Lucintel’s latest market report analyzed that silicon carbide provides attractive opportunities in automotive, energy, industrial transportation, telecom and infrastructure, consumer industries. The silicon carbide market is expected to reach $3.0 billion by 2028 with a CAGR of 17.8. In this market, SiC discrete devices is the largest segment by SiC based devices, whereas automotive is largest by end use. introduction of smartcut SiC technology, growing emergence of larger sized SiC wafers, and growing emergence of polished silicon carbide (SiC) wafer manufacturing provides strategic growth path in this market.
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Based on SiC based devices, the silicon carbide market is segmented into SiC discrete devices, SiC modules, and SiC bare die. The SiC discrete devices segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for SiC discrete device in RF and cellular base station application, power supplies, and inverters.
Browse in-depth TOC on “Silicon Carbide Market”
119 – Tables
129 – Figures
235 – Pages
The Silicon Carbide Market is marked by the presence of several big and small players. Some of the prominent players offering silicon carbide include Infineon Technologies, Wolfspeed, Inc., StMicroelectronics N.V, ON Semiconductors, Renesas Electric Corporation, Fiven A/S, ROHM Co., Ltd., Coorstek, Morgan Advanced Materials, Entegris.
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