Silicon Carbide Market

Silicon Carbide Market with COVID-19 Impact Analysis by Device(SiC Discrete, SiC Bare Die, and SiC Module), Wafer Size, Application, Vertical (Power Electronics, Automotive, Telecommunications, and Energy & Power), and Geography - Global Forecast to 2026

Report Code: SE 2556 Sep, 2021, by marketsandmarkets.com

[243 Pages Report] The global silicon carbide market is expected to grow from USD 899 million in 2021 to USD 2,113 million by 2026; it is expected to grow at a CAGR of 18.7% during 2021–2026. Key factors fueling this market's growth include growing demand for SiC Devices in power electronics; higher mechanical, electrical and thermal properties than regular Silicon; and growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production. Growing implementation of SiC devices in automotive and power devices applications and increasing demand for hybrid and electric cars create a strong demand for silicon carbide for efficient industrial operations in the midst of COVID-19.

Silicon Carbide Market

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Market Dynamics:

Driver: Growing Demand for SiC Devices in power electronics

Power electronics play a crucial role in the global electrical infrastructure. In the power electronics industry, numerous power devices are available, which convert alternating current to direct current (or vice versa) in the systems. Also, they are designed to minimize energy loss and increase the efficiency of the system. SiC devices such as Sic diodes and modules are compound semiconductors composed of silicon and carbide. They offer several advantages such as wide bandgap, high drift velocity, high breakdown voltage, large critical electric field, and high thermal conductivity, and are capable of working at higher current density and temperatures.

Restraint: High Material and Fabrication Costs of SiC

As SiC materials are commercially synthesized in high-temperature environments, they are more expensive than Si raw material, while Si can be easily extracted from silica that occurs naturally. During device fabrication, several factors play a role in making it costlier for foundries and fabs, such as the lesser number of foundry and fab facilities. Moreover, the final phases such as assembly, testing, and packaging, are costlier due to the lack of advanced technology-based suitable equipment.

Opportunity: Increasing demand for hybrid and electric cars

Hybrid and electric vehicles are gaining traction as they are more digitally connected than conventional vehicles. Also, they reduce the consumption of fossil fuels, such as petrol and diesel, reduce global warming and ecological damage, and offer superior fuel efficiency. Additionally, due to COVID-19, the automotive industry has been witnessing a slowdown in demand for hybrid, electric, and autonomous vehicles. However, their demand is likely to be higher than that of any other vehicle type in the post-COVID-19 period.

Challenge: Material defects, design complexities, and packaging issues in SiC power devices

In SiC materials, especially crystals, micro-sized holes known as micropipes are found across the crystals. During the manufacturing of larger wafers, SiC devices are susceptible to various defects such as dislocations, prototype inclusions, and stacking faults. These defects occur due to a non-optimal balance of silicon and carbon precursors, and local instability in pressure or temperature. These defects affect the device efficiency and degrade their electrical characteristics.

SiC Discrete device held the largest market share of silicon carbide market in 2020

SiC Discrete device is expected to account for the largest share of the silicon carbide market by 2026. The growth of this segment is attributed to the increasing demand for SiC discrete devices for use in numerous applications, including RF and cellular base station applications, as well as in power supplies and inverters. Also, these devices are used in high-power applications owing to their high switching speed. Moreover, due to the increased demand for power semiconductors, the load on the power equipment has increased.

Power supplies and inverters application held the largest share of silicon carbide market in 2020

The dominance of the segment is attributed to the growing demand for highly efficient and stable power supplies such as power modules, uninterruptible power supplies (UPS), and wireless charging devices in automotive, power electronics, renewable power generation, and telecommunications sectors. Moreover, SiC devices allow users to operate in the double-conversion mode to maintain high efficiencies. Using these devices in UPS can facilitate in size reduction, increase in power quality, and reduction in cost.

“APAC is expected to hold a significant share of silicon carbide market by 2026.”

The market in APAC held the largest size in 2020 and is estimated to continue to do so during the forecast period. China, Japan, South Korea, and India are the major markets for EVs/HEVs in APAC. According to IEA outlook 2020 report, China alone accounted for a share of 47% of the global sales of electric buses in 2019, which contributed significantly to the dominance of APAC. Initiatives taken by several governments of countries in APAC to promote the use of these vehicles are expected to further drive the market in the near future.

Silicon Carbide Market by Region

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Silicon carbide Ecosystem and Related Markets

Silicon Carbide Market by Region

Key Market Players

Infineon Technologies (Germany), Cree, Inc. (US), ROHM Co., Ltd. (Japan), STMelectronics (Switzerland), Fuji Electric (Japan), ON Semiconductor (US), General Electric (US), Toshiba Corporation (Japan), and Renesas Electronics (Japan), Microchip Technology (US) are a few major companies in the silicon carbide market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.

Prominent players have adopted product launches and developments, followed by acquisitions, partnerships, collaborations, contracts, and agreements as the key business strategy to expand their share in the silicon carbide market. For instance, in May 2020, Infineon Technologies (Germany) launched CoolSiC™ MOSFET 1700 V SMD. The new voltage class in the CoolSiC™ MOSFET offers superior reliability, as well as low switching and conduction losses.

