8-inch SiC Substrate Market Size, Revenue Share, Insights & Future Outlook

8-inch SiC Substrate Market Size

The global market for 8-inch SiC Substrate was valued at US$ 41.5 million in the year 2024 and is projected to reach a revised size of US$ 3399 million by 2031, growing at a CAGR of 88.9% during the forecast period.

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Global 8-inch SiC Substrate core manufacturers include II-VI Advanced Materials, ST (Norstel), Wolfspeed, Semisic and JSG, etc.The top three manufacturers account for Approximately 88% global share.

North America is the world's largest market, accounting for nearly 43% of the market share.

In terms of product types, conductive type occupies a dominant position, accounting for 85% of the market share. At the same time, in terms of applications, power components are the largest application field, accounting for 72%.

By Type
• Conductive Type
• Semi-insulating Type

By Application
• Power Component
• RF Device

Key Companies
II-VI Advanced Materials, ST (Norstel), Wolfspeed, Semisic, JSG

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