SiC-On-Insulator and Other Substrates Companies

SiC-On-Insulator and Other Substrates Companies - Wolfspeed, Inc. (US) and SICC Co., Ltd. (China) are the Key Players

The SiC-on-insulator and other substrates market is estimated to be worth USD 99 million in 2024 and is projected to reach USD 149 million by 2029, at a CAGR of 8.5% during the forecast period. The growing demand for power devices and thermal management solutions is expected to drive the market growth of SiC-on-insulator and other substrates. Moreover, the surging demand for SiC-on-insulator substrates in the photonics industry is expected to provide growth opportunities in SiC-on-insulator and other substrates market in the future.

The major players in the SiC-on-insulator and other substrates market with a significant global presence are Wolfspeed, Inc. (US), SICC Co., Ltd. (China), SOITEC (France), Coherent Corp. (US), GlobalWafers Co., Ltd. (Taiwan). The market players have adopted various strategies such as product launches, partnerships, agreements, collaborations, contracts, acquisitions, cooperations, and expansions to strengthen their position in the SiC-on-insulator and other substrates market. These strategies have helped the companies to meet the global demand for SiC-on-insulator and other substrates and to expand their global footprint in multiple regions.

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Wolfspeed, Inc. (US) offers SiC-on-insulator and other substrates such as semi-insulating SiC substrates and conductive SiC substrates. Wolfspeed focuses on both organic and inorganic growth strategies such as partnerships, agreements, and expansions to strengthen its position in the SiC-on-insulator and other substrates market. For instance, in May 2023, the company partnered with ZF Friedrichshafen AG to establish a joint European R&D center for SiC power electronics in the Nuremberg Metropolitan region. It also focuses on organic growth strategies, such as expansions that strengthen its market position.

SICC Co., Ltd. (China) is a technological company that offers SiC-on-insulator and other substrates such as conductive SiC substrates. The company adopts organic growth strategies, such as expansions, and inorganic growth strategies, such as agreements and contracts. For instance, in May 2023, the company announced its agreement with Infineon Technologies AG to diversify the SiC material supplier base and to have a competitive advantage over SiC sources. In this agreement, the company will supply its high-quality 150 mm wafers and boules to manufacture SiC substrates.

SOITEC. (France) is a manufacturing company that offers SiC-on-insulator and other substrates such as conductive SiC substrates. The company focuses on organic growth strategies, such as product launches and expansions, and inorganic growth strategies, such as cooperation and acquisitions, which strengthen the market position. For instance, in December 2022, the company and STMicroelectronics announced their cooperation in which STMicroelectronics’ client, Tesla Inc., will use SOITEC’s SiC substrate technology in the form of a bigger, 200-mm wafer, which is underdeveloped.

Coherent Corp. (US) offers SiC-on-insulator and other substrates such as semi-insulating SiC substrates and conductive SiC substrates. Coherent Corp. focuses on inorganic growth strategies, such as agreements, collaborations, contracts, and acquisitions, to expand its market reach. For instance, In October 2023, DENSO CORPORATION and Mitsubishi Electric Corporation formed an agreement to invest around USD 1 billion in the company’s SiC business. 

GlobalWafers (Taiwan) is a wafer manufacturer that offers SiC-on-insulator and other substrates such as conductive SiC substrates and semi-insulating SiC substrates. The company focuses on inorganic growth strategies extensively. For instance, In June 2020, GlobalWafers announced its collaboration with National Chiao Tung University (NCTU) to establish a compound semiconductor research center including 6″–8″ SiC and GaN technology to support crystal development for high-performance device applications on SiC and GaN materials.  

Related Reports:

SiC-On-Insulator and Other Substrates Market by Substrate Type (Semi-insulating SiC Substrates, Conductive SiC Substrates), Wafer Size (100mm, 150mm and 200mm), Application (Power Devices, RF Devices) and Region - Global Forecast to 2029

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Silicon on Insulator Market Size,  Share & Growth Report
Report Code
SE 2737
RI Published ON
1/10/2024
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