Sillicon Carbide Market Is booming Worldwide | Fairchild Semiconductor International Inc. (U.S.), Norstel AB (Sweden), Renesas Electronics Corporation

The latest report about the Sillicon Carbide market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Sillicon Carbide market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Sillicon Carbide Market size was valued at USD 2.96 billion in 2021 and is anticipated to accelerate at a compound annual growth rate (CAGR) of 11.7% from 2022 to 2030.

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Market Segmentation-

The Global Sillicon Carbide market report chiefly includes following manufacturers-

Fairchild Semiconductor International Inc. (U.S.), Norstel AB (Sweden), Renesas Electronics Corporation (Japan), STMicroelectronics N.V (Switzerland), ROHM Co. Ltd. (Japan), Genesic Semiconductor Inc. (U.S.), CREE Incorporated (U.S.), Toshiba Corporation

Market Overview

Silicon carbide is a hard refractory material of silicon and carbon. It is also known as carborundum. It occurs in nature as the extremely rare mineral moissanite. The silicon carbide market is segmented by product, application, and geography. By product, the market is segmented into green SiC, black SiC, and other products. By application, the market is segmented into steel manufacturing, energy, automotive, aerospace and defense, electronics and semiconductor, and other applications. The report also offers market size and forecasts for 15 countries across major regions. For all the above segments, market sizing and forecasts have been done based on revenue (USD million).

In March 2020, SK Siltron, a global maker of semiconductor wafers, announced that it had completed the acquisition of DuPont's Silicon Carbide Wafer unit. The acquisition was closed on February 29, 2020.

In January 2020, SK Siltron signed an MOU with Daegu Gyeongbuk Institute of Science and Technology for assistance with parallel computing capabilities in the R &D of 'single crystal growth technology'. As the focus is on the provision of advanced supercomputing technology, which is necessary to develop wafers (silicon substrates) - essential materials for semiconductor production - the MOU is expected to have a positive effect on the R&D activities necessary to respond to Japan's export restrictions on high-tech materials in the future.

Segmentation by Type:

IV - IV SiC semiconductor

III - V SiC semiconductor

Segmentation by Application:

Computers

Information and communication technology

Consumer electronics

Automotive

Industrial

Defense & aerospace

Power

Solar & wind

Medical and healthcare sector

Global Sillicon Carbide Market Competitive Landscape:

The competitive landscape of the global Sillicon Carbide market is broadly studied in the report with large focus on recent developments, future plans of top players, and key growth strategies adopted by them. The analysts authoring the report have profiled almost every major player of the global Sillicon Carbide market and thrown light on their crucial business aspects such as production, areas of operation, and product portfolio. The report discusses about the growth of the global as well as regional markets. It also brings to light high-growth segments of the global Sillicon Carbide market and how they will progress in the coming years.

The Sillicon Carbide market is highly fragmented and is characterized by the presence of key vendors and other prominent vendors. Key vendors are increasingly focusing on creating awareness about the Sillicon Carbide courses and their benefits. Global vendors are trying to stabilize themselves in the market, whereas, regional vendors are focusing on product offerings to establish themselves in the market. Vendors are providing a diversified range of product lines intensifying the competitive scenario.

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Major Highlights of Sillicon Carbide Market report:

-Sillicon Carbide Market Overview

-Market Competition by Manufacturers

-Industrial Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Global Sillicon Carbide Market Forecast (2022-2028)

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) - Market Insights Reports
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irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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