Silicon Carbide (SiC) Semiconductor Materials and Devices Market - Forecast(2021 - 2026)
The semiconductor market is one of highest revenue generating markets accounted to approximately $400 bn in 2017. Silicon is on the verge of becoming the material of choice for the electronics industry. Since every invention or creation in the manufacturing, industrial healthcare industry and so on has always relied on the innovations that have taken place in the semiconductor industry. The industry has always worked with silicon as the base material for all semiconductor components. However with new processes and demand for new efficient solutions for semiconductor processes had led to the substitute material (silicon carbide) for silicon so as to attribute the huge demand from the market.
Silicon carbide is a chemical compound of silicon and carbon, it improves the efficiency of a semiconductor device, resists from radiation and provides high power efficiency. Silicon carbide is now being used in the semiconductor industry albeit in small quantities in comparison to silicon as the base material. Decrease in the size of semiconductors with the use of Silicon carbide would propel the growth of the market. The market is worth more than 300 billion dollars and will continue to grow till beyond the forecast period.
The companies operating in this market will be looking at not just being able to provide Silicon Carbide (SiC) Semiconductor Materials for their current product facilities but will be looking at expanding their facilities, which will be solely dedicated to the production of silicon carbide over the forecast period.
The global market for silicon carbide semiconductor and devices market has been segmented based on the technology, product and end-use vertical. Based on the vertical the market is classified into automotive, military, aerospace and defence, industrial, ICT, energy and power among others.
The report contains the most detailed and in-depth segmentation of the silicon carbide semiconductor and devices market. The global silicon carbide semiconductor and devices market has been analyzed with respect to different parameters such as demand, supply and end-users.
The global silicon carbide semiconductor and devices market is estimated to reach $xxm in 2023 from $xxm in 2017 growing with CAGR of xx% during the forecast period. APAC region will continue to grow with highest CAGR as the new installation and capacity expansion will happen within the current facilities which are located within the APAC region. Development in industrial sector and power and smart grid projects will further propel the market growth. The market will witness vendors experimenting with many other materials; however, silicon carbide will be the first to be commercialized on a large scale within the forecast period.
The overall market has also been presented from the perspective of different geographical locations into standard geographic regions and key economies in the market. Competitive landscape for each of the segments is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments.
The market shares for the key players in 2017 are also provided.
Sample Companies Profiled in this Report are:
Cree Incorporated (U.S),
Fairchild Semiconductor International Inc. (U.S),
Genesic Semiconductor, Inc.(U.S),
Norstel AB (Sweden),
STMicroelectronics N.V (Switzerland)
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