Silicon Carbide Market Surges as Next-Gen Power & Electronics Drive Global Demand 2025 | DataM Intelligence

Market Overview:

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

Silicon Carbide Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Silicon Carbide Market involves the production, distribution, and application of silicon carbide, a durable, high-performance semiconductor material known for its exceptional thermal conductivity, hardness, and chemical resistance. It is widely used in power electronics, automotive, aerospace, energy, and industrial sectors for devices requiring high efficiency, durability, and performance in extreme conditions.

Industry News of USA and Japan:

United States:

Wolfspeed's $5 B Factory Nears Completion

In February 2025, Wolfspeed's massive $5 billion facility in Chatham County, North Carolina designed to produce 200 mm silicon carbide crystals for electric vehicles was nearing full completion. Production is slated to begin in June 2025, with the plant expected to eventually employ around 1,800 workers.

Japan:

Sumitomo's CO2-to-SiC Recycling Initiative Backed by NEDO

In May 2025, Sumitomo launched a new initiative supported by Japan's NEDO to synthesize silicon carbide using CO2 and silicon-based industrial waste. This effort aims to advance carbon recycling, reduce waste, and bolster domestic SiC production capabilities vital for semiconductor applications.

Key Players:

SK Siltron
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
Global Power Technologies Group.

Growth Forecast Projected:

The Global Silicon Carbide Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Silicon Carbide Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Market Segmentation:

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.

Regional Analysis:

⇥ 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)

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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

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Silicon Carbide industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Silicon Carbide industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Silicon Carbide market?

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

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