Silicon Carbide (SiC) Market for Electric Vehicles - A Global and Regional Analysis: Focus on Propulsion Type, Vehicle Type, Application Type, Product Type, Voltage Type, and Country-Level Analysis - Analysis and Forecast, 2023-2032

Report
240 Pages
August 2023
Region: Global
BIS Research
ID: 5876411

Increasing Investment toward Enhancing SiC Manufacturing Capacity

The global silicon carbide (SiC) market for electric vehicles is projected to reach $9,031.2 million by 2032 from $513.0 million in 2022, growing at a CAGR of 33.02% during the forecast period 2023-2032. The growth in the silicon carbide (SiC) market for electric vehicles (EVs) is expected to be driven by the superior properties of silicon carbide (SiC) material as compared to silicon, growth in the demand for electric vehicles, and increasing investment toward enhancing SiC manufacturing capacity.

Market Lifecycle Stage

The silicon carbide (SiC) market for electric vehicles (EVs) is in a growth phase. The silicon carbide (SiC) market for electric vehicles is experiencing rapid growth and transformation, driven by the compelling advantages that SiC technology offers to the electric mobility sector. SiC, a semiconductor material with superior properties compared to traditional silicon, is revolutionizing the power electronics landscape in EVs. Silicon carbide (SiC) technology's integration into EV power electronics is revolutionizing vehicle performance, enabling faster acceleration, extended range, and efficient energy usage, ultimately enhancing the overall EV driving experience. Silicon carbide (SiC)'s high-frequency capabilities are vital for high-power, fast-charging stations, accelerating the expansion of charging infrastructure and reducing charging times for electric vehicles. Collaborations between electric vehicle manufacturers, semiconductor companies, and research institutions are driving innovation in SiC technology, resulting in continuous advancements and cost reductions. However, silicon carbide currently comes at a higher cost compared to traditional silicon-based components, impacting its widespread adoption. Scaling up silicon carbide (SiC) production to meet the growing demand from the EV market remains a challenge, requiring further investments in manufacturing capabilities and supply chain optimization. Therefore, addressing cost challenges and expanding manufacturing capabilities is expected to be crucial for companies in realizing silicon carbide (SiC)'s full potential in shaping the electric vehicle landscape.

Impact

The silicon carbide (SiC) market for electric vehicles (EVs) is driven by several factors, such as the benefits of silicon carbide (SiC) material over silicon, growing electric vehicle sales, and growing investment toward encouraging SiC manufacturing capacity by the SiC manufacturers.

Silicon carbide (SiC) manufacturers are partnering with other key stakeholders and investing significantly toward the development of improved silicon carbide (SiC) materials with enhanced properties to mitigate the growing need for advanced power electronics in electric vehicles. With growing efforts by electric vehicle original equipment manufacturers (OEMs) toward improving their electric vehicle offerings, the silicon carbide (SiC) market for electric vehicles (EVs) is expected to grow significantly during the forecast years.

Market Segmentation

Segmentation 1: by Application

Traction Inverter
On-Board Charger (OBC)
DC-DC Converter

The traction inverter application type segment is poised to assert its dominance in the silicon carbide (SiC) market for electric vehicles. As the automotive landscape pivots toward sustainability and efficiency, the traction inverter segment emerges as a focal point for innovation. SiC-equipped traction inverters hold the promise of better energy efficiency, extended driving ranges, and optimized battery utilization, addressing pivotal concerns in the EV ecosystem.

Segmentation 2: by Vehicle Type

Passenger Vehicles
Commercial Vehicles

Based on vehicle type, the passenger vehicle segment accounted for a majority stake in the silicon carbide (SiC) market for electric vehicles (EVs) in 2022. Production and sales of passenger electric vehicles are anticipated to be higher than that of commercial vehicles, as more users are rapidly adopting EVs and replacing their IC engine vehicles with EVs due to their cost efficiency and various government subsidies, among others.

Segmentation 3: by Propulsion Type

Battery Electric Vehicles (BEVs)
Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs)

Of the two defined propulsion categories, the battery electric vehicles (BEVs) category dominated the silicon carbide (SiC) market for electric vehicles (EVs) in 2022. The advantages of silicon carbide (SiC) power semiconductors over silicon power semiconductors, such as significant reduction in power losses, are driving the usage of materials in BEVs. The developments of EV components with the integration of SiC and the use of such components in advanced new BEV models are expected to support the market growth.

Segmentation 4: by Product

SiC MOSFETs
SiC Diodes

Based on products, the silicon carbide (SiC) market for electric vehicles has been categorized into SiC MOSFETs and SiC diodes. Of the two product categories, the SiC MOSFETs segment dominated the global silicon carbide (SiC) market for electric vehicles (EVs) in 2022. SiC MOSFETs product type is widely used in the silicon carbide (SiC) market for electric vehicles. The unique characteristics of SiC, including high breakdown voltage, low on-resistance, and superior thermal conductivity, translate into MOSFETs that excel in high-power, high-temperature environments. This makes them particularly well-suited for the rigorous demands of EV power electronics.

Segmentation 5: by Voltage

Up to 800V
More than 800V

Based on voltage, the up to 800 V voltage segment offers a well-balanced solution that caters to the requirements of modern electric vehicles. This voltage range enables EV manufacturers to design compact and lightweight power electronics systems, which are essential for enhancing vehicle range and overall performance. Furthermore, the up to 800 V voltage type allows for effective integration of SiC components, resulting in reduced switching losses and increased overall efficiency.

