Silicon Carbide Semiconductor Market 2021 Key Players, Key Indicators and Forecast to 2027|Cree, Inc., Fairchild Semiconductor, GeneSiC Semiconductor, Norstel AB

Market Intelligence Data offers an overarching research and analysis-based study on, “Global Silicon Carbide Semiconductor Market Research Report 2021-2027. The Silicon Carbide Semiconductor report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

The Global Silicon Carbide Semiconductor market is projected to reach a CAGR of 18.9 % between 2021 and 2027.

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The Silicon Carbide Semiconductor market report offers multiple opportunities to various industries, vendors, associations, and organizations offering items and administrations by providing a huge platform for their overall expansion by competing among themselves and supplying reliable services to the consumers.

Key players : Cree, Inc., Fairchild Semiconductor, GeneSiC Semiconductor, Norstel AB, STMicroelectronics, Infineon Technologies, Texas Instruments, NXP Semiconductors, ON Semiconductor, GE, Power Integrations

INDUSRTY NEWS AND DEVELOPMENTS

Cree has acquired 6 companies, including 1 in the last 5 years. It has also divested 3 assets.

Cree’s largest acquisition to date was in 2011, when it acquired Ruud Lighting for $525M. It’s largest disclosed sale occurred in 2016, when it sold Wolfspeed to Infineon Technologies AG for $850M. Cree has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (50%) and electronics (34%).

MARKET OVERVIEW

Electric vehicles provide certain advantages within the automotive industry, such as increased range, charge-time, and performance, to meet customer expectations. However, they require power electronic devices capable of efficient and effective operation at elevated temperatures. Hence, power modules are being developed using wide-bandgap SiC technologies.
Semiconductors also use SiC for reduced energy loss and longer life solar and wind energy power converters. For instance, photovoltaic energy mainly requires high power, low-loss, faster switching, and reliable semiconductor devices to increase efficiency, power density, and reliability. Thus, SiC devices provide a promising solution to photovoltaic energy requirements to meet the increasing energy demand.

Market Segmentation

Segmentation By Type

Automotive

Consumer Electronics

Industrial

Medical

Railways

Others

Segmentation By Application

2H-SIC Semiconductors

3C-SIC Semiconductors

4H-SIC Semiconductors

6H-SIC Semiconductors

Others

Influence of the Silicon Carbide Semiconductor Market Report:

-Comprehensive assessment of all opportunities and risk in the Silicon Carbide Semiconductor market.

-Silicon Carbide Semiconductor market recent innovations and major events.

-Detailed study of business strategies for growth of the Silicon Carbide Semiconductor market-leading players.

-Conclusive study about the growth plot of Silicon Carbide Semiconductor market for forthcoming years.

-In-depth understanding of Silicon Carbide Semiconductor market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Silicon Carbide Semiconductor market.

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Global Silicon Carbide Semiconductor Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

REGIONAL ANALYSIS

Asia-Pacific to Witness the Fastest Growth

Asia-Pacific dominates the global SiC power semiconductor market, pertaining to global semiconductor market growth, which is also supported by government policies. Furthermore, the region's semiconductor industry is driven by China, Taiwan, Japan, and South Korea, which together account for around 65% of the global discrete semiconductor market. In contrast, others like Thailand, Vietnam, Singapore, and Malaysia also contribute significantly to the region's dominance in the market.
According to the Indian Electronics and Semiconductor Association, India's semiconductor component market is expected to be worth USD 32.35 billion by 2025, displaying a CAGR of 10.1% (2018-2025). The country is a lucrative destination for worldwide R&D centers. Therefore, the government's ongoing Make In India initiative is expected to result in investments in the semiconductor market.​

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Key Questions Answered in The Report:

What is the growth potential of the global Silicon Carbide Semiconductor market?

Which regional market will emerge as a frontrunner in the coming years?

Which application segment will grow at a robust rate?

What are the growth opportunities that may emerge in the global Silicon Carbide Semiconductor industry in the years to come?

What are the key challenges that the market may face in the future?

Which are the leading companies in the global Silicon Carbide Semiconductor market?

Which are the key trends positively impacting the market growth?

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Impact Of COVID-19

The most recent report includes extensive coverage of the significant impact of the COVID-19 pandemic on the Silicon Carbide Semiconductor . The coronavirus epidemic is having an enormous impact on the global economic landscape and thus on this special line of business. Therefore, the report offers the reader a clear concept of the current scenario of this line of business and estimates the aftermath of COVID-19.

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