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Scope of the Report

:

Report Metric

Details

Market size available for years

2018–2026

Base year

2020

Forecast period

2021–2026

Forecast Unit

Value (USD Million)

Segments covered

Device Type, Wafer Size, Application, Vertical, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Infineon Technologies (Germany), Cree, Inc. (US), ROHM Co., Ltd. (Japan), STMelectronics (Switzerland), Fuji Electric (Japan), ON Semiconductor (US), General Electric (US), Toshiba Corporation (Japan), and Renesas Electronics (Japan), Microchip Technology (US)

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

By Device Type:

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

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 (Astronomical, Pyrometer, Nuclear, and Atomic Sciences)

By Vertical:

  • Energy & Power
  • Automotive
  • Renewable Power Generation
  • Defense
  • Power Electronics
  • Telecommunication
  • Others (Space Research and Nuclear Power)

By Geography:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Major Market Developments

  1. In July 2021, Microchip Technology (US) introduced the expansion of its silicon carbide portfolio with a family of high-efficiency, high-reliability 1700 V silicon carbide MOSFET die, discrete, and power modules. Microchip’s 1700 V silicon carbide technology is an alternative to silicon IGBTs.
  2. In June 2021, Cree, Inc. (US) signed a contract with Shenzhen Gospower Digital Technology Co., Ltd. (Gospower) (China), a national high-tech enterprise and leader in power electronics converters. Under this contract, CREE offers Cree’s Wolfspeedฎ650 V silicon carbide MOSFETs for next-generation Common Redundant Power Supply (CRPS) solutions.
  3. In June 2020, General Electric (US) and II‐VI Incorporated (US) agreed to license GE's technology to manufacture silicon carbide (SiC) devices and modules for power electronics.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           FIGURE 1 SILICON CARBIDE MARKET: SEGMENTATION
           1.3.1 GEOGRAPHIC SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 VOLUME UNIT CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 SILICON CARBIDE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size by bottom-up approach (demand side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size by top-down approach (supply side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM SILICON CARBIDE DEVICES
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2  (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF COMPANIES IN SILICON CARBIDE MARKET
           2.2.3 MARKET PROJECTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           2.4.1 ASSUMPTION FOR STUDY
    2.5 RISK ASSESSMENT
           2.5.1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 10 SILICON CARBIDE MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
           FIGURE 11 SIC DISCRETE DEVICE SEGMENT, BY DEVICE TYPE, TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 12 SILICON CARBIDE MARKET, BY WAFER SIZE, 2021 VS. 2026
           FIGURE 13 SILICON CARBIDE MARKET FOR AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
           FIGURE 14 APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN SILICON CARBIDE MARKET
           FIGURE 15 GROWING DEMAND FOR ELECTRIC VEHICLES TO BOOST GROWTH OF SILICON CARBIDE MARKET
    4.2 SILICON CARBIDE MARKET, BY DEVICE TYPE
           FIGURE 16 SIC BARE DIE DEVICES TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
    4.3 SILICON CARBIDE MARKET, BY WAFER SIZE
           FIGURE 17 6-INCHES AND ABOVE WAFER SIZE TO HOLD LARGEST SHARE OF SILICON CARBIDE MARKET BY 2026
    4.4 SILICON CARBIDE MARKET IN APAC, BY APPLICATION AND COUNTRY
           FIGURE 18 POWER SUPPLIES & INVERTERS AND CHINA HELD LARGEST MARKET SHARES OF SILICON CARBIDE MARKET IN ASIA PACIFIC IN 2020
    4.5 SILICON CARBIDE MARKET, BY REGION
           FIGURE 19 SILICON CARBIDE MARKET IN CHINA TO EXHIBIT HIGHEST CAGR FROM  2021 TO 2026