Segmentation 6: by Region

North America
Europe
U.K.
China
Asia-Pacific and Japan (AP&J)
Rest-of-the-World (RoW)

The demand within the silicon carbide (SiC) market for electric vehicles varies according to various geographical regions. China is expected to dominate the global silicon carbide (SiC) market for electric vehicles as the region has witnessed significant growth in the electric vehicle industry, driven by supportive government policies, increasing environmental concerns, and advancements in technology. China's government support, research investments, and partnerships with silicon carbide (SiC) manufacturers have accelerated the development and implementation of this cutting-edge technology within the electric vehicle ecosystem. Moreover, China's well-established supply chain infrastructure and robust manufacturing capabilities provide a competitive edge in SiC production, contributing to cost reductions and scalability.

Recent Developments in the Silicon Carbide (SiC) Market for Electric Vehicles (EVs)

In June 2023, Infineon Technologies launched 1200 V CoolSiC MOSFETs in TO263-7 for automotive applications. In on-board charging (OBC) and DC-DC applications, the automotive-grade silicon carbide (SiC) MOSFET generation delivers great power density and efficiency, permits bi-directional charging, and dramatically lowers system cost.
In April 2023, Wolfspeed, Inc. announced that it would provide silicon carbide devices to power future Mercedes-Benz electric vehicle (EV) platforms, enabling higher powertrain efficiency. The next-generation powertrain systems for numerous Mercedes-Benz vehicle lines would include semiconductors from Wolfspeed, Inc.
In March 2023, Mitsubishi Electric announced that it would be investing $1.87 billion in the coming five years to boost the production capacity of silicon carbide (SiC) power semiconductors. The investment would be used to construct a new wafer plant.
In February 2023, Microchip Technology Inc. announced that it would be investing $880 million in the upcoming years in order to increase its SiC and silicon production capacity.
In January 2023, Wolfspeed, Inc. and ZF established a strategic alliance to enhance silicon carbide systems and devices for mobility, industry, and energy applications. This agreement would entail the establishment of a collaborative innovation lab. The cooperation also includes a sizable investment by ZF to enable the development of the largest and most sophisticated 200mm silicon carbide device fab in the world in Ensdorf, Germany.
In August 2022, Onsemi inaugurated its new silicon carbide (SiC) production facility in New Hampshire, U.S. The new facility would increase the company’s SiC production capacity, which would help in catering to the growing demand.

Demand - Drivers and Limitations

The following are the demand drivers for the silicon carbide (SiC) market for electric vehicles (EVs):

Superior Properties of Silicon Carbide Compared to Silicon
Growth in the Demand for Electric Vehicles
Increasing Investment toward Enhancing SiC Manufacturing Capacity

The following are the challenges for the silicon carbide (SiC) market for electric vehicles (EVs):

Higher Manufacturing Cost Associated with SiC Semiconductors
Limitation of Producing Large-Diameter SiC Wafers

How can this report add value to an organization?

Product/Innovation Strategy: Globally, the leading and emerging silicon carbide (SiC) manufacturers are continuously working to make their SiC offerings more power-efficient than ever. High SiC device cost and low yield are among some of the major concerns among the silicon carbide (SiC) manufacturers in the silicon carbide (SiC) industry for electric vehicles (EVs). The players operating in the silicon carbide (SiC) market for electric vehicles (EVs) have been working on the development of improved silicon carbide (SiC) to mitigate the growing challenges associated with yield numbers and device costs.

Growth/Marketing Strategy: The silicon carbide (SiC) market for electric vehicles (EVs) has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include market developments and partnerships, collaborations, acquisitions, and joint ventures.

Competitive Strategy: The key players in the silicon carbide (SiC) market for electric vehicles (EVs) analyzed and profiled in the study include silicon carbide (SiC) manufacturers that design, develop and market silicon carbide (SiC) materials for electric vehicles (EVs). Moreover, a detailed competitive benchmarking of the players operating in the silicon carbide (SiC) market for electric vehicles (EVs) has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

The global silicon carbide (SiC) market for electric vehicles (EVs) is highly consolidated, where the top two manufacturers alone accounted for around 70% of the market share in 2022, while the remaining companies operating in the market captured around 30% of the market share.

Key Companies Profiled:

Wolfspeed, Inc.
Infineon Technologies
Onsemi
Coherent Corp. (previously known as II-VI Incorporated)
STMicroelectronics
Robert Bosch GmbH
ROHM CO., LTD.
Microchip Technology Inc.
Mitsubishi Electric
Alpha and Omega Semiconductor
Toshiba Corporation
Littelfuse, Inc
GeneSiC Semiconductor
Fuji Electric Co. Ltd.
WeEn Semiconductors
Solitron Devices, Inc.

