Silicon Carbide Market Share, Size, and Outlook by 2027
Silicon Carbide Market: Strategic Insights
Silicon Carbide Market
-
CAGR (2019 - 2027)12.5% -
Market Size 2019
US$ 712.85 Million -
Market Size 2027
US$ 1,810.56 Million
Market Dynamics
GROWTH DRIVERS
- Increase in demand for power electronics
- Rising need for high-efficiency devices
FUTURE TRENDS
- Rise in demand for energy-efficient power devices
- Growth in semiconductor applications in electronics
OPPORTUNITIES
- Growth in electric vehicle industry
- Rise in demand for high-performance semiconductors
Key Players
- Fiven ASA
- AGSCO Corp
- Carborundum Universal Limited
- ESD SIC
- ESK SIC GmbH
- Futong Industry Co Limited
- Electro Abrasives LLC
- Washington Mills
- Tifor B V
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Black Silicon Carbide and Green Silicon Carbide
End-Use Industry
- Automotive
- Aerospace and Aviation
- Military and Defense
- Electronics and Semiconductor
- Medical and Healthcare
- Steel