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 IMPACT OF DRIVERS AND OPPORTUNITIES ON SILICON CARBIDE MARKET
           FIGURE 21 IMPACT OF CHALLENGES AND RESTRAINTS ON SILICON CARBIDE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for SiC devices in power electronics
                    5.2.1.2 Higher mechanical, electrical, and thermal properties than regular silicon
                    5.2.1.3 Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production
           5.2.2 RESTRAINTS
                    5.2.2.1 High material and fabrication costs of SiC
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing implementation of SiC devices in automotive and power device applications
                    5.2.3.2 Increasing demand for hybrid and electric cars
           5.2.4 CHALLENGES
                    5.2.4.1 Material defects, design complexities, and packaging issues in SiC power devices
                    5.2.4.2 Disruptions in supply chain of semiconductor devices due to COVID-19
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS: MOST VALUE IS ADDED BY SIC DEVICE MANUFACTURERS
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 1 IMPACT OF EACH FORCE ON SILICON CARBIDE MARKET
    5.5 AVERAGE SELLING PRICE ANALYSIS
    5.6 TRADE ANALYSIS
           5.6.1 IMPORT SCENARIO FOR PRODUCTS UNDER HS CODE 381800
                    TABLE 2 IMPORT DATA FOR PRODUCTS UNDER HS CODE 381800, BY COUNTRY,  2016–2020 (USD MILLION)
           5.6.2 EXPORT SCENARIO FOR PRODUCTS UNDER HS CODE 381800
                    TABLE 3 EXPORT DATA FOR PRODUCTS UNDER HS CODE 381800, BY COUNTRY,  2016–2020 (USD MILLION)
    5.7 REVENUE SHIFT & NEW REVENUE POCKETS FOR SILICON CARBIDE MARKET
           FIGURE 23 REVENUE SHIFT IN SILICON CARBIDE MARKET
    5.8 SILICON CARBIDE ECOSYSTEM
           FIGURE 24 SILICON CARBIDE ECOSYSTEM
    5.9 CASE STUDY ANALYSIS
           5.9.1 SIC CASCODE FET DEVICES ARE OFFERED BY UNITEDSIC FOR EFFICIENT SYSTEM
           5.9.2 SIC FET OFFERED BY UNITEDSIC FOR PROGRAMMABLE DC POWER SUPPLY
    5.10 PATENT ANALYSIS
           5.10.1 PATENT REGISTRATIONS, 2018–2020
                    TABLE 4 FEW PATENT REGISTRATIONS, 2018–2020
           5.10.2 SILICON CARBIDE: PATENT ANALYSIS
                    5.10.2.1 Methodology
                    5.10.2.2 Document type
                               TABLE 5 PATENTS FILED
                               FIGURE 25 PATENTS FILED BETWEEN 2018 AND 2020
                               FIGURE 26 GRANTED PATENT TRENDS, 2016–2020
                    5.10.2.3 Insight
                    5.10.2.4 Infineon Technologies AG
                               TABLE 6 LIST OF PATENTS BY INFINEON TECHNOLOGIES AG (GERMANY)
    5.11 TECHNOLOGY TRENDS
           5.11.1 KEY TECHNOLOGY
                    5.11.1.1 GaN-on-SiC
           5.11.2 ADJACENT TECHNOLOGY
                    5.11.2.1 Gallium Nitride (GaN)
    5.12 TARIFFS AND REGULATIONS
           5.12.1 TARIFFS
                    TABLE 7 MFN TARIFFS FOR PRODUCTS CLASSIFIED UNDER HSS CODE 381800  EXPORTED BY JAPAN
                    TABLE 8 MFN TARIFFS FOR PRODUCTS CLASSIFIED UNDER HSS CODE 381800  IMPORTED BY JAPAN
           5.12.2 NEGATIVE IMPACT OF TARIFFS ON SILICON CARBIDE MARKET
           5.12.3 POSITIVE IMPACT OF TARIFFS ON SILICON CARBIDE MARKET
    5.13 GOVERNMENT REGULATIONS AND STANDARDS
           5.13.1 GOVERNMENT REGULATIONS
           5.13.2 STANDARDS
                    5.13.2.1 IEC 63068-2: Semiconductor devices - Non-destructive recognition criteria of defects in silicon carbide homoepitaxial wafers for power devices
                    5.13.2.2 ISO 21068-1:2008: Chemical analysis of silicon-carbide-containing raw materials and refractory products — Part 1: General information and sample preparation
                    5.13.2.3 IEC 63229: Semiconductor devices - Classification of defects in gallium nitride epitaxial films on silicon carbide substrates

6 DIFFERENT TYPES OF SILICON CARBIDE CRYSTAL STRUCTURES AND SILICON CARBIDE MATERIALS (Page No. - 76)
    6.1 INTRODUCTION
    6.2 SILICON CARBIDE CRYSTAL STRUCTURES
           TABLE 9 COMPARISON BETWEEN SILICON CARBIDE CRYSTAL STRUCTURES
           6.2.1 ZINC BLENDE (3C-SIC)
           6.2.2 WURTZITE (4H-SIC)
           6.2.3 WURTZITE (6H-SIC)
           6.2.4 RHOMBOHEDRAL (15R-SIC)
    6.3 SILICON CARBIDE MATERIALS
           6.3.1 BLACK SIC
           6.3.2 GREEN SIC

