According to a market report by Lucintel, the future of the silicon carbide (SiC) market looks promising with opportunities in the telecommunications, energy and power, automotive, renewable power generation, defense, and power electronics industries. The silicon carbide market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are increasing demand for motor drives, growing application of SiC devices in RF and cellular base station, and increasing use of SiC in semiconductor to perform at high temperature and high voltage environment.
In this market, SiC discrete devices, SiC MOSFET, SiC diode, SiC module, and SiC bare die are the major device types. Within the silicon carbide market, RF device and cellular base station, power grid device, flexible AC transmission systems (FACTS), high-voltage direct current (HVDC), and power supply and inverter are the major applications.
Infineon Technologies, Cree (Wolfspeed), RoHM Semiconductor, STMicroelectronics, ON Semiconductor, Toshiba, General Electric, Saint-Gobain Silicon Carbide, Fuji Electric, Ltd., and Renesas Electronics are among the major suppliers in the silicon carbide.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the silicon carbide market by device, application, wafer size, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Silicon Carbide Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This 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 silicon carbide market by device, application, wafer size, and end use industry, and region as follows:
By Device [$M shipment analysis for 2013 – 2024]:
• SIC discrete devices
• SiC MOSFET
• SiC diode
• SIC module
• SiC bare die
By Wafer Size [$M shipment analysis for 2013 – 2024]:
• 2 Inch
• 4 Inch
• 6-Inch and above
By Application [$M shipment analysis for 2013 – 2024]:
• RF Device and Cellular Base Station
• Power Grid Device
• Flexible AC Transmission Systems (FACTS)
• High-Voltage, Direct Current (HVDC)
• Power Supply and Inverter
• Lighting Control
• Industrial Motor Drive
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Telecommunications
• Energy & Power
• Automotive
• Renewable Power Generation
• Defense
• Power Electronics
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A 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 visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It 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.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the silicon carbide market, by device (SIC discrete devices, SiC MOSFET, SiC diode, SIC module, and SiC bare die),wafer size ( 2 Inch, 4 Inch, 6-Inch and above),application (RF device and cellular base station, power grid device, flexible AC transmission systems (FACTS), high-voltage, direct current (HVDC), power supply and inverter, lighting control, industrial motor drive, flame detector, EV motor drive, EV charging, electronic combat system, wind energy, and solar energy), end use industry (telecommunications, energy & power, automotive, renewable power generation, defense, and power electronics), and region (North America, Europe, APAC, and ROW) ?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the silicon carbide market?
Q.5 What are the business risks and threats to the silicon carbide market?
Q.6 What are emerging trends in this silicon carbide market and the reasons behind them?
Q.7 What are some changing demands of customers in the silicon carbide market?
Q.8 What are the new developments in the silicon carbide market? Which companies are leading these developments?
Q.9 Who are the major players in this silicon carbide market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this silicon carbide area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, silicon carbide market?