Technology & Telecommunications

According to a market report by Lucintel, the future of the SiC power semiconductor market looks promising with opportunities in the automotive, utilities & energy, industrial, transportation, IT & telecommunication, consumer electronics, aerospace & defense, and commercial industries. The global SiC power semiconductor market is expected to reach an estimated $0.9 billion with a CAGR of 22.0% from 2023 to 2028. The major drivers for this market are the rising demand for wireless communications and consumer electronics and increasing penetration of SiC devices in power device and automotive applications.



In this market, 6-inch, 4-inch, 2-inch, and above 6-inch are different segments of SiC power semiconductor market by wafer size. Lucintel forecast that 4-inch SiC power semiconductors will remain the largest wafer size segment over the forecast period due to growing in different products, such as high-power devices, optoelectronics, high-frequency power devices, and high-temperature devices.



Within this market, automotive segment is anticipated to witness the highest growth due to rising demand for electric vehicles on road and increasing application of silicon carbide semiconductor in automotive powertrain application.



Asia Pacific is expected to witness the highest growth during the forecast period due to high production of electronic components and devices along with increasing demand for power supply equipment in China and India.

WOLFSPEED, INC., STMicroelectronics, ROHM CO, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies, Semikron Danfoss, Renesas Electronics, and Microchip Technology are the major suppliers in the global SiC power semiconductor market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global SiC power semiconductor market by type, wafer size, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global SiC Power Semiconductor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global SiC power semiconductor market by type, wafer size, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global SiC power semiconductor market by type ((MOSFETs, hybrid modules, schottky barrier diodes (SBDs), IGBT, Bipolar Junction Transistor (BJT), Pin Diode, and Junction FET (JFET)), wafer size (6-inch, 4-inch, 2-inch, and above 6-inch), application (electric vehicles, photovoltaic, power supplies, industrial motor drives, EV charging infrastructure, and RF devices), end use industry (automotive, utilities & energy, industrial, transportation, IT & telecommunication, consumer electronics, aerospace & defense, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?