Market Overview:
The global silicon carbide (SiC) wafer market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for hybrid electric vehicles and power electronic switches. Additionally, the LED lighting segment is also projected to witness significant growth during the forecast period owing to the growing demand for energy-efficient lighting solutions across various applications. However, high manufacturing costs and limited supply are some of the major factors restraining market growth.
 Wafer Industry Outlook.svg)
Product Definition:
Silicon Carbide (SiC) is a synthetic crystalline material made of silicon and carbon. It has unique properties that make it suitable for a variety of high-performance applications, including semiconductor devices, power electronics, optical components and radiation-hardened parts. Silicon carbide wafers are used in the fabrication of semiconductor devices.
2 Inch SiC Wafer (4H-SiC & 6H-SiC):
2 inch SiC Wafer (4H-SiC & 6H-SiC) is a type of semiconductor wafer that consists of silicon carbide with an average grain size of 2 inches. These types of wafers are used in the manufacturing process for integrated circuits or microchips. The growing demand for electronic devices and the continuous rise in their production are expected to drive this market over the forecast period.
3 Inch SiC Wafer (4H-SiC & 6H-SiC):
3 inch SiC Wafer (4H-SiC & 6H-SiC) is a type of semiconductor wafer that consists of silicon carbide grains. The size and shape of the 3 inch SiC Wafers are optimized for high performance in power devices, opto electronic devices, MEMS sensors and RF circuits. The optimum aspect ratio (AR) helps to enhance the current collection on the surface which further enhances device performance by reducing diffusion losses.
Application Insights:
Hybrid electric vehicles (HEVs) accounted for the largest revenue share of over 40% in 2017. HEVs use silicon carbide wafer owing to its high thermal conductivity which helps in dissipating the excess heat generated by the hybrid engine. The power electronic switches segment is projected to witness significant growth over the forecast period owing to increasing demand from various end-use industries such as automotive, healthcare and lighting. Silicon carbide based power electronic switches are used in numerous applications including ignition, fuel injection control systems and battery management systems among others.
The LED lighting application segment is expected to grow at a CAGR of XX% from 2018 to 2030 on account of growing adoption across several end-use industries such as automotive, construction and electronics among others. Silicon carbide offers high efficiency compared with traditional light sources which makes it highly suitable for use in LED lights offering higher brightness with less energy consumption thus driving market growth over the coming years.
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for hybrid electric vehicles, power electronic switches, LED lighting and other applications. China is projected to remain a key country in this industry owing to low production cost coupled with easy availability of raw materials such as silica sand along with high domestic consumption.
The U.S., Germany, Japan are some of the major countries that consume large amount silicon carbide wafers on account of their robust features including high electrical conductivity and thermal conductivity which makes them suitable for use in numerous industries including electronics & telecommunication, automotive & transportation among others.
Growth Factors:
- The global SiC wafer market is projected to grow at a CAGR of 9.5% from 2017 to 2022, reaching a value of USD 1,711.8 million by 2022.
- The growth of the SiC wafer market can be attributed to the increasing demand for high-efficiency and high-power semiconductor devices across various applications such as automotive, consumer electronics, telecommunications, and industrial sectors.
- Growing demand for energy-efficient electronic devices is also fueling the growth of the SiC wafer market globally.
- Increasing investments in R&D activities for developing new and advanced semiconductor technologies are also propelling the growth of this market worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Silicon Carbide（SiC) Wafer Market Research Report
By Type
2 Inch SiC Wafer (4H-SiC & 6H-SiC), 3 Inch SiC Wafer (4H-SiC & 6H-SiC), 4 Inch SiC Wafer (4H-SiC & 6H-SiC), 6 Inch SiC Wafer (4H-SiC & 6H-SiC), Others
By Application
Hybrid Electric Vehicles, Power Electronic Switches, LED Lighting, Others
By Companies
Norstel, Xiamen Powerway Advanced Material Co, SiCrystal, American Elements, General Electric, DowDupont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Silicon Carbide（SiC) Wafer Market Report Segments:
The global Silicon Carbide（SiC) Wafer market is segmented on the basis of:
Types
2 Inch SiC Wafer (4H-SiC & 6H-SiC), 3 Inch SiC Wafer (4H-SiC & 6H-SiC), 4 Inch SiC Wafer (4H-SiC & 6H-SiC), 6 Inch SiC Wafer (4H-SiC & 6H-SiC), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hybrid Electric Vehicles, Power Electronic Switches, LED Lighting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Norstel
- Xiamen Powerway Advanced Material Co
- SiCrystal
- American Elements
- General Electric
- DowDupont
 Wafer Market Overview.svg)
Highlights of The Silicon Carbide（SiC) Wafer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
- 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
- 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
- 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
- Others
- By Application:
- Hybrid Electric Vehicles
- Power Electronic Switches
- LED Lighting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silicon Carbide（SiC) Wafer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Wafer Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A silicon carbide wafer is a thin, flat piece of silicon that has been cut into very small pieces. Silicon carbide is a type of semiconductor material that can be used in electronic devices and circuits.
