Press release
Strong Growth Ahead: SiC-On-Insulator (SiCOI) Film Market Size To Grow At Arecord 48.9% Cagr By 2029
SiC-On-Insulator (SiCOI) Film Market
How Big Is the SiC-On-Insulator (SiCOI) Film Market Size Expected to Be by 2034?
The SIC-on-insulator (SiCOI) film market has witnessed exponential growth in recent years. It will grow from $0.06 billion in 2024 to $0.09 billion in 2025, with a CAGR of 49.2%. Growth in previous years was driven by rising demand for power electronics in renewable energy, adoption in high-power, high-frequency applications, electric vehicle trends, supportive regulations, and the need for efficient electronic components.
The SIC-on-insulator (SiCOI) film market is projected to grow exponentially, reaching $0.45 billion by 2029, at a CAGR of 48.9%. This growth is driven by investments in 5G infrastructure, demand for efficient power devices, the rollout of 5G and 6G networks, Industry 4.0, and increased aerospace industry adoption. Key trends include advancements in fabrication techniques, integration with MEMS devices, development of RF and high-frequency devices, research into quantum computing and photonics, and strategic partnerships.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping SiC-On-Insulator (SiCOI) Film Market Trends?
The growing adoption of electric vehicles (EVs) is projected to stimulate the SiC-on-Insulator (SiCOI) film market. EV adoption is on the rise due to increased environmental awareness, advancements in battery technology, and government support. SiCOI films are used in EVs to improve power electronics efficiency, extend battery life, and enhance vehicle performance. For instance, in April 2023, the International Energy Agency forecasted that the number of EVs would grow from 30 million in 2022 to 240 million in 2030, with EV sales reaching over 20 million in 2025 and more than 40 million in 2030. The growing adoption of EVs is fueling growth in the SiCOI film market.
Who Are the Top Competitors in Key SiC-On-Insulator (SiCOI) Film Market Segments?
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?
Companies in the SiC-on-Insulator (SiCOI) film market are advancing technology by improving film quality, boosting thermal conductivity, and optimizing manufacturing processes. Enhanced high-temperature performance in SiCOI films supports efficient operations in automotive and aerospace sectors. In May 2022, Soitec SA, a France-based semiconductor materials firm, released its first 200-mm SmartSiC-engineered substrate. This advanced substrate uses Soitec's exclusive SmartCut process to bond high-quality SiC to a polySiC wafer, resulting in better performance and energy efficiency.
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Which Regions Are Becoming Hubs for SiC-On-Insulator (SiCOI) Film Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the SiC-On-Insulator (SiCOI) Film Market?
2. What is the CAGR expected in the SiC-On-Insulator (SiCOI) Film Market?
3. What Are the Key Innovations Transforming the SiC-On-Insulator (SiCOI) Film Industry?
4. Which Region Is Leading the SiC-On-Insulator (SiCOI) Film Market?
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