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Silicon Carbide Market by Device, Wafer Size, Application, Vertical, and Geography - Global Forecast to 2022

Silicon Carbide Market: Global Forecast until 2022

  • May 2017
  • 157 pages
  • ID: 4927586
In this report:
The market for SiC MOSFET is expected to be valued at ##,## thousand units by 2022, growing at the highest CAGR of ##.##% during the forecast period.
The market for the power electronics vertical registered a shipment of ##.## million units in 2016 and is expected to witness a shipment of ##.## million units by 2022, at a CAGR of ##.##% during the forecast period.


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"Silicon carbide market forecasted to grow at a CAGR (Compound annual growth rate) of 17.40 percent between 2017 and 2022"

The silicon carbide has entered the increase phase and is anticipated to grow further in the next years. The sector is anticipated to be worth $617.40M by 2022, at a compound annual growth rate of 17.40 percent between 2017 and 2022. The drivers for this industry is the ability of SiC devices in the semiconductor to perform at high temperature and high voltage and power, growing demand for motor drives, ability to minimize global system size, and rising application of SiC in radio frequency devices and cellular base station. Nevertheless, SiC devices packaging is acting as a main challenge for silicon carbide market.

"EV motor drive application for silicon carbide market is forecasted to grow at the maximal rate"

The industry for EV motor drive is anticipated to increase at the highest CAGR (Compound annual growth rate) during the estimate period. EV motor drive application is increasing because of the growing silicon carbide devices penetration in electric vehicles, as silicon carbide devices reduce size and weight of the system and global weight of the vehicle.

"SiC discrete is projected to hold the biggest share of the market during the outlook period"

With the raised demand for high power semiconductors, the load on the power equipment has rised. This has created a need for electronic devices that can operate in a high-temperature and high-voltage environment. Accordingly, the SiC discrete device market is anticipated to rise at a significant Compound annual growth rate during the estimate period.

"RoW is anticipated to be the quickest developing market for silicon carbide during the outlook period"

The sector in RoW is anticipated to grow at the highest compound annual growth rate (CAGR) as a result of the increasing telecom sector in South American countries is leading to the increase in silicon carbide devices in the area. RF devices are also playing a significant role in the increase of the silicon carbide market in the territory.

Key players' distribution profiles:

• By Company category: Tier 1 = 20 %, Tier 2 = 25.0 percent, and Tier 3 = 55.0 percent

• By Description: C-suite executives = 40.0 percent, Directors = 25.0 percent, and Managers = 35.0 percent

• By Area: Americas = 20.0 percent, EU = 25.0 percent, Asia-Pacific = 50.0 percent, and RoW = 5.0 percent

The main players in the silicon carbide market contain Infineon Technologies (ETR:IFX), CREE Inc., ROHM Semiconductor, STMicroelectronics (NYSE:STM), ON Semiconductor, United Silicon Carbide, Incorporated, General Electric (NYSE:GE), GeneSiC Semiconductor Inc., Fuji Electric Co., Limited, and Renesas Electronics Corporation. Most of the leading firms have followed the organic strategy of product launches to boost the revenue of the company.

Segment Research

The silicon carbide market has been split on the basis of wafer size, application, vertical, and devices that contain SiC discrete devices and SiC bare die.

The market research includes silicon carbide applications including RF device and cellular base station, power grid device, flexible AC transmission systems, high-voltage, direct current, power supply and inverter, lighting control, industrial motor drive, flame detector, EV motor drive, EV charging, electronic combat system, wind energy, solar energy, and others. The study also forecasts the market value for various parts with regard to 4 main regions-Americas, Europe (EU), Asia-Pac, and RoW.

Reasons to Buy the Report

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the silicon carbide market comprehensively and offers the closest approximations of the global market size and those of the subsegments across several verticals and localities.

2. The market research benefits partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, alternatives, and opportunities.

3. This industry report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, product developments, alliances, and mergers and acquisitions in the silicon carbide market.

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