1 Markets

1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Growing Numbers of Electric Vehicles Worldwide
1.1.1.2 Surge in Investments and Funding in Silicon Carbide (SiC) Manufacturing for Electric Vehicles
1.1.1.3 Rapid Technological Advancements in Wide-Bandgap Power Semiconductors
1.1.2 Ecosystem/Ongoing Programs
1.1.2.1 Consortiums, Associations, and Regulatory Bodies
1.1.3 Supply Chain Network
1.1.4 Technology Roadmap
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Superior Properties of Silicon Carbide Compared to Silicon
1.2.1.2 Growth in the Demand for Electric Vehicles
1.2.1.3 Increasing Investment toward Enhancing SiC Manufacturing Capacity
1.2.2 Business Challenges
1.2.2.1 Higher Manufacturing Cost Associated with SiC Semiconductors
1.2.2.2 Limitation of Producing Large-Diameter SiC Wafers
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.5 Business Opportunities
1.2.5.1 Development of Autonomous Vehicles
1.3 Other Applications of the Silicon Carbide (SiC)
1.3.1 Energy and Power
1.3.2 Industrial
1.3.3 Telecommunications
1.3.4 Others
1.3.4.1 Aerospace Industry
1.3.4.2 Medical Industry

2 Applications

2.1 Global Silicon Carbide (SiC) Market for Electric Vehicles - Applications and Specifications
2.1.1 Global Silicon Carbide (SiC) Market for Electric Vehicles (by Application)
2.1.1.1 Traction Inverter
2.1.1.2 On-Board Charger (OBC)
2.1.1.3 DC-DC Converter
2.1.2 Global Silicon Carbide (SiC) Market for Electric Vehicles (by Vehicle Type)
2.1.2.1 Passenger Vehicles
2.1.2.2 Commercial Vehicles
2.1.3 Global Silicon Carbide (SiC) Market for Electric Vehicles (by Propulsion Type)
2.1.3.1 Battery Electric Vehicles (BEVs)
2.1.3.2 Hybrid Electric Vehicles and Plug-in Hybrid Electric Vehicles (HEVs and PHEVs)
2.2 Silicon Carbide (SiC) Market for Electric Vehicles (by Application) - Demand Analysis
2.2.1 Silicon Carbide (SiC) Market for Electric Vehicles (by Application), Volume and Value Data
2.2.1.1 Traction Inverter
2.2.1.2 On-Board Charger (OBC)
2.2.1.3 DC-DC Converter
2.2.2 Silicon Carbide (SiC) Market for Electric Vehicles (by Vehicle Type), Volume and Value Data
2.2.2.1 Passenger Vehicles
2.2.2.2 Commercial Vehicles
2.2.3 Silicon Carbide (SiC) Market for Electric Vehicles (by Propulsion Type), Volume and Value Data
2.2.3.1 Battery Electric Vehicles (BEVs)
2.2.3.2 Hybrid Electric Vehicles and Plug-in Hybrid Electric Vehicles (HEVs and PHEVs)

3 Products

3.1 Global Silicon Carbide (SiC) Market for Electric Vehicles - Products and Specifications
3.1.1 Global Silicon Carbide (SiC) Market for Electric Vehicles (by Product)
3.1.1.1 SiC MOSFETs
3.1.1.2 SiC Diodes
3.1.2 Global Silicon Carbide (SiC) Market for Electric Vehicles (by Voltage)
3.1.2.1 Up to 800V
3.1.2.2 More than 800V
3.2 Silicon Carbide (SiC) Market for Electric Vehicles (by Product) - Demand Analysis
3.2.1 Silicon Carbide (SiC) Market for Electric Vehicles (by Product), Volume and Value Data
3.2.1.1 SiC MOSFETs
3.2.1.2 SiC Diodes
3.2.2 Silicon Carbide (SiC) Market for Electric Vehicles (by Voltage), Volume and Value Data
3.2.2.1 Up to 800V
3.2.2.2 More than 800V

