Sales revenue of SiC wafer dropped by -10.23% in 2020 due to the impact of COVID-19. Despite the impact from COVID-19, rapid development of downstream industry, such as power device, wireless infrastructure etc would drive the silicon carbide wafer market will experience fast growth in the coming years. It is estimated that the global silicon carbide wafer market will be worthy of 609.88 million USD in the year of 2027, with the CAGR of 10.42% during the period of 2021 to 2027.
SiC single crystal wafers have excellent heat resistance and voltage resistance compared to silicon wafers that are widely used for semiconductors. SiC single crystal wafers can remarkably reduce energy loss during electric power control, significantly contributing to the reduction of energy use and environmental stress. They are highly expected as substrate materials for the next-generation.
Global Silicon Carbide Wafer Market- Key Players
Cree, DuPont (Dow Corning), SiCrystal, II-VI Advanced Materials, Nippon Steel & Sumitomo Metal, Showa Denko, Norstel, TankeBlue, SICC, Hebei Synlight Crystal, CETC, are some of the key players, functioning in the global Silicon Carbide Wafer market. The industry is highly concentrated with a few companies dominating the market. Cree is the largest manufacturer. In 2020, 39.23% of silicon carbide wafer supplied in the market were offered by the company. Besides the companies, SiCrystal also owns a certain market with 13.63% sales share in 2020.
Global Silicon Carbide Wafer Market- Type Analysis
According to its size, silicon carbide wafer can be mainly divided into four types, 2 inch, 3 inch, 4 inch and 6 inch. 4 inch and 6 inch are the most commonly used ones for the time being and growth at fast speed in the forecasted years. But, some companies are dedicated to provide larger size, such as 8 inch. Cree is developing the world’s first 200mm (8-inch) SiC fab, but 150mm (6-inch) will remain the mainstream SiC wafer size for some time.
Global Silicon Carbide Wafer Market- Application Analysis
Among various applications, demand from Power Device accounts for the largest share. In 2020, the field consumed 51.56% silicon carbide wafer. Growing demand from EV has contributed to the growth in power device market. While the Wireless Infrastructure industry is expected to achieves fast growth due to the demand from 5G station.
Global Silicon Carbide Wafer Market- Driver Analysis
Based on various forecasts, there still may be a supply constraint for SiC with high product prices. SiC is a compound semiconductor material based on silicon and carbon. In the production flow, a specialized SiC wafer is developed and processed in a fab, resulting in a SiC-based power semiconductor. SiC-based power semis and rival technologies are specialized transistors that switch currents at high voltages.
SiC stands out for several reasons. Compared to conventional silicon-based power semi devices, SiC has 10 times the breakdown field strength and 3 times the thermal conductivity, making it ideal for high-voltage applications, such as power supplies and solar inverters. The big growth opportunity for SiC is battery-electric cars.
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