SiC Power Semiconductor Market Research Report, by Device (Discrete Devices, Bare Die Device), by Wafer Size (2-inch, 4-inch, 6-inch & above), End Users (Telecommunication, Energy and Power, Power Electronics), by Application — Global Forecast till 2023
The prominent players in the market of SiC power semiconductor are Infineon Technologies AG (Germany), Cree Inc. (Wolfspeed) (USA), Rohm Semiconductor (Japan), STMicroelectronics N.V. (Switzerland), Fuji Electric Co., Ltd. (Japan), On Semiconductor Corporation (US), GENERAL ELECTRIC (US), United Silicon Carbide, Inc. (US)
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Globally, silicon carbide or SiC power semiconductor market is expected to grow from USD 260.5 million in 2017 to USD 689.5 million by 2023, at a CAGR of 18.1% during the forecast period. One of the major factors driving the SiC power semiconductor market is the ability of SiC-based semiconductors to perform even at high temperature, high voltages and power as they have high thermal shock resistance, and superior thermal conductivity.
By device, the market is segmented into discrete device, bare die device.
By wafer size, the market is segmented into 2-inch, 4-inch and 6-inch and above.
By application, the market is segmented into RF devices and cellular base stations, power supply and inverters, power grid devices, EV motor drives, industrial motor drives, lighting control, and others.
SiC power semiconductor market is witnessing a major growth trend due to increasing demand for semiconductors in various applications in telecommunications, electric vehicles, power generation, and others.
In August 2018, Hitachi Ltd. announced the development of an energy power saving SiC semiconductor named TED-MOS that can be used in electric vehicles (EV) for saving energy.
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The global market for SiC power semiconductors is estimated to grow at a moderate rate during the forecast period from 2018 to 2023. The geographical analysis of SiC power semiconductor market is done for North America, Europe, Asia-Pacific, and the rest of the world.
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• Electronic design automation (EDA) and design tool vendors IT & telecommunication industry
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Original design manufacturers (ODMs)
• Automotive ODM and OEM technology solution providers
• Research institutes and organizations
• Technology investors
• Governments and other regulatory bodies
• Suppliers and distributors
• Technology, service, and solution providers