Future of Silicon Carbide (SiC) Semiconductor Industry Growth Forecast 2025-2032 | Most Leading Companies - Infineon Technologies, Littelfuse, ON Semiconductor, Wolfspeed Inc

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, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

Silicon Carbide (SiC) semiconductors are advanced power semiconductor materials known for their exceptional efficiency, thermal conductivity, and high-voltage handling capabilities. Compared to traditional silicon-based semiconductors, SiC devices operate at higher temperatures, frequencies, and voltages, making them ideal for next-generation power electronics in electric vehicles (EVs), renewable energy systems, industrial drives, and data centers.

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, and among others.

Silicon Carbide (SiC) Semiconductor Market Development:

In 2025, Onsemi finalized the 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 enhances Onsemi's EliteSiC power portfolio, strengthening its ability to meet the growing demand for high energy efficiency and power density in AC-DC stages of power supply units for AI data centers.

In 2023, Vitesco Technologies, a global leader in modern drive systems and electrification solutions, secured critical capacity in energy-efficient silicon carbide power semiconductors through a long-term supply agreement with ROHM. The deal, valued at over one billion USD and extending through 2030, ensures a stable supply of SiC components vital to future e-mobility solutions.

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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:

⇥ 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)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Silicon Carbide (SiC) Semiconductor market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Silicon Carbide (SiC) Semiconductor market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Silicon Carbide (SiC) Semiconductor market?

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