PUBLISHER: Lucintel | PRODUCT CODE: 1263977
PUBLISHER: Lucintel | PRODUCT CODE: 1263977
Silicon Carbide Market Trends and Forecast
The future of the global silicon carbide market looks promising with opportunities in automotive, energy, industrial transportation, telecom and infrastructure, consumer industries. The global silicon carbide market is expected to grow with a CAGR of 17.8% from 2023 to 2028. The major drivers for this market are strong demand from the steel manufacturing & steel processing industry and rapidly growing demand from the electronics industry.
Emerging Trends in the Silicon Carbide Market
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of smartcut SiC technology, growing emergence of larger sized SiC wafers, and growing emergence of polished silicon carbide (SiC) wafer manufacturing.
A total of 129 figures / charts and 119 tables are provided in this more than 235-page report to help in your business decisions. Sample figures with some insights are shown below.
In this market, SiC discrete devices is the largest SiC based device, whereas automotive is the largest end use. Growth in various segments of the silicon carbide market are given below:
By SiC Based Device [Value ($ Million) shipment analysis for 2017 - 2028]:
By Application [Value ($ Million) shipment analysis for 2017 - 2028]:
By Wafer Size [Value ($ Million) shipment analysis for 2017 - 2028]:
By End Use [Value ($ Million) shipment analysis for 2017 - 2028]:
By Region [Value ($ Million) shipment analysis for 2017 - 2028]:
List of Silicon Carbide Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies silicon carbide companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the silicon carbide companies profiled in this report include.
Silicon Carbide Market Insights
Features of the Silicon Carbide Market
FAQ
Q1. What is the silicon carbide market size?
Answer:The global silicon carbide market is expected to reach an estimated $3 billion by 2028.
Q2. What is the growth forecast for silicon carbide market?
Answer:The silicon carbide market is expected to grow at a CAGR of ~17.8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the silicon carbide market?
Answer: The major drivers for this market are strong demand from the steel manufacturing & steel processing industry and rapidly growing demand from the electronics industry.
Q4. What are the major applications or end use industries for silicon carbide?
Answer:automotive, energy, industrial transportation, telecom and infrastructure, consumer industries
Q5. What are the emerging trends in silicon carbide market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of smartcut SiC technology, growing emergence of larger sized SiC wafers, and growing emergence of polished silicon carbide (SiC) wafer manufacturing.
Q6. Who are the key silicon carbide companies?
Answer:Some of the key silicon carbide companies are as follows:
Q7.Which silicon carbide SiC based device segment will be the largest in future?
Answer: Lucintel forecasts that SiC discrete devices will remain the largest segment over the forecast period due to increasing demand for SiC discrete device in RF and cellular base station application, power supplies, and inverters.
Q8. In silicon carbide market, which region is expected to be the largest in next 5 years?
Answer:APAC will remain the largest region in next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.