Global SiC Power Semiconductor Market to 2032
Overview
The Global SiC Power Semiconductor Market is expected to reach a 5.73 USD Million by 2032 and is projected to grow at a CAGR of 25.62% from 2025 to 2032.
Revenue, 2024 (USD Million)
1.38
Forecast, 2032 (USD Million)
5.73
CAGR, 2024 - 2032
25.62%
Report Coverage
Global
Global SiC Power Semiconductor Market 2018-2032 USD Million
Global SiC Power Semiconductor Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.38 USD Million
- Projected Market Size (2032): 5.73 USD Million
- CAGR (2025-2032): 25.62%
Key Findings of Global SiC Power Semiconductor Market
- The Global SiC Power Semiconductor Market was valued at 1.38 USD Million in 2024.
- The Global SiC Power Semiconductor Market is likely to grow at a CAGR of 25.62% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Sic Epitaxial Wafers in Wafer Type Segment accounted for the largest share of the market with a revenue of 0.96 USD Million
- The fastest growing segment MOSFETs in Type Segment grew Fastest with a CAGR of 27.45% during the forecast period from 2024 to 2032.
Global SiC Power Semiconductor Market Scope
Global SiC Power Semiconductor Market Segmentation & Scope
Application
- RF Devices
- Others
- Inverters
- Electric Vehicles (EV)
- Industrial Motor Drives
- Power Supplies
Wafer Size
- 2 Inch
- 4 Inch
- 6 Inch and above
Wafer Type
- Blank Sic Wafers
- Sic Epitaxial Wafers
Vertical
- Medical
- Others
- Aerospace & Defense
- IT and Telecommunications
- Commercial
- Consumer Electronics
- Utilities & Energy
- Automotive
- Industrial
Type
- Others
- Junction FET (JFET)
- PiN Diode
- Sic Bare Die
- Schottky Barrier Diodes (SBDs)
- Bipolar Junction Transistor (BJT)
- Hybrid Modules
- MOSFETs
Voltage Range
- Less than 300V
- 1701V and above
- 301-900V
- 901-1700V
Global SiC Power Semiconductor Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 1.38 USD Million |
| Market Value in 2032 | 5.73 USD Million |
| CAGR (2025-2032) | 25.62% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Wafer Size,Wafer Type,Vertical,Type,Voltage Range |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 1.38 USD Million in 2024
- Key Country: U.S., leading in terms of revenue with value of 0.31 USD Million in 2024.
Segments and Scope
-
Global SiC Power Semiconductor Market to 2032, By Application
- Power Supplies is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.40 USD Million in the year 2024.
- Power Supplies is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 27.05 % in forecast period 2025-2032.
-
Global SiC Power Semiconductor Market to 2032, By Wafer Size
- 6 Inch and above is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.70 USD Million in the year 2024.
- 6 Inch and above is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 26.47 % in forecast period 2025-2032.
-
Global SiC Power Semiconductor Market to 2032, By Wafer Type
- Sic Epitaxial Wafers is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.96 USD Million in the year 2024.
- Sic Epitaxial Wafers is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 25.95 % in forecast period 2025-2032.
-
Global SiC Power Semiconductor Market to 2032, By Vertical
- Industrial is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.33 USD Million in the year 2024.
- Automotive is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 26.51 % in forecast period 2025-2032.
-
Global SiC Power Semiconductor Market to 2032, By Type
- MOSFETs is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.51 USD Million in the year 2024.
- MOSFETs is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 27.45 % in forecast period 2025-2032.
-
Global SiC Power Semiconductor Market to 2032, By Voltage Range
- 901-1700V is the largest segment in Global SiC Power Semiconductor Market to 2032 with a revenue of 0.77 USD Million in the year 2024.
- 901-1700V is the Fastest growing segment in Global SiC Power Semiconductor Market to 2032 with a Growth rate of 26.34 % in forecast period 2025-2032.
Global SiC Power Semiconductor Market Company Share Analysis
| Company Name |
|
||
| Mitsubishi Electric Corporation | |||
| TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION | |||
| Renesas Electronics Corporation | |||
| STMicroelectronics | |||
| Allegro MicroSystems, Inc. | |||
Global SiC Power Semiconductor Market Geographical Sales Distribution, 2018-2032 USD Million
Global SiC Power Semiconductor Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global SiC Power Semiconductor Market is segmented based on Segmentation Application,Wafer Size,Wafer Type,Vertical,Type,Voltage Range.
Global SiC Power Semiconductor Market was valued at USD 1.38(Revenue in USD Million) in 2022.
Global SiC Power Semiconductor Market is projected to grow at a CAGR of 25.62% during the forecast period of 2024 to 2032.
The Sic Epitaxial Wafers segment is expected to dominate the Global SiC Power Semiconductor Market, holding a largest market share of 0.96 USD Million in 2024
Global SiC Power Semiconductor Market Scope