7 SILICON CARBIDE MARKET, BY DEVICE TYPE (Page No. - 78)
    7.1 INTRODUCTION
           FIGURE 27 SIC BARE DIE MARKET TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           TABLE 10 SILICON CARBIDE MARKET, BY DEVICE, 2018–2020 (USD MILLION)
           TABLE 11 SILICON CARBIDE MARKET, BY DEVICE, 2021–2026 (USD MILLION)
           TABLE 12 SILICON CARBIDE MARKET, BY DEVICE, 2018–2020 (MILLION UNITS)
           TABLE 13 SILICON CARBIDE MARKET, BY DEVICE, 2021–2026 (MILLION UNITS)
    7.2 SILICON DISCRETE DEVICE
           FIGURE 28 MARKET FOR SIC MOSFET TO GROW AT HIGHER RATE DURING FORECAST PERIOD
           TABLE 14 SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICE, BY TYPE, 2018–2020 (USD MILLION)
           TABLE 15 SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICE, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 16 SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICE, BY TYPE, 2018–2020 (MILLION UNITS)
           TABLE 17 SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICE, BY TYPE, 2021–2026 (MILLION UNITS)
           7.2.1 SILICON DIODE
                    7.2.1.1 Increasing adoption of SiC diodes in commercial products to fuel growth of market segment
                               FIGURE 29 SCHEMATIC REPRESENTATION OF SIC SCHOTTKY DIODE INDICATING THICK AND THIN WAFERS
                               TABLE 18 SILICON CARBIDE MARKET FOR SIC DIODE, BY REGION, 2018–2020 (USD MILLION)
                               TABLE 19 SILICON CARBIDE MARKET FOR SIC DIODE, BY REGION, 2021–2026 (USD MILLION)
           7.2.2 SILICON MOSFET
                    7.2.2.1 Surging need for SiC MOSFETs in automotive vertical to fuel market growth
                               TABLE 20 SILICON CARBIDE MARKET FOR SIC MOSFET, BY REGION, 2018–2020 (USD MILLION)
                               TABLE 21 SILICON CARBIDE MARKET FOR SIC MOSFET, BY REGION, 2021–2026 (USD MILLION)
    7.3 SIC BARE DIE
           7.3.1 GROWING DEMAND FOR ENERGY-EFFICIENT POWER DEVICES TO BOOST SIC BARE DIE MARKET GROWTH
                    TABLE 22 SILICON CARBIDE MARKET FOR SIC BARE DIE, BY DISCRETE DEVICE TYPE,  2018–2020 (USD MILLION)
                    TABLE 23 SILICON CARBIDE MARKET FOR SIC BARE DIE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 24 SILICON CARBIDE MARKET FOR SIC BARE DIE, BY DISCRETE DEVICE TYPE,  2018–2020 (MILLION UNITS)
                    TABLE 25 SILICON CARBIDE MARKET FOR SIC BARE DIE, BY DISCRETE DEVICE TYPE,  2021–2026 (MILLION UNITS)
    7.4 SIC MODULE
           7.4.1 RISING ADOPTION OF SIC POWER SOLUTIONS FOR INDUSTRIAL POWER EQUIPMENT TO BOOST MARKET GROWTH
                    TABLE 26 SILICON CARBIDE MARKET FOR SIC MODULE, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 27 SILICON CARBIDE MARKET FOR SIC MODULE, BY REGION, 2021–2026 (USD MILLION)

8 CARBIDE (SIC) WAFER MARKET, BY WAFER SIZE (Page No. - 87)
    8.1 INTRODUCTION
           FIGURE 30 6-INCHES & ABOVE SIC WAFERS TO ACCOUNT FOR LARGEST MARKET SHARE  BY 2026
           TABLE 28 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2018–2020 (USD MILLION)
           TABLE 29 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2021–2026 (USD MILLION)
           TABLE 30 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2018–2020 (MILLION UNITS)
           TABLE 31 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2021–2026 (MILLION UNITS)
           TABLE 32 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2018–2020  (THOUSAND SQUARE INCHES)
           TABLE 33 SILICON CARBIDE WAFER MARKET, BY WAFER SIZE, 2021–2026  (THOUSAND SQUARE INCHES)
           TABLE 34 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2018–2020 (USD MILLION)
           TABLE 35 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2021–2026 (USD MILLION)
           TABLE 36 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2018–2020 (MILLION UNITS)
           TABLE 37 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2021–2026 (MILLION UNITS)
           TABLE 38 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2018–2020  (THOUSAND SQUARE INCHES)
           TABLE 39 SILICON CARBIDE WAFER MARKET, BY SIC DEVICE, 2021–2026  (THOUSAND SQUARE INCHES)
    8.2 2 INCHES
           8.2.1 2-INCH SILICON CARBIDE WAFERS ARE USED IN LOW-POWER SEMICONDUCTOR DEVICES
    8.3 4 INCHES
           8.3.1 4-INCH WAFERS HAVE WITNESSED HIGH ADOPTION FOR APPLICATIONS IN POWER DEVICES, LEDS, AND RF DEVICES
    8.4 6 INCHES AND ABOVE
           8.4.1 WAFERS OF THIS SIZE OFFER MANUFACTURERS ABILITY TO INCREASE PRODUCTIVITY

