Transforming the SiC-On-Insulator (SiCOI) Film Market in 2025: Rising EV Adoption Fuels Growth In SiC-on-Insulator (SiCOI) Film Market

"What Is the Expected Size and Growth Rate of the SiC-On-Insulator (SiCOI) Film Market?
The market size for SIC-on-insulator (SiCOI) film has witnessed immense growth over the recent past. It is projected to increase from a value of $0.06 billion in 2024 to $0.09 billion in 2025, with a compound annual growth rate (CAGR) of 49.2%. The significant growth during the historic period is due to heightened demand for power electronics in applications of renewable energy, expanded use of SiCOI in high-power, high-frequency electronic applications, increasing utilization of electric vehicles, policies and incentives from the government, and the need for devices that operate at high frequencies and high power.

Significant growth is projected in the SIC-on-insulator (SiCOI) film market in the coming years, with expectations to surge to $0.45 billion in 2029 at a 48.9% compound annual growth rate (CAGR). Various factors contributing to this upward trend during the forecast period include increased capital in 5G infrastructure, escalating demand for energy-efficient power devices, the launch of 5G networks and progress in 6G technologies, the emergence of Industry 4.0 and the Internet of Things, as well as increased utilization in the aerospace sector. Key trends predicted for the forecast period involve progress in fabrication techniques, amalgamation with MEMS devices, advancement in RF and high-frequency devices, substantial research in quantum computing and photonics, not forgetting significant collaborations and partnerships within the industry.

What Factors Are Fueling Growth in the SiC-On-Insulator (SiCOI) Film Market?
The SiC-on-Insulator (SiCOI) film market is set to escalate with the rising popularity of electric vehicles (EVs). EVs, which are vehicles running on battery-stored electricity or fuel cells as opposed to conventional internal combustion engines, are gaining traction due to heightened ecological consciousness, progression in battery technology, and favorable governmental regulations. SiC-on-Insulator (SiCOI) films contribute to the improvement of power electronics efficiency and reliability in electric vehicles, thereby aiding in battery longevity and boosting the overall performance of the vehicle. For instance, the Global Electric Vehicle (EV) Outlook 2023 prediction, released in April 2023 by the International Energy Agency (IEA), an independent intergovernmental organization based in France, reveals that the total count of EVs is likely to surge from roughly 30 million in 2022 to roughly 240 million in 2030, indicating an estimated average yearly growth rate of nearly 30%. The sale of EVs is expected to constitute more than 20 million of all vehicle sales in 2025 and exceed 40 million in 2030, which equates to over 20% and 30% of total vehicle sales, respectively. Thus, the expanding popularity of electric vehicles is fuelling the growth of the SiC-on-Insulator (SiCOI) film market.

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Which Leading Companies Are Shaping the Growth of 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

What Are the Major Trends Shaping the SiC-On-Insulator (SiCOI) Film Market?
Prominent firms in the SiC-on-Insulator (SiCOI) film market are prioritizing technological enhancements, including improved film quality, increased thermal conductivity, and better manufacturing processes for a competitive advantage. SiCOI films' improved high-temperature performance allows for more dependable and effective operations under harsh conditions, making them perfect for use in the automotive and aerospace sectors. For instance, in May 2022, Soitec SA, a France-based firm specializing in semiconductor materials, introduced its maiden 200-mm SmartSiC-engineered substrate. This advanced 200-mm SmartSiC substrate uses Soitec's unique SmartCut process that bonds a thin, high-quality SiC layer to a low-resistivity polySiC wafer. This creative method promotes the production of high-performing power devices that offer benefits like superior yields, reduced die sizes, and enhanced energy efficiency when compared to traditional bulk SiC substrates.

What Are the Key Segments of the SiC-On-Insulator (SiCOI) Film Market?
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 Is Covered In The SiC-On-Insulator (SiCOI) Film Global Market Report?

- Market Size Analysis: Analyze the SiC-On-Insulator (SiCOI) Film Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the SiC-On-Insulator (SiCOI) Film Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall SiC-On-Insulator (SiCOI) Film Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the SiC-On-Insulator (SiCOI) Film Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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