Overview and Scope
The SiC-on-insulator (SiCOI) film market consists of sales of SiCOI wafers, substrates, and related materials used in the production of high-performance electronic devices, including power transistors, radio frequency devices, sensors, and integrated circuits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The SiC-on-insulator (SiCOI) film market size has grown exponentially in recent years. It will grow from $0.04 billion in 2023 to $0.06 billion in 2024 at a compound annual growth rate (CAGR) of 48.8%. The growth in the historic period can be attributed to increased demand for power electronics in renewable energy applications, increased adoption of SICOI in high-frequency, high-power electronic applications, rising adoption of electric vehicles, government incentives and regulations, and the need for high-frequency and high-power devices.
The SiC-on-insulator (SiCOI) film market size is expected to see exponential growth in the next few years. It will grow to $0.30 billion in 2028 at a compound annual growth rate (CAGR) of 49.0%. The growth in the forecast period can be attributed to growing investment in 5G infrastructure, growing demand for efficient power devices, the rollout of 5G networks and the development of 6G technologies, the rise of Industry 4.0 and the internet of things, and growing adoption in the aerospace industry. Major trends in the forecast period include advancements in fabrication techniques, integration with MEMS devices, the development of RF and high-frequency devices, research in quantum computing and photonics, and collaborations and partnerships.
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Segmentation & Regional Insights
The sic-on-insulator (SiCOI) film market covered in this report is segmented –
1) By Substrate: Silicon (Si) Substrate, Silicon Carbide (SiC) Substrate, Sapphire Substrate, Other Substrates
2) By Technology Route: Smart Cut Technology, Grinding Or Polishing Or Bonding Technology
3) By Wafer Size: 100 MM (4-Inch) Wafers, 150 MM (6-Inch) Wafers, 200 MM (8-Inch) Wafers, 300 MM (12-Inch) Wafers
4) By Application: Power Electronics, Aerospace and Defense, Automotive, Consumer Electronics, Others Applications
North America was the largest region in the SiC-on-insulator (SiCOI) film market in 2023. The regions covered in the sic-on-insulator (SiCOI) film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing adoption of electric vehicles is expected to propel the growth of the SiC-on-Insulator (SiCOI) film market going forward. Electric vehicles (EVs) refer to automobiles powered by electricity stored in batteries or fuel cells rather than traditional internal combustion engines. EV adoption is rising due to increased environmental awareness, advancements in battery technology, and supportive government policies. SiC-on-Insulator (SiCOI) films are beneficial in electric vehicles for enhancing power electronics efficiency and reliability, thus extending battery life and improving overall vehicle performance. For instance, in January 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in 2020, sales of electric vehicles surged to 3 million units, capturing 4.1% of total car sales. By 2021, electric vehicle sales had more than doubled to 6.6 million units, constituting nearly 9% of the global car market and tripling their market share from just two years prior. Therefore, the growing adoption of electric vehicles drives growth in the SiC-on-Insulator (SiCOI) film market.
Key Industry Players
Major companies operating in the sic-on-insulator (SiCOI) film market are Hitachi Power Semiconductor Device Ltd., Nippon Steel Corporation, Sumitomo Electric Industries Ltd., Mitsubishi Electric Corporation, Micron Technology, Toshiba Corporation, Texas Instruments, STMicroelectronics, Murata Manufacturing, Analog Devices Inc., Renesas Electronics Corporation, Fuji Electric Co. Ltd., Coherent Corp., Rohm Co. Ltd., ASM International, GlobalWafers, Disco Corporation, Soitec, Wolfspeed, X-FAB Silicon Foundries, Cree Inc. , Transphorm, United Silicon Carbide Inc., SK Siltron, SICC Materials Co. Ltd., SiCrystal AG
The sic-on-insulator (sicoi) film market report table of contents includes:
1. Executive Summary
2. SiC-On-Insulator (SiCOI) Film Market Characteristics
3. SiC-On-Insulator (SiCOI) Film Market Trends And Strategies
4. SiC-On-Insulator (SiCOI) Film Market – Macro Economic Scenario
5. Global SiC-On-Insulator (SiCOI) Film Market Size and Growth
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32. Global SiC-On-Insulator (SiCOI) Film Market Competitive Benchmarking
33. Global SiC-On-Insulator (SiCOI) Film Market Competitive Dashboard
34. Key Mergers And Acquisitions In The SiC-On-Insulator (SiCOI) Film Market
35. SiC-On-Insulator (SiCOI) Film Market Future Outlook and Potential Analysis
36. Appendix
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