9 SILICON CARBIDE MARKET, BY APPLICATION (Page No. - 93)
    9.1 INTRODUCTION
           FIGURE 31 MARKET FOR EV MOTOR DRIVES APPLICATION TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           TABLE 40 SILICON CARBIDE MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 41 SILICON CARBIDE MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    9.2 POWER GRID DEVICES
           9.2.1 DEPLOYMENT OF SIC DEVICES FOR EFFICIENT POWER DISTRIBUTION FOR ELECTRIC POWER USAGE TO FUEL MARKET GROWTH
                    TABLE 42 SILICON CARBIDE MARKET FOR POWER GRID DEVICES, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 43 SILICON CARBIDE MARKET FOR POWER GRID DEVICES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 44 SILICON CARBIDE MARKET FOR POWER GRID DEVICES, BY SIC DISCRETE DEVICE,  2018–2020 (USD MILLION)
                    TABLE 45 SILICON CARBIDE MARKET FOR POWER GRID DEVICES, BY SIC DISCRETE DEVICE,  2021–2026 (USD MILLION)
    9.3 FLEXIBLE AC TRANSMISSION SYSTEMS
           9.3.1 DEMAND FOR SIC DEVCIES IN FACTS FOR REDUCING POWER LOSS TO FUEL MARKET GROWTH
                    TABLE 46 SILICON CARBIDE MARKET FOR FLEXIBLE AC TRANSMISSION SYSTEMS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 47 SILICON CARBIDE MARKET FOR FLEXIBLE AC TRANSMISSION SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 48 SILICON CARBIDE MARKET FOR FLEXIBLE AC TRANSMISSION SYSTEMS, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 49 SILICON CARBIDE MARKET FOR FLEXIBLE AC TRANSMISSION SYSTEMS, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.4 HIGH-VOLTAGE DIRECT CURRENT SYSTEMS
           9.4.1 INCREASING NEED FOR HVDC SYSTEMS PROPELS DEMAND FOR SIC DEVICES
                    TABLE 50 SILICON CARBIDE MARKET FOR HIGH-VOLTAGE DIRECT CURRENT SYSTEMS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 51 SILICON CARBIDE MARKET FOR HIGH-VOLTAGE DIRECT CURRENT SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 52 SILICON CARBIDE MARKET FOR HIGH-VOLTAGE DIRECT CURRENT SYSTEMS,  BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 53 SILICON CARBIDE MARKET FOR HIGH-VOLTAGE DIRECT CURRENT SYSTEMS,  BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.5 POWER SUPPLIES & INVERTERS
           9.5.1 IMPLEMENTION OF SIC DEVICES IN POWER SUPPLIES FOR IMPROVED POWER EFFICIENCY TO FUEL MARKET GROWTH
                    FIGURE 32 POWER SUPPLIES & INVERTERS APPLICATION MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                    TABLE 54 SILICON CARBIDE MARKET FOR POWER SUPPLIES & INVERTERS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 55 SILICON CARBIDE MARKET FOR POWER SUPPLIES & INVERTERS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 56 SILICON CARBIDE MARKET FOR POWER SUPPLIES & INVERTERS, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 57 SILICON CARBIDE MARKET FOR POWER SUPPLIES & INVERTERS, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.6 RF DEVICES & CELLULAR BASE STATIONS
           9.6.1 GROWING MOBILE USERS BASE AND INCREASING CELLULAR BASE STATIONS PROPEL SIC MARKET GROWTH
                    TABLE 58 SILICON CARBIDE MARKET FOR RF DEVICES & CELLULAR BASE STATIONS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 59 SILICON CARBIDE MARKET FOR RF DEVICES & CELLULAR BASE STATIONS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 60 SILICON CARBIDE MARKET FOR RF DEVICES & CELLULAR BASE STATIONS,  BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 61 SILICON CARBIDE MARKET FOR RF DEVICES & CELLULAR BASE STATIONS,  BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.7 LIGHTING CONTROL SYSTEMS
           9.7.1 SIC MATERIAL-BASED DEVCIES ARE SUITABLE FOR DEVELOPING DURABLE LED
                    TABLE 62 SILICON CARBIDE MARKET FOR LIGHTING CONTROL SYSTEMS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 63 SILICON CARBIDE MARKET FOR LIGHTING CONTROL SYSTEMS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 64 SILICON CARBIDE MARKET FOR LIGHTING CONTROL SYSTEMS, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 65 SILICON CARBIDE MARKET FOR LIGHTING CONTROL SYSTEMS, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.8 INDUSTRIAL MOTOR DRIVES
           9.8.1 INCREASING USE OF SIC MODULES IN INDUSTRIAL MOTORS TO FUEL MARKET GROWTH
                    TABLE 66 SILICON CARBIDE MARKET FOR INDUSTRIAL MOTOR DRIVES, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 67 SILICON CARBIDE MARKET FOR INDUSTRIAL MOTOR DRIVES, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 68 SILICON CARBIDE MARKET FOR INDUSTRIAL MOTOR DRIVES, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 69 SILICON CARBIDE MARKET FOR INDUSTRIAL MOTOR DRIVES, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.9 FLAME DETECTORS
           9.9.1 SURGING DEMAND FOR FLAME DETECTORS FOR HUMAN SAFETY TO FUEL MARKET GROWTH
                    TABLE 70 SILICON CARBIDE MARKET FOR FLAME DETECTORS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 71 SILICON CARBIDE MARKET FOR FLAME DETECTORS, BY REGION, 2021–2026 (USD MILLION)
    9.10 EV MOTOR DRIVES
           9.10.1 RISING DEMAND FOR SIC-BASED DEVICES IN EV MOTOR DRIVES TO PROPEL MARKET GROWTH
                    FIGURE 33 EV MOTOR DRIVES APPLICATION MARKET FOR SIC DIODES TO GROW AT HIGHER RATE DURING FORECAST PERIOD
                    TABLE 72 SILICON CARBIDE MARKET FOR EV MOTOR DRIVES, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 73 SILICON CARBIDE MARKET FOR EV MOTOR DRIVES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 74 SILICON CARBIDE MARKET FOR EV MOTOR DRIVES, BY SIC DISCRETE DEVICE,  2018–2020 (USD MILLION)
                    TABLE 75 SILICON CARBIDE MARKET FOR EV MOTOR DRIVES, BY SIC DISCRETE DEVICE,  2021–2026 (USD MILLION)
    9.11 EV CHARGING STATIONS
           9.11.1 GROWING PRODUCTION OF ELECTRIC VEHICLES TO FUEL SIC MARKET GROWTH
                    TABLE 76 SILICON CARBIDE MARKET FOR EV CHARGING STATIONS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 77 SILICON CARBIDE MARKET FOR EV CHARGING STATIONS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 78 SILICON CARBIDE MARKET FOR EV CHARGING STATIONS, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 79 SILICON CARBIDE MARKET FOR EV CHARGING STATIONS, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.12 ELECTRONIC COMBAT SYSTEMS
           9.12.1 CAPABILITY TO OPERATE AT HIGH TEMPERATURE WITH HIGH SWITCHING FREQUENCY PROPELS DEMAND FOR SILICON CARBIDE
                    TABLE 80 SILICON CARBIDE MARKET FOR ELECTRONIC COMBAT SYSTEMS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 81 SILICON CARBIDE MARKET FOR ELECTRONIC COMBAT SYSTEMS, BY REGION,  2021–2026 (USD MILLION)
    9.13 WIND TURBINES
           9.13.1 REDUCTION OF ENERGY LOSS AND COST BY INSTALLING SIC DEVICES IS EXPECTED TO FUEL MARKET GROWTH
                    TABLE 82 SILICON CARBIDE MARKET FOR WIND TURBINES, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 83 SILICON CARBIDE MARKET FOR WIND TURBINES, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 84 SILICON CARBIDE MARKET FOR WIND TURBINES, BY SIC DISCRETE DEVICE,  2018–2020 (USD MILLION)
                    TABLE 85 SILICON CARBIDE MARKET FOR WIND TURBINES, BY SIC DISCRETE DEVICE,  2021–2026 (USD MILLION)
    9.14 SOLAR POWER SYSTEMS
           9.14.1 RISING DEMAND FOR SIC DEVICES IN SOLAR POWER SYSTEMS TO FUEL MARKET GROWTH
                    TABLE 86 SILICON CARBIDE MARKET FOR SOLAR POWER SYSTEMS, BY REGION,  2018–2020 (USD MILLION)
                    TABLE 87 SILICON CARBIDE MARKET FOR SOLAR POWER SYSTEMS, BY REGION,  2021–2026 (USD MILLION)
                    TABLE 88 SILICON CARBIDE MARKET FOR SOLAR POWER SYSTEMS, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
                    TABLE 89 SILICON CARBIDE MARKET FOR SOLAR POWER SYSTEMS, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
    9.15 OTHERS
                    TABLE 90 SILICON CARBIDE MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 91 SILICON CARBIDE MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 92 SILICON CARBIDE MARKET FOR OTHER APPLICATIONS, BY SIC DISCRETE DEVICE,  2018–2020 (USD MILLION)
                    TABLE 93 SILICON CARBIDE MARKET FOR OTHER APPLICATIONS, BY SIC DISCRETE DEVICE,  2021–2026 (USD MILLION)

