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India SiC Semiconductor Market Forecast to 2027 - COVID-19 Impact and Country Analysis by Device and Vertical

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    Report

  • 147 Pages
  • May 2020
  • Region: India
  • The Insight Partners
  • ID: 5028560
UP TO OFF until Dec 31st 2024
The SiC semiconductor market was valued at US$ 29.0 million in 2018 and isprojected to reach US$ 138.5 million by 2027; it is expected to grow at a CAGR of 22.6% from 2020 to 2027.

Electric vehicles have become a huge proportion of the global vehicle manufacturing mix, and in India, the electric vehicle industry is expanding swiftly. The power electronics market holds substantial growth potential for companies that are able to leverage the opportunities offered by the electric vehicle sector. Automotive giants in the country are offering electric vehicles with an aim to reduce the vehicle contribution to air pollution. For instance, Mahindra & Mahindra launched its electric vehicle; Hyundai Motor India Ltd.'s launched Kona electric SUV and sold about 300 units in seven months since its launch; Hyundai Motor India Ltd is focusing to mass-market electric car in India. The Government of India is encouraging the quicker adoption of electric vehicles in accordance with its aim to bring at least 15% of electric vehicles on the road in the next five years to manage air pollution in cities. The demand for electric vehicles is projected to surge in the country owing to the transition from silicon to SiC power electronics devices. The use of SiC boosts the electric vehicle industry, empowering greater system efficiencies and thus providing faster charging capabilities and longer-range performances while reducing cost, lowering weight, and conserving space. All the aforementioned factors are, thus, likely to support the growth of the SiC semiconductor market in the coming years.

The SiC semiconductor market is segmented into device and vertical. The market based on device is segmented into SIC discrete device and SIC bare die. The SIC discrete device is expected to hold a prime share of the SiC semiconductor market during the forecast period. The SiC semiconductor market, based on vertical, is further segmented into telecommunications, energy & power, automotive, military and defense, and others. The energy &power segment led the market in 2019, and it is anticipated to continue its dominance during the forecast period. The SiC semiconductor market in India is expected to surge in the coming years as the technology is applicable for various industries, including the energy &power industry, military and defense sector, and the automotive industry. The industry players in the sectors invest substantial amounts in adopting newer and robust technologies to optimize their respective products.

A few of the major players operating in the SiC semiconductor market are FUJI Electric Co., Ltd., General Electric, Infineon Technologies AG, Powerex, Inc., Renesas Electronics Corporation, Rohm Co. Ltd., Semiconductor Components Industries, LLC, Semikron, STMicroelectronics NV, and Toshiba Corporation.

The overall SiC semiconductor market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the SiC semiconductor market with regard to all the segments. Also, primary interviews were conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts and key opinion leaders specializing in the SiC semiconductor market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the India SiC semiconductor market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the India SiC semiconductor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth India market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SiC Semiconductor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 India - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Analysis of Factors Favoring SiC over Si Devices
4.5.2 Applications
4.5.2.1 Inverters
4.5.2.2 DC-DC Converters
4.5.2.3 Electric Vehicles
4.5.2.4 Charging Units
5. SiC Semiconductor-Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Power Electronics
5.1.2 Growing Demand for SiC in Solar Photovoltaic Technology
5.2 Market Restraints
5.2.1 Packaging Issues with SiC Devices
5.3 Market Opportunities
5.3.1 Growth in Demand for Electric Vehicles
5.4 Future Trends
5.4.1 Emergence of 5G Communications Technology
5.5 Impact Analysis of Drivers and Restraints
6. SiC Semiconductor Market - India Analysis
6.1 SiC Semiconductor Market India Overview
6.2 SiC Semiconductor Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - India Key Players
7. SiC Semiconductor Market Analysis- By Device
7.1 Overview
7.2 SiC Semiconductor Market Breakdown, by Device, 2019 & 2027
7.3 SIC Discrete Device
7.3.1 Overview
7.3.2 SIC Discrete Device Market Revenue and Forecast to 2027 (US$ Million)
7.3.3 SIC Diode
7.3.4 Overview
7.3.4.1 SIC Diode Market Revenue and Forecast to 2027 (US$ Million)
7.3.5 SIC MOSFET
7.3.6 Overview
7.3.6.1 SIC MOSFET Market Revenue and Forecast to 2027 (US$ Million)
7.3.7 SIC Module
7.3.8 Overview
7.3.8.1 SIC Module Market Revenue and Forecast to 2027 (US$ Million)
7.4 SIC Bare Die
7.4.1 Overview
7.4.2 SIC Bare Die Market Revenue and Forecast to 2027 (US$ Million)
8. SiC Semiconductor Market Analysis- By Vertical
8.1 Overview
8.2 SiC Semiconductor Market Breakdown, by Vertical, 2019 & 2027
8.3 Telecommunication
8.3.1 Overview
8.3.2 Telecommunication Market Revenue and Forecast to 2027 (US$ Million)
8.4 Energy and Power
8.4.1 Overview
8.4.2 Energy and Power Market Revenue and Forecast to 2027 (US$ Million)
8.4.3 Renewable Energy & Photovoltaic
8.4.3.1 Overview
8.4.3.2 Renewable Energy & Photovoltaic Market Revenue and Forecast to 2027 (US$ Million)
8.4.4 Others
8.4.4.1 Overview
8.4.4.2 Others Market Revenue and Forecast to 2027 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive Market Revenue and Forecast to 2027 (US$ Million)
8.5.3 EV
8.5.3.1 Overview
8.5.3.2 EV Market Revenue and Forecast to 2027 (US$ Million)
8.5.4 HEV
8.5.4.1 Overview
8.5.4.2 HEV Market Revenue and Forecast to 2027 (US$ Million)
8.6 Military and Defense
8.6.1 Overview
8.6.2 Military and Defense Market Revenue and Forecast to 2027 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecast to 2027 (US$ Million)
9. Impact OF COVID-19 Pandemic on India SiC Semiconductor Market
9.1 India: Impact assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. COMPANY PROFILES
11.1 General Electric Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Infineon Technologies AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Toshiba Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 ROHM CO., LTD.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Powerex Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Renesas Electronics Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Semiconductor Components Industries, LLC (ON Semiconductor)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 STMicroelectronics N.V.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 FUJI ELECTRIC CO., LTD.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 SEMIKRON
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms

Companies Mentioned

  • FUJI Electric Co., Ltd.
  • General Electric
  • Infineon Technologies AG
  • Powerex, Inc.
  • Renesas Electronics Corporation
  • Rohm Co. Ltd.
  • Semiconductor Components Industries, LLC
  • Semikron
  • STMicroelectronics NV
  • Toshiba Corporation