Silicon Carbide Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Silicon Carbide Market size was estimated at USD 592.37 Million in 2020 and expected to reach USD 659.80 Million in 2021, at a Compound Annual Growth Rate (CAGR) 11% to reach USD 1,151.97 Million by 2027.

Silicon carbide is a white-gap semiconductor material often used by people in semiconductor electronic devices that operate at high temperatures or high voltages, sometimes both. Silicon carbide is also called carborundum. It is a compound of silica and carbon. Silicon carbide is one of the hardest materials because it has excellent performance time switching frequency and power ratings when compared to silicon. Silicon carbide also has the potential to provide high-power switching applications when extreme environmental conditions are present. These are some of the reasons and properties that make silicon carbide manufacturers a very demanding and demanding compound for their applications.

Market Segments

By Device

• SIC Discrete Device
• SIC Bare Die

By Wafer Size

• 2 Inch
• 4 Inch
• 6 Inch and Above

By Application

• Power Grid Devices
• Flexible AC Transmission Systems (FACTs)
• High-Voltage, Direct Current Systems (HVCDs)
• Power Supplies and Inverters
• RF Devices & Cellular Base Stations
• Lighting Control Systems
• Industrial Motor Drives
• Flame Detectors

Key Players

Infineon Technologies AG (Munich, Germany), CREE, INC. (North Carolina, US), ROHM Co., Ltd. (Kyoto, Japan), STMicroelectronics N.V. (Geneva, Switzerland), and Fuji Electric Co., Ltd. (Tokyo, Japan) are a few major companies operating in the silicon carbide market.

Scope of the Report

The research study analyzes the global Silicon Carbide industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Silicon Carbide Market Report

1. What was the Silicon Carbide Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Silicon Carbide Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Silicon Carbide Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.