Global Silicon Carbide (SiC) Wafer Market on Track for 21.6% CAGR Through 2031, Driven by Power Device Demand | Wolfspeed Inc., STMicroelectronics N.V., ROHM Co., Ltd., SK Siltron Co., Ltd., SiCrystal GmbH

The report titled, "Global Silicon Carbide Wafer Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" has been recently published by QY Research. The authors of the report have done extensive study of the global Silicon Carbide Wafer market keeping in mind the key aspects such as growth determinants, opportunities, challenges, restraints, and market developments. This analysis will enrich the ability of the companies involved in the global Silicon Carbide Wafer market to make precise decisions. The report also emphasizes on the current and future trends in the global Silicon Carbide Wafer market, which may bode well for the global Silicon Carbide Wafer market in the coming years. Impact of the driving factors on the global Silicon Carbide Wafer market growth has been mapped by the report. Besides, factors that are likely to challenge the global Silicon Carbide Wafer market growth in the years to come are discussed by the industry experts in the report.

The global market for Silicon Carbide Wafer was estimated to be worth US$ 1372 million in 2024 and is forecast to a readjusted size of US$ 5470 million by 2031 with a CAGR of 21.6% during the forecast period 2025-2031.

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The trends analysis offered in the report will help players operating in the global Silicon Carbide Wafer market to cash in on lucrative business opportunities. The regional analysis included in the report will help players to explore untapped markets and increase their market presence in key regions. Most importantly, the report offers crucial market information and data that will prepare players to effectively strategize for their business to gain significant profits. On the whole, it comes out as a powerful tool that players can use to gain a competitive edge in the global Silicon Carbide Wafer market.

At present, 6-inch SiC wafer still occupy the mainstream market, but 8-inch wafer are gradually penetrating. Compared with 6-inch wafer, the cost of 8-inch SiC wafer can be reduced by about 35%, and more wafers can be cut out with less edge waste, which greatly improves the effective utilization of materials. Therefore, domestic and foreign manufacturers are accelerating research and development, expanding production, and entering the 8-inch silicon carbide market.

From the perspective of the global silicon carbide wafer material market, Wolfspeed, Coherent, Rohm, etc. still occupy a dominant position in the industry. However, in recent years, my country's silicon carbide material market has also been very hot. Wafer manufacturers such as CETC, TankeBlue, SICC, Hebei Synlight Crystal, and Sanan Optoelectronics have all achieved mass production. From the perspective of the terminal market, the demand for silicon carbide remains strong, whether in automobiles, photovoltaics, or industry. As the first car company in the industry to apply silicon carbide on a large scale, Tesla's Model 3 and Model Y models are selling well.

In 2023, the penetration rate of silicon carbide in the field of pure electric passenger vehicles will be 25%, of which Model 3 and Model Y will contribute 60% to 70%. At the same time, driven by new car-making forces at home and abroad, the market structure of silicon carbide is gradually becoming diversified. In 2023, there will be a number of standard silicon carbide models in the price range of 200,000 to 250,000 yuan, such as Xiaopeng G6, Zeekr X, and Zhiji LS6. The high-performance strategy of new car companies is accelerating the market penetration of silicon carbide.

In the future, all models with a price of more than 200,000 yuan may be equipped with silicon carbide devices as standard. Not only new energy vehicles, but also charging piles, photovoltaics, and industrial markets have great potential demand for silicon carbide. Wind, solar, storage, and industrial demand are also gradually increasing the application of silicon carbide devices and modules to cope with high-frequency, small-volume, and energy-saving scenarios, and the application scale is also considerable.

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global Silicon Carbide Wafer market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Top Players operating in the global Silicon Carbide Wafer Market are:

Wolfspeed Inc.
II-VI Incorporated (including Coherent Corp.)
STMicroelectronics N.V.
ROHM Co., Ltd.
SK Siltron Co., Ltd.
SiCrystal GmbH
Xiamen Powerway Advanced Materials Co., Ltd.
Resonac Holdings Corporation
Atecom Technology Co., Ltd.
onsemi (Semiconductor Components Industries, LLC)
Infineon Technologies AG
GlobalWafers Co., Ltd.
TankeBlue Co., Ltd.
Showa Denko K.K.
SICC Co., Ltd.

Market Segmentation

The report offers deep insights into leading segments of the global Silicon Carbide Wafer market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Details of Silicon Carbide Wafer Market Segmentation: -

Segment by Type:

4 Inch
6 Inch
8 Inch

Segment by Application:

Power Device
Electronics & Optoelectronics
Wireless Infrastructure
Others

Regional Analysis:

The report offers a deep geographical study of the global Silicon Carbide Wafer market where growth prospects in key regions and countries are identified to help players expand their market presence. Market drivers for each regional market are broadly analyzed in the report. Moreover, the geographical analysis provided in the report could help readers to become familiar with challenges that are specific to the regional markets analyzed. All the regional and country-wise markets studied in the report are analyzed on the basis of growth rate, value, volume, and other vital factors. This will help readers to gain in-depth knowledge of the regional growth of the Silicon Carbide Wafer market.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Silicon Carbide Wafer market

(2) The report informs readers about future products and technologies to be introduced in the global Silicon Carbide Wafer market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Silicon Carbide Wafer market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Silicon Carbide Wafer market

(5) The authors of the report have provided demand and growth trends of the global Silicon Carbide Wafer market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries.

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Table of Content

1 Market Overview
1.1 Silicon Carbide Wafer Product Introduction
1.2 Global Silicon Carbide Wafer Market Size Forecast
1.2.1 Global Silicon Carbide Wafer Sales Value (2020-2031)
1.2.2 Global Silicon Carbide Wafer Sales Volume (2020-2031)
1.2.3 Global Silicon Carbide Wafer Sales Price (2020-2031)
1.3 Silicon Carbide Wafer Market Trends & Drivers
1.3.1 Silicon Carbide Wafer Industry Trends
1.3.2 Silicon Carbide Wafer Market Drivers & Opportunity
1.3.3 Silicon Carbide Wafer Market Challenges
1.3.4 Silicon Carbide Wafer Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Silicon Carbide Wafer Players Revenue Ranking (2024)
2.2 Global Silicon Carbide Wafer Revenue by Company (2020-2025)
2.3 Global Silicon Carbide Wafer Players Sales Volume Ranking (2024)
2.4 Global Silicon Carbide Wafer Sales Volume by Company Players (2020-2025)
2.5 Global Silicon Carbide Wafer Average Price by Company (2020-2025)
2.6 Key Manufacturers Silicon Carbide Wafer Manufacturing Base and Headquarters
2.7 Key Manufacturers Silicon Carbide Wafer Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Silicon Carbide Wafer
2.9 Silicon Carbide Wafer Market Competitive Analysis
2.9.1 Silicon Carbide Wafer Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Silicon Carbide Wafer Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Silicon Carbide Wafer as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 4 Inch
3.1.2 6 Inch
3.1.3 8 Inch
3.2 Global Silicon Carbide Wafer Sales Value by Type
3.2.1 Global Silicon Carbide Wafer Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Silicon Carbide Wafer Sales Value, by Type (2020-2031)
3.2.3 Global Silicon Carbide Wafer Sales Value, by Type (%) (2020-2031)
3.3 Global Silicon Carbide Wafer Sales Volume by Type
3.3.1 Global Silicon Carbide Wafer Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Silicon Carbide Wafer Sales Volume, by Type (2020-2031)
3.3.3 Global Silicon Carbide Wafer Sales Volume, by Type (%) (2020-2031)
3.4 Global Silicon Carbide Wafer Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Device
4.1.2 Electronics & Optoelectronics
4.1.3 Wireless Infrastructure
4.1.4 Others
4.2 Global Silicon Carbide Wafer Sales Value by Application
4.2.1 Global Silicon Carbide Wafer Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Silicon Carbide Wafer Sales Value, by Application (2020-2031)
4.2.3 Global Silicon Carbide Wafer Sales Value, by Application (%) (2020-2031)
4.3 Global Silicon Carbide Wafer Sales Volume by Application
4.3.1 Global Silicon Carbide Wafer Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Silicon Carbide Wafer Sales Volume, by Application (2020-2031)
4.3.3 Global Silicon Carbide Wafer Sales Volume, by Application (%) (2020-2031)
4.4 Global Silicon Carbide Wafer Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Silicon Carbide Wafer Sales Value by Region
5.1.1 Global Silicon Carbide Wafer Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Silicon Carbide Wafer Sales Value by Region (2020-2025)
5.1.3 Global Silicon Carbide Wafer Sales Value by Region (2026-2031)
5.1.4 Global Silicon Carbide Wafer Sales Value by Region (%), (2020-2031)
5.2 Global Silicon Carbide Wafer Sales Volume by Region
5.2.1 Global Silicon Carbide Wafer Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Silicon Carbide Wafer Sales Volume by Region (2020-2025)
5.2.3 Global Silicon Carbide Wafer Sales Volume by Region (2026-2031)
5.2.4 Global Silicon Carbide Wafer Sales Volume by Region (%), (2020-2031)
5.3 Global Silicon Carbide Wafer Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Silicon Carbide Wafer Sales Value, 2020-2031
5.4.2 North America Silicon Carbide Wafer Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Silicon Carbide Wafer Sales Value, 2020-2031
5.5.2 Europe Silicon Carbide Wafer Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Silicon Carbide Wafer Sales Value, 2020-2031
5.6.2 Asia Pacific Silicon Carbide Wafer Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Silicon Carbide Wafer Sales Value, 2020-2031
5.7.2 South America Silicon Carbide Wafer Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Silicon Carbide Wafer Sales Value, 2020-2031
5.8.2 Middle East & Africa Silicon Carbide Wafer Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Silicon Carbide Wafer Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Silicon Carbide Wafer Sales Value and Sales Volume
6.2.1 Key Countries/Regions Silicon Carbide Wafer Sales Value, 2020-2031
6.2.2 Key Countries/Regions Silicon Carbide Wafer Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Silicon Carbide Wafer Sales Value, 2020-2031
6.3.2 United States Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Silicon Carbide Wafer Sales Value, 2020-2031
6.4.2 Europe Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Silicon Carbide Wafer Sales Value, 2020-2031
6.5.2 China Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.5.3 China Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Silicon Carbide Wafer Sales Value, 2020-2031
6.6.2 Japan Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Silicon Carbide Wafer Sales Value, 2020-2031
6.7.2 South Korea Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Silicon Carbide Wafer Sales Value, 2020-2031
6.8.2 Southeast Asia Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Silicon Carbide Wafer Sales Value, 2020-2031
6.9.2 India Silicon Carbide Wafer Sales Value by Type (%), 2024 VS 2031
6.9.3 India Silicon Carbide Wafer Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Wolfspeed
7.1.1 Wolfspeed Company Information
7.1.2 Wolfspeed Introduction and Business Overview
7.1.3 Wolfspeed Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Wolfspeed Silicon Carbide Wafer Product Offerings
7.1.5 Wolfspeed Recent Development
7.2 SK Siltron
7.2.1 SK Siltron Company Information
7.2.2 SK Siltron Introduction and Business Overview
7.2.3 SK Siltron Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 SK Siltron Silicon Carbide Wafer Product Offerings
7.2.5 SK Siltron Recent Development
7.3 ROHM Group (SiCrystal)
7.3.1 ROHM Group (SiCrystal) Company Information
7.3.2 ROHM Group (SiCrystal) Introduction and Business Overview
7.3.3 ROHM Group (SiCrystal) Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 ROHM Group (SiCrystal) Silicon Carbide Wafer Product Offerings
7.3.5 ROHM Group (SiCrystal) Recent Development
7.4 Coherent
7.4.1 Coherent Company Information
7.4.2 Coherent Introduction and Business Overview
7.4.3 Coherent Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Coherent Silicon Carbide Wafer Product Offerings
7.4.5 Coherent Recent Development
7.5 Senic
7.5.1 Senic Company Information
7.5.2 Senic Introduction and Business Overview
7.5.3 Senic Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Senic Silicon Carbide Wafer Product Offerings
7.5.5 Senic Recent Development
7.6 STMicroelectronics
7.6.1 STMicroelectronics Company Information
7.6.2 STMicroelectronics Introduction and Business Overview
7.6.3 STMicroelectronics Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 STMicroelectronics Silicon Carbide Wafer Product Offerings
7.6.5 STMicroelectronics Recent Development
7.7 TankeBlue
7.7.1 TankeBlue Company Information
7.7.2 TankeBlue Introduction and Business Overview
7.7.3 TankeBlue Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 TankeBlue Silicon Carbide Wafer Product Offerings
7.7.5 TankeBlue Recent Development
7.8 SICC
7.8.1 SICC Company Information
7.8.2 SICC Introduction and Business Overview
7.8.3 SICC Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 SICC Silicon Carbide Wafer Product Offerings
7.8.5 SICC Recent Development
7.9 Hebei Synlight Crystal
7.9.1 Hebei Synlight Crystal Company Information
7.9.2 Hebei Synlight Crystal Introduction and Business Overview
7.9.3 Hebei Synlight Crystal Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Hebei Synlight Crystal Silicon Carbide Wafer Product Offerings
7.9.5 Hebei Synlight Crystal Recent Development
7.10 CETC
7.10.1 CETC Company Information
7.10.2 CETC Introduction and Business Overview
7.10.3 CETC Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 CETC Silicon Carbide Wafer Product Offerings
7.10.5 CETC Recent Development
7.11 San'an Optoelectronics
7.11.1 San'an Optoelectronics Company Information
7.11.2 San'an Optoelectronics Introduction and Business Overview
7.11.3 San'an Optoelectronics Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 San'an Optoelectronics Silicon Carbide Wafer Product Offerings
7.11.5 San'an Optoelectronics Recent Development
7.12 Onsemi
7.12.1 Onsemi Company Information
7.12.2 Onsemi Introduction and Business Overview
7.12.3 Onsemi Silicon Carbide Wafer Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Onsemi Silicon Carbide Wafer Product Offerings
7.12.5 Onsemi Recent Development
8 Industry Chain Analysis
8.1 Silicon Carbide Wafer Industrial Chain
8.2 Silicon Carbide Wafer Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Silicon Carbide Wafer Sales Model
8.5.2 Sales Channel
8.5.3 Silicon Carbide Wafer Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

This Silicon Carbide Wafer Market Research Report Contains Answers to your following Questions

(A) Which Manufacturing Technology is Used for Silicon Carbide Wafer? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

(B) Who Are the Global Key Players in This Silicon Carbide Wafer Market? What's Their Company Profile, Their Product Information, and Contact Information?

(C) What Was Global Market Status of Silicon Carbide Wafer Market? What Was Capacity, Production Value, Cost and PROFIT of Silicon Carbide Wafer Market?

(D) What Is Current Market Status of Silicon Carbide Wafer Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Silicon Carbide Wafer Market by Taking Applications and Types in Consideration?

(E) What Are Projections of Global Silicon Carbide Wafer Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

(F) What Is Silicon Carbide Wafer Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

(G) What Is Economic Impact On Silicon Carbide Wafer Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

(H) What Are Market Dynamics of Silicon Carbide Wafer Market? What Are Challenges and Opportunities?

(I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Silicon Carbide Wafer Industry?

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