4 Regions

4.1 North America
4.1.1 Market
4.1.1.1 Buyer Attributes
4.1.1.2 Key Manufacturers/Suppliers in North America
4.1.1.3 Business Challenges
4.1.1.4 Business Drivers
4.1.2 Application
4.1.2.1 North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.1.2.2 North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.1.2.3 North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.1.3 Product
4.1.3.1 North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.1.3.2 North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.1.4 North America: Country-Level Analysis
4.1.4.1 U.S.
4.1.4.1.1 Market
4.1.4.1.1.1 Buyer Attributes
4.1.4.1.1.2 Key Manufacturers/Suppliers in the U.S.
4.1.4.1.1.3 Business Challenges
4.1.4.1.1.4 Business Drivers
4.1.4.1.2 Application
4.1.4.1.2.1 U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.1.4.1.2.2 U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.1.4.1.2.3 U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.1.4.1.3 Product
4.1.4.1.3.1 U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.1.4.1.3.2 U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.1.4.2 Canada
4.1.4.2.1 Market
4.1.4.2.1.1 Buyer Attributes
4.1.4.2.1.2 Key Manufacturers/Suppliers in Canada
4.1.4.2.1.3 Business Challenges
4.1.4.2.1.4 Business Drivers
4.1.4.2.2 Application
4.1.4.2.2.1 Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.1.4.2.2.2 Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.1.4.2.2.3 Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.1.4.2.3 Product
4.1.4.2.3.1 Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.1.4.2.3.2 Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.1.4.3 Mexico
4.1.4.3.1 Market
4.1.4.3.1.1 Buyer Attributes
4.1.4.3.1.2 Key Manufacturers/Suppliers in Mexico
4.1.4.3.1.3 Business Challenges
4.1.4.3.1.4 Business Drivers
4.1.4.3.2 Application
4.1.4.3.2.1 Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.1.4.3.2.2 Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.1.4.3.2.3 Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.1.4.3.3 Product
4.1.4.3.3.1 Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.1.4.3.3.2 Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2 Europe
4.2.1 Market
4.2.1.1 Buyer Attributes
4.2.1.2 Key Manufacturers/Suppliers in Europe
4.2.1.3 Business Challenges
4.2.1.4 Business Drivers
4.2.2 Application
4.2.2.1 Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.2.2 Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.2.3 Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.3 Product
4.2.3.1 Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.2.3.2 Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2.4 Europe: Country-Level Analysis
4.2.4.1 Germany
4.2.4.1.1 Market
4.2.4.1.1.1 Buyer Attributes
4.2.4.1.1.2 Key Manufacturers/Suppliers in Germany
4.2.4.1.1.3 Business Challenges
4.2.4.1.1.4 Business Drivers
4.2.4.1.2 Application
4.2.4.1.2.1 Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.4.1.2.2 Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.4.1.2.3 Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.4.1.3 Product
4.2.4.1.3.1 Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Produc), Volume and Value Data
4.2.4.1.3.2 Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2.4.2 France
4.2.4.2.1 Market
4.2.4.2.1.1 Buyer Attributes
4.2.4.2.1.2 Key Manufacturers/Suppliers in France
4.2.4.2.1.3 Business Challenges
4.2.4.2.1.4 Business Drivers
4.2.4.2.2 Application
4.2.4.2.2.1 France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.4.2.2.2 France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.4.2.2.3 France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.4.2.3 Product
4.2.4.2.3.1 France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.2.4.2.3.2 France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2.4.3 Italy
4.2.4.3.1 Market
4.2.4.3.1.1 Buyer Attributes
4.2.4.3.1.2 Key Manufacturers/Suppliers in Italy
4.2.4.3.1.3 Business Challenges
4.2.4.3.1.4 Business Drivers
4.2.4.3.2 Application
4.2.4.3.2.1 Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.4.3.2.2 Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.4.3.2.3 Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.4.3.3 Product
4.2.4.3.3.1 Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.2.4.3.3.2 Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2.4.4 Spain
4.2.4.4.1 Market
4.2.4.4.1.1 Buyer Attributes
4.2.4.4.1.2 Key Manufacturers/Suppliers in Spain
4.2.4.4.1.3 Business Challenges
4.2.4.4.1.4 Business Drivers
4.2.4.4.2 Application
4.2.4.4.2.1 Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.4.4.2.2 Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.4.4.2.3 Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.4.4.3 Product
4.2.4.4.3.1 Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.2.4.4.3.2 Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.2.4.5 Rest-of-Europe
4.2.4.5.1 Market
4.2.4.5.1.1 Buyer Attributes
4.2.4.5.1.2 Key Manufacturers/Suppliers in Rest-of-Europe
4.2.4.5.1.3 Business Challenges
4.2.4.5.1.4 Business Drivers
4.2.4.5.2 Application
4.2.4.5.2.1 Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.2.4.5.2.2 Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.2.4.5.2.3 Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.2.4.5.3 Product
4.2.4.5.3.1 Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.2.4.5.3.2 Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.3 U.K.
4.3.1 Market
4.3.1.1 Buyer Attributes
4.3.1.2 Key Manufacturers/Suppliers in the U.K.
4.3.1.3 Business Challenges
4.3.1.4 Business Drivers
4.3.2 Application
4.3.2.1 U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.3.2.2 U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.3.2.3 U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.3.3 Product
4.3.3.1 U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.3.3.2 U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.4 China
4.4.1 Market
4.4.1.1 Buyer Attributes
4.4.1.2 Key Manufacturers/Suppliers in China
4.4.1.3 Business Challenges
4.4.1.4 Business Drivers
4.4.2 Application
4.4.2.1 China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.4.2.2 China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.4.2.3 China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.4.3 Product
4.4.3.1 China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.4.3.2 China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.5 Asia-Pacific and Japan
4.5.1 Market
4.5.1.1 Buyer Attributes
4.5.1.2 Key Manufacturers/Suppliers in Asia-Pacific and Japan
4.5.1.3 Business Challenges
4.5.1.4 Business Drivers
4.5.2 Application
4.5.2.1 Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.5.2.2 Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.5.2.3 Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.5.3 Product
4.5.3.1 Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.5.3.2 Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.5.4 Asia-Pacific and Japan: Country-Level Analysis
4.5.4.1 Japan
4.5.4.1.1 Market
4.5.4.1.1.1 Buyer Attributes
4.5.4.1.1.2 Key Manufacturers/Suppliers in Japan
4.5.4.1.1.3 Business Challenges
4.5.4.1.1.4 Business Drivers
4.5.4.1.2 Application
4.5.4.1.2.1 Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.5.4.1.2.2 Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.5.4.1.2.3 Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.5.4.1.3 Product
4.5.4.1.3.1 Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.5.4.1.3.2 Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.5.4.2 South Korea
4.5.4.2.1 Market
4.5.4.2.1.1 Buyer Attributes
4.5.4.2.1.2 Key Manufacturers/Suppliers in South Korea
4.5.4.2.1.3 Business Challenges
4.5.4.2.1.4 Business Drivers
4.5.4.2.2 Application
4.5.4.2.2.1 South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.5.4.2.2.2 South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.5.4.2.2.3 South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.5.4.2.3 Product
4.5.4.2.3.1 South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.5.4.2.3.2 South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.5.4.3 India
4.5.4.3.1 Market
4.5.4.3.1.1 Buyer Attributes
4.5.4.3.1.2 Key Manufacturers/Suppliers in India
4.5.4.3.1.3 Business Challenges
4.5.4.3.1.4 Business Drivers
4.5.4.3.2 Application
4.5.4.3.2.1 India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.5.4.3.2.2 India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.5.4.3.2.3 India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.5.4.3.3 Product
4.5.4.3.3.1 India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.5.4.3.3.2 India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.5.4.4 Rest-of-Asia-Pacific and Japan
4.5.4.4.1 Market
4.5.4.4.1.1 Buyer Attributes
4.5.4.4.1.2 Key Manufacturers/Suppliers in Rest-of-Asia-Pacific and Japan
4.5.4.4.1.3 Business Challenges
4.5.4.4.1.4 Business Drivers
4.5.4.4.2 Application
4.5.4.4.2.1 Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.5.4.4.2.2 Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.5.4.4.2.3 Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.5.4.4.3 Product
4.5.4.4.3.1 Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.5.4.4.3.2 Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data
4.6 Rest-of-the-World
4.6.1 Market
4.6.1.1 Buyer Attributes
4.6.1.2 Key Manufacturers/Suppliers in Rest-of-the-World
4.6.1.3 Business Challenges
4.6.1.4 Business Drivers
4.6.2 Application
4.6.2.1 Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Volume and Value Data
4.6.2.2 Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Volume and Value Data
4.6.2.3 Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Volume and Value Data
4.6.3 Product
4.6.3.1 Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Volume and Value Data
4.6.3.2 Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Volume and Value Data

