The market for silicon carbide wafers is predicted to grow at a revenue CAGR of 18.7% over the forecast period, from a size of USD 898.7 million in 2021. The main factors propelling market revenue growth are the expanding use of power electronics and the rising demand for silicon carbide for electric vehicle (EV) power electronics.
The unusual electrical and thermal properties of silicon carbide (SiC) make it ideal for cutting-edge high-power and high-frequency semiconductor devices, which operate far beyond the practical limitations of silicon or gallium arsenide devices. The main advantages of SiC-based technology include decreased switching losses, increased power density, better heat dissipation, and increased bandwidth capabilities.
Due to its high utility and distinctive qualities, the third-generation semiconductor material is increasingly in demand across a variety of industries, which is anticipated to significantly fuel market revenue growth. A semiconductor material with good thermal conductivity, energy efficiency, operating frequency, and little thermal expansion is silicon carbide.
SiC devices can be used at junction temperatures higher than those of silicon, even exceeding 200°C, thanks to their wide bandgap and high thermal stability. Additionally, SiC is now used in power applications due to its low drift region resistance. SiC has higher thermal and electrical properties than conventional silicon because of its wider bandgap. Power devices can function well at greater frequencies, temperatures, and voltages thanks to this property.
One of the main factors influencing market revenue growth is the rise in demand for silicon carbide wafers in several industries, including telecommunications, energy and power, automotive, renewable energy generation, and others. Due to its thermal conductivity properties, silicon carbide wafers are largely employed in high-frequency power devices, which are used in a variety of wireless communications applications.
Wafer reclamation and process optimization will become increasingly important as the sector expands and companies handle more wafers. To create prototypes of the next generation’s power devices, STMicroelectronics’ Norrköping, Sweden factory created the first 200mm (8-inch) Silicon-Carbide bulk wafers on July 27, 2021.
Some Key Highlights from the Report
Companies profiled in the global silicon carbide wafer market report include Wolfspeed, Inc., II-VI Incorporated, Showa Denko K.K., SICC Co., Ltd., Xiamen Powerway Advanced Material Co., Ltd., Atecom Technology Co., Ltd., CETC Solar Energy Holdings Co., Ltd., Entegris, Ferrotec Holdings Corporation, and SiCrystal GmbH.
Driver: Rising Demand For Silicon Carbide In Telecommunication And Aviation Sector
One of the key factors fuelling market revenue growth is the telecommunications sector’s rising need for silicon carbide. SiC wafers are anticipated to be in high demand in the electronic sector to fulfill technical demands, while the semiconductor sector develops and maintains cutting-edge technology to remain competitive. The quickening pace of 5G network installation in telecommunications businesses raised the demand for power semiconductors. The utilization of MIMO antenna systems with a 5G transmitter is heavily hampered by RF front-end standards. Power amplifier technology is being developed with a lot of industry effort and research to meet needs under 5G operating circumstances and over the new 5G spectrum. To reduce the size and weight of these new MIMO antennas, design and component selection are essential.
COVID-19 Analysis:
Both the demand and supply sides of the semiconductor manufacturing market were impacted by the COVID-19 epidemic. In addition, the worldwide standstill and the closing of semiconductor plants made the supply deficit worse. For the next generation of vehicles, including inverters, onboard chargers (OBC), and DC converters, some automakers kept validating SiC discrete components or modules.
Wafer Size Outlook (Revenue, USD Million; 2019–2030)
- 2-Inch
- 4-Inch
- 6-Inch & Above
Device Outlook (Revenue, USD Million; 2019–2030)
- SiC Discrete Device
- Silicon Diode
- Silicon MOSFET
- SiC Bare Die
- SiC Module
Application Outlook (Revenue, USD Million; 2019–2030)
- Power Grid Device
- Flexible AC Transmission Systems
- RF Device & Cellular Base Station
- High-voltage, Direct Current
- Power Supply & Inverter
- Electronic Combat System
- Lighting Control
- Industrial Motor Drive
- EV Charging
- EV Motor Drive
- Solar Energy
- Wind Energy
- Flame Detector
- Others
Industry Outlook (Revenue, USD Million; 2019–2030)
- Telecommunication
- 2-Inch
- 4-Inch
- 6-Inch & Above
- Energy & Power
- 2-Inch
- 4-Inch
- 6-Inch & Above
- Power Electronics
- 2-Inch
- 4-Inch
- 6-Inch & Above
- Automotive
- 2-Inch
- 4-Inch
- 6-Inch & Above
- Renewable Power Generation
- 2-Inch
- 4-Inch
- 6-Inch & Above
- Defense
- 2-Inch
- 4-Inch
- 6-Inch & Above
Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Europe
- the Asia Pacific
- Latin America
- Middle East & Africa
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