Europe Silicon Carbide Semiconductor Market – Size, Outlook, Trends, and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Home > Reports > Semiconductors > Electronics > Europe Silicon Carbide Semiconductor Market – Size, Outlook, Trends, and Forecast (2024 – 2032)
Europe Silicon Carbide Semiconductor Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Silicon Carbide is a molecular structure which involves silicon and carbide. Silicon Carbide is on the edge of becoming the material of choice for the electronics industry. Silicon carbide is the base metal for the semiconductor industry. Europe Silicon Carbide Semiconductor provides various advantages such as increased bandgap, increased breakdown electric field, increased efficiency, and a wider range of p and n-type control for device construction.

Europe Silicon Carbide Semiconductor Market Segments Size & Growth:

Europe Silicon Carbide Semiconductor Market is estimated to increase by an $XX million by 2024 at a CAGR of XX%. The ability of SIC to work in high temperature and high growth is one of the major factors for the growth of silicon carbide market. Reduction in size of semiconductor with the help of silicon carbide is projected to have market growth. Increasing demand for silicon carbide-based photovoltaic cells in developing and emerging economies is expected to create numerous opportunities for growth. Moreover, increasing government investment and rising applications of solar power in different fields is estimated to accelerate the market growth.

Europe Silicon Carbide Semiconductor Market Segments Share:

Europe Silicon carbide market is segmented into devices which includes SIC discrete devices and SIC bare die. SIC discrete devices had the largest share in 2017 and estimated to have the growth during the forecasting period. Usage of these devices in RF and cellular base station applications accounted for the growth. Moreover, SIC modules are projected to grow at the moderate CAGR attributed to increasing application of SiC MOSFETs and SiC diodes in various applications. Based on the technology, silicon carbide market is subdivided into III-V SIC semiconductors,

Europe Silicon Carbide Semiconductor Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
SiC & GaN semiconductors, SiC & AIN semiconductors, 3C-SIC growth on Si substrates, IV-IV silicon carbide semiconductors, 6h-SIC semiconductors, 4H-SIC semiconductors, 2H-SIC semiconductors, 3C-SIC semiconductors, 3C- SIC growth in hexagonal SIC substrates. By wafer size, silicon carbide is segmented into 2-inch, 4-inch, 6 inches and above 6 inches. Above 6 Inch segment is estimated to have the remarkable growth owing to the rising water.

As above 6-inch SIC helps the manufacturing of many numbers of devices when compared to other silicon carbide wafers. Application segment includes electronic combat system, flexible Ac transmission systems (Facts), power grid device, industrial motor drive, solar energy, lighting control, high-voltage, direct Current (HVCD), flame detector, RF device & cellular base station, EV charging, EV motor drive, wind energy, power supply and inverter and others.

RF device and the cellular base station is estimated to grow at a fair pace during the forecasting period. As these semiconductors are mostly used in these applications followed by power supply applications. Based on end-user, silicon carbide market end-user segment is further divided into telecommunication, power electronics, automotive, defence, renewable power generation, energy & power and Others. Power electronics held the largest share in 2017 and estimated to grow at a moderate CAGR during the forecast period. The key factor for the growth of Power electronics is major growth in usage of SIC devices in inverter and power supply applications.

Europe is the second biggest manufacturer of silicon carbide. With the help of SIC, automotive vehicles are getting benefitted as usage of these SIC gives power improvement, efficiency increase and system cost reduction. Moreover, SIC provides high power density

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Europe Silicon Carbide Semiconductor Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
and scalability.

Europe Silicon Carbide Semiconductor Market Trends:

  • CoolSiC MOSFET 1200V is launched by the Infineon technologies which are the leading-edge solution helps in bringing the designs towards unattainable efficiency and power density levels.
  • Silicon carbide Power MOSFET 1200 V main features of this product include remarkably low on-resistance per unit area and very good switching performance.
  • SIC Schottky barrier diode was launched by Rohm semiconductor which supports high-speed switching and low-temperature dependence.
  • Wolfspeed’s CGH60008D which offers greater power density and wider bandwidths compared to Si and GaAs transistors.

Europe Silicon Carbide Semiconductor Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

  • Infineon Technologies AG
  • STMicroelectronics N.V.
  • Rohm Semiconductor
  • Cree Inc.
  • On Semiconductor
  • Fuji Electric Co., Ltd.

Along with these companies, there were many other companies considered/cited in the report while analysing the Europe Silicon Carbide Semiconductor market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

 

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