Silicon Carbide Market 2024-2028
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overview_1
Incremental Growth2024-2028 (US$mn)

$ 7168.3

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2024 Year-over-Year Growth

24.42%

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CAGR (2024-2028)

32.14%

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Report Coverage

Global

Silicon Carbide Market Segmentation

Market Segmentation & Scope

Market Segment by Geographic Landscape

regional_img

44%

of the growth will originate

from APAC

Global Market Size 2018 - 2028 (US$ Mn)

Market is segmented by Product into Power electronics, Optoelectronic devices, Frequency devices

The Power electronics is expected to be largest growing segment during 2024-2028

Largest Segment - Power electronics

US$ 2,666.70 Mn

Silicon Carbide Market by Product into Power electronics; 2018-2028 (US$ Mn)

Power electronics Market Revenue and Forecast 2018-2028 (US$ Mn)

Power electronics

  • Power electronics Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Product into Optoelectronic devices; 2018-2028 (US$ Mn)

Optoelectronic devices Market Revenue and Forecast 2018-2028 (US$ Mn)

Optoelectronic devices

  • Optoelectronic devices Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Product into Frequency devices; 2018-2028 (US$ Mn)

Frequency devices Market Revenue and Forecast 2018-2028 (US$ Mn)

Frequency devices

  • Frequency devices Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Application into Automotive, Energy and power, Aerospace and defense, Data and communication devices, Others

The Automotive is expected to be largest growing segment during 2024-2028

Largest Segment - Automotive

US$ 2,477.80 Mn

Silicon Carbide Market Size by Segmentation, by Application (US$ Mn)

Application 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
Automotive 380.60 XX XX XX XX XX XX XX XX XX XX XX
Energy and power XX 365.90 XX XX XX XX XX XX XX XX XX XX
Aerospace and defense XX XX 264.80 XX XX XX XX XX XX XX XX XX
Data and communication devices XX XX XX 189.70 226.20 XX XX XX XX XX XX XX
Others XX XX XX XX XX XX XX XX XX XX XX XX

Silicon Carbide Market by Application into Automotive; 2018-2028 (US$ Mn)

Automotive Market Revenue and Forecast 2018-2028 (US$ Mn)

Automotive

  • Automotive Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Application into Energy and power; 2018-2028 (US$ Mn)

Energy and power Market Revenue and Forecast 2018-2028 (US$ Mn)

Energy and power

  • Energy and power Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Application into Aerospace and defense; 2018-2028 (US$ Mn)

Aerospace and defense Market Revenue and Forecast 2018-2028 (US$ Mn)

Aerospace and defense

  • Aerospace and defense Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Application into Data and communication devices; 2018-2028 (US$ Mn)

Data and communication devices Market Revenue and Forecast 2018-2028 (US$ Mn)

Data and communication devices

  • Data and communication devices Market Size and Forecast 2018 to 2028 (US$ Mn)

Silicon Carbide Market by Application into Others; 2018-2028 (US$ Mn)

Others Market Revenue and Forecast 2018-2028 (US$ Mn)

Others

  • Others Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Geography into APAC, North America, Europe, South America, Middle East and Africa

The APAC is estimated to contribute 44% to the growth of global market during the forecast period 2024-2028.

Largest Segment - APAC

44%

Regional share of different regions, including APAC, North America, Europe, South America

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
APAC 444.30 XX XX XX XX XX XX XX XX XX XX XX
North America XX 328.50 XX XX XX XX XX XX XX XX XX XX
Europe XX XX 265.80 XX XX XX XX XX XX XX XX XX
South America XX XX XX 199.10 241.80 XX XX XX XX XX XX XX
Middle East and Africa XX XX XX XX XX XX XX XX XX XX XX XX

Silicon Carbide Market Size by Geography into APAC; 2018-2028 (US$ Mn)

APAC Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Country into China; 2018-2028 (US$ Mn)

China Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Country into Japan; 2018-2028 (US$ Mn)

Japan Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Geography into North America; 2018-2028 (US$ Mn)

North America Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Country into US; 2018-2028 (US$ Mn)

US Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Geography into Europe; 2018-2028 (US$ Mn)

Europe Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Country into UK; 2018-2028 (US$ Mn)

UK Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Geography into South America; 2018-2028 (US$ Mn)

South America Market Revenue and Forecast 2018-2028 (US$ Mn)

Silicon Carbide Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Mn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Mn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Allegro MicroSystems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Asahi Kasei Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BAE Systems PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fuji Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
II VI Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Infineon Technologies AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Littelfuse Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Microchip Technology Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Electric Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Navitas Semiconductor Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
NXP Semiconductors NVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ON Semiconductor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Qorvo Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Renesas Electronics Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ROHM Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
STMicroelectronics International N.V.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toshiba Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
TT Electronics PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Wolfspeed Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Silicon Carbide Market Scope

  1. By Product
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Product, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Product, 2024 to 2028
      1. Power electronics
      2. Optoelectronic devices
      3. Frequency devices
    4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Product, 2024 to 2028
  2. By Application
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Application, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Application, 2024 to 2028
      1. Automotive
      2. Energy and power
      3. Aerospace and defense
      4. Data and communication devices
      5. Others
    4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Application, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Region, 2024 to 2028
      1. APAC
      2. North America
      3. Europe
      4. South America
      5. Middle East and Africa
  4. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. Japan
    4. By Product
    5. By Application
  5. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Product
    5. By Application
  6. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. UK
    4. By Product
    5. By Application
  7. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Application
  8. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Application

Major Companies

Market companies

Name Profile Employees Headquarters Website
ABB Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Allegro MicroSystems Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Asahi Kasei Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BAE Systems PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Fuji Electric Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
II VI Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Infineon Technologies AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Littelfuse Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Microchip Technology Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Electric Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Navitas Semiconductor Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
NXP Semiconductors NVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ON Semiconductor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Qorvo Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Renesas Electronics Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
ROHM Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
STMicroelectronics International N.V.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toshiba Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
TT Electronics PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Wolfspeed Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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