Market Overview:
The global silicon carbide (SiC) wafer market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for SiC wafers from various applications, such as hybrid electric vehicles, power electronic switches, LED lighting, and others. In addition, the growing demand for semiconductor devices is also contributing to the growth of this market.
Product Definition:
A Silicon Carbide (SiC) Wafer is a semiconductor wafer made of silicon carbide. Silicon carbide has a very high thermal conductivity, which makes it an ideal material for use in heat-dissipating applications such as power semiconductors and LED lighting.
2 Inch SiC Wafer (4H-SiC & 6H-SiC):
2 inch SiC Wafer (4H-SiC & 6H-SiC) is a type of semiconductor wafer made from silicon carbide. It has applications in electronic devices such as mobile phones, LED drivers and display drivers among others. The growth factor for this market is the increasing demand for high performance and low power devices with advanced features at an affordable price point which will drive the 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 material used in the manufacturing of silicon carbide (SiC) wafers. The 3 inches SiC wafer has a composition range from 40% to 60% silicon and rest carbon with an average composition of around 50%.
Application Insights:
Hybrid electric vehicles (HEVs) dominated the market in terms of revenue share in 2017. HEVs are expected to witness significant growth over the forecast period owing to stringent regulations regarding reduction of carbon emissions from automotive industries around the globe. Silicon carbide offers superior heat dissipation properties which enable its use in hybrid vehicle powertrain systems, thereby driving its demand for wafer form factor.
Power electronic switches is another key application segment where SiC Wafers are used as a replacement for silicon steel sheets due to their better electrical properties and low thermal conductivity, resulting in improved switch performance at high frequencies with low power consumption. The rapidly growing energy storage sector across various regions is also anticipated to have a positive impact on 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 electronic devices, such as smartphones and laptops, which require high-quality semiconductors. Moreover, increasing investments by key players in developing countries of Asia Pacific are anticipated to boost industry expansion over the coming years.
The Latin American regional market is projected to witness significant growth from 2018 to 2030 owing SiC technology applications in hybrid electric vehicles and power electronics switches that are widely used across various end-use industries including industrial, transportation & logistics (IT&T), consumer appliances among others.
Growth Factors:
- Increasing demand from the semiconductor and electronics industries for high-performance, energy-efficient devices is expected to drive the growth of the SiC wafer market.
- Rising demand for power devices owing to increase in adoption of renewable energy sources is another key factor that would fuel the growth of this market in near future.
- Growing popularity of electric vehicles (EVs) is also anticipated to create lucrative opportunities for SiC wafer market players over next few years.
- Proliferation of Internet-of-Things (IoT) and increasing number of data centers are also projected to boost the uptake of SiC wafers in near future.
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, Dow Corning Corporation
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
235
Number of Tables & Figures
165
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
- Dow Corning Corporation
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
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?
Silicon Carbide (SiC) Wafer is a semiconductor material that has the potential to replace silicon in many applications. SiC wafers are made from a single crystal of silicon and carbon, which makes them very strong and resistant to heat and other types of damage.
Some of the major players in the silicon carbide (sic) wafer market are Norstel, Xiamen Powerway Advanced Material Co, SiCrystal, American Elements, General Electric, Dow Corning Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Silicon Carbide (SiC) Wafer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Silicon Carbide (SiC) Wafer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Silicon Carbide (SiC) Wafer Market - Supply Chain
4.5. Global Silicon Carbide (SiC) Wafer Market Forecast
4.5.1. Silicon Carbide (SiC) Wafer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Silicon Carbide (SiC) Wafer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Silicon Carbide (SiC) Wafer Market Absolute $ Opportunity
5. Global Silicon Carbide (SiC) Wafer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
5.3.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.3.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.3.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.3.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Silicon Carbide (SiC) Wafer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
6.3.1. Hybrid Electric Vehicles
6.3.2. Power Electronic Switches
6.3.3. LED Lighting
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Silicon Carbide (SiC) Wafer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Silicon Carbide (SiC) Wafer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Silicon Carbide (SiC) Wafer Demand Share Forecast, 2019-2026
9. North America Silicon Carbide (SiC) Wafer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
9.4.1. Hybrid Electric Vehicles
9.4.2. Power Electronic Switches
9.4.3. LED Lighting
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
9.7.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.7.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.7.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.7.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Silicon Carbide (SiC) Wafer Demand Share Forecast, 2019-2026
10. Latin America Silicon Carbide (SiC) Wafer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
10.4.1. Hybrid Electric Vehicles
10.4.2. Power Electronic Switches
10.4.3. LED Lighting
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
10.7.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.7.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.7.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.7.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Silicon Carbide (SiC) Wafer Demand Share Forecast, 2019-2026
11. Europe Silicon Carbide (SiC) Wafer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
11.4.1. Hybrid Electric Vehicles
11.4.2. Power Electronic Switches
11.4.3. LED Lighting
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
11.7.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.7.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.7.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.7.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Silicon Carbide (SiC) Wafer Demand Share, 2019-2026
12. Asia Pacific Silicon Carbide (SiC) Wafer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
12.4.1. Hybrid Electric Vehicles
12.4.2. Power Electronic Switches
12.4.3. LED Lighting
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
12.7.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.7.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.7.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.7.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Silicon Carbide (SiC) Wafer Demand Share, 2019-2026
13. Middle East & Africa Silicon Carbide (SiC) Wafer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Silicon Carbide (SiC) Wafer Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Application
13.4.1. Hybrid Electric Vehicles
13.4.2. Power Electronic Switches
13.4.3. LED Lighting
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Silicon Carbide (SiC) Wafer Market Size and Volume Forecast by Type
13.7.1. 2 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.7.2. 3 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.7.3. 4 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.7.4. 6 Inch SiC Wafer (4H-SiC & 6H-SiC)
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Silicon Carbide (SiC) Wafer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Silicon Carbide (SiC) Wafer Market: Market Share Analysis
14.2. Silicon Carbide (SiC) Wafer Distributors and Customers
14.3. Silicon Carbide (SiC) Wafer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Norstel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Xiamen Powerway Advanced Material Co
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SiCrystal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. American Elements
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dow Corning Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook