United States Silicon Carbide (SiC) Semiconductor Market is expected to reach US$ 1.26 Billion by 2032 | Top key players - Infineon Technologies, ON Semiconductor, Wolfspeed Inc.

Market Size and Growth:

The Global Silicon Carbide (SiC) Semiconductor Market Size reached US$ 810.2 million in 2024 and is expected to reach US$ 2,637.09 million by 2032, growing with a CAGR of 15.9% during the forecast period 2025-2032. The Market is growing due to its superior efficiency and high-temperature performance, which makes it ideal for electric vehicles, renewable energy systems, and advanced power electronics. According to DataM Intelligence

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The Silicon Carbide (SiC) Semiconductor Market refers to the industry focused on producing and integrating SiC-based power electronics known for high thermal conductivity, voltage tolerance, and energy efficiency. These semiconductors enable superior performance in electric vehicles, renewable energy systems, industrial equipment, and power infrastructure, supporting faster switching, reduced energy loss, and enhanced durability in demanding applications.

Industry Recent Developments: United States

✅ August 2025: The U.S. Silicon Carbide power semiconductor market is expanding rapidly driven by investments in electric mobility, grid modernization, and energy-efficient power infrastructure. SiC devices like MOSFETs and Schottky diodes are increasingly used in electric vehicles, solar inverters, and industrial motor drives.

✅ September 2025: The CHIPS and Science Act continues to boost U.S. semiconductor capacity, including SiC manufacturing, with major investments in wafer manufacturing facilities and automotive plant retooling. Strategic partnerships between U.S. and international companies aim to accelerate scaling of SiC device production.

✅ October 2025: Federal spending under infrastructure plans allocates billions to build EV charging networks, which along with expanding electric vehicle sales (expected to reach up to 6.8 million units annually) drives SiC power electronics demand for EV inverters and grid equipment.

Industry Recent Developments: Japan

✅ August 2025: Japan's semiconductor market growth is supported by strong domestic demand from hybrid and electric vehicles industries and government incentives aimed at increasing EV share to 20%-30% by 2030. SiC's superior performance in high-power, high-temperature environments is prompting investment in SiC production and power module manufacturing improvements.

✅ September 2025: Japan's third-generation semiconductor (SiC) market is estimated at USD 1.2 billion in 2024 with projections to reach USD 5.6 billion by 2033. Growth is backed by regulatory momentum, Industry 4.0 initiatives, AI and robotics leadership, and smart city developments driving demand across automotive, electronics, and industrial automation sectors.

✅ October 2025: Ongoing optimization in SiC wafer manufacturing processes, including advanced substrate production and device architectures, help reduce costs. This supports broader adoption of SiC-based power modules for EVs and radiation-hardened SiC devices for space and industrial applications in Japan.

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Major Key Players:

1. Infineon Technologies
Global leader in power semiconductors, microcontrollers and security ICs for automotive, industrial and IoT applications.
Known for high-efficiency MOSFETs/IGBTs and a strong automotive portfolio enabling electrification and ADAS.

2. ON Semiconductor
Provider of analog, discrete and power-management semiconductors with wide coverage across automotive, industrial and consumer markets.
Focuses on energy-efficient solutions and sensing/imaging technologies used in power conversion and advanced sensing systems.

3. Wolfspeed Inc.
Pioneer in silicon-carbide (SiC) power devices and GaN RF solutions aimed at EVs, renewable energy and fast charging infrastructure.
Their SiC MOSFETs and modules are adopted to reduce losses and enable higher switching speeds in modern power systems.

4. STMicroelectronics
Integrated semiconductor company offering microcontrollers, analog ICs, sensors and power devices for automotive, industrial and IoT markets.
Well known for the STM32 MCU family, MEMS sensors and a broad ecosystem that accelerates embedded-product development.

5. Mitsubishi Electric
Diversified electronics and electrical-equipment firm with semiconductor businesses producing power devices, modules and discretes for industrial and automotive use.
Leverages systems expertise to integrate semiconductors into heavy-industry applications such as drives, rail and energy systems.

6. ROHM Semiconductor
Japanese manufacturer of analog ICs, power semiconductors, discrete devices and growing SiC product lines focused on automotive and industrial customers.
Recognized for high-reliability power modules, integrated power-management ICs and close OEM collaborations for system-level solutions.

Market Growth Drivers:

✅ Growing demand for high-power applications: SiC semiconductors offer superior properties such as high thermal conductivity, high breakdown voltage, and energy efficiency, making them ideal for electric vehicles (EVs), renewable energy systems, and industrial power supplies. This demand for high-power and high-efficiency solutions significantly drives the market growth.

✅ Increasing adoption in electric vehicles and renewable energy sectors: The expansion of EVs and renewable energy sources (solar, wind) boosts the need for efficient power conversion and grid integration, where SiC devices enhance system performance and energy efficiency. Government support and initiatives in key regions further accelerate this adoption.

✅ Advancements and investments in SiC manufacturing and technology: Innovations in SiC wafer production, device packaging, and improvements in epitaxy processes are enhancing the quality and reducing costs, facilitating broader application in telecommunications, industrial automation, and consumer electronics, which collectively propel market growth.

Segments Covered in the Silicon Carbide Semiconductor Market:

By Type: SiC Discrete Devices, SiC Power Modules, SiC Substrates and Wafers, Others.

By Wafer Size: 2-inch Wafers, 4-inch Wafers, 6-inch Wafers, 8-inch Wafers.

By Technology: Planar SiC Technology, Trench SiC Technology.

By Application: Automotive, Consumer Electronics, Industrial Aerospace & Defense, Telecommunications, Energy & Power, Others.

Regional Analysis for Silicon Carbide Semiconductor Market:

⇥ 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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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Silicon Carbide Semiconductor market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Silicon Carbide Semiconductor Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Silicon Carbide Semiconductor market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Silicon Carbide Semiconductor Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

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

➠ Who are the global key manufacturers of the Silicon Carbide Semiconductor Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Silicon Carbide Semiconductor market opportunities and threats faced by the vendors in the global Silicon Carbide Semiconductor Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Silicon Carbide Semiconductor market?

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

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