10 SILICON CARBIDE MARKET, BY VERTICAL (Page No. - 118)
     10.1 INTRODUCTION
               FIGURE 34 POWER ELECTRONICS VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE  BY 2026
               TABLE 94 SILICON CARBIDE MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
               TABLE 95 SILICON CARBIDE MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
               TABLE 96 SILICON CARBIDE MARKET, BY VERTICAL, 2018–2020 (MILLION UNITS)
               TABLE 97 SILICON CARBIDE MARKET, BY VERTICAL, 2021–2026 (MILLION UNITS)
     10.2 ENERGY & POWER
             10.2.1 ADOPTION OF SILICON CARBIDE DEVICES IN ENERGY & POWER VERTICAL TO BOOST MARKET GROWTH
     10.3 AUTOMOTIVE
             10.3.1 ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO PROPEL GROWTH OF SILICON CARBIDE MARKET
     10.4 RENEWABLE POWER GENERATION
             10.4.1 INCREASING NUMBER OF SOLAR POWER PLANTS TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR SILICON CARBIDE MARKET
     10.5 DEFENSE
             10.5.1 ROUGHNESS AND ABILITY TO OPERATE IN HARSH ENVIRONMENTS TO BOOST MARKET GROWTH
     10.6 POWER ELECTRONICS
             10.6.1 SURGING DEMAND FOR COMPACT-SIZED, LOW-COST, AND HIGHLY EFFICIENT SOLUTIONS TO DRIVE GROWTH OF MARKET
     10.7 TELECOMMUNICATIONS
             10.7.1 DEPLOYMENT OF SIC POWER DEVICES FOR IMPROVED COMMUNICATION INFRASTRUCTURE PERFORMANCE TO CREATE LUCRATIVE OPPORTUNITIES FOR SILICON CARBIDE MARKET
     10.8 OTHERS

