Press release
SiC-On-Insulator (SiCOI) Film Market Set to Reach $0.45 Billion by 2029 with 48.88% Yearly Growth
SiC-On-Insulator (SiCOI) Film
The increasing adoption of electric vehicles is expected to propel the growth of the SiC-on-Insulator (SiCOI) film market. EVs are becoming more popular due to environmental awareness, improved battery technology, and government incentives. SiCOI films are crucial in enhancing the efficiency and reliability of power electronics in EVs, thus improving battery performance and overall vehicle operation. According to the International Energy Agency's Global Electric Vehicle Outlook 2023, the number of EVs is expected to grow from about 30 million in 2022 to 240 million by 2030, with EV sales accounting for over 20% of all vehicle sales by 2025. Therefore, the rise in electric vehicle adoption will drive the growth of the SiCOI film market.
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What growth opportunities are expected to drive the sic-on-insulator (sicoi) film market's CAGR through 2034?
The SIC-on-insulator (SiCOI) film market has grown exponentially in recent years. It is projected to increase from $0.06 billion in 2024 to $0.09 billion in 2025, reflecting a CAGR of 49.2%. This growth is due to higher demand for power electronics in renewable energy applications, increased use of SiCOI in high-frequency, high-power electronics, the rise of electric vehicles, government incentives, and the need for advanced power devices.
The SIC-on-insulator (SiCOI) film market is forecast to grow to $0.45 billion by 2029 at a CAGR of 48.9%. Growth is supported by investments in 5G infrastructure, demand for efficient power devices, the rollout of 5G and development of 6G networks, Industry 4.0 and IoT advancements, and aerospace sector adoption. Trends include improved fabrication techniques, integration with MEMS devices, advancements in RF and high-frequency devices, quantum computing research, and strategic collaborations.
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What are the emerging trends shaping the future of the sic-on-insulator (sicoi) film market?
Companies in the SiC-on-Insulator (SiCOI) film market are focusing on improving film quality and thermal conductivity for better performance in automotive and aerospace industries. For example, in May 2022, Soitec SA launched the 200-mm SmartSiC-engineered substrate, which utilizes Soitec's SmartCut process to bond a thin SiC layer to a polySiC wafer, enhancing energy efficiency and power device performance.
Which growth-oriented segments of the sic-on-insulator (sicoi) film market are leading the industry's development?
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
Subsegments:
1) By Silicon (Si) Substrate: High-Resistivity Silicon Substrate, Low-Resistivity Silicon Substrate
2) By Silicon Carbide (SiC) Substrate: 4H-SiC Substrate, 6H-SiC Substrate, 3C-SiC Substrate
3) By Sapphire Substrate: Patterned Sapphire Substrate, C-Plane Sapphire Substrate, R-Plane Sapphire Substrate
4) By Other Substrates: Quartz Substrate, Glass Substrate, Gallium Nitride (GaN) Substrate
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Which region dominates the sic-on-insulator (sicoi) film market?
North America was the largest region in the SiC-on-insulator (SiCOI) film market in 2024. 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.
What companies are at the forefront of innovation in the sic-on-insulator (sicoi) film market?
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
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What Is Covered In The SiC-On-Insulator (SiCOI) Film Global Market Report?
•Market Size Forecast: Examine the sic-on-insulator (sicoi) film market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sic-on-insulator (sicoi) film market for a structured understanding.
•Key Players Overview: Analyze major players in the sic-on-insulator (sicoi) film market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sic-on-insulator (sicoi) film market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sic-on-insulator (sicoi) film market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sic-on-insulator (sicoi) film market.
•Industry Challenges: Identify potential risks and obstacles affecting the sic-on-insulator (sicoi) film market.
•Competitive Landscape: Review strategic developments in the sic-on-insulator (sicoi) film market, including expansions, agreements, and new product launches.
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