Global Silicon Carbide Market for Semiconductor Applications 2017-2021

This industry research report identifies Cree, GeneSiC Semiconductor, Infineon Technologies, and STMicroelectronics as the key vendors in the global silicon carbide market for semiconductor applications. This industry research report also presents a competitive analysis of the market by application (SiC diodes, and MOSFETs), by end-user (industrial, military and aerospace, automotive, telecommunication, and consumer electronics), and by geography (the Americas, APAC, and EMEA).

Overview of the global silicon carbide market for semiconductor applications

Market research analysts at Technavio predict that the global silicon carbide market for semiconductor applications will grow steadily during the next four years and post a CAGR of over 18% by 2021. This market research analysis identifies the increased need for higher power density as one of the primary growth factors for this market. Power density is the major factor to achieve technological advances in power electronics, especially in high-power applications thus, vendors are investing in R&D processes to develop devices that operate at higher levels of power density. For instance, electric rail traction drives, inverter systems, wind power generators, and solar power generators use power electronics devices to improve their operational efficiencies. Additionally, power electronics devices offer advantages such as less driving power, simplified circuits, and optimum forward and reverse blocking capabilities which enables them to operate at higher power densities.

One of the latest trends that will gain traction in the silicon carbide market for semiconductor applications in the coming years is the expansion of applications across other sectors. Technological advances in electric vehicles (EVs) and hybrid EVs drive the demand for power electronics devices in this sector. Additionally, applications in the automobile sector also drives the demand for power electronics devices, which have high power densities, in the global power electronics market. These devices help to conserve energy and offer a reliable source of energy for communication needs.

Competitive landscape and key vendors

Due to the presence of several large and small-scale vendors, the silicon carbide powder market appears to be competitive. The primary objective of vendors is to support and drive long-term sustainable growth for themselves and the economy. To support the growing demand for advanced semiconductor components, the emerging economies are strategically moving their industrial establishments from low-cost production areas and are focusing on developing technology-based high-quality product lines. Furthermore, the increased competition in the semiconductor industry is also challenging the growth of silicon carbide manufacturers and they have the constant need to innovate strategies to enhance market performance, while preserving the quality and reducing the price.

The leading vendors in the market are -

• Cree
• GeneSiC Semiconductor
• Infineon Technologies
• STMicroelectronics

The other prominent vendors in the market include Microsemi, Monolith Semiconductor, United Silicon Carbide, and Toshiba.

Segmentation by end-user and analysis of the silicon carbide market for semiconductor applications

• Industrial
• Military and aerospace
• Automotive
• Telecommunication
• Consumer electronics

During 2016, the consumer electronics segment accounted for the major shares and dominated the silicon carbide powder market. Factors such as the increased demand for power electronics devices from offices, hospitals, and commercial organizations will contribute to the growth of this industry segment in the coming years. Additionally, factors such as the increase in awareness and the need to conserve energy will also drive market growth in this segment during the forecast period.

Geographical segmentation and analysis of the silicon carbide market for semiconductor applications

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The rising demand for consumer electronics and telecommunication in developing countries along with the increasing wireless infrastructure are factors that are driving SiC material consumption in the region. Additionally, the increased demand for power applications and economic growth in these countries are also major factors that will drive the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global silicon carbide market for semiconductor applications?
• What are the key market trends impacting the growth of the global silicon carbide market for semiconductor applications?
• What are the challenges to market growth?
• Who are the key vendors in the global silicon carbide market for semiconductor applications
• What are the market opportunities and threats faced by the vendors in the global silicon carbide market for semiconductor applications?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global silicon carbide market for semiconductor applications? 

Technavio also offers customization on reports based on specific client requirement.