Global Semi-Insulating Silicon Carbide Wafer Market Size Study & Forecast, by Type (4 Inch SiC Wafer, 6 Inch SiC Wafer), by Application (Power Device, Electronics & Optoelectronics, Wireless Infrastructure, Others), and Regional Analysis, 2023-2030
Global Semi-Insulating Silicon Carbide Wafer Market is valued at approximately USD 438.05 million in 2022 and is anticipated to grow with a healthy growth rate of more than 19.1% over the forecast period 2023-2030. A Semi-insulating Silicon Carbide (SiC) wafer is a type of substrate utilized in the production of high-power and high-frequency electronic devices. SiC wafer is a semiconductor material formed with a combination of silicon and carbon. Semi-insulating SiC wafers have a resistance that ranges between a conductor and an insulator, in contrast to ordinary silicon wafers, which are conductive. They are mostly used in power devices, electronics & optoelectronics, wireless infrastructure, and others. The Semi-Insulating Silicon Carbide Wafer Market is expanding because of factors such as the surging demand for power electronic devices, rising focus on energy efficiency and the transition to clean energy solutions, and significant investments from both public and private sectors in SiC manufacturing capabilities.
In addition, the semi-insulating silicon carbide wafer market is expected to rise due to the rising use of SiC wafer in 5G communication networks and electric cars to supply high power, high voltage, and high-frequency devices. The India Brand Equity Foundation (IBEF) reported that approximately 10% of global car sales were electric in the year 2021, which shows a four-fold increase from the market share in 2019. With this, there are over 16.5 million electric vehicles on the road worldwide, which is three times more than there were in 2018. Accordingly, the growing initiatives for promoting the adoption of electric cars, coupled with the increasing benefits of using semi-insulating silicon carbide wafers in electric vehicles are positively influencing the market growth across the globe. Moreover, the increasing number of government initiatives to promote the adoption of advanced technologies and energy-efficient solutions., as well as the extensive research and development activities present various lucrative opportunities over the forecast years. However, the availability of substitutes and the complex manufacturing process are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Semi-Insulating Silicon Carbide Wafer Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to due to the immense economic growth of nations such as China and India. The adoption of high-tech power devices and high-end gadgets with reduced costs for electronics has increased the consumption of electronic products throughout the region. Major telecom firms in the nations are constructing a network of 5G infrastructure, which is promoting the expansion of the SiC wafer market. The demand for Semi-Insulating Silicon Carbide Wafer has also surged as the country's auto electrification rate rises. Whereas, North America is expected to grow at the highest CAGR over the forecasting years. The substantial presence of well-known companies such as Wolf speed Inc., II-VI Incorporated, and others is promoting regional market growth. Also, the demand for SiC wafers has also been fueled by the increased use of power electronics and the shift to renewable energy sources. The growth of the automotive sector in North American nations such as the US and Canada is also boosting demand and aiding in the expansion of the market for semi-insulating silicon carbide wafers market during the estimated period.
Major market players included in this report are:
Wolfspeed, Inc. (U.S.)
II-VI Incorporated (U.S.)
STMicroelectronics (Switzerland)
ROHM CO., LTD (Japan)
SHOWA DENKO K.K. (Japan)
SICC Co., Ltd. (China)
SK siltron Co. Ltd. (South Korea)
TankeBlue CO., LTD. (China)
CETC Solar Energy Holdings Co., Ltd. (China)
Synlight (China)
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
4 Inch SiC Wafer
6 Inch SiC Wafer
By Application:
Power Device
Electronics & Optoelectronics
Wireless Infrastructure
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
In addition, the semi-insulating silicon carbide wafer market is expected to rise due to the rising use of SiC wafer in 5G communication networks and electric cars to supply high power, high voltage, and high-frequency devices. The India Brand Equity Foundation (IBEF) reported that approximately 10% of global car sales were electric in the year 2021, which shows a four-fold increase from the market share in 2019. With this, there are over 16.5 million electric vehicles on the road worldwide, which is three times more than there were in 2018. Accordingly, the growing initiatives for promoting the adoption of electric cars, coupled with the increasing benefits of using semi-insulating silicon carbide wafers in electric vehicles are positively influencing the market growth across the globe. Moreover, the increasing number of government initiatives to promote the adoption of advanced technologies and energy-efficient solutions., as well as the extensive research and development activities present various lucrative opportunities over the forecast years. However, the availability of substitutes and the complex manufacturing process are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Semi-Insulating Silicon Carbide Wafer Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to due to the immense economic growth of nations such as China and India. The adoption of high-tech power devices and high-end gadgets with reduced costs for electronics has increased the consumption of electronic products throughout the region. Major telecom firms in the nations are constructing a network of 5G infrastructure, which is promoting the expansion of the SiC wafer market. The demand for Semi-Insulating Silicon Carbide Wafer has also surged as the country's auto electrification rate rises. Whereas, North America is expected to grow at the highest CAGR over the forecasting years. The substantial presence of well-known companies such as Wolf speed Inc., II-VI Incorporated, and others is promoting regional market growth. Also, the demand for SiC wafers has also been fueled by the increased use of power electronics and the shift to renewable energy sources. The growth of the automotive sector in North American nations such as the US and Canada is also boosting demand and aiding in the expansion of the market for semi-insulating silicon carbide wafers market during the estimated period.
