SiC-on-Insulator (SiCOI) Film Market

SiC-on-Insulator (SiCOI) Film Companies - SOITEC (France) and SICOXS CORPORATION (Japan) are the Key Players

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% from 2024 to 2029. 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 major factors driving the growth of the SiC-on-insulator (SiCOI) film market.

The report profiles key players such as SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), and MTI Corporation (US). These players have adopted various organic and inorganic growth strategies such as product launches and developments, partnerships, collaborations, acquisitions, and joint ventures to expand their presence globally and increase their share in the SiC-on-Insulator (SiCOI) film market.

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Major SiC-on-Insulator (SiCOI) Film companies include:

  • SOITEC (France)
  • iSABers Materials (China)
  • MTI Corporation (US)

SOITEC focuses on organic growth strategies, such as product launches and expansions, and inorganic growth strategies, such as collaborations and acquisitions, which strengthen the company's market position. For instance, in December 2022, SOITEC collaborated with STMicroelectronics, a global semiconductor leader, to advance their SiC substrate technology. SOITEC SmartSiC technology was integrated into ST's 200 mm substrate manufacturing, enhancing their devices and modules. In another instance, in November 2021, SOITEC acquired NovaSiC, highlighting its strategic focus on the electric vehicle market and commitment to SiC technology. This move positions SOITEC to play a key role in advancing electric vehicle technology. However, the company also focuses extensively on developing innovative semiconductor materials and technologies designed to enhance the performance and efficiency of electronic devices across various industries. For instance, in 2023, SOITEC launched its first 200 mm SmartSiC-engineered substrate, expanding its SiC product line. Developed with patented SmartSiC technology, these substrates enhance power electronics performance and increase energy efficiency in electric vehicles.

SICOXS CORPORATION has strategically focused its efforts on developing and manufacturing SiC substrates, recognizing the market potential and demand for these advanced materials, particularly in industries such as electric vehicles. By concentrating its resources and expertise in this niche segment, the company has positioned itself as a leader in SiC substrate technology, capitalizing on the growing electric vehicle market and the broader semiconductor industry. The decision of the player to establish an 8-inch direct bonded SiC substrate (SiCrest) development line at Ohkuchi Electronics Co., Ltd. signifies a strategic move aimed at expanding its production capacity and seizing market opportunities. By investing in new infrastructure and scaling up production capabilities, SICOXS aims to enhance its competitive position and effectively address the evolving needs of its customers.

iSABers Materials strategically utilizes material fusion and heterogeneous integration technology to pioneer advanced semiconductor materials and expand production capabilities. The recent launch of the Tianjin composite substrate production line underscores its commitment to innovation, driving advancements in power electronics. Partnering with investors like Beijing Integrated Circuit Advanced Chip Equity Investment Center, SunGrow, Beijing Futian Industrial Investment, and others, iSABers secured a significant amount of 28 Million USD in the latest funding round, which can be utilized for research, development, and market expansion.

MTI Corporation has made strategic choices to propel its growth and maintain competitiveness in the market. Notably, it has heavily invested in research and development, developing cutting-edge equipment tailored for material research. By prioritizing innovation, MTI Corporation stays at the forefront of technological advancements, ensuring its relevance in the rapidly evolving scientific landscape. Additionally, MTI pursued global expansion by establishing distribution centers across 24 countries. This strategic move enables MTI to tap into diverse markets, broaden its customer base, and effectively adapt to varying market demands. The strategic collaboration with the KJ Group further strengthens MTI's manufacturing capabilities and enhances its global reach, enabling the company to deliver high-quality products and services worldwide.

NGK INSULATORS, LTD. employs collaborative ventures with other companies to develop advanced technologies and products as part of its inorganic strategies and organic strategies, such as new product launches, to expand its market presence. These approaches allow NGK INSULATORS, LTD. to innovate rapidly, enhance its product offerings, and maintain a competitive edge in the market. Additionally, its global expansion strategy underscores its commitment to tapping into diverse markets and reducing dependency on any single region, fostering resilience and adaptability in the face of market fluctuations.

Related Reports:

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

Mr. Aashish Mehra
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SiC-on-Insulator (SiCOI) Film Market Size,  Share & Growth Report
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