Key Market Overview:
Semi-Insulating Silicon Carbide Wafer Market is estimated to reach over USD 1476.77 Million by 2030 from a value of USD 429.30 Million in 2022, growing at a CAGR of 16.70% from 2023 to 2030.
Semi-insulating silicon carbide (SiC) wafers are a type of substrate material used in the production of electronic devices, particularly in the field of power electronics. SiC is a wide bandgap semiconductor material with unique electrical and thermal properties that make it ideal for high-power and high-temperature applications such as electric vehicles (EVs) and hybrid electric vehicles (HEVs). Semi-insulating SiC wafers are used in power converters such as AC-DC and DC-DC converters to convert high-voltage, high-current AC power to low-voltage DC power.
The increasing demand for high-power electronics, such as electric vehicles, renewable energy systems, and industrial motors, is driving the demand for semi-insulating SiC wafers. Semi-insulating SiC wafers have a lower electrical conductivity compared to fully conducting SiC wafers. Additionally, SiCs high thermal conductivity allows it to efficiently dissipate heat, making it an ideal choice for power electronics that need to operate at high temperatures. For instance, in January 2023, Wolfspeed, Inc. announced to provide SiC power devices for future Mercedes-Benz electric vehicle (EV) platforms. Semi-insulating SiC wafers provide a longer driving range and shorter charging times for electric vehicles. The use of Wolfspeeds semi-insulating SiC power devices in Mercedes-Benz EVs is expected to help improve the efficiency, range, and performance of these vehicles.
Semi-Insulating Silicon Carbide Wafer Report Coverage
|Market Size in 2030 (USD Million)
|USD 1476.77 Million
|4-inch SiC Wafer and 6-inch SiC Wafer
|Power Devices, Electronics and Optoelectronics, Wireless Infrastructure, and Others
|Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|WOLFSPEED, Inc., Coherent Corporation, STMicroelectronics, ROHM Co., Ltd., SHOWA DENKO K.K., SICC Co., Ltd., SK siltron Co. Ltd., TankeBlue CO., Ltd., CETC Solar Energy Holdings Co., Ltd., Synlight
Semi-insulating silicon carbide (SiC) wafers are gaining importance in the automotive industry due to their unique properties such as high thermal for application in automotive industry. Moreover, SiC is a robust and durable material that withstand harsh environments and high temperatures for long-term use in automotive applications. For instance, in March 2022, Resonac launched 6-inch diameter SiC wafers to be installed into SiC-based power semiconductors. Semi-insulating SiC wafers have excellent heat-resistant properties suitable for use in electric vehicles, railcars, and industrial equipment. Therefore, the demand for semi-insulating SiC wafers in the automotive industry is accelerating the growth of the market.
Silicon carbide is a rare mineral, and the limited availability of high-quality raw materials restricts the growth of the SiC wafer market. Moreover, Silicon carbide (SiC) is difficult to process and manufacture due to its hardness. Besides being a hard material, SiC is very brittle leading to a higher risk of cracking and breakage during the production process, which impacts the yield and reliability of SiC-based components thereby restraining the growth of the market.
Semi-insulating silicon carbide (SiC) wafers are gaining prominence in the telecommunication industry due to their superior properties and advantages such as high thermal conductivity and high-frequency performance. These wafers have high electron mobility, which enables them to operate at high frequencies with low power loss, making them ideal for high-frequency telecommunication applications such as 5G networks. Such benefits make SiC wafers a promising solution for the telecommunication industry and are expected to drive the growth of the semi-insulating SiC wafer market during the forecast period.
Semi-Insulating Silicon Carbide Wafer Market Segmentation:
Based on the type, the market is bifurcated into 4-inch SiC wafers and 6-inch SiC wafers. The 6-inch SiC wafer dominates the market and contributes the largest revenue share in 2022. 6-inch SiC wafers are circular silicon wafers and are 6 inches (150mm) in diameter. 6-inch SiC wafers are commonly used in the semiconductor industry for the fabrication of integrated circuits and power devices, such as diodes, transistors, and thyristors. For instance, in September 2022, AIXTRON launched a next-generation G10-SiC 150/200mm product solution for silicon carbide epitaxy. The new G10-SiC system provides improved performance and efficiency compared to previous generations and offers a range of new features and benefits, including increased process control, improved uniformity, and enhanced reliability.
