Silicon Carbide Wafer Market by Wafer Size (2-inch, 4-inch, 6-inch, 8-inch), Application (Electronics & Optoelectronics, Power Devices, Other Applications), and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Silicon Carbide Wafer Market Size

The silicon carbide wafer market size was valued at $24.74 billion in 2023 and is projected to reach $66.11 billion by 2029, growing at a CAGR of 17.8% from 2023 to 2029.

Silicon Carbide Wafer Market Overview

A silicon carbide wafer is a thin, disc-shaped substrate made from silicon carbide (SiC) crystal. Silicon carbide is a compound of silicon and carbon with remarkable physical and chemical properties, making it a popular material for semiconductor applications. The wafer serves as the foundation for manufacturing electronic devices such as power semiconductors and high-frequency devices. Silicon carbide wafers offer advantages over traditional silicon wafers, including higher thermal conductivity, higher breakdown voltage, and better performance at high temperatures. These characteristics make silicon carbide wafers well-suited for applications in power electronics, radio frequency (RF) devices, and other high-performance semiconductor devices. The use of silicon carbide wafers contributes to the development of more efficient and durable electronic components, particularly in industries where reliability and performance under extreme conditions are critical.

Market Dynamics:

Growth Drivers

• Rising demand for 5G technology.
• Growing requirements for efficient and dependable power electronics.

Constraints

• High price of silicon carbide wafers.
• Difficulty in the manufacturing process.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on wafer size, the market is bifurcated into 2-inch, 4-inch, 6-inch, and 8-inch.

By application, the market is fragmented into electronics & optoelectronics, power devices, and other applications.

List of the Key Players Profiled in the Report Includes:

• Ascatron AB
• Cree Inc.
• Fuji Electric Co. Ltd.
• GeneSiC Semiconductor Inc.
• II-VI Incorporated
• Infineon Technologies AG
• ON Semiconductor
• ROHM Semiconductor
• STMicroelectronics N.V.
• United Silicon Carbide Inc.

Market by, Geography:

The silicon carbide wafer market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Silicon Carbide Wafer Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Silicon Carbide Wafer Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Silicon Carbide Wafer Market by, Wafer Size 
 6.1 Overview 
 6.2 2-inch 
 6.3 4-inch 
 6.4 6-inch 
 6.5 8-inch 
 
7 Global Silicon Carbide Wafer Market by, Application 
 7.1 Overview 
 7.2 Electronics & Optoelectronics 
 7.3 Power Devices 
 7.4 Other Applications 
 
8 Global Silicon Carbide Wafer Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 Ascatron AB 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Cree Inc. 
 10.3 Fuji Electric Co. Ltd. 
 10.4 GeneSiC Semiconductor Inc. 
 10.5 II-VI Incorporated 
 10.6 Infineon Technologies AG 
 10.7 ON Semiconductor 
 10.8 ROHM Semiconductor 
 10.9 STMicroelectronics N.V. 
 10.10 United Silicon Carbide Inc.