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The silicon carbide market is forecasted to grow by USD 7.16 billion during 2023-2028, accelerating at a CAGR of 32.14% during the forecast period. The report on the silicon carbide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for sic fibers in aerospace sector, increasing demand for power electronics, and growing ev automotive industry.
The silicon carbide market is segmented as below:
By Product
- Power electronics
- Optoelectronic devices
- Frequency devices
By Application
- Automotive
- Energy and power
- Aerospace and defense
- Data and communication devices
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the silicon carbide market covers the following areas:
- Silicon carbide market sizing
- Silicon carbide market forecast
- Silicon carbide market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global silicon carbide market: ABB Ltd., Allegro MicroSystems Inc., Asahi Kasei Corp., BAE Systems Plc, Fuji Electric Co. Ltd., II VI Inc., Infineon Technologies AG, Littelfuse Inc., Microchip Technology Inc., Mitsubishi Electric Corp., Navitas Semiconductor Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qorvo Inc., Renesas Electronics Corp., ROHM Co. Ltd., STMicroelectronics International N.V., Toshiba Corp., TT Electronics Plc, and Wolfspeed Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is power inverters for electric vehicles."
According to the report, one of the major drivers for this market is the increase in demand for sic fibers in aerospace sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Allegro MicroSystems Inc.
- Asahi Kasei Corp.
- BAE Systems Plc
- Fuji Electric Co. Ltd.
- II VI Inc.
- Infineon Technologies AG
- Littelfuse Inc.
- Microchip Technology Inc.
- Mitsubishi Electric Corp.
- Navitas Semiconductor Inc.
- NXP Semiconductors NV
- ON Semiconductor Corp.
- Qorvo Inc.
- Renesas Electronics Corp.
- ROHM Co. Ltd.
- STMicroelectronics International N.V.
- Toshiba Corp.
- TT Electronics Plc
- Wolfspeed Inc.
