The market for SiC power semiconductor is projected to cross the USD 1,359 Mn and expand at a noteworthy CAGR of 26.3% over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in a detailed study. The global SiC power semiconductor market was valued at USD 345.2 Mn in 2017.
Desirable features of SiC power devices such as higher critical electrical field, higher thermal conductivity, higher operating temperature, and higher current density allows SiC power devices to handle much power density as compared to traditional silicon counterparts. Major semiconductor companies have turned to the use of SiC as an ideal alternative which has spurred the growth of the global SiC power semiconductor market.
Rise in a number of energy efficiency projects to cater to the augmenting energy problems across the globe has induced high demand for SiC power semiconductors. The governments in multiple countries, especially in developing countries where energy crisis is an area of huge concern. SiC power devices exhibit advanced properties as compared to silicon and are utilized in solar power generation. SiC power semiconductors eliminate various issues associated with material limitations of silicon.
Enhanced power handling capacity, high thermal conductivity, and lower conduction loss properties of SiC power semiconductors have led to the expansion of the application range of these devices across various industry verticals which incites substantial growth in the global SiC power semiconductor market.
Being a relatively new technology, SiC power semiconductor market is met by certain challenges which are yet to be addressed. High cost of fabrication, expensive and bulky packaging, and complexities associated with the design and lack of expertise for the same are few impediments to the growth of the global SiC power semiconductor market.
Availability of gallium-nitride (GaN)-based power semiconductors as a substitute to SiC power semiconductors is expected to limit the growth of the global SiC power semiconductor market over the forecast period. Meanwhile, the introduction of 5G mobile communications is expected to create ample growth opportunities over the forecast period.
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Regional Outlook
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key markets for SiC power semiconductor.
APAC is the largest market for SiC power and is expected to dominate the global market throughout the forecast period. Expansion of 4G and LTE network has resulted in the proliferation of RF and cellular base station in the region. The rise in a number of energy efficiency projects coupled with government initiatives to develop solar power in the region acts as a plus for the growth of the market. In addition, the region has attracted massive investments from major players which fosters market growth.
Europe is a significant market driven by a thriving automotive industry in the region. The automotive industry generates substantial demand for SiC semiconductors since they allow for overall cost reduction.
North America market accounts for a 25% share of the global market. Presence of significant silicon carbide manufacturers and high investment on RD activities drives the market in North America.
Competitive Analysis
Mitsubishi Electric Corporation, STMicroelectronics NV, Cree Inc., ON Semiconductor, Infineon Technologies AG, and others are the eminent players in the global SiC power semiconductor market. The global SiC power semiconductor market is highly competitive where the growth of the vendors majorly depends on conditions such as government support, and industry development. In a bid to gain a competitive edge over the market, the market participants are focusing on RD and expansion of product line to provide energy efficient and cost-effective components.
Segmentation
The global SiC power semiconductor market has been segmented based on device, wafer size, application, and end user.
By device, the global SiC power semiconductor market has been segmented into SiC discrete devices and SiC bare die devices. The SiC discrete devices segment has been further segmented into MOSFET, diode, and module.
By wafer size, the global SiC power semiconductor market has been segmented into 2-inch, 4-inch, and 6-inch and above.
By application, the global SiC power semiconductor market has been segmented into RF devices cellular base stations, power supply inverter, power grids, EV motors, industrial motor drives, railway traction, and others.
By end user, the global SiC power semiconductor market has been segmented into telecommunication, energy power, automotive, industrial, electronics, and others.
Table of Content:
3 Research Methodology
3.1 Research Process 21
3.2 Forecast Model 25
4 Market Dynamics
4.1 Introduction 27
4.2 Drivers 28
4.2.1 Increase In Demand For SiC Power Semiconductor Due To Advantages Such As High Thermal Conductivity 28
4.2.2 Increase In Demand Of Power Electronics Modules Across Various Industry Verticals 28
4.2.3 Rise In Installation Of Solar Photovoltaic Panels For Electricity Generation 28
4.2.4 Drivers Impact Analysis 29
4.3 Restraints 29
4.3.1 Design Complexity And High Cost Of SiC MOSFET 29
4.3.2 Availability Of GaN As A Substitute For SiC 29
4.3.3 Restraints Impact Analysis 30
4.4 Opportunities 30
4.4.1 Introduction Of Fifth-Generation (5G) Mobile Communication 30
4.4.2 Rising Adoption Of Electric Vehicles 31
5 Market Factor Analysis
5.1 Supply Chain Analysis 33
5.1.1 Raw Material Suppliers 33
5.1.2 SiC Wafer/Substrate Manufacturers 33
5.1.3 System Integrators/Assemblers 34
5.1.4 Distributors/Value-Added Resellers (VARs) 34
5.1.5 End-Users 34
5.2 Porter’s Five Forces Model 35
5.2.1 Threat Of New Entrants 35
5.2.2 Bargaining Power Of Suppliers 35
5.2.3 Threat Of Substitutes 36
5.2.4 Bargaining Power Of Buyers 36
5.2.5 Intensity Of Rivalry 36
6 Market Alerts
6.1 Impact Analysis Of Emerging Technology 38
7 Global SiC Power Semiconductor Market, By Device
7.1 Overview 40
7.1.1 SiC Discrete Devices 40
7.1.1.1 MOSFET 40
7.1.1.2 Diode 40
7.1.1.3 Module 40
7.1.2 SiC Bare Die Devices 40
8 Global SiC Power Semiconductor Market, By Wafer Size
8.1 Overview 44
8.1.1 2-Inch 44
8.1.2 4-Inch 44
8.1.3 6-Inch And Above 44
9 Global SiC Power Semiconductor Market, By Application
9.1 Overview 47
9.1.1 RF Devices Cellular Base Station 47
9.1.2 Power Supply Inverter 47
9.1.3 Power Grids 47
9.1.4 EV Motor 47
9.1.5 Industrial Motor Drives 48
9.1.6 Railway Traction 48
9.1.7 Others 48
10 Global SiC Power Semiconductor Market, By End-User
10.1 Overview 51
10.1.1 Telecommunication 51
10.1.2 Energy Power 51
10.1.3 Automotive 51
10.1.4 Industrial 51
10.1.5 Electronics 51
10.1.6 Others 51
11 Global SiC Power Semiconductor Market, By Region
11.1 Introduction 55
11.1.1 North America 56
11.1.1.1 US 61
11.1.1.2 Canada 63
11.1.1.3 Mexico 65
11.1.2 Europe 67
11.1.2.1 UK 71
11.1.2.2 Germany 73
11.1.2.3 France 75
11.1.2.4 Rest Of Europe 77
11.1.3 Asia-Pacific 79
11.1.3.1 China 84
11.1.3.2 Japan 86
11.1.3.3 India 88
11.1.3.4 South Korea 90
11.1.3.5 Rest Of Asia-Pacific 92
11.1.4 Rest Of The World 94
11.1.4.1 Middle East Africa 98
11.1.4.2 Latin America 100
12 Competitive Landscape
12.1 Competitive Landscape 103
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