Product Code: PM4459
The global SiC-on-insulator and other substrates market size is expected to reach USD 190.94 Million by 2032, according to a new study by Polaris Market Research. The report "SiC-On-Insulator and Other Substrates Market Share, Size, Trends, Industry Analysis Report, By Substrate Type (Semi-insulating SiC Substrates, Conductive SiC Substrates); By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global SiC-on-insulator and other substrate market is projected to grow significantly due to silicon carbide's superior properties, such as chemical inertness, high thermal conductivity, and high-temperature resistance, making it a perfect material for use in high-power electronic components, resulting in increased acceptance in power electronics and RF power amplifiers. Advances in CMOS technology have allowed the creation of low-cost and efficient SiC-on-insulator materials, broadening their application possibilities.
The increasing need for energy-efficient technologies fuels market growth, as SiC-on-insulator and other substrates assist in lowering energy consumption by preventing power losses in electronic components. However, the high cost of manufacturing SiC-on-insulator and other substrates poses a significant challenge to market growth. The high cost of raw materials, combined with complex manufacturing processes, raises the total cost of these materials, hindering their widespread use.
The market's expansion is due to an increasing need for efficient power electronics products that can operate effectively at extreme temperatures and frequencies. SiC-on-insulator and other substrates have more thermal insulation, lower thermal dissipation, and greater breakdown voltage, making them ideal for use in high-power electronic devices like renewable energy systems, electric vehicles, and advanced industrial applications. The manufacturers are committed to developing and manufacturing high-quality, dependable, and efficient products that fulfill the increasing demand for power electronics and RF applications.
SiC-On-Insulator and Other Substrates Market Report Highlights
The market for Conductive SiC Substrates is anticipated to witness substantial growth during the forecast period, owing to the surging demand for high-power electronic devices. These devices require advanced power devices that can efficiently handle high voltages and currents, thereby driving the demand for SiC substrates with superior conductive properties.
In 2023, the SiC-on-insulator and other substrates market was dominated by the power devices segment. This was primarily due to the rising demand for high-power electronic devices, including renewable energy systems, electric vehicles, and industrial motor drives.
The global market for SiC-on-insulator and other substrates has seen the Asia Pacific region take the lead due to the presence of leading semiconductor manufacturers in countries such as Taiwan, South Korea, Japan, and China. These manufacturers have been instrumental in driving the market forward by adopting advanced fabrication technologies and investing in research and development activities.
The global key market players include Ceramicforum Co. Ltd., Coherent Corporation, GlobalWafers Co. Ltd., Homray Material Technology, Precision Micro-optics Inc., SICC Co. Ltd., SOITEC, Hebei Synlight Semiconductor Co., Ltd., TankeBlue Co. Ltd., Wolfspeed Inc., Xiamen Powerway Advanced Material Co. Ltd., Hitachi Energy., etc.
Polaris Market Research has segmented the SiC-on-insulator and other substrates market report based on substrate type, application, and region:
SiC-On-Insulator and Other Substrates, Substrate Type Outlook (Revenue - USD Million, 2019 - 2032)
- Semi-insulating SiC Substrates
- Conductive SiC Substrates
SiC-On-Insulator and Other Substrates, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Power Devices
- RF Devices
- Micro Electro Mechanical Systems
- Photonic Devices
- Others
SiC-On-Insulator and Other Substrates, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global SiC-On-Insulator and Other Substrates Market Insights
- 4.1. SiC-On-Insulator and Other Substrates Market - Industry Snapshot
- 4.2. SiC-On-Insulator and Other Substrates Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancements and new product launches drive the SiC-on-insulator and other substrates market growth
- 4.2.1.2. The growing demand for energy-efficient technologies
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The high cost and complex manufacturing process limits SiC-on-insulator and other substrates' market growth
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. SiC-On-Insulator and Other Substrates Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global SiC-On-Insulator and Other Substrates Market, by Substrate Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global SiC-On-Insulator and Other Substrates, by Substrate Type, 2019-2032 (USD Million)
- 5.3. Semi-insulating SiC Substrates
- 5.3.1. Global SiC-On-Insulator and Other Substrates Market, by Semi-insulating SiC Substrates, by Region, 2019-2032 (USD Million)
- 5.4. Conductive SiC Substrates
- 5.4.1. Global SiC-On-Insulator and Other Substrates Market, by Conductive SiC Substrates, by Region, 2019-2032 (USD Million)
6. Global SiC-On-Insulator and Other Substrates Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 6.3. Power Devices
- 6.3.1. Global SiC-On-Insulator and Other Substrates Market, by Power Devices, by Region, 2019-2032 (USD Million)
- 6.4. RF Devices
- 6.4.1. Global SiC-On-Insulator and Other Substrates Market, by RF Devices, by Region, 2019-2032 (USD Million)
- 6.5. Micro Electro Mechanical Systems
- 6.5.1. Global SiC-On-Insulator and Other Substrates Market, by Micro Electro Mechanical Systems, by Region, 2019-2032 (USD Million)
- 6.6. Photonic Devices
- 6.6.1. Global SiC-On-Insulator and Other Substrates Market, by Photonic Devices, by Region, 2019-2032 (USD Million)
- 6.7. Others
- 6.7.1. Global SiC-On-Insulator and Other Substrates Market, by Others, by Region, 2019-2032 (USD Million)
7. Global SiC-On-Insulator and Other Substrates Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. SiC-On-Insulator and Other Substrates Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. SiC-On-Insulator and Other Substrates Market - North America
- 7.3.1. North America: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.3.3. SiC-On-Insulator and Other Substrates Market - U.S.
- 7.3.3.1. U.S.: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.3.4. SiC-On-Insulator and Other Substrates Market - Canada
- 7.3.4.1. Canada: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4. SiC-On-Insulator and Other Substrates Market - Europe
- 7.4.1. Europe: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.3. SiC-On-Insulator and Other Substrates Market - UK
- 7.4.3.1. UK: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.4. SiC-On-Insulator and Other Substrates Market - France
- 7.4.4.1. France: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.5. SiC-On-Insulator and Other Substrates Market - Germany
- 7.4.5.1. Germany: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.6. SiC-On-Insulator and Other Substrates Market - Italy
- 7.4.6.1. Italy: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.7. SiC-On-Insulator and Other Substrates Market - Spain
- 7.4.7.1. Spain: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.8. SiC-On-Insulator and Other Substrates Market - Netherlands
- 7.4.8.1. Netherlands: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.4.9. SiC-On-Insulator and Other Substrates Market - Russia
- 7.4.9.1. Russia: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5. SiC-On-Insulator and Other Substrates Market - Asia Pacific
- 7.5.1. Asia Pacific: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.3. SiC-On-Insulator and Other Substrates Market - China
- 7.5.3.1. China: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.4. SiC-On-Insulator and Other Substrates Market - India
- 7.5.4.1. India: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.5. SiC-On-Insulator and Other Substrates Market - Malaysia
- 7.5.5.1. Malaysia: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.6. SiC-On-Insulator and Other Substrates Market - Japan
- 7.5.6.1. Japan: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.7. SiC-On-Insulator and Other Substrates Market - Indonesia
- 7.5.7.1. Indonesia: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.5.8. SiC-On-Insulator and Other Substrates Market - South Korea
- 7.5.8.1. South Korea: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.6. SiC-On-Insulator and Other Substrates Market - Middle East & Africa
- 7.6.1. Middle East & Africa: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.6.3. SiC-On-Insulator and Other Substrates Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.6.4. SiC-On-Insulator and Other Substrates Market - UAE
- 7.6.4.1. UAE: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.6.5. SiC-On-Insulator and Other Substrates Market - Israel
- 7.6.5.1. Israel: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.6.6. SiC-On-Insulator and Other Substrates Market - South Africa
- 7.6.6.1. South Africa: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.7. SiC-On-Insulator and Other Substrates Market - Latin America
- 7.7.1. Latin America: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.7.3. SiC-On-Insulator and Other Substrates Market - Mexico
- 7.7.3.1. Mexico: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.7.4. SiC-On-Insulator and Other Substrates Market - Brazil
- 7.7.4.1. Brazil: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
- 7.7.5. SiC-On-Insulator and Other Substrates Market - Argentina
- 7.7.5.1. Argentina: SiC-On-Insulator and Other Substrates Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: SiC-On-Insulator and Other Substrates Market, by Substrate Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Ceramicforum Co. Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Coherent Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. GlobalWafers Co. Ltd.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Homray Material Technology
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Precision Micro-optics Inc.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. SICC Co. Ltd.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. SOITEC
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Hebei Synlight Semiconductor Co., Ltd.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. TankeBlue Co. Ltd.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Wolfspeed Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Xiamen Powerway Advanced Material Co. Ltd.
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Hitachi Energy
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development