Market Snapshot
Figure 30 Europe: Market Snapshot
Figure 31 EV Motor Drives in Europe of Market to Witness Highest CAGR During Forecast Period
Figure 32 APAC: Market Snapshot
Figure 33 China in APAC to Witness Highest CAGR During Forecast Period
Figure 34 Companies Adopted Product Launches and Developments as Key Growth Strategy During, 2017–2020
Figure 35 Ranking of the Top 5 Players in the Market
Figure 36 Market (Global) Competitive Leadership Mapping, 2019
Figure 37 Market Evaluation Framework—Product Launches and Developments Fueled Growth and Innovation During, 2017-2019
Figure 38 Infineon Technologies AG: Company Snapshot
Figure 39 CREE, Inc.: Company Snapshot
Figure 40 ROHM Co., Ltd.: Company Snapshot
Figure 41 STMicroelectronics N.V.: Company Snapshot
Figure 42 Fuji Electric Co., Ltd.: Company Snapshot
Figure 43 ON Semiconductor: Company Snapshot
Figure 44 Toshiba Corporation: Company Snapshot
Figure 45 Microchip Technology Incorporated: Company Snapshot

The study involved four major activities for estimating the size of the global silicon carbide market. Exhaustive secondary research was carried out to collect information relevant to the market, the peer market, and the parent market. Primary research was undertaken to validate these findings, assumptions, and sizing with the industry experts across the value chain of the silicon carbide market. Both top-down and bottom-up approaches were employed to estimate the complete market size. These were followed by the market breakdown and data triangulation methods that were used to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology used to estimate and forecast the size of the silicon carbide market began by capturing data related to the revenues of key vendors in the market through secondary research. This study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the silicon carbide market. Vendor offerings were taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors, directories, and databases.

Primary Research

The silicon carbide market comprises several stakeholders, such as suppliers of the standard device and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development and manufacture of silicon carbide applications as well as by different verticals. The supply side is characterized by advancements carried out in different silicon carbide devices such as SiC discrete devices and bare die. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Silicon carbide market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the silicon carbide market and its segments. The research methodology used to estimate the market size included the following:

  • Key players in the market were identified through extensive secondary research.
  • The supply chain of the manufacturing industry and the size of the silicon carbide market, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data has been triangulated by studying various factors and trends from both the demand and supply sides of the silicon carbide market.

Research Objectives

  • To describe and forecast the overall size of the silicon carbide market by device, wafer size, application, and vertical, in terms of value and volume
  • To describe and forecast the size of the market, by regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) in terms of value
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the market growth
  • To describe different types of silicon carbide crystal structures in brief
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile the key players and comprehensively analyze their position in the silicon carbide market in terms of their ranking and core competencies2 as well as provide detailed information on the competitive landscape of the market
  • To analyze competitive developments such as product launches and developments, expansions, partnerships, agreements, contracts, collaborations, and acquisitions undertaken by key players in the silicon carbide market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Critical Questions

  • What are new application areas being explored by the providers of silicon carbide devices?
  • Who are the key players in the silicon carbide market, and how intense is the competition in this market?
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