5 Markets - Competitive Benchmarking & Company Profiles

5.1 Competitive Benchmarking
5.2 Market Share Analysis
5.2.1 Market Share Analysis: Silicon Carbide (SiC) Wafer Market
5.3 Company Profiles
5.3.1 Wolfspeed, Inc.
5.3.1.1 Company Overview
5.3.1.1.1 Role of Wolfspeed, Inc. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.1.1.1.1 Product Portfolio
5.3.1.1.2 Production Sites
5.3.1.1.3 R&D Analysis
5.3.1.1.4 Business Strategies
5.3.1.1.4.1 Market Development
5.3.1.1.5 Corporate Strategies
5.3.1.1.5.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.1.1.6 Analyst View
5.3.2 Infineon Technologies
5.3.2.1 Company Overview
5.3.2.1.1 Role of Infineon Technologies in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.2.1.1.1 Product Portfolio
5.3.2.1.2 R&D Analysis
5.3.2.1.3 Business Strategies
5.3.2.1.3.1 Product Development
5.3.2.1.4 Corporate Strategies
5.3.2.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.2.1.5 Analyst View
5.3.3 Onsemi
5.3.3.1 Company Overview
5.3.3.1.1 Role of Onsemi in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.3.1.1.1 Product Portfolio
5.3.3.1.2 R&D Analysis
5.3.3.1.3 Business Strategies
5.3.3.1.3.1 Market Development
5.3.3.1.4 Corporate Strategies
5.3.3.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.3.1.5 Analyst View
5.3.4 Coherent Corp. (previously known as II-VI Incorporated)
5.3.4.1 Company Overview
5.3.4.1.1 Role of Coherent Corp. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.4.1.1.1 Product Portfolio
5.3.4.1.2 R&D Analysis
5.3.4.1.3 Corporate Strategies
5.3.4.1.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.4.1.4 Analyst View
5.3.5 STMicroelectronics
5.3.5.1 Company Overview
5.3.5.1.1 Role of STMicroelectronics in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.5.1.1.1 Product Portfolio
5.3.5.1.2 R&D Analysis
5.3.5.1.3 Business Strategies
5.3.5.1.3.1 Market Development
5.3.5.1.4 Corporate Strategies
5.3.5.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.5.1.5 Analyst View
5.3.6 Robert Bosch GmbH
5.3.6.1 Company Overview
5.3.6.1.1 Role of Robert Bosch GmbH in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.6.1.1.1 Product Portfolio
5.3.6.1.2 R&D Analysis
5.3.6.1.3 Business Strategies
5.3.6.1.3.1 Market Development
5.3.6.1.4 Corporate Strategies
5.3.6.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.6.1.5 Analyst View
5.3.7 ROHM CO., LTD.
5.3.7.1 Company Overview
5.3.7.1.1 Role of ROHM CO., LTD. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.7.1.1.1 Product Portfolio
5.3.7.1.2 R&D Analysis
5.3.7.1.3 Production Sites
5.3.7.1.4 Corporate Strategies
5.3.7.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.7.1.5 Analyst View
5.3.8 Microchip Technology Inc.
5.3.8.1 Company Overview
5.3.8.1.1 Role of Microchip Technology Inc. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.8.1.1.1 Product Portfolio
5.3.8.1.2 R&D Analysis
5.3.8.1.3 Business Strategies
5.3.8.1.3.1 Market Development
5.3.8.1.4 Analyst View
5.3.9 Mitsubishi Electric
5.3.9.1 Company Overview
5.3.9.1.1 Role of Mitsubishi Electric in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.9.1.1.1 Product Portfolio
5.3.9.1.2 R&D Analysis
5.3.9.1.3 Business Strategies
5.3.9.1.3.1 Market Development
5.3.9.1.4 Corporate Strategies
5.3.9.1.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
5.3.9.1.5 Analyst View
5.3.10 Alpha and Omega Semiconductor
5.3.10.1 Company Overview
5.3.10.1.1 Role of Alpha and Omega Semiconductor in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.10.1.1.1 Product Portfolio
5.3.10.1.2 R&D Analysis
5.3.10.1.3 Business Strategies
5.3.10.1.3.1 Market Development
5.3.10.1.4 Analyst View
5.3.11 Toshiba Corporation
5.3.11.1 Company Overview
5.3.11.1.1 Role of Toshiba Corporation in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.11.1.1.1 Product Portfolio
5.3.11.1.2 R&D Analysis
5.3.11.1.3 Business Strategies
5.3.11.1.3.1 Market Development
5.3.11.1.4 Analyst View
5.3.12 Littelfuse, Inc.
5.3.12.1 Company Overview
5.3.12.1.1 Role of Littelfuse, Inc. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.12.1.1.1 Product Portfolio
5.3.12.1.2 Production Sites
5.3.12.1.3 R&D Analysis
5.3.12.1.4 Business Strategies
5.3.12.1.4.1 Market Development
5.3.12.1.5 Analyst View
5.3.13 GeneSiC Semiconductor
5.3.13.1 Company Overview
5.3.13.1.1 Role of GeneSiC in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.13.1.1.1 Product Portfolio
5.3.13.1.2 Analyst View
5.3.14 Fuji Electric Co. Ltd.
5.3.14.1 Company Overview
5.3.14.1.1 Role of Fuji Electric Co. Ltd in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.14.1.1.1 Product Portfolio
5.3.14.1.2 R&D Analysis
5.3.14.1.3 Business Strategies
5.3.14.1.3.1 Market Development
5.3.14.1.4 Analyst View
5.3.15 WeEn Semiconductors
5.3.15.1 Company Overview
5.3.15.1.1 Role of WeEn Semiconductors in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.15.1.1.1 Product Portfolio
5.3.15.1.2 Analyst View
5.3.16 Solitron Devices, Inc.
5.3.16.1 Company Overview
5.3.16.1.1 Role of Solitron Devices, Inc. in the Silicon Carbide (SiC) Market for Electric Vehicles
5.3.16.1.1.1 Product Portfolio
5.3.16.1.2 Business Strategies
5.3.16.1.2.1 Market Development
5.3.16.1.3 Analyst View

