Press release
SiC-On-Insulator (SiCOI) Film Market Shares, Growth Analysis, Key Insights, Size And Forecast To 2033
SiC-On-Insulator (SiCOI) Film Market Share
As per the report, 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 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%.
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Rising EV Adoption Fuels Growth In SiC-on-Insulator (SiCOI) Film Market
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.
Advancements In Sicoi Film Technology Is Driving Efficiency And Reliability
Major companies operating in the SiC-on-Insulator (SiCOI) film market are focusing on technological advancements such as improving film quality, enhancing thermal conductivity, and developing more efficient manufacturing processes to gain a competitive edge. Enhanced high-temperature performance in SiCOI films allows for more efficient and reliable operations in extreme conditions, making them ideal for applications in the automotive and aerospace industries. For instance, in May 2022, Soitec SA, a France-based semiconductor materials company, launched its first 200-mm SmartSiC-engineered substrate. The 200-mm SmartSiC substrate represents advanced technology utilizing Soitec's exclusive SmartCut process. This process bonds a thin layer of high-quality SiC to a low-resistivity polySiC wafer. This innovative approach allows for the manufacture of high-performance power devices. These devices offer benefits such as increased yields, smaller die sizes, and improved energy efficiency when compared to conventional bulk SiC substrates.
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
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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
Contents of the report:
1. Executive Summary
2. SiC-On-Insulator (SiCOI) Film Market Report Structure
3. SiC-On-Insulator (SiCOI) Film Market Trends And Strategies
4. SiC-On-Insulator (SiCOI) Film Market - Macro Economic Scenario
5. SiC-On-Insulator (SiCOI) Film Market Size And Growth
…..
27. SiC-On-Insulator (SiCOI) Film Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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