11 GEOGRAPHIC ANALYSIS (Page No. - 125)
     11.1 INTRODUCTION
               FIGURE 35 GEOGRAPHIC SNAPSHOT: APAC TO WITNESS HIGHEST GROWTH FROM  2021 TO 2026
               FIGURE 36 APAC TO DOMINATE SILICON CARBIDE MARKET DURING FORECAST PERIOD
               TABLE 98 SILICON CARBIDE MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 99 SILICON CARBIDE MARKET, BY REGION, 2021–2026 (USD MILLION)
               TABLE 100 SILICON CARBIDE MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 101 SILICON CARBIDE MARKET, BY REGION, 2021–2026 (MILLION UNITS)
     11.2 NORTH AMERICA
               FIGURE 37 NORTH AMERICA: SILICON CARBIDE MARKET SNAPSHOT
               TABLE 102 SILICON CARBIDE MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2020 (USD MILLION)
               TABLE 103 SILICON CARBIDE MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 104 SILICON CARBIDE MARKET IN NORTH AMERICA, BY SIC DISCRETE DEVICE,  2018–2020 (USD MILLION)
               TABLE 105 SILICON CARBIDE MARKET IN NORTH AMERICA, BY SIC DISCRETE DEVICE,  2021–2026 (USD MILLION)
               TABLE 106 SILICON CARBIDE MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 107 SILICON CARBIDE MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             11.2.1 US
                       11.2.1.1 US to be largest market for silicon carbide devices during forecast period
             11.2.2 CANADA
                       11.2.2.1 Increasing demand from automotive, industrial, and power electronics segments to boost growth of Canadian market
             11.2.3 MEXICO
                       11.2.3.1 Growing industrialization in Mexico to propel growth of silicon carbide market
     11.3 EUROPE
               FIGURE 38 EUROPE: SILICON CARBIDE MARKET SNAPSHOT
               TABLE 108 SILICON CARBIDE MARKET IN EUROPE, BY APPLICATION, 2018–2020 (USD MILLION)
               TABLE 109 SILICON CARBIDE MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 110 SILICON CARBIDE MARKET IN EUROPE, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
               TABLE 111 SILICON CARBIDE MARKET IN EUROPE, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
               TABLE 112 SILICON CARBIDE MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 113 SILICON CARBIDE MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 Germany to dominate European silicon carbide market during forecast period
             11.3.2 UK
                       11.3.2.1 Growing demand for wind turbines to fuel market growth during forecast period
             11.3.3 ITALY
                       11.3.3.1 Rising use of silicon carbide devices in automotive and aerospace industries to boost market growth
             11.3.4 REST OF EUROPE
     11.4 ASIA PACIFIC
               FIGURE 39 APAC: SILICON CARBIDE MARKET SNAPSHOT
               TABLE 114 SILICON CARBIDE MARKET IN APAC, BY APPLICATION, 2018–2020 (USD MILLION)
               TABLE 115 SILICON CARBIDE MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 116 SILICON CARBIDE MARKET IN APAC, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
               TABLE 117 SILICON CARBIDE MARKET IN APAC, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
               TABLE 118 SILICON CARBIDE MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 119 SILICON CARBIDE MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Developing economy and mass production of electric vehicles to boost market growth in China
             11.4.2 JAPAN
                       11.4.2.1 Presence of major players and ongoing HVDC projects to increase demand for silicon carbide devices in Japan
             11.4.3 SOUTH KOREA
                       11.4.3.1 Consumer electronics and automobile manufacturing companies are playing vital role in growth of market
             11.4.4 REST OF APAC
     11.5 REST OF THE WORLD
               TABLE 120 SILICON CARBIDE MARKET IN ROW, BY APPLICATION, 2018–2020 (USD MILLION)
               TABLE 121 SILICON CARBIDE MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 122 SILICON CARBIDE MARKET IN ROW, BY SIC DISCRETE DEVICE, 2018–2020 (USD MILLION)
               TABLE 123 SILICON CARBIDE MARKET IN ROW, BY SIC DISCRETE DEVICE, 2021–2026 (USD MILLION)
               TABLE 124 SILICON CARBIDE MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)
               TABLE 125 SILICON CARBIDE MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             11.5.1 MIDDLE EAST & AFRICA
                       11.5.1.1 Increasing demand for SiC devices attributed to growing renewable energy production to boost market growth
             11.5.2 SOUTH AMERICA
                       11.5.2.1 Implementation of SiC in large number of wind farms to drive market growth

12 COMPETITIVE LANDSCAPE (Page No. - 151)
     12.1 INTRODUCTION
     12.2 MARKET EVALUATION FRAMEWORK
               TABLE 126 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SILICON CARBIDE OEMS
             12.2.1 PRODUCT PORTFOLIO
             12.2.2 REGIONAL FOCUS
             12.2.3 MANUFACTURING FOOTPRINT
             12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     12.3 MARKET SHARE ANALYSIS, 2020
               TABLE 127 DEGREE OF COMPETITION
     12.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS IN SILICON CARBIDE MARKET
               FIGURE 40 FIVE-YEAR REVENUE ANALYSIS OF TOP MARKET PLAYERS IN SILICON CARBIDE MARKET
     12.5 COMPANY EVALUATION MATRIX
             12.5.1 STAR
             12.5.2 PERVASIVE
             12.5.3 EMERGING LEADER
             12.5.4 PARTICIPANT
                       FIGURE 41 SILICON CARBIDE MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
     12.6 START-UP/SME EVALUATION MATRIX
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                       FIGURE 42 SILICON CARBIDE MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX, 2020
     12.7 COMPANY PRODUCT FOOTPRINT
               TABLE 128 COMPANY PRODUCT FOOTPRINT
               TABLE 129 FOOTPRINT OF DIFFERENT SIC DEVICES OFFERED BY DIFFERENT COMPANIES
               TABLE 130 FOOTPRINT OF DIFFERENT VERTICALS DEAL BY DIFFERENT COMPANIES
               TABLE 131 REGIONAL FOOTPRINT OF DIFFERENT COMPANIES
     12.8 COMPETITIVE SITUATIONS & TRENDS
               FIGURE 43 STRATEGIES ADOPTED BY KEY PLAYERS FROM JANUARY 2018 TO MAY 2021
             12.8.1 PRODUCT LAUNCHES & DEVELOPMENTS
                       TABLE 132 PRODUCT LAUNCHES & DEVELOPMENTS (2018–2021)
             12.8.2 DEALS
                       TABLE 133 DEALS (JANUARY 2018–MAY 2021)
             12.8.3 OTHERS
                       TABLE 134 OTHERS (2018–2021)

