"Electrifying your pathway to success through in-depth market research"

Semi-Insulating Silicon Carbide Wafer Market Size, Share & COVID-19 Impact Analysis, By Type (4 Inch SiC Wafer, 6 Inch SiC Wafer), By Application (Power Device, Electronics & Optoelectronics, Wireless Infrastructure, Others) and Regional Forecast, 2022-2029

Region : Global | Format: PDF | Report ID: FBI107018

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global semi-insulating silicon carbide wafer market size was valued at USD 367.8 million in 2021. The market is projected to grow from USD 429.3 million in 2022 to USD 1,460.1 million by 2029, exhibiting a CAGR of 19.1 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with Semi-Insulating Silicon Carbide Wafer experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of 12.1 % in 2020 as compared to 2019.


SiC wafer is a semiconductor material made by the combination of silicon and carbon. SiC wafer has characteristics such as insulation material, semiconductor, thermal management materials, and high-temperature resistance. It is made by melting raw materials such as petroleum coke, quartz sand, and sawdust. It can be used for LED lighting devices, microwave devices, power electronic devices, and in refrigerator devices. It is a semiconductor material to make power devices. Nowadays, a semi-insulating silicon carbide wafer market growth is propelled due to its application 5G communication networks and electric vehicles to provide high power, high voltage, and high-frequency devices.


4 Inch SiC Wafer and 6 Inch SiC Wafer are the two types of Silicon Carbide Wafer. 4 Inch SiC wafer has characteristics such as insulation material, has superior electronic properties such as resistance to corrosion, erosion, and oxidation. They are used in electronic and LED devices. 6 Inch SiC wafer has excellent heat resistive properties, high thermal capacity, high speed wideband, and efficiency. It is used in automobiles for power transmissions and high-speed trains.


COVID-19 IMPACT


Problems Associated with Manufacturing and Raw Material Procurement has Increased Market Hindrance


The COVID-19 pandemic has disrupted economies across the globe. Due to this reason, developed as well as underdeveloped countries have faced a setback. Also, the market size is curbing and is facing challenges in maintaining the global economy across several sectors. Due to volatility in procurement of raw materials and limitations pertaining to cross border trade of these materials during the pandemic has impacted the sales of semiconductor materials and the supply chain of silicon carbide wafers. During the pandemic, Radio frequency (RF) chip makers such as Skyworks, and Qorvo in the U.S. saw a reduction in demand by 6% in 1st quarter of 2020. However, the silicon carbide wafer industry continued to maintain a leadership position in the semiconductor technologies that is crucial for various other sectors like the automotive & aerospace industries. Although the lockdown amidst CoVID-19 resulted in short-term challenges, it has also shaped the long-term opportunities for SiC wafers in consumer electronics and the automotive industry.


LATEST TRENDS


Request a Free sample to learn more about this report.


Deployment of Sic Wafer in Telecommunication Industry to Build 5G Network Aiding the Market


The telecom companies are advancing toward building high-speed 5G networks around the globe, which has increased the requirement for power semiconductors. For Instance, SK Siltron plans to make significant investments and expand its SiC-related facilities within five years to meet the growing demand for SiC-based power semiconductors for 5th generation communication equipment and electric vehicles. Additionally, due to SiC wafer’s high hardness, heat resistance, and ability to sustain high voltages they are commonly used to produce power semiconductors for 5G networks. Initially, the chipmakers were inclined towards using GaN to make power semiconductors. Further, the recent trend of using GaN on SiC offers superior thermal conductivity along with the high power density capabilities of GaN and low RF losses of SiC. These semiconductors that use SiC and GaN as the main material are the third-generation semiconductors and they are characterized by high- temperature resisitance, a wide energy gap, and high power density, which are ideal for building 5G infrastructure.


