Semi Insulating Silicon Carbide Wafer Market
Semi-Insulating Silicon Carbide Wafer Market Forecasts to 2030 - Global Analysis By Type (6 Inch SiC Wafer and 4 Inch SiC Wafer), Application (Wireless Infrastructure, Electronics & Optoelectronics, Power Devices and Other Applications) and By Geography
According to Stratistics MRC, the Global Semi-Insulating Silicon Carbide Wafer Market is accounted for $522 million in 2023 and is expected to reach $2,017 million by 2030 growing at a CAGR of 21.3% during the forecast period. A semiconductor material composed of silicon and carbon is referred to as a SiC wafer. SiC wafers are known for their high-temperature resistance, semiconductors, insulation, and thermal management materials. Semi-Insulating Silicon Carbide Wafer play a crucial role in the fabrication of high-frequency and high-power electronic devices, such as radio frequency (RF) and power amplifiers, due to their ability to mitigate electrical conductivity and minimize signal interference.
According to a study published by the China Association of Automobile Manufacturers; SiC investments are largely correlated with China’s EV production, and they increase with the increase in EV production.
Market Dynamics:
Driver:
Growing demand for high-frequency electronics
As industries increasingly rely on advanced technologies, particularly in telecommunications and wireless communication systems, there is a surge in the need for electronic devices capable of operating at higher frequencies. Semi-insulating SiC wafers play a pivotal role in the fabrication of radio frequency (RF) components, such as amplifiers and transistors, due to their unique semi-insulating properties that reduce signal interference and enhance overall device performance. Furthermore, with the ongoing deployment of 5G networks and the continuous evolution of communication technologies, the demand for SiC wafers rises sharply.
Restraint:
High manufacturing costs
The production of these wafers involves sophisticated processes and requires high-purity raw materials, contributing to elevated manufacturing expenses. The complexity of manufacturing, which includes precise crystal growth and stringent quality control measures, adds to the overall cost of SiC wafer production. As a result, the market faces challenges in offering competitive pricing for these wafers, impacting their broader adoption across industries. However, the high initial investment required for the advanced equipment and technologies involved in SiC wafer fabrication further contributes to the cost barrier.
Opportunity:
Global expansion of electric vehicles
As the automotive industry undergoes a transformative shift towards electrification, the demand for advanced power electronics is on the rise. SiC wafers play a crucial role in enhancing the efficiency and performance of power electronics components in EVs. With their unique properties, including high-temperature tolerance and improved power handling capabilities, SiC wafers contribute to the development of more energy-efficient and compact electric drivetrains. The increasing adoption of electric vehicles worldwide amplifies the need for SiC-based power electronics, leading to a higher demand for these wafers.
Threat:
Competition from other semiconductor materials
While SiC wafers offer unique advantages such as high-temperature tolerance and improved power handling capabilities, they face competition from established materials like silicon and gallium arsenide. Silicon, in particular, has a long-standing presence in the semiconductor industry, and its well-established manufacturing processes and lower costs can make it a preferred choice for certain applications. Gallium arsenide, known for its high electron mobility, competes in specific niche markets. The challenge for SiC wafers lies in convincing industries to transition from traditional materials to newer, albeit superior, alternatives.
Covid-19 Impact:
The global disruptions in supply chains, temporary shutdowns of manufacturing facilities, and economic uncertainties significantly affected the production and distribution of SiC wafers. The semiconductor industry faced challenges in meeting demand as a result of workforce shortages, logistics constraints, and delays in project timelines. However, the pandemic-induced economic downturn also led to a slowdown in investments and projects across various sectors, influencing the demand for SiC wafers.
The 6 Inch SiC Wafer segment is expected to be the largest during the forecast period
6 Inch SiC Wafer segment is expected to be the largest during the forecast period. The larger wafer diameter provides greater surface area for semiconductor device fabrication, enabling the production of more electronic components per wafer and improving manufacturing efficiency. This leads to cost savings and economies of scale, making 6-inch SiC wafers increasingly attractive for high-volume production. Moreover, the larger wafer size aligns with the industry's trend towards larger wafer diameters, fostering compatibility with existing semiconductor manufacturing equipment and processes.