13 COMPANY PROFILES (Page No. - 177)
(Business overview, Products/solutions offered, Recent Developments, COVID-19-related developments, MNM view)*
     13.1 KEY PLAYERS
             13.1.1 INFINEON TECHNOLOGIES AG
                       TABLE 135 INFINEON TECHNOLOGIES AG: BUSINESS OVERVIEW
                       FIGURE 44 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
             13.1.2 CREE, INC.
                       TABLE 136 CREE, INC.: BUSINESS OVERVIEW
                       FIGURE 45 CREE, INC.: COMPANY SNAPSHOT
             13.1.3 ROHM CO. LTD.
                       TABLE 137 ROHM CO. LTD.: BUSINESS OVERVIEW
                       FIGURE 46 ROHM CO. LTD.: COMPANY SNAPSHOT
             13.1.4 STMICROELECTRONICS N.V.
                       TABLE 138 STMICROELECTRONICS N.V.: BUSINESS OVERVIEW
                       FIGURE 47 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT
             13.1.5 FUJI ELECTRIC CO., LTD.
                       TABLE 139 FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 48 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
             13.1.6 ON SEMICONDUCTOR
                       TABLE 140 ON SEMICONDUCTOR: BUSINESS OVERVIEW
                       FIGURE 49 ON SEMICONDUCTOR: COMPANY SNAPSHOT
             13.1.7 GENERAL ELECTRIC COMPANY
                       TABLE 141 GENERAL ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 50 GENERAL ELECTRIC: COMPANY SNAPSHOT
             13.1.8 TOSHIBA CORPORATION
                       TABLE 142 TOSHIBA CORPORATION: BUSINESS OVERVIEW
                       FIGURE 51 TOSHIBA CORPORATION: COMPANY SNAPSHOT
             13.1.9 RENESAS ELECTRONICS CORPORATION
                       TABLE 143 RENESAS ELECTRONICS CORPORATION: BUSINESS OVERVIEW
                       FIGURE 52 RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT
             13.1.10 MICROCHIP TECHNOLOGY INCORPORATED
                       TABLE 144 MICROCHIP TECHNOLOGY INCORPORATED: BUSINESS OVERVIEW
                       FIGURE 53 MICROCHIP TECHNOLOGY INCORPORATED: COMPANY SNAPSHOT
     13.2 RIGHT TO WIN
     13.3 OTHER COMPANIES
             13.3.1 UNITEDSIC
             13.3.2 SEMIKRON
             13.3.3 GENESIC SEMICONDUCTOR INC.
             13.3.4 POWEREX INC.
             13.3.5 HITACHI LTD.
             13.3.6 TT ELECTRONICS
             13.3.7 LITTLEFUSE INC.
             13.3.8 BRUCKEWELL TECHNOLOGY LTD.
             13.3.9 SEMIQ, INC.
             13.3.10 MITSUBISHI ELECTRIC CORPORATION
             13.3.11 ALPHA POWER SOLUTIONS LTD. (APS)
             13.3.12 WEEN SEMICONDUCTORS CO., LTD.
             13.3.13 MICROSEMI CORPORATION
             13.3.14 II-VI INCORPORATED
             13.3.15 TANKEBLUE SEMICONDUCTORS CO. LTD.

14 APPENDIX (Page No. - 236)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the silicon carbide market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the silicon carbide market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates 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 have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The Silicon carbide market comprises several stakeholders, such as suppliers of silicon carbide wafers and devices. The demand side of this market is characterized by various applications, verticals, and regions. The supply side is characterized by silicon carbide devices and wafers. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Silicon Carbide Market  Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the silicon carbide market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

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

Research Objective

  • To define, describe, and forecast the silicon carbide market, in terms of value, based on device type, wafer size, application, vertical, and region
  • To define, describe, and forecast the silicon carbide market, in terms of volume, based on device, wafer size, application, vertical
  • To describe different types of silicon carbide crystal structures and silicon carbide
  • To forecast the market size, in terms of value, with regard to four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the silicon carbide market (drivers, restraints, opportunities, and challenges)
  • To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain of silicon carbide
  • To analyze the impact of COVID-19 on the silicon carbide market, its segments, and the players operating in the market
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze competitive developments such as product launches and developments, partnerships, acquisitions, contracts, expansions, and R&D in the silicon carbide market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. 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 new application areas are Silicon carbide providers exploring?
  • Who are the key market players, and how intense is the competition?
  • Which applications and geographies would be the biggest markets for Silicon carbide?
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