Silicon Carbide Companies - STMicroelectronics N.V. (Switzerland) and Infineon Technologies AG (Germany) are the Key Players
The silicon carbide market is estimated to be worth USD 4.2 billion in 2024 and is projected to reach USD 17.2 billion by 2029, at a CAGR of 32.6% during the forecast period. The growing deployment of SiC devices in electric vehicles is a key factor that contributes towards the market growth of silicon carbide. Moreover, surging adoption of SiC devices in telecommunication applications is expected to provide growth opportunities for market players offering silicon carbide devices.
The major players in the silicon carbide market with a significant global presence are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), Semiconductor Components Industries, LLC (US), WOLFSPEED, INC. (US), and ROHM Co., Ltd. (Japan). The market players have adopted various strategies such as product launches, agreements, partnerships, collaborations, contracts, acquisitions, and expansions to strengthen their position in the silicon carbide market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing innovative and advanced SiC devices.
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Major Silicon Carbide companies include:
- STMicroelectronics N.V. (Switzerland)
- Infineon Technologies AG (Germany)
- Semiconductor Components Industries, LLC (US)
- WOLSPEED, INC. (US), ROHM Co., Ltd. (Japan)
- Fuji Electric Co., Ltd. (Japan)
- TOSHIBA CORPORATION (Japan)
- Microchip Technology Inc. (US)
- Mitsubishi Electric Corporation (Japan)
- Coherent Corp. (US)
STMicroelectronics N.V. (Switzerland) is a multinational company that offers SiC discrete devices and SiC modules that caters to applications such as automotive, energy & power, industrial, transportation, and telecommunication. The company focuses on organic growth strategies such as product launches and expansions and inorganic growth strategies such as agreements and collaborations. For instance, in December 2023, STMicroelectronics N.V. announced an agreement with Li Auto, a China based manufacturer of smart premium electric vehicles. Under this agreement, STMicroelectronics will supply SiC MOSFET devices to support Li Auto’s strategy around high-voltage battery electric vehicles (BEVs) in various market segments.
Infineon Technologies AG (Germany) is a manufacturing company that offers SiC discrete devices and SiC modules that cater to applications such as automotive, energy & power, industrial, transportation, and telecommunication. The company focuses on organic growth strategies such as product launches ad inorganic growth strategies such as collaborations, agreements, and partnerships. For instance, in February 2024, Infineon Technologies AG signed a MoU to build a strategic collaboration with Honda Motor Co., Ltd. to work on projects that are aimed at accelerating the time to market of technologies. In this collaboration Infineon will provide Honda with technologies such as power semiconductors, Advanced Driver Assistance Systems (ADAS), and E/E architectures to enable competitive and advanced vehicles.
Semiconductor Components Industries, LLC (US) is a manufacturing company that offers SiC discrete devices and SiC modules that cater to applications such as automotive, energy & power, industrial, transportation, and telecommunication. The company focuses on organic growth strategies such as product launches and expansions and inorganic growth strategies such as agreements, collaborations and acquisitions. For instance, In July 2023, Semiconductor Components Industries, LLC and BorgWarner Inc. announced a strategic collaboration to deliver SiC based innovative and sustainable mobility solutions. Under this collaboration, BorgWarner plans to integrate onsemi EliteSiC 1200 V and 750 V power devices into its VIPER power modules.
WOLFSPEED, INC. (US) offers SiC discrete device and SiC modules that cater to applications such as automotive, energy & power, industrial, transportation, telecommunication and others that include space research and nuclear power. The company focuses on organic growth strategies such as product launches and expansions and inorganic growth strategies such as agreements, and partnerships. For instance, in April 2022, WOLFSPEED, INC. opened the Mohawk Valley Silicon Carbide fabrication facility (New York), a state-of-the-art 200mm wafer fab, which would help lead the industry-wide transition from silicon-to-silicon carbide-based semiconductors. This facility is expected to meet the steepening demand for silicon carbide devices across automotive and industrial applications.
ROHM Co., Ltd. (Japan) offers SiC discrete devices and SiC modules that caters to applications such as automotive, energy & power, industrial, transportation, telecommunication. The company focuses on organic growth strategies such as product launches and inorganic growth strategies such as partnerships and agreements. For instance, in December 2022, ROHM Co., Ltd. partnered with Shenzhen BASiC Semiconductor Ltd., a leading company in China’s next-generation power semiconductor industry. This is a strategic partnership agreement on SiC power devices for automotive applications. Under this partnership, both the companies will leverage their respective strengths to innovate and improve the performance of SiC power devices and develop high performing, efficient, and reliable SiC solutions for new energy vehicles.
Related Reports:
Silicon Carbide Market by Device (SiC Discrete Device, SiC Module), Wafer Size (Up to 150mm, >150mm), End-use Application (Automotive, Energy & Power, Industrial, Transportation), Material, Crystal Structure and Region - Global Forecast to 2029
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