Product Code: 20818
The Global SiC Power Semiconductor Market, valued at USD 3.64 Billion in 2024, is projected to experience a CAGR of 30.44% to reach USD 17.93 Billion by 2030. Silicon Carbide (SiC) power semiconductors are wide bandgap materials, fundamentally composed of silicon and carbon, engineered to deliver superior electrical and thermal performance compared to traditional silicon-based devices, facilitating higher voltage handling, faster switching speeds, and operation at elevated temperatures. The market for these advanced semiconductors is primarily driven by the escalating demand for energy-efficient solutions across diverse sectors. Significant impetus comes from the rapid proliferation of electric vehicles, necessitating efficient power conversion systems, and the expansion of renewable energy infrastructure.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 3.64 Billion |
| Market Size 2030 | USD 17.93 Billion |
| CAGR 2025-2030 | 30.44% |
| Fastest Growing Segment | SiC Bare Die Devices |
| Largest Market | Asia Pacific |
Key Market Drivers
The expanding adoption of electric vehicles represents a pivotal driver for the global silicon carbide power semiconductor market. SiC devices deliver superior power efficiency and thermal management essential for high-voltage systems in modern electric vehicles, facilitating extended driving ranges, faster charging, and reduced system size and weight for components like traction inverters and onboard chargers. This electrification directly correlates with the demand for robust power electronics. According to the International Energy Agency's "Global Electric Vehicle Outlook 2024", in April 2024, global electric vehicle sales were projected to reach approximately 17 million by the end of 2024, underscoring the substantial market for advanced semiconductor solutions.
Key Market Challenges
The high manufacturing cost associated with Silicon Carbide (SiC) power semiconductors presents a significant impediment to the broader adoption and overall growth of the market. The production of SiC devices requires more capital-intensive processes compared to established silicon-based components, leading to higher unit costs for SiC power semiconductors. This elevated cost structure directly affects the pricing of end products, making SiC solutions less economically attractive for various applications where performance benefits do not sufficiently outweigh the increased initial investment.
Key Market Trends
The transition to larger diameter SiC wafers represents a significant trend in the global SiC power semiconductor market, primarily driven by the imperative to enhance manufacturing efficiency and reduce per-die costs. Moving from 6-inch to 8-inch wafers allows for a greater number of chips to be produced from a single wafer, thereby increasing output and improving economies of scale. According to SEMI, in February 2024, 200mm fab capacity for power and automotive semiconductors is projected to increase by 34% between 2023 and 2026. This scaling is crucial for meeting the escalating demand for SiC devices across various high-power applications. As a testament to this trend, Infineon officially opened the first phase of its new 200mm, or 8-inch, SiC power semiconductor fab in Kulim, Malaysia, on August 8, 2024, with large-scale production anticipated by 2025. This expansion is designed to establish the facility as the world's largest and most competitive 200mm SiC power semiconductor fabrication plant.
Key Market Players
- SMART Global Holdings, Inc.
- ROHM Co., Ltd.
- Infineon Technologies AG
- Semiconductor Components Industries, LLC
- STMicroelectronics International N.V.
- Microchip Technology Inc.
- Littelfuse, Inc.
- Texas instruments Incorporated
- NXP semiconductors N.V.
- Fuji Electric Co., Ltd.
Report Scope:
In this report, the Global SiC Power Semiconductor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
SiC Power Semiconductor Market, By Devices:
- SiC Discrete Devices
- SiC Bare Die Devices
SiC Power Semiconductor Market, By Application:
- RF Devices & Cellular Base Station
- Power Supply & Inverter
- Power Grids
- EV Motor
- Industrial Motor Drives
- Railway Traction
- Others
SiC Power Semiconductor Market, By End-User:
- Telecommunication
- Energy & Power
- Automotive
- Industrial
- Electronics
- Others
SiC Power Semiconductor Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global SiC Power Semiconductor Market.