6 Research Methodology

6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.2 Data Triangulation
6.3 Market Estimation and Forecast
6.3.1 Factors for Data Prediction and Modeling

List of Figures

Figure 1: Silicon Carbide (SiC) Market for Electric Vehicles Overview, Thousand Units, 2022-2032
Figure 2: Silicon Carbide (SiC) Market for Electric Vehicles Overview, $Million, 2022-2032
Figure 3: Silicon Carbide (SiC) Market for Electric Vehicles (by Vehicle Type), $Million, 2022-2032
Figure 4: Silicon Carbide (SiC) Market for Electric Vehicles (by Propulsion Type), $Million, 2022-2032
Figure 5: Silicon Carbide (SiC) Market for Electric Vehicles (by Application), $Million, 2022-2032
Figure 6: Silicon Carbide (SiC) Market for Electric Vehicles (by Product), $Million, 2022-2032
Figure 7: Silicon Carbide (SiC) Market for Electric Vehicles (by Voltage), $Million, 2022-2032
Figure 8: Silicon Carbide (SiC) Market for Electric Vehicles (by Region), Value, $Million, 2022
Figure 9: Silicon Carbide (SiC) Market for Electric Vehicles: Coverage
Figure 10: Sales of Electric Vehicles, Million Units, 2020-2022
Figure 11: Supply Chain Network
Figure 12: Technology Roadmap for Silicon Carbide (SiC) Market for Electric Vehicles
Figure 13: Business Dynamics for Global SiC Market for Electric Vehicles
Figure 14: Sales of Electric Vehicles, Million Units, 2020-2022
Figure 15: Share of Key Market Strategies and Developments, January 2021-July 2023
Figure 16: Share of Developments (by Company), January 2021-June 2023
Figure 17: Silicon Carbide (SiC) Market for Electric Vehicle (Traction Inverter), $Million and Units, 2022-2032
Figure 18: Silicon Carbide (SiC) Market for Electric Vehicle (On-Board Charger (OBC)), $Million and Units, 2022-2032
Figure 19: Silicon Carbide (SiC) Market for Electric Vehicle (DC-DC Converter), $Million and Units, 2022-2032
Figure 20: Silicon Carbide (SiC) Market for Electric Vehicle (Passenger Vehicles), $Million and Units, 2022-2032
Figure 21: Silicon Carbide (SiC) Market for Electric Vehicle (Commercial Vehicles), $Million and Units, 2022-2032
Figure 22: Silicon Carbide (SiC) Market for Electric Vehicle (Battery Electric Vehicles (BEVs)), $Million and Units, 2022-2032
Figure 23: Silicon Carbide (SiC) Market for Electric Vehicle (HEVs and PHEVs), $Million and Units, 2022-2032
Figure 24: Silicon Carbide (SiC) Market for Electric Vehicle (SiC MOSFETs), $Million and Units, 2022-2032
Figure 25: Silicon Carbide (SiC) Market for Electric Vehicle (SiC Diodes), $Million and Units, 2022-2032
Figure 26: Silicon Carbide (SiC) Market for Electric Vehicle (Up to 800V), $Million Units, 2022-2032
Figure 27: Silicon Carbide (SiC) Market for Electric Vehicle (More than 800V), $Million Units, 2022-2032
Figure 28: Competitive Benchmarking for Silicon Carbide (SiC) Market for Electric Vehicles (EVs)
Figure 29: Wolfspeed, Inc.: R&D Expenditure
Figure 30: Infineon Technologies.: R&D Expenditure
Figure 31: Onsemi.: R&D Expenditure
Figure 32: Coherent Corp.: R&D Expenditure
Figure 33: STMicroelectronics.: R&D Expenditure
Figure 34: Robert Bosch GmbH: R&D Expenditure
Figure 35: ROHM CO., LTD.: R&D Expenditure
Figure 36: Microchip Technology Inc.: R&D Expenditure
Figure 37: Mitsubishi Electric: R&D Expenditure
Figure 38: Alpha and Omega Semiconductor: R&D Expenditure
Figure 39: Toshiba Corporation: R&D Expenditure
Figure 40: Littelfuse, Inc.: R&D Expenditure
Figure 41: Fuji Electric Co. Ltd.: R&D Expenditure
Figure 42: Research Methodology
Figure 43: Data Triangulation
Figure 44: Top-Down and Bottom-Up Approach
Figure 45: Assumptions and Limitations

