How Silicon Carbide Is Powering the EV and Semiconductor Markets - Top Companies are TOSHIBA CORPORATION, Fuji Electric Co., Ltd., Microsemi.

The Global Silicon Carbide Market is estimated to reach at a CAGR of 12.4% during the forecast period (2024-2031).

Silicon Carbide Market is thoroughly examined in the DataM Intelligence study, offering a comprehensive analysis supported by robust statistics, historical data, and actionable insights. The report evaluates key industry players, analyzing their product portfolios, pricing strategies, financial performance, and expansion efforts. It provides a clear understanding of market dynamics, competitive positioning, and anticipated trends shaping the future of the industry.

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Market Dynamics and Growth Factors:

Widespread Use of Silicon Carbide in the Automotive Industry
The automotive industry, a multi-trillion-dollar global market, continues to expand rapidly amid technological advancements. While fuel technologies are shifting from traditional fossil fuels to electric powertrains, the structural demands of vehicles remain largely unchanged requiring durable, high-performance materials that are also cost-effective to manufacture. In 2021, global car sales surpassed 69.8 million units, with passenger vehicles accounting for 55.8 million. In the United States alone, automotive sales grew by 7.22%, underscoring the sector's resilience and growth potential.

Silicon carbide (SiC), known for its exceptional hardness, thermal conductivity, and mechanical strength, has become a material of choice in the automotive sector. It is widely used in high-performance brake discs, especially in luxury and sports vehicles from brands like Porsche, Bugatti, Ferrari, and Lamborghini, where reliability and heat resistance during emergency braking are critical. Beyond structural applications, silicon carbide is also used as an oil additive to reduce friction, harmonics, and emissions further contributing to vehicle efficiency and environmental compliance.

List of the Key Players in the Silicon Carbide Market:

TOSHIBA CORPORATION, Fuji Electric Co., Ltd., Microsemi, Central Semiconductor Corp., SANKEN ELECTRIC CO., LTD., Ascatron AB, United Silicon Carbide Inc., Renesas Electronics Corporation, SK Siltron and Global Power Technologies Group.

Silicon Carbide Industry Development:

In March 2020, OpenGate Capital, a global private equity firm, acquired the silicon carbide division of Saint-Gobain S.A. This acquisition reflects OpenGate's strategic approach of investing in companies with strong growth potential, where active collaboration with management can drive the next phase of development.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Silicon Carbide Market:

By Product: Black Silicon Carbide, Green Silicon Carbide.

By Device: SIC Discrete Devices, SIC bare die.

By Application: R.F. Device & Cellular Base Station, Power Grid Device, Flexible A.C. Transmission Systems, High-Voltage, Direct Current, Power Supply and Inverter, Lighting Control, Industrial Motor Drive, Flame Detector, E.V. Motor Drive, E.V. Charging, Electronic Combat System, Wind Energy, Solar Energy, Others.

By End-User: Automotive, Telecommunication, Energy & Power, Automotive, Renewable Power Generation, Defense, Power Electronics, Others.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Silicon Carbide 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)

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

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Silicon Carbide market?

➠ Who are the global key manufacturers of the Silicon Carbide Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Silicon Carbide market opportunities and threats faced by the vendors in the global Silicon Carbide Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Silicon Carbide market?

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

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