Silicon Carbide (Sic) Semiconductor Market Expected to Reach US$ 2,637.09 Million By 2032 | Infineon Technologies, Littelfuse, ON Semiconductor, Wolfspeed Inc, Fuji Electric, X-FAB, GeneSiC Semiconductor

Global Silicon Carbide (SiC) Semiconductor Market reached US$ 810.2 Million in 2024 and is expected to reach US$ 2,637.09 Million by 2032, growing with a CAGR of 15.9% during the forecast period 2025-2032.

Silicon-Carbide-(Sic)-Semiconductor Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A Silicon Carbide (SiC) semiconductor is a type of wide-bandgap semiconductor made from silicon and carbon. Known for its exceptional thermal conductivity, high voltage tolerance, and resistance to high temperatures, SiC semiconductors are widely used in power electronics, electric vehicles, renewable energy systems, and industrial applications. These semiconductors enable more efficient power conversion and are critical in applications that require high efficiency and reliability, particularly in high-power, high-temperature environments. SiC is considered a key technology for the next generation of energy-efficient devices and systems.

List of the Key Players in the Silicon-Carbide-(Sic)-Semiconductor Market:

Infineon Technologies, Littelfuse, ON Semiconductor, Wolfspeed Inc, Fuji Electric, X-FAB, GeneSiC Semiconductor, Mitsubishi Electric, STMicroelectronics, ROHM Semiconductor

Industry Development:

In 2025, Onsemi completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash. This acquisition of SiC JFET technology will enhance Onsemi's already comprehensive EliteSiC power portfolio, allowing the company to better meet the growing demand for high energy efficiency and power density in the AC-DC stage of power supply units for AI data centers.

In 2023, Vitesco Technologies, a global leader in modern drive technologies and electrification solutions, secured key energy-efficient silicon carbide power semiconductor capacities through a long-term supply partnership with ROHM, valued at over one billion US dollars through 2030.

Growth Forecast Projected:

The Global Silicon-Carbide-(Sic)-Semiconductor Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Silicon-Carbide-(Sic)-Semiconductor Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Silicon-Carbide-(Sic)-Semiconductor Market:

By Type: SiC Discrete Devices, SiC Power Modules, SiC Substrates and Wafers, Others

By Wafer Size: 2-inch Wafers, 4-inch Wafers, 6-inch Wafers, 8-inch Wafers

By Technology: Planar SiC Technology, Trench SiC Technology

By Application: Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Telecommunications, Energy & Power, Others

Regional Analysis for Silicon-Carbide-(Sic)-Semiconductor Market:

The regional analysis of the Silicon-Carbide-(Sic)-Semiconductor Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Silicon-Carbide-(Sic)-Semiconductor market?

➠ Who are the leading manufacturers in the global Silicon-Carbide-(Sic)-Semiconductor industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Silicon-Carbide-(Sic)-Semiconductor industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Silicon-Carbide-(Sic)-Semiconductor market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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