List of Tables

Table 1: Silicon Carbide (SiC) Market for Electric Vehicles Overview
Table 2: Consortiums, Associations, and Regulatory Bodies
Table 3: Key Product Developments, January 2021-June 2023
Table 4: Key Market Developments, January 2021-June 2023
Table 5: Key Partnerships, Collaborations, Acquisition, and Joint Ventures, January 2021-July 2023
Table 6: Silicon Carbide (SiC) Market for Electric Vehicles (by Application), Units, 2022-2032
Table 7: Silicon Carbide (SiC) Market for Electric Vehicles (by Application), $Million, 2022-2032
Table 8: Silicon Carbide (SiC) Market for Electric Vehicles (by Vehicle Type), Units, 2022-2032
Table 9: Silicon Carbide (SiC) Market for Electric Vehicles (by Vehicle Type), $Million, 2022-2032
Table 10: Silicon Carbide (SiC) Market for Electric Vehicles (by Propulsion Type), Units, 2022-2032
Table 11: Silicon Carbide (SiC) Market for Electric Vehicles (by Propulsion Type), $Million, 2022-2032
Table 12: Silicon Carbide (SiC) Market for Electric Vehicles (by Product), Units, 2022-2032
Table 13: Silicon Carbide (SiC) Market for Electric Vehicles (by Product), $Million, 2022-2032
Table 14: Silicon Carbide (SiC) Market for Electric Vehicles (by Voltage), Units, 2022-2032
Table 15: Silicon Carbide (SiC) Market for Electric Vehicles (by Voltage), $Million, 2022-2032
Table 16: Silicon Carbide (SiC) Market for Electric Vehicles (by Region), Units, 2022-2032
Table 17: Silicon Carbide (SiC) Market for Electric Vehicles (by Region), $Million, 2022-2032
Table 18: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 19: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 20: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 21: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 22: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 23: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 24: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 25: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 26: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 27: North America Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 28: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 29: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 30: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 31: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 32: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 33: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 34: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 35: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 36: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 37: U.S. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 38: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 39: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 40: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 41: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 42: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 43: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 44: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 45: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 46: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 47: Canada Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 48: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 49: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 50: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 51: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 52: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 53: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 54: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 55: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 56: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 57: Mexico Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 58: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 59: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 60: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 61: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 62: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 63: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 64: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 65: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 66: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 67: Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 68: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 69: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 70: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 71: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 72: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 73: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 74: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 75: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 76: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 77: Germany Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 78: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 79: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 80: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 81: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 82: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 83: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 84: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 85: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 86: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 87: France Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 88: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 89: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 90: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 91: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 92: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 93: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 94: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 95: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 96: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 97: Italy Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 98: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 99: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 100: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 101: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 102: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 103: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 104: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 105: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 106: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 107: Spain Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 108: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 109: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 110: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 111: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 112: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 113: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 114: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 115: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 116: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 117: Rest-of-Europe Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 118: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 119: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 120: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 121: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 122: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 123: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 124: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 125: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 126: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 127: U.K. Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 128: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 129: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 130: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 131: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 132: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 133: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 134: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 135: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 136: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 137: China Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 138: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 139: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 140: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 141: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 142: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 143: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 144: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 145: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 146: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 147: Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 148: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 149: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 150: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 151: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 152: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 153: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 154: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 155: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 156: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 157: Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 158: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 159: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 160: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 161: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 162: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 163: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 164: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 165: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 166: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 167: South Korea Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 168: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 169: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 170: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 171: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 172: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 173: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 174: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 175: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 176: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 177: India Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 178: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 179: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 180: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 181: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 182: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 183: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 184: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 185: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 186: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 187: Rest-of-Asia-Pacific and Japan Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 188: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), Units, 2022-2032
Table 189: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Application), $Million, 2022-2032
Table 190: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), Units, 2022-2032
Table 191: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Vehicle Type), $Million, 2022-2032
Table 192: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), Units, 2022-2032
Table 193: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Propulsion Type), $Million, 2022-2032
Table 194: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), Units, 2022-2032
Table 195: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Product), $Million, 2022-2032
Table 196: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), Units, 2022-2032
Table 197: Rest-of-the-World Silicon Carbide (SiC) Market for Electric Vehicles (EVs) (by Voltage), $Million, 2022-2032
Table 198: Market Share Analysis: Silicon Carbide (SiC) Wafer Market

