Silicon Carbide Semiconductor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Silicon Carbide semiconductor is a compound semiconductor of silicon carbide semiconductor that provides various advantages over traditional silicon semiconductor such as increased breakdown electric field, increased efficiency, increased bandgap and wider range of p and n type control for device construction. Increasing demand for SiC devices in power supply and inverter applications, owing to the variety of application provided by SiC, is one of the major driver for the growth in the market.

MARKET SCOPE

The "Global Silicon Carbide Semiconductor Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the silicon carbide semiconductor market with detailed market segmentation by device, voltage, industry vertical, and geography. The report provides key statistics on the market status of the leading silicon carbide semiconductor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on device, the global silicon carbide semiconductor market is segmented into JFET, MOSFET, diode, module, and others.
  
•   On the basis of voltage, the market is segmented into low voltage, medium voltage, and high voltage.
  
•   Based on industry vertical , the market is segmented into telecommunications, energy and power, automotive, renewable power generation, defense, power electronics, and others.
  

MARKET DYNAMICS

Drivers:

•   Rapidly increasing global demand for energy and the need for more efficient means of power generation with the help of power and electronic semiconductor devices, will fuel the growth in the market.
  
•   Huge demand from high-voltage power semiconductor applications and surging demand from aerospace and defense sector will fuel the growth of the market in coming years.
  

Restraints:

•   Poor oxidation resistance at high temperatures and huge competition from gallium nitride can act as restraining factors for the market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The silicon carbide semiconductor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the silicon carbide semiconductor market in these regions.

IMPACT OF COVID-19 ON SILICON CARBIDE SEMICONDUCTOR MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the silicon carbide semiconductor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from silicon carbide semiconductor market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silicon carbide semiconductor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   GeneSiC
  
•   Infineon Technologies AG
  
•   Littelfuse, Inc.
  
•   Microsemi, a wholly owned subsidiary of Microchip Technology Inc.
  
•   Mitsubishi Electric Corporation
  
•   Renesas Electronics Corporation
  
•   ROHM CO., LTD.
  
•   STMicroelectronics
  
•   TOSHIBA ELECTRONIC DEVICES AND STORAGE CORPORATION
  
•   WOLFSPEED, INC.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Silicon Carbide Semiconductor Report Scope