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Global Semi-Insulating Silicon Carbide Wafer Market to reach USD 1773.44 million by the end of 2030

Global Semi-Insulating Silicon Carbide Wafer Market Size Study & Forecast, by Type (4 Inch SiC Wafer, 6 Inch SiC Wafer), by Application (Power Device, Electronics & Optoelectronics, Wireless Infrastructure, Others), and Regional Analysis, 2023-2030

Product Code: EESC-73791428
Publish Date: 30-10-2023
Page: 200

Global Semi-Insulating Silicon Carbide Wafer Market is valued at approximately USD 438.05 million in 2022 and is anticipated to grow with a healthy growth rate of more than 19.1% over the forecast period 2023-2030. A Semi-insulating Silicon Carbide (SiC) wafer is a type of substrate utilized in the production of high-power and high-frequency electronic devices. SiC wafer is a semiconductor material formed with a combination of silicon and carbon. Semi-insulating SiC wafers have a resistance that ranges between a conductor and an insulator, in contrast to ordinary silicon wafers, which are conductive. They are mostly used in power devices, electronics & optoelectronics, wireless infrastructure, and others. The Semi-Insulating Silicon Carbide Wafer Market is expanding because of factors such as the surging demand for power electronic devices, rising focus on energy efficiency and the transition to clean energy solutions, and significant investments from both public and private sectors in SiC manufacturing capabilities.

In addition, the semi-insulating silicon carbide wafer market is expected to rise due to the rising use of SiC wafer in 5G communication networks and electric cars to supply high power, high voltage, and high-frequency devices. The India Brand Equity Foundation (IBEF) reported that approximately 10% of global car sales were electric in the year 2021, which shows a four-fold increase from the market share in 2019. With this, there are over 16.5 million electric vehicles on the road worldwide, which is three times more than there were in 2018. Accordingly, the growing initiatives for promoting the adoption of electric cars, coupled with the increasing benefits of using semi-insulating silicon carbide wafers in electric vehicles are positively influencing the market growth across the globe. Moreover, the increasing number of government initiatives to promote the adoption of advanced technologies and energy-efficient solutions., as well as the extensive research and development activities present various lucrative opportunities over the forecast years. However, the availability of substitutes and the complex manufacturing process are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Semi-Insulating Silicon Carbide Wafer Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to due to the immense economic growth of nations such as China and India. The adoption of high-tech power devices and high-end gadgets with reduced costs for electronics has increased the consumption of electronic products throughout the region. Major telecom firms in the nations are constructing a network of 5G infrastructure, which is promoting the expansion of the SiC wafer market. The demand for Semi-Insulating Silicon Carbide Wafer has also surged as the country’s auto electrification rate rises. Whereas, North America is expected to grow at the highest CAGR over the forecasting years. The substantial presence of well-known companies such as Wolf speed Inc., II-VI Incorporated, and others is promoting regional market growth. Also, the demand for SiC wafers has also been fueled by the increased use of power electronics and the shift to renewable energy sources. The growth of the automotive sector in North American nations such as the US and Canada is also boosting demand and aiding in the expansion of the market for semi-insulating silicon carbide wafers market during the estimated period.

Major market players included in this report are:
Wolfspeed, Inc. (U.S.)
II-VI Incorporated (U.S.)
STMicroelectronics (Switzerland)
ROHM CO., LTD (Japan)
SICC Co., Ltd. (China)
SK siltron Co. Ltd. (South Korea)
TankeBlue CO., LTD. (China)
CETC Solar Energy Holdings Co., Ltd. (China)
Synlight (China)

Recent Developments in the Market:
Ø In May 2022, Rhombus Energy Solutions- an EV charging and power conversion technology company declared that Wolfspeed is supplying SiC technology to enhance the power density, and efficiency, along with promoting faster charging times of their products.
Ø In March 2022, Showa Denko announced that the company starts the mass production of a 6-inch diameter silicon carbide single-crystal wafer. The objective of this initiative is to enhance the downsizing and energy efficiency of a power module.
Ø In August 2020, Coherent Corp. announced the acquisition of Ascatron- a pioneer in silicon carbide epitaxial wafer technology, to its vertically integrated Silicon Carbide power electronics technology platform.