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Executive Summary

The global silicon carbide (SiC) market for electric vehicles is estimated to reach $9,031.2 million in 2032, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 33.02% during the forecast period 2023-2032.

The silicon carbide (SiC) market for electric vehicles is experiencing rapid growth and transformation, driven by the compelling advantages that SiC technology offers to the electric mobility sector. SiC, a semiconductor material with superior properties compared to traditional silicon, is revolutionizing the power electronics landscape in EVs.

USP of the Report

Extensive coverage of 16 key players operating in the global silicon carbide (SiC) market for electric vehicles (EVs)

Market share analysis for silicon carbide (SiC) wafer and silicon carbide (SiC) device markets based on product portfolio, recent developments, and regional spread

Analyst Perspective

According to Dhrubajyoti Narayan, Principal Analyst at the publisher, “The silicon carbide (SiC) market for electric vehicles (EVs) is likely to grow multi-fold during the forecast period, owing to the various advantages silicon carbide (SiC) materials have to offer over silicon and growing investment to bolster SiC manufacturing capabilities. As the automotive industry is entering into the autonomous vehicle era with electric vehicle OEMs working on vehicle models with high levels of autonomy, the demand for electric vehicle components with high-power electronics efficiency and faster data processing is expected to grow significantly. Moreover, initiatives by governments in the developed markets for silicon carbide (SiC) manufacturing capabilities are also expected to boost the growth of silicon carbide (SiC) market for electric vehicles (EVs). In terms of market rivalry/competition, the established silicon carbide (SiC) manufacturers catering to the electric vehicles industry are expected to face stiff competition from established and emerging semiconductor manufacturing companies who are making their entry into the automotive/electric vehicle industry.”

Key Companies Operating in The Market

The key players in the silicon carbide (SiC) market for electric vehicles (EVs) analyzed and profiled in the study include silicon carbide (SiC) manufacturers that design, develop and market silicon carbide (SiC) materials for electric vehicles (EVs). Moreover, a detailed competitive benchmarking of the players operating in the silicon carbide (SiC) market for electric vehicles (EVs) has been done to help the reader understand the ways in which players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players profiled in the report include Wolfspeed, Inc., Infineon Technologies, Onsemi, Coherent Corp., STMicroelectronics, Robert Bosch GmbH, ROHM CO., LTD., Microchip Technology Inc., Mitsubishi Electric, Alpha and Omega Semiconductor, Toshiba Corporation, Littelfuse, Inc, GeneSiC Semiconductor, Fuji Electric Co. Ltd., WeEn Semiconductors, and Solitron Devices, Inc.

Key Questions Answered in the Report

What are the major factors and trends that are impacting the adoption of silicon carbide (SiC) in electric vehicles?
What are some of the key initiatives taken by the existing players to improve their market positioning and strategies adopted by new players entering the market space?
Which application segment is expected to dominate the SiC market for electric vehicles?
Which product type segment is expected to emerge as the fastest-growing segment in the SiC market for electric vehicles?
Which region dominates the global SiC market for electric vehicles and is expected to emerge as the fastest-growing region?
What are the market shares of the leading manufacturers in the SiC market for electric vehicles?
What are the steps taken by existing manufacturers to overcome the hurdles toward the adoption of SiC semiconductors in electric vehicles?
What are the latest developments across the globe for the SiC market for electric vehicles, and what are the adoption patterns?
What are the constraints in the acceptance of SiC semiconductors in various regions and countries?
What are the regulations affecting the adoption of the SiC for electric vehicles?

Companies Mentioned

Wolfspeed, Inc.
Infineon Technologies
Onsemi
Coherent Corp. (previously known as II-VI Incorporated)
STMicroelectronics
Robert Bosch GmbH
ROHM CO., LTD.
Microchip Technology Inc.
Mitsubishi Electric
Alpha and Omega Semiconductor
Toshiba Corporation
Littelfuse, Inc
GeneSiC Semiconductor
Fuji Electric Co. Ltd.
WeEn Semiconductors
Solitron Devices, Inc.

Table Information

Report Attribute	Details
No. of Pages	240
Published	August 2023
Forecast Period	2023 - 2032
Estimated Market Value ( USD ) in 2023	$ 692.6 Million
Forecasted Market Value ( USD ) by 2032	$ 9031.2 Million
Compound Annual Growth Rate	33.0%
Regions Covered	Global
No. of Companies Mentioned	16

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