Silicon Carbide (SiC) Devices Producers and Silicon Carbide (SiC) Devices Market Trend
Date : 2022-05-26
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Silicon carbide (chemical formula SiC) has stable chemical properties, high thermal conductivity, low coefficient of thermal expansion, and good wear resistance. The industry chain of silicon carbide can be divided into SiC wafer, SiC epitaxial wafer, SiC device, SiC packaging and testing, accounting for 50.2%, 25.1%, 19.8%, and 4.9% of the total market cost, respectively.
The main suppliers of SiC devices are WolfSpeed (27.5%), ROHM (21.3%), Infineon (18.9%), Mitsubishi Motors (10.3%) and STM (8.1%).
SiC devices are used in new energy vehicles, power supply, photovoltaic, military and aerospace, traction systems, charging piles, etc. New energy vehicles are the largest and fastest growing market for SiC devices, with a market share of 31.1%.
The global SiC devices market size was 2.8 billion USD in 2017, growing to 4.5 billion USD in 2022, with a CAGR of 10.0% from 2017 to 2022. The global silicon carbide devices market size is expected to grow to USD 9.1 billion in 2027, with a CAGR of 15.1% from 2022 to 2027.
Figure 2017-2027 Global Silicon Carbide Devices Market Size (Billion USD) and CAGR
The main suppliers of SiC devices are WolfSpeed (27.5%), ROHM (21.3%), Infineon (18.9%), Mitsubishi Motors (10.3%) and STM (8.1%).SiC devices are used in new energy vehicles, power supply, photovoltaic, military and aerospace, traction systems, charging piles, etc. New energy vehicles are the largest and fastest growing market for SiC devices, with a market share of 31.1%.