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Silicon Carbide Power Semiconductor Market Trends and Forecast 

The future of the global silicon carbide power semiconductor market looks promising with opportunities in the automotive, consumer electronics, aerospace & defense, medical device, data & communication device, and energy & power sectors. The global silicon carbide power semiconductor market is expected to reach an estimated $2.4 billion by 2028 with a CAGR of 22.0% from 2023 to 2028. The major drivers for this market are growing adoption of SiC semiconductors in power electronics and increasing application in electric vehicle charging infrastructure.
Silicon Carbide Power Semiconductor Market by Component, Product, Wafer Size, and End Use

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Silicon Carbide Power Semiconductor Market by Segments

Silicon Carbide Power Semiconductor Market by Segment

The study includes trends and forecast for the global silicon carbide power semiconductor market by component, product, wafer size, end use, and region, as follows:

Silicon Carbide Power Semiconductor Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Schottky Diodes
  • FET/MOSFET Transistors
  • Integrated Circuits
  • Rectifiers/Diodes
  • Power Modules
  • Others

Silicon Carbide Power Semiconductor Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Optoelectronic Devices
  • Power Semiconductor
  • Frequency Devices

Silicon Carbide Power Semiconductor Market by Wafer Size [Value ($B) Shipment Analysis from 2017 to 2028]:

  • 2 inches
  • 4 inches
  • 6 inches & Above

Silicon Carbide Power Semiconductor Market by End Use [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Automotive
  • Electric Vehicles
  • IC Automobiles
  • Consumer Electronics
  • Aerospace & Defense
  • Medical Devices
  • Data & Communication Devices
  • Energy & Power
  • EV Infrastructure
  • Power Distribution & Utilities
  • Others

Silicon Carbide Power Semiconductor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Silicon Carbide Power Semiconductor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, silicon carbide power semiconductor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the silicon carbide power semiconductor companies profiled in this report include- 

Silicon Carbide Power Semiconductor Market Insights

  • Lucintel forecasts that 4 inches will remain the largest segment over the forecast period due to growing application in a wide range of products, such as optoelectronics, high-power devices, high-temperature devices and high-frequency power devices
  • Automotive is expected to remain the largest end use segment due to increasing penetration of the SiC power semiconductor in plug-in hybrid (PHEV) and all-electric vehicles (xEV). 
  • APAC will remain the largest region due to growing automotive industry, supporting government polices, and the presence of the largest producers and consumers of consumer electronics in the region.

Features of the Silicon Carbide Power Semiconductor Market

  • Market Size Estimates: Silicon carbide power semiconductor market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Silicon carbide power semiconductor market size by various segments, such as by component, product, wafer size, end use, and region
  • Regional Analysis: Silicon carbide power semiconductor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by component, product, wafer size, end use, and regions for the silicon carbide power semiconductor market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the silicon carbide power semiconductor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the silicon carbide power semiconductor market size?
Answer: The global silicon carbide power semiconductor market is expected to reach an estimated $2.4 billion by 2028.
Q2. What is the growth forecast for silicon carbide power semiconductor market?
Answer: The global silicon carbide power semiconductor market is expected to grow with a CAGR of 22.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the silicon carbide power semiconductor market?
Answer: The major drivers for this market are growing adoption of SiC semiconductors in power electronics and increasing application in electric vehicle charging infrastructure.
Q4. What are the major segments for silicon carbide power semiconductor market?
Answer: The future of the silicon carbide power semiconductor market looks promising with opportunities in the automotive, consumer electronics, aerospace & defense, medical device, data & communication device, and energy & power sectors.
Q5. Who are the key silicon carbide power semiconductor companies?
Answer: Some of the key silicon carbide power semiconductor companies are as follows:
  • Allegro Microsystems
  • Infineon Technologies Ag
  • STMicroelectronics
  • On Semiconductor Corporation
  • WOLFSPEED
Q6. Which silicon carbide power semiconductor segment will be the largest in future?
Answer: Lucintel forecasts that 4 inches will remain the largest segment over the forecast period due to growing application in a wide range of products, such as optoelectronics, high-power devices, high-temperature devices and high-frequency power devices.
Q7. In silicon carbide power semiconductor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to growing automotive industry, supporting government polices, and the presence of the largest producers and consumers of consumer electronics in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions 

Q.1. What are some of the most promising, high-growth opportunities for the global silicon carbide power semiconductor market by component(schottky diodes, FET/MOSFET transistors, integrated circuits, rectifiers/diodes, power modules, and others), product (optoelectronic devices, power semiconductor, and frequency devices), wafer size (2 inches, 4 inches, and 6 inches  & above), end use (automotive,(electric vehicles and IC automobiles), consumer electronics, aerospace & defense, medical devices, data & communication devices, energy & power, (EV infrastructure and power distribution & utilities), others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11.  What M&A activity has occurred in the last five years and what has its impact been on the industry?
 