Global Semi-Insulating Silicon Carbide Wafer Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
4 Inch SiC Wafer
6 Inch SiC Wafer

By Application:
Power Device
Electronics & Optoelectronics
Wireless Infrastructure

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Semi-Insulating Silicon Carbide Wafer Market, by Region, 2020-2030 (USD Million)
1.2.2. Semi-Insulating Silicon Carbide Wafer Market, by Type, 2020-2030 (USD Million)
1.2.3. Semi-Insulating Silicon Carbide Wafer Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Semi-Insulating Silicon Carbide Wafer Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Semi-Insulating Silicon Carbide Wafer Market Dynamics
3.1. Semi-Insulating Silicon Carbide Wafer Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Surging demand for power electronic devices Rising use of SiC wafer in 5G communication networks and electric cars
3.1.2. Market Challenges Complex manufacturing process Availability of substitutes
3.1.3. Market Opportunities Increasing number of government initiatives Extensive research and development activities
Chapter 4. Global Semi-Insulating Silicon Carbide Wafer Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Semi-Insulating Silicon Carbide Wafer Market, by Type
5.1. Market Snapshot
5.2. Global Semi-Insulating Silicon Carbide Wafer Market by Type, Performance – Potential Analysis
5.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
5.4.1. 4 Inch SiC Wafer
5.4.2. 6 Inch SiC Wafer
Chapter 6. Global Semi-Insulating Silicon Carbide Wafer Market, by Application
6.1. Market Snapshot
6.2. Global Semi-Insulating Silicon Carbide Wafer Market by Application, Performance – Potential Analysis
6.3. Global Semi-Insulating Silicon Carbide Wafer Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Semi-Insulating Silicon Carbide Wafer Market, Sub Segment Analysis
6.4.1. Power Device
6.4.2. Electronics & Optoelectronics
6.4.3. Wireless Infrastructure
6.4.4. Others
Chapter 7. Global Semi-Insulating Silicon Carbide Wafer Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Semi-Insulating Silicon Carbide Wafer Market, Regional Market Snapshot
7.4. North America Semi-Insulating Silicon Carbide Wafer Market
7.4.1. U.S. Semi-Insulating Silicon Carbide Wafer Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Semi-Insulating Silicon Carbide Wafer Market
7.5. Europe Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.5.1. U.K. Semi-Insulating Silicon Carbide Wafer Market
7.5.2. Germany Semi-Insulating Silicon Carbide Wafer Market
7.5.3. France Semi-Insulating Silicon Carbide Wafer Market
7.5.4. Spain Semi-Insulating Silicon Carbide Wafer Market
7.5.5. Italy Semi-Insulating Silicon Carbide Wafer Market
7.5.6. Rest of Europe Semi-Insulating Silicon Carbide Wafer Market
7.6. Asia-Pacific Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.6.1. China Semi-Insulating Silicon Carbide Wafer Market
7.6.2. India Semi-Insulating Silicon Carbide Wafer Market
7.6.3. Japan Semi-Insulating Silicon Carbide Wafer Market
7.6.4. Australia Semi-Insulating Silicon Carbide Wafer Market
7.6.5. South Korea Semi-Insulating Silicon Carbide Wafer Market
7.6.6. Rest of Asia Pacific Semi-Insulating Silicon Carbide Wafer Market
7.7. Latin America Semi-Insulating Silicon Carbide Wafer Market Snapshot
7.7.1. Brazil Semi-Insulating Silicon Carbide Wafer Market
7.7.2. Mexico Semi-Insulating Silicon Carbide Wafer Market
7.8. Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.1. Saudi Arabia Semi-Insulating Silicon Carbide Wafer Market
7.8.2. South Africa Semi-Insulating Silicon Carbide Wafer Market
7.8.3. Rest of Middle East & Africa Semi-Insulating Silicon Carbide Wafer Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Wolfspeed, Inc. (U.S.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. II-VI Incorporated (U.S.)
8.3.3. STMicroelectronics (Switzerland)
8.3.4. ROHM CO., LTD (Japan)
8.3.5. SHOWA DENKO K.K. (Japan)
8.3.6. SICC Co., Ltd. (China)
8.3.7. SK siltron Co. Ltd. (South Korea)
8.3.8. TankeBlue CO., LTD. (China)
8.3.9. CETC Solar Energy Holdings Co., Ltd. (China)
8.3.10. Synlight (China)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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