Major market players included in this report are:
Wolfspeed, Inc. (U.S.)
II-VI Incorporated (U.S.)
STMicroelectronics (Switzerland)
ROHM CO., LTD (Japan)
SHOWA DENKO K.K. (Japan)
SICC Co., Ltd. (China)
SK siltron Co. Ltd. (South Korea)
TankeBlue CO., LTD. (China)
CETC Solar Energy Holdings Co., Ltd. (China)
Synlight (China)
Recent Developments in the Market:
- In May 2022, Rhombus Energy Solutions- an EV charging and power conversion technology company declared that Wolfspeed is supplying SiC technology to enhance the power density, and efficiency, along with promoting faster charging times of their products.
- In March 2022, Showa Denko announced that the company starts the mass production of a 6-inch diameter silicon carbide single-crystal wafer. The objective of this initiative is to enhance the downsizing and energy efficiency of a power module.
- In August 2020, Coherent Corp. announced the acquisition of Ascatron- a pioneer in silicon carbide epitaxial wafer technology, to its vertically integrated Silicon Carbide power electronics technology platform.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Type, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
4 Inch SiC Wafer
6 Inch SiC Wafer
By Application:
Power Device
Electronics & Optoelectronics
Wireless Infrastructure
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Semi-Insulating Silicon Carbide Wafer Market, by Region, 2020-2030 (USD Million)
1.2.2. Semi-Insulating Silicon Carbide Wafer Market, by Type, 2020-2030 (USD Million)
1.2.3. Semi-Insulating Silicon Carbide Wafer Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET DYNAMICS
3.1. Semi-Insulating Silicon Carbide Wafer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Surging demand for power electronic devices
3.1.1.2. Rising use of SiC wafer in 5G communication networks and electric cars
3.1.2. Market Challenges
3.1.2.1. Complex manufacturing process
3.1.2.2. Availability of substitutes
3.1.3. Market Opportunities
3.1.3.1. Increasing number of government initiatives
3.1.3.2. Extensive research and development activities
CHAPTER 4. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, BY TYPE
5.1. Market Snapshot
5.2. Global Semi-Insulating Silicon Carbide Wafer Market by Type, Performance - Potential Analysis
5.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
5.4.1. 4 Inch SiC Wafer
5.4.2. 6 Inch SiC Wafer
CHAPTER 6. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, BY APPLICATION
6.1. Market Snapshot
6.2. Global Semi-Insulating Silicon Carbide Wafer Market by Application, Performance - Potential Analysis
6.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
6.4.1. Power Device
6.4.2. Electronics & Optoelectronics
6.4.3. Wireless Infrastructure
6.4.4. Others
CHAPTER 7. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Semi-Insulating Silicon Carbide Wafer Market, Regional Market Snapshot
7.4. North America Semi-Insulating Silicon Carbide Wafer Market
7.4.1. U.S. Semi-Insulating Silicon Carbide Wafer Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Semi-Insulating Silicon Carbide Wafer Market
7.5. Europe Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.5.1. U.K. Semi-Insulating Silicon Carbide Wafer Market
7.5.2. Germany Semi-Insulating Silicon Carbide Wafer Market
7.5.3. France Semi-Insulating Silicon Carbide Wafer Market
7.5.4. Spain Semi-Insulating Silicon Carbide Wafer Market
7.5.5. Italy Semi-Insulating Silicon Carbide Wafer Market
7.5.6. Rest of Europe Semi-Insulating Silicon Carbide Wafer Market
7.6. Asia-Pacific Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.6.1. China Semi-Insulating Silicon Carbide Wafer Market
7.6.2. India Semi-Insulating Silicon Carbide Wafer Market
7.6.3. Japan Semi-Insulating Silicon Carbide Wafer Market
7.6.4. Australia Semi-Insulating Silicon Carbide Wafer Market
7.6.5. South Korea Semi-Insulating Silicon Carbide Wafer Market
7.6.6. Rest of Asia Pacific Semi-Insulating Silicon Carbide Wafer Market
7.7. Latin America Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.7.1. Brazil Semi-Insulating Silicon Carbide Wafer Market
7.7.2. Mexico Semi-Insulating Silicon Carbide Wafer Market
7.8. Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.1. Saudi Arabia Semi-Insulating Silicon Carbide Wafer Market
7.8.2. South Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.3. Rest of Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Wolfspeed, Inc. (U.S.)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. II-VI Incorporated (U.S.)
