Market Analysis and Insights: Global Silicon Carbide (SiC) Wafer Market

SiC single crystal wafers have excellent heat resistance and voltage resistance compared to silicon wafers that are widely used for semiconductors. SiC single crystal wafers can remarkably reduce energy loss during electric power control, significantly contributing to the reduction of energy use and environmental stress. They are highly expected as substrate materials for the next-generation.

Due to the COVID-19 pandemic, the global Silicon Carbide (SiC) Wafer market size is estimated to be worth US$ 596.8 million in 2022 and is forecast to a readjusted size of US$ 1202.7 million by 2029 with a CAGR of 11.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, 4 Inch accounting for % of the Silicon Carbide (SiC) Wafer global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Power Device segment is altered to an % CAGR throughout this forecast period.

Global core silicon carbide (SiC) wafer manufacturers include Wolfspeed, SK Siltron and SiCrystal etc. The top 3 companies hold a share about 75%. North America is the largest market, with a share about 45%, followed by Europe and Asia Pacific with the share about 27% and 26%.In terms of product, 4 inch is the largest segment, with a share over 65%. And in terms of application, the largest application is power evice, followed by wireless infrastructure.

Global Silicon Carbide (SiC) Wafer Scope and Market Size

The global Silicon Carbide (SiC) Wafer market is segmented by company, region (country), size and application. Players, stakeholders, and other participants in the global Silicon Carbide (SiC) Wafer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), size and application for the period 2018-2029.

Segment by Size

4 Inch

6 Inch

8 Inch


Segment by Application


Power Device

Electronics & Optoelectronics

Wireless Infrastructure

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Cree

DuPont (Dow Corning)

SiCrystal

II-VI Advanced Materials

Nippon Steel & Sumitomo Metal

Showa Denko

Norstel

TankeBlue

SICC

Hebei Synlight Crystal

CETC

Wolfspeed

SK Siltron