Technology & Telecommunications

According to a market report by Lucintel, the future of the silicon carbide power semiconductor market looks promising with opportunities in the automotive, consumer electronics, aerospace & defense, medical device, data & communication device, and energy & power sectors. The global silicon carbide power semiconductor market is expected to reach an estimated $2.4 billion by 2028 with a CAGR of 22.0% from 2023 to 2028. The major drivers for this market are growing adoption of SiC semiconductors in power electronics and increasing application in electric vehicle charging infrastructure.



In this market, 2 inches, 4 inches, and 6 inches & above are the major segments of silicon carbide power semiconductor market by wafer size. Lucintel forecasts that 4 inches will remain the largest segment over the forecast period due to growing application in a wide range of products, such as optoelectronics, high-power devices, high-temperature devices and high-frequency power devices

Within this market, automotive is expected to remain the largest end use segment due to increasing penetration of the SiC power semiconductor in plug-in hybrid (PHEV) and all-electric vehicles (xEV). 



APAC will remain the largest region due to growing automotive industry, supporting government polices, and the presence of the largest producers and consumers of consumer electronics in the region.

Allegro Microsystems, Infineon Technologies Ag, Rohm, STMicroelectronics, and On Semiconductor Corporation are the major suppliers in the global silicon carbide power semiconductor market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silicon carbide power semiconductor market by component, product, wafer size, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Silicon Carbide 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 trends and forecast for the global silicon carbide power semiconductor market by component, product, wafer size, end use, 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 silicon carbide power semiconductor market by component(schottky diodes, FET/MOSFET transistors, integrated circuits, rectifiers/diodes, power modules, and others), product (optoelectronic devices, power semiconductor, and frequency devices), wafer size (2 inches, 4 inches, and 6 inches & above), end use (automotive (electric vehicles and IC automobiles), consumer electronics, aerospace & defense, medical devices, data & communication devices, energy & power, (EV infrastructure and power distribution & utilities), others), 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 has occurred in the last five years and what has its impact been on the industry?