The Wireless Infrastructure segment is expected to have the highest CAGR during the forecast period
Wireless Infrastructure segment is expected to have the highest CAGR during the forecast period. With the global expansion of wireless communication technologies, particularly the deployment of 5G networks, there is an escalating demand for high-frequency electronic components. SiC wafers, known for their superior electrical properties and ability to operate efficiently at elevated frequencies, are essential in the fabrication of radio frequency (RF) components such as power amplifiers and transceivers within wireless infrastructure. Furthermore, the inherent benefits of SiC, including reduced signal interference and enhanced power handling capabilities, make these wafers indispensable for the development of reliable and high-performance wireless communication systems.
Region with largest share:
The adoption of high-tech power devices and high-end gadgets at lower prices has increased the consumption of electronics products throughout the Asia Pacific region, which held the largest share over the projection period. The development of a 5G infrastructure network by major telecom companies in the nation is contributing to the growth of the SiC wafer industry. Furthermore, as more automobiles in the nation become electrified, there is a greater need for semi-insulating silicon carbide wafer.
Region with highest CAGR:
Europe region is growing at a rapid pace over the extrapolated period, due to the increased use of power electronics and the increasing shift towards renewable energy sources. The growth of the semi-insulating silicon carbide wafer market is being assisted and encouraged by the developments in the automotive sector in European nations such as Germany. Furthermore, ongoing advancements in the manufacturing processes of semi-insulating SiC wafers, aimed at improving material quality, scalability, and cost-effectiveness, act as drivers for market growth in the region.
Key players in the market
Some of the key players in Semi-Insulating Silicon Carbide Wafer market include Belden Inc, CETC Solar Energy Holdings Co., Ltd, Datwyler Holding Inc, GM Plast A/S, Prysmian Group, ROHM CO., LTD, SK siltron Co. Ltd, STMicroelectronics and TankeBlue CO., LTD.
Key Developments:
In May 2022, Rhombus Energy Solutions, a EV charging and power conversion technology company, announced that Wolfspeed is supplying SiC technology to improve the efficiency, power density and quicker charging time of their products
In March 2022, Showa Denko starts mass production of a 6-inch diameter silicon carbide single crystal wafer which will improve downsizing and energy efficiency of a power module.
In March 2022, SK Siltron to Invest KRW1tr to Expand Wafer Production Facilities. The company announced that it has decided to invest 1.05 trillion won over the next three years to expand its facilities for 300 mm wafers, which are located in Gumi National Industrial Complex 3.
Types Covered:
• 6 Inch SiC Wafer
• 4 Inch SiC Wafer
Applications Covered:
• Wireless Infrastructure
• Electronics & Optoelectronics
• Power Devices
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Semi-Insulating Silicon Carbide Wafer Market, By Type
5.1 Introduction
5.2 6 Inch SiC Wafer
5.3 4 Inch SiC Wafer
6 Global Semi-Insulating Silicon Carbide Wafer Market, By Application
6.1 Introduction
6.2 Wireless Infrastructure
6.3 Electronics & Optoelectronics
6.4 Power Devices
6.5 Other Applications
7 Global Semi-Insulating Silicon Carbide Wafer Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Belden Inc
9.2 CETC Solar Energy Holdings Co., Ltd
9.3 Datwyler Holding Inc
9.4 GM Plast A/S
9.5 Prysmian Group
9.6 ROHM CO., LTD
9.7 SK siltron Co. Ltd
9.8 STMicroelectronics
9.9 TankeBlue CO., LTD
List of Tables
1 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Region (2021-2030) ($MN)
2 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
3 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
4 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
5 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
6 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
7 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
8 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
9 Global Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
10 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Country (2021-2030) ($MN)
11 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
12 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
13 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
14 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
15 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
16 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
17 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
18 North America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
19 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Country (2021-2030) ($MN)
20 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
21 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
22 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
23 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
24 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
25 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
26 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
27 Europe Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
28 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Country (2021-2030) ($MN)
29 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
30 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
31 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
32 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
33 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
34 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
35 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
36 Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
37 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Country (2021-2030) ($MN)
38 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
39 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
40 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
41 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
42 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
43 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
44 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
45 South America Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
46 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Country (2021-2030) ($MN)
47 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Type (2021-2030) ($MN)
48 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By 6 Inch SiC Wafer (2021-2030) ($MN)
49 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By 4 Inch SiC Wafer (2021-2030) ($MN)
50 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Application (2021-2030) ($MN)
51 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Wireless Infrastructure (2021-2030) ($MN)
52 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Electronics & Optoelectronics (2021-2030) ($MN)
53 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Power Devices (2021-2030) ($MN)
54 Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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