For any questions related to silicon carbide power semiconductor market or related to silicon carbide power semiconductor companies, silicon carbide power semiconductor market size, silicon carbide power semiconductor market share, silicon carbide power semiconductor analysis, silicon carbide power semiconductor market growth, silicon carbide power semiconductor market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Silicon Carbide Power Semiconductor Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Silicon Carbide Power Semiconductor Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Silicon Carbide Power Semiconductor Market by Component
3.3.1: Schottky Diodes
3.3.2: FET/MOSFET Transistors
3.3.3: Integrated Circuits
3.3.4: Rectifiers/Diodes
3.3.5: Power Modules
3.3.6: Others
3.4: Global Silicon Carbide Power Semiconductor Market by Product
3.4.1: Optoelectronic Devices
3.4.2: Power Semiconductor
3.4.3: Frequency Devices 
3.5: Global Silicon Carbide Power Semiconductor Market by Wafer Size 
3.5.1: 2 inches
3.5.2: 4 inches 
3.5.3: 6 inches & Above
3.6: Global Silicon Carbide Power Semiconductor Market by End Use 
3.6.1: Automotive
3.6.1.1: Electric Vehicles
3.6.1.2: IC Automobiles
3.6.2: Consumer Electronics
3.6.3: Aerospace & Defense
3.6.4: Medical Devices
3.6.5: Data & Communication Devices
3.6.6: Energy & Power
3.6.6.1: EV Infrastructure
3.6.6.2: Power Distribution & Utilities
3.6.7: Others
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Silicon Carbide Power Semiconductor Market by Region
4.2: North American Silicon Carbide Power Semiconductor Market
4.2.1: North American Silicon Carbide Power Semiconductor Market by Product: Optoelectronic Devices, Power Semiconductor, and Frequency Devices 
4.2.2: North American Silicon Carbide Power Semiconductor Market by End Use: Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, and Others
4.3: European Silicon Carbide Power Semiconductor Market
4.3.1: European Silicon Carbide Power Semiconductor Market by Product: Optoelectronic Devices, Power Semiconductor, and Frequency Devices 
4.3.2: European Silicon Carbide Power Semiconductor Market by End Use: Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, and Others 
4.4: APAC Silicon Carbide Power Semiconductor Market 
4.4.1: APAC Silicon Carbide Power Semiconductor Market by Product: Optoelectronic Devices, Power Semiconductor, and Frequency Devices 
4.4.2: APAC Silicon Carbide Power Semiconductor Market by End Use: Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, and Others
4.5: ROW Silicon Carbide Power Semiconductor Market 
4.5.1: ROW Silicon Carbide Power Semiconductor Market by Product: Optoelectronic Devices, Power Semiconductor, and Frequency Devices 
4.5.2: ROW Silicon Carbide Power Semiconductor Market by End Use: Automotive, Consumer Electronics, Aerospace & Defense, Medical Devices, Data & Communication Devices, Energy & Power, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Silicon Carbide Power Semiconductor Market by Component 
6.1.2: Growth Opportunities for the Global Silicon Carbide Power Semiconductor Market by Product
6.1.3: Growth Opportunities for the Global Silicon Carbide Power Semiconductor Market by Wafer Size 
6.1.4: Growth Opportunities for the Global Silicon Carbide Power Semiconductor Market by End Use 
6.1.5: Growth Opportunities for the Global Silicon Carbide Power Semiconductor Market by Region
6.2: Emerging Trends in the Global Silicon Carbide Power Semiconductor Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Silicon Carbide Power Semiconductor Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Silicon Carbide Power Semiconductor Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: ALLEGRO MICROSYSTEMS
7.2: Infineon Technologies AG
7.3: STMicroelectronics
7.4: ON SEMICONDUCTOR CORPORATION
7.5: WOLFSPEED
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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