Some of the major companies in the silicon carbide（sic) wafer market are Norstel, Xiamen Powerway Advanced Material Co, SiCrystal, American Elements, General Electric, DowDupont.
The silicon carbide¯¼ë†sic) wafer market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicon Carbide（SiC) Wafer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicon Carbide（SiC) Wafer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicon Carbide（SiC) Wafer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicon Carbide（SiC) Wafer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicon Carbide（SiC) Wafer Market Size & Forecast, 2018-2028
4.5.1 Silicon Carbide（SiC) Wafer Market Size and Y-o-Y Growth
4.5.2 Silicon Carbide（SiC) Wafer Market Absolute $ Opportunity
Chapter 5 Global Silicon Carbide（SiC) Wafer Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Silicon Carbide（SiC) Wafer Market Size Forecast by Type
5.2.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.2.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.2.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.2.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Silicon Carbide（SiC) Wafer Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
6.2.1 Hybrid Electric Vehicles
6.2.2 Power Electronic Switches
6.2.3 LED Lighting
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Silicon Carbide（SiC) Wafer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silicon Carbide（SiC) Wafer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Silicon Carbide（SiC) Wafer Analysis and Forecast
9.1 Introduction
9.2 North America Silicon Carbide（SiC) Wafer Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Silicon Carbide（SiC) Wafer Market Size Forecast by Type
9.6.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.6.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.6.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.6.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
9.10.1 Hybrid Electric Vehicles
9.10.2 Power Electronic Switches
9.10.3 LED Lighting
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Silicon Carbide（SiC) Wafer Analysis and Forecast
10.1 Introduction
10.2 Europe Silicon Carbide（SiC) Wafer Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Silicon Carbide（SiC) Wafer Market Size Forecast by Type
10.6.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.6.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.6.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.6.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
10.10.1 Hybrid Electric Vehicles
10.10.2 Power Electronic Switches
10.10.3 LED Lighting
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Silicon Carbide（SiC) Wafer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Silicon Carbide（SiC) Wafer Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Silicon Carbide（SiC) Wafer Market Size Forecast by Type
11.6.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.6.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.6.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.6.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
11.10.1 Hybrid Electric Vehicles
11.10.2 Power Electronic Switches
11.10.3 LED Lighting
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Silicon Carbide（SiC) Wafer Analysis and Forecast
12.1 Introduction
12.2 Latin America Silicon Carbide（SiC) Wafer Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Silicon Carbide（SiC) Wafer Market Size Forecast by Type
12.6.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.6.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.6.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.6.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
12.10.1 Hybrid Electric Vehicles
12.10.2 Power Electronic Switches
12.10.3 LED Lighting
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Silicon Carbide（SiC) Wafer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Silicon Carbide（SiC) Wafer Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Silicon Carbide（SiC) Wafer Market Size Forecast by Type
13.6.1 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.6.2 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.6.3 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.6.4 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Silicon Carbide（SiC) Wafer Market Size Forecast by Applications
13.10.1 Hybrid Electric Vehicles
13.10.2 Power Electronic Switches
13.10.3 LED Lighting
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Silicon Carbide（SiC) Wafer Market: Competitive Dashboard
14.2 Global Silicon Carbide（SiC) Wafer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norstel
14.3.2 Xiamen Powerway Advanced Material Co
14.3.3 SiCrystal
14.3.4 American Elements
14.3.5 General Electric
14.3.6 DowDupont