8.3.3. STMicroelectronics (Switzerland)
8.3.4. ROHM CO., LTD (Japan)
8.3.5. SHOWA DENKO K.K. (Japan)
8.3.6. SICC Co., Ltd. (China)
8.3.7. SK siltron Co. Ltd. (South Korea)
8.3.8. TankeBlue CO., LTD. (China)
8.3.9. CETC Solar Energy Holdings Co., Ltd. (China)
8.3.10. Synlight (China)
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Semi-Insulating Silicon Carbide Wafer Market, by Region, 2020-2030 (USD Million)
1.2.2. Semi-Insulating Silicon Carbide Wafer Market, by Type, 2020-2030 (USD Million)
1.2.3. Semi-Insulating Silicon Carbide Wafer Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET DYNAMICS
3.1. Semi-Insulating Silicon Carbide Wafer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Surging demand for power electronic devices
3.1.1.2. Rising use of SiC wafer in 5G communication networks and electric cars
3.1.2. Market Challenges
3.1.2.1. Complex manufacturing process
3.1.2.2. Availability of substitutes
3.1.3. Market Opportunities
3.1.3.1. Increasing number of government initiatives
3.1.3.2. Extensive research and development activities
CHAPTER 4. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, BY TYPE
5.1. Market Snapshot
5.2. Global Semi-Insulating Silicon Carbide Wafer Market by Type, Performance - Potential Analysis
5.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
5.4.1. 4 Inch SiC Wafer
5.4.2. 6 Inch SiC Wafer
CHAPTER 6. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, BY APPLICATION
6.1. Market Snapshot
6.2. Global Semi-Insulating Silicon Carbide Wafer Market by Application, Performance - Potential Analysis
6.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
6.4.1. Power Device
6.4.2. Electronics & Optoelectronics
6.4.3. Wireless Infrastructure
6.4.4. Others
CHAPTER 7. GLOBAL SEMI-INSULATING SILICON CARBIDE WAFER MARKET, REGIONAL ANALYSIS
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Semi-Insulating Silicon Carbide Wafer Market, Regional Market Snapshot
7.4. North America Semi-Insulating Silicon Carbide Wafer Market
7.4.1. U.S. Semi-Insulating Silicon Carbide Wafer Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Semi-Insulating Silicon Carbide Wafer Market
7.5. Europe Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.5.1. U.K. Semi-Insulating Silicon Carbide Wafer Market
7.5.2. Germany Semi-Insulating Silicon Carbide Wafer Market
7.5.3. France Semi-Insulating Silicon Carbide Wafer Market
7.5.4. Spain Semi-Insulating Silicon Carbide Wafer Market
7.5.5. Italy Semi-Insulating Silicon Carbide Wafer Market
7.5.6. Rest of Europe Semi-Insulating Silicon Carbide Wafer Market
7.6. Asia-Pacific Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.6.1. China Semi-Insulating Silicon Carbide Wafer Market
7.6.2. India Semi-Insulating Silicon Carbide Wafer Market
7.6.3. Japan Semi-Insulating Silicon Carbide Wafer Market
7.6.4. Australia Semi-Insulating Silicon Carbide Wafer Market
7.6.5. South Korea Semi-Insulating Silicon Carbide Wafer Market
7.6.6. Rest of Asia Pacific Semi-Insulating Silicon Carbide Wafer Market
7.7. Latin America Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.7.1. Brazil Semi-Insulating Silicon Carbide Wafer Market
7.7.2. Mexico Semi-Insulating Silicon Carbide Wafer Market
7.8. Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.1. Saudi Arabia Semi-Insulating Silicon Carbide Wafer Market
7.8.2. South Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.3. Rest of Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market
CHAPTER 8. COMPETITIVE INTELLIGENCE
8.1. Key Company SWOT Analysis
8.1.1. Company
8.1.2. Company
8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Wolfspeed, Inc. (U.S.)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. II-VI Incorporated (U.S.)
8.3.3. STMicroelectronics (Switzerland)
8.3.4. ROHM CO., LTD (Japan)
8.3.5. SHOWA DENKO K.K. (Japan)
8.3.6. SICC Co., Ltd. (China)
8.3.7. SK siltron Co. Ltd. (South Korea)
8.3.8. TankeBlue CO., LTD. (China)
8.3.9. CETC Solar Energy Holdings Co., Ltd. (China)
8.3.10. Synlight (China)
CHAPTER 9. RESEARCH PROCESS
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