The 4-inch SiC wafer is anticipated to register highest CAGR during the forecast period due to its small size and low cost in comparison to 6-inch SiC wafers. 4-inch SiC wafers are used for smaller, low-volume components such as power diodes, MOSFETs, and JFETs. Furthermore, 4-inch SiC wafers are also used in the production of RF (Radio Frequency) devices, including high-frequency power amplifiers, filters, and switches.
Based on application, the market is segmented into power devices, electronics and optoelectronics, wireless infrastructure, and others. Power devices dominate the global market and account for the largest revenue share in 2022. Semi-insulating SiC wafers are used as substrate materials for the manufacture of SiC-based power devices, such as power diodes, MOSFETs, and JBS diodes. SiC wafers offer several advantages over traditional silicon wafers in power devices, including higher operating temperatures, higher power efficiency, and faster switching speeds. For instance, in December 2022, Wolfspeed announced to expand its agreement with a leading global semiconductor company for the supply of a 150mm silicon carbide wafer.
Electronics and Optoelectronics segment is expected to grow in the forecast period due to the increasing demand for efficient and high-performance devices for various applications such as telecommunication and data storage. The use of semi-insulating silicon carbide (SiC) wafers in the electronics and optoelectronics industry has become increasingly popular due to its high thermal stability, high-frequency operation capability, and low power loss. Due to these properties, SiC wafers are used in devices such as high-speed transistors, laser diodes, and photodetectors.
Asia-Pacific dominated the semi-insulating SiC wafer market in 2022. The adoption of high-end technology devices is driving the growth of the semi-insulating silicon carbide wafer market in the Asia Pacific region. The growing demand for consumer electronics, such as smartphones and laptops, is fueling the growth of the semiconductor industry in the region, leading to increased demand for semi-insulating silicon carbide wafers. For instance, government of China has been actively promoting Made in China 2025 plan which aims to upgrade Chinas manufacturing capabilities to become more self-sufficient in key industries, including high-tech industries such as semiconductors.
North America is anticipated to grow with the fastest CAGR during the forecast period due to the presence of major players such as Wolfspeed, Inc., II-VI Incorporated in the region. Moreover, the availability of advanced manufacturing facilities and well-established supply chains in North America has been fueling the growth of the semi-insulating silicon carbide wafer market which is further anticipated to grow during the forecast period. Furthermore, Government of the United States passed the CHIPS Act of 2022 to boost the countrys semiconductor industry. The act aims to strengthen domestic semiconductor manufacturing and design, enhance the economy and national security, and reinforce Americas chip supply chains. Therefore, the market for semi-insulating silicon carbide wafers is expected to propel in this region.
Semi-insulating Silicon Carbide Wafer Market Competitive Landscape:
The market for semi-insulating silicon carbide wafers is becoming more competitive due to the presence of major payers operating in international and domestic markets. The key market players are adopting strategies for mergers and acquisitions, and product innovations to stay competitive in the market. The following are the major players in the global market:
• WOLFSPEED, Inc.
• Coherent Corporation
• ROHM Co., Ltd.
• SHOWA DENKO K.K.
• SICC Co., Ltd.
• SK siltron Co. Ltd.
• TankeBlue Co., Ltd.
• CETC Solar Energy Holdings Co., Ltd.
• In January 2023, Onsemi launched its new 1700 V EliteSiC industrial silicon carbide (SiC) solutions for high-voltage, high-frequency, and high-temperature devices in various industrial applications.
• In May 2022, Rhombus Energy Solutions, a company specializing in EV charging and power conversion technology, announced a partnership with Wolfspeed, a company known for its silicon carbide (SiC) power electronics solutions. This partnership aims to improve the efficiency, power density, and quicker charging time of Rhombus products by utilizing Wolfspeeds advanced SiC technology.