According to a new market report by Lucintel, the future of the silicon carbide (SiC) market looks promising with opportunities in the telecommunications, energy and power, automotive, renewable power generation, defense, and power electronics industries. The silicon carbide market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are increasing demand for motor drives, growing application of SiC devices in RF and cellular base station, and increasing use of SiC in semiconductor to perform at high temperature and high voltage environment.
To download report brochure, please go to https://www.lucintel.com/silicon-carbide-market.aspx and click "report brochure" tab from the menu.
In this market, silicon carbide is used for manufacturing of SiC discrete devices and SiC bare die. Lucintel forecasts that SiC discrete device will remain the largest segment over the forecast period.
Within the silicon carbide market, RF device and cellular base station, power grid device, flexible AC transmission systems (FACTS), high-voltage direct current (HVDC), and power supply and inverter are the major applications. Lucintel forecasts that RF device and cellular base station will remain the largest region over the forecast period.
Infineon Technologies, Cree (Wolfspeed), RoHM Semiconductor, STMicroelectronics, ON Semiconductor, Toshiba, General Electric, Saint-Gobain Silicon Carbide, Fuji Electric, Ltd., and Renesas Electronics are among the major suppliers in the silicon carbide.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the silicon carbide market by SiC based device, application, wafer size, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Silicon Carbide Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the silicon carbide market by device, application, wafer size, and end use industry, and region as follows:
By SiC based Device [$M shipment analysis for 2013 – 2024]:
SiC Discrete Devices
SiC MOSFET
SiC Diode
SiC Module
SiC Bare Die
By Wafer Size [$M shipment analysis for 2013 – 2024]:
2 Inch
4 Inch
6-Inch and above
By Application [$M shipment analysis for 2013 – 2024]:
RF Device and Cellular Base Station
Power Grid Device
Flexible AC Transmission Systems (FACTS)
High-Voltage, Direct Current (HVDC)
Power Supply and Inverter
Lighting Control
Industrial Motor Drive
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Telecommunications
Energy & Power
Automotive
Renewable Power Generation
Defense
Power Electronics
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/silicon-carbide-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.