DRIVING FACTORS


Hefty Investment in R&D & SiC Wafers Production Will likely to Accelerate Product Demand


There has been an increasing demand for SiC wafers due to their adoption in electric vehicles and fifth-generation telecommunication devices. In order to meet this increasing demand, companies are investing heavily in building state-of-the-art manufacturing facilities. For instance, Wolfspeed, a wideband semiconductor company, has announced to invest USD 1 billion in a SiC production manufacturing plant that will increase its wafer fabrication capacity by up to 30 folds as a part of its long-term growth strategy.                                                  


Furthermore, the manufacturing process of SiC is considered to be complex and costly owing to polytypism crystal structure and extreme thermodynamic properties. Therefore major players are making huge spending on Research & Development to introduce innovative manufacturing process and pace up production rate which is enhancing the market growth.


RESTRAINING FACTORS


High Cost and Complex Manufacturing Process Limits Market Growth


Silicon carbide wafers are kind of single crystal wafers molded by cutting, grinding, cleaning, polishing, & other processes of silicon carbide crystals, but owing to its hardness and fragility, SiC needs more energy, higher temperature, and more time for crystallization and processing. Furthermore, the high transparency and refractive index of ‘4H-SiC’ (the most widely used SiC) makes it difficult to examine the material for a surface defect that could affect final component yield or epitaxial growth.


Moreover, even though SiC is the hardest material, it is very brittle, making it difficult to produce small components used in semiconductors. By virtue of all these reasons, the cost of SiC wafers is 3 times the cost of silicon wafers of the same rating.


SEGMENTATION


By Type Analysis


6 Inch SiC Wafer to Hold a Significant Market Share Owing to Its Rising Demand in EV Sector


In terms of type, the market is classified into 4 Inch SiC Wafer and 6 Inch SiC Wafer.


6 Inch SiC Wafer is likely to hold a major share in the market. It is attributed to its excellent heat-resistive property, high thermal capacity, high-speed wideband, and efficiency. It helps increase the productivity of power device manufacturers.


Furthermore, 4 Inch SiC Wafer is expected to have steady growth during the forecast period. Due to its characteristics such as insulation material, superior electronic properties, resistance to corrosion, erosion, and oxidation.


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Power Devices to Witness Major Growth during the Forecast Period


Based on application, the market is divided into Power Device, Electronics & Optoelectronics, Wireless Infrastructure, and others.


Under Power Device segment, we have considered the semi-insulating silicon carbide wafer, which is used for power devices, industrial motor vehicles, electric vehicles (EV), and Hybrid Electric vehicle (HEV). Due to substantial development of novel power device equipment, power devices industry is witnessing a swift growth, and it is anticipated to keep a significant share during the forecast period.


Furthermore, Electronics & Optoelectronics market is anticipated to exhibit substantial growth as demand for FET/MOSFET transistor, battery charger, and motor control systems in the electronics industry are high.


In addition, the wireless infrastructure market is expected to have a significant rise in coming years owing to the commencement of the 5G network.


REGIONAL INSIGHTS


Asia Pacific Semi-Insulating Silicon Carbide Wafer Market Size, 2021 (USD million)

To get more information on the regional analysis of this market, Request a Free sample


The semi-insulating silicon carbide wafer market report's scope comprises five major regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.


Asia pacific region is expected to dominate the market during the forecast period due to the robust economic progress of the countries such as India and China. The adoption of high technology power devices and high-end technology devices with reduced electronics prices has uplifted the consumption of electronics products across the region


India is projected to show considerable growth during the forecast period. Increasing investments in the iron and steel industry in the country have accelerated market growth. Major Telecomm companies in the country are building a network of 5G infrastructure, which is aiding SiC wafer market to grow. In addition, the rising electrification of vehicles in the country has increased the demand for Semi-Insulating Silicon Carbide Wafer.


North America is projected to show major growth due to the strong presence of prominent players such as Wolf speed Inc., II-VI Incorporated, and others. The implementation of SiC wafers in electric vehicles in the region has promoted market growth.


In Europe, the increasing utilization of power electronics as well as the rising transition towards renewable energy, have driven the demand for SiC wafers. In addition, the development in the automotive industry in European countries like Germany is further stimulating the rise in demand and is assisting to stimulate development of semi-insulating silicon carbide wafer market share.


Increasing consumption of consumer electronics such as laptops, smartphones, electric vehicles, and TVs across Mexico and Brazil, along with the rise in disposable income is enhancing the market growth in Latin America.


The Middle East and Africa region is expected to show a significant growth valued at USD 46.8 million in 2029 during the forecast period. The growth in the automotive industry across the United Arab Emirates, Qatar, Africa, and other countries, has subsequently raised the demand for semi-insulating silicon carbide wafers for motor vehicles and passenger cars.


KEY INDUSTRY PLAYERS


Prominent Players Focuses on establishing manufacturing facilities to increase production capacity


The key industry players have a global presence across the regions, including the European Countries, Asia Pacific, North America, and Middle East & Africa. Companies around the world are focusing on establishing state-of-the-art manufacturing facilities to cater to the increasing demand for SiC wafers. Additionally, the prominent players have strengthened their R&D departments to accelerate innovations related to the fabrication of wafers.


LIST OF KEY COMPANIES PROFILED:



  • WOLFSPEED, INC. (U.S.)

  • II-VI Incorporated (U.S.)

  • STMicroelectronics (Switzerland)

  • ROHM CO., LTD (Japan)

  • SHOWA DENKO K.K. (Japan)

  • SICC Co., Ltd. (China)

  • SK siltron Co. Ltd. (South Korea)

  • TankeBlue CO., LTD. (China)

  • CETC Solar Energy Holdings Co., Ltd. (China)

  • Synlight (China)


KEY INDUSTRY 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 July, 2021: STMicroelectronics launched the first 200mm SiC wafers with optimum yield-impacting and crystal-dislocation defects.

  • In August, 2020: II-VI acquired Ascatron,a  pioneer in silicon carbide epitaxial wafer technology, to be a segment of its vertically integrated Silicon Carbide power electronics technology platform

  • In January, 2020: Rohm and STM came together to uplift industrial flexibility and support the commercial expansion of SiC products in industrial and automotive applications.


REPORT COVERAGE


An Infographic Representation of Semi-Insulating Silicon Carbide Wafer Market

To get information on various segments, share your queries with us



The global market research report provides a detailed analysis of the type, application, and industries. It provides information about along with leading companies and their business overview, types, and leading applications of the product. Besides, it offers insights into the competitive landscape, SWOT analysis, and current market trends and highlights key drivers and restraints. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the market's growth in recent years.


Report Scope & Segmentation 


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD million)



Segmentation



Type, Application, Region



By Type




  • 4 Inch SiC Wafer

  • 6 Inch SiC Wafer



By Application




  • Power Device

  • Electronics & Optoelectronics

  • Wireless Infrastructure

  • Others



By Region




  • North America (By Type, By Application, By Country)

    • U.S.

    • Canada



  • Europe (By Type, By Application, By Country)

    • Germany

    • U.K.

    • France 

    • Italy

    • Rest of Europe



  • Asia Pacific (By Type, By Application, By Country)

    • China

    • Japan

    • India

    • South Korea

    • Taiwan

    • Southeast Asia

    • Australia

    • Rest of Asia Pacific



  • Latin America (By Type, By Application, By Country)

    • Brazil

    • Mexico

    • Rest of Latin America



  • The Middle East & Africa (By Type, By Application, By Country)

    • GCC

    • South Africa

    • Rest of the Middle East & Africa





Frequently Asked Questions

Fortune Business Insights says that the market was valued at USD 367.8 million in 2021.

In 2029, the market is expected to be valued at USD 1,460.1 million.

The global market is estimated to have a noteworthy CAGR of 19.1%

Asia Pacific is expected to hold a major market share in the market. The region stood at USD 168.3 million in 2021.

Within the type segment, 6 Inch SiC Wafer is expected to be the leading segment in the market during the forecast period.

Hefty Investment in R&D & SiC Wafers Production to Accelerate Market

WOLFSPEED, INC., II-VI Incorporated, 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

Power Device applications are expected to drive the market.

The major players in the market constitute approximately 72% of the market which is majorly owed to their brand image and presence in multiple regions.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Dec, 2022
  • 2021
  • 2018-2020
  • 158

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X