Available Customizations:
Global SiC Power Semiconductor Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global SiC Power Semiconductor Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Devices (SiC Discrete Devices, SiC Bare Die Devices)
- 5.2.2. By Application (RF Devices & Cellular Base Station, Power Supply & Inverter, Power Grids, EV Motor, Industrial Motor Drives, Railway Traction, Others)
- 5.2.3. By End-User (Telecommunication, Energy & Power, Automotive, Industrial, Electronics, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America SiC Power Semiconductor Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Devices
- 6.2.2. By Application
- 6.2.3. By End-User
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States SiC Power Semiconductor Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Devices
- 6.3.1.2.2. By Application
- 6.3.1.2.3. By End-User
- 6.3.2. Canada SiC Power Semiconductor Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Devices
- 6.3.2.2.2. By Application
- 6.3.2.2.3. By End-User
- 6.3.3. Mexico SiC Power Semiconductor Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Devices
- 6.3.3.2.2. By Application
- 6.3.3.2.3. By End-User
7. Europe SiC Power Semiconductor Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Devices
- 7.2.2. By Application
- 7.2.3. By End-User
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany SiC Power Semiconductor Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Devices
- 7.3.1.2.2. By Application
- 7.3.1.2.3. By End-User
- 7.3.2. France SiC Power Semiconductor Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Devices
- 7.3.2.2.2. By Application
- 7.3.2.2.3. By End-User
- 7.3.3. United Kingdom SiC Power Semiconductor Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Devices
- 7.3.3.2.2. By Application
- 7.3.3.2.3. By End-User
- 7.3.4. Italy SiC Power Semiconductor Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Devices
- 7.3.4.2.2. By Application
- 7.3.4.2.3. By End-User
- 7.3.5. Spain SiC Power Semiconductor Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Devices
- 7.3.5.2.2. By Application
- 7.3.5.2.3. By End-User
8. Asia Pacific SiC Power Semiconductor Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Devices
- 8.2.2. By Application
- 8.2.3. By End-User
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China SiC Power Semiconductor Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Devices
- 8.3.1.2.2. By Application
- 8.3.1.2.3. By End-User
- 8.3.2. India SiC Power Semiconductor Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Devices
- 8.3.2.2.2. By Application
- 8.3.2.2.3. By End-User
- 8.3.3. Japan SiC Power Semiconductor Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Devices
- 8.3.3.2.2. By Application
- 8.3.3.2.3. By End-User
- 8.3.4. South Korea SiC Power Semiconductor Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Devices
- 8.3.4.2.2. By Application
- 8.3.4.2.3. By End-User
- 8.3.5. Australia SiC Power Semiconductor Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Devices
- 8.3.5.2.2. By Application
- 8.3.5.2.3. By End-User
9. Middle East & Africa SiC Power Semiconductor Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Devices
- 9.2.2. By Application
- 9.2.3. By End-User
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia SiC Power Semiconductor Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Devices
- 9.3.1.2.2. By Application
- 9.3.1.2.3. By End-User
- 9.3.2. UAE SiC Power Semiconductor Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Devices
- 9.3.2.2.2. By Application
- 9.3.2.2.3. By End-User
- 9.3.3. South Africa SiC Power Semiconductor Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Devices
- 9.3.3.2.2. By Application
- 9.3.3.2.3. By End-User
10. South America SiC Power Semiconductor Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Devices
- 10.2.2. By Application
- 10.2.3. By End-User
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil SiC Power Semiconductor Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Devices
- 10.3.1.2.2. By Application
- 10.3.1.2.3. By End-User
- 10.3.2. Colombia SiC Power Semiconductor Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Devices
- 10.3.2.2.2. By Application
- 10.3.2.2.3. By End-User
- 10.3.3. Argentina SiC Power Semiconductor Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Devices
- 10.3.3.2.2. By Application
- 10.3.3.2.3. By End-User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global SiC Power Semiconductor Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. SMART Global Holdings, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. ROHM Co., Ltd.
- 15.3. Infineon Technologies AG
- 15.4. Semiconductor Components Industries, LLC
- 15.5. STMicroelectronics International N.V.
- 15.6. Microchip Technology Inc.
- 15.7. Littelfuse, Inc.
- 15.8. Texas instruments Incorporated
- 15.9. NXP semiconductors N.V.
- 15.10. Fuji Electric Co., Ltd.
16. Strategic Recommendations
17. About Us & Disclaimer