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Steady Expansion Forecast for SiC-On-Insulator (SiCOI) Film Market, Projected to Reach $0.4 Billion by 2029

11-13-2025 06:10 AM CET | IT, New Media & Software

Press release from: The Business Research Company

SiC-On-Insulator (SiCOI) Film

SiC-On-Insulator (SiCOI) Film

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SiC-On-Insulator (SiCOI) Film Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen a significant increase in the market size of sic-on-insulator (sicoi) films. The growth trajectory is mapped out from $0.06 billion in 2024, amounting to $0.09 billion in 2025, with a composite annual growth rate (CAGR) of 47.5%. The previous period's growth was derived from factors like the escalating demand for power electronics in renewable energy fields, the expanding use of SICOI in high-power, high-frequency electronic processes, the surge in the adoption of electric vehicles, favorable government regulations and perks, and the requirement for high-power and high-frequency devices.

SiC-On-Insulator (SiCOI) Film Market Size Forecast: What's the Projected Valuation by 2029?
The market size for sic-on-insulator (sicoi) film is forecasted to undergo substantial expansion in the coming years, anticipated to reach $0.4 billion by 2029 with a CAGR of 45.4%. The surge in the forecast period stems from increasing investments in 5G establishment, an elevated call for efficient power modules, the integration of 5G networks and formulation of 6G technologies, the advent of Industry 4.0 and IoT, and greater use in the aerospace sector. Key trends guiding the forecast period comprise enhancement in production methods, alignment with MEMS gadgets, creation of RF and high-frequency gadgets, exploration in quantum computing and photonics, and strategic alliances and partnerships.

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What Are the Drivers Transforming the SiC-On-Insulator (SiCOI) Film Market?
The SiC-on-Insulator (SiCOI) film market is projected to expand due to the increasing use of electric vehicles. These vehicles, powered by batteries or fuel cells rather than conventional internal combustion engines, are gaining popularity due to rising environmental consciousness, advancements in battery technology, and supportive governmental policies. SiC-on-Insulator (SiCOI) films contribute to these vehicles by boosting power electronics efficiency and reliability, prolonging battery life and enhancing the overall performance of the vehicle. For instance, the Global Electric Vehicle (EV) Outlook 2023, a report published by the France-based autonomous inter-governmental organization International Energy Agency (IEA), forecasts that the total volume of EVs will rise from approximately 30 million in 2022 to nearly 240 million in 2030, translating to an average yearly growth rate of roughly 30%. It predicts that in 2025 and 2030, EV sales will make up more than 20 million and 40 million vehicles respectively, which would be more than 20% and 30% of all vehicle sales. As such, the SiC-on-Insulator (SiCOI) film market will experience growth as the adoption of electric vehicles continues to increase.

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What Long-Term Trends Will Define the Future of the SiC-On-Insulator (SiCOI) Film Market?
Companies leading in the SiC-on-Insulator (SiCOI) film market are prioritizing technological innovations to enhance the quality of films, boost thermal conductivity, and make manufacturing processes more efficient, in order to stay competitive. SiCOI films, due to their ability to perform better under high-temperatures, are perfect for usage in harsh conditions, particularly in the automotive and aerospace sectors. In line with this, Soitec SA, a semiconductor materials company from France, rolled out its inaugural 200-mm SmartSiC-engineered substrate in May 2022. The SmartSiC substrate encapsulates progressive technology using the exclusive process by Soitec called SmartCut. This method combines a fine layer of high-grade SiC with a low-resistivity polySiC wafer. This inventive technique enables the production of high-performance power devices. These appliances offer compelling advantages such as better yields, reduced die sizes, and heightened energy efficiency as compared to traditional bulk SiC substrates.

Which Segments in the SiC-On-Insulator (SiCOI) Film Market Offer the Most Profit Potential?
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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Which Firms Dominate the SiC-On-Insulator (SiCOI) Film Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the SiC-On-Insulator (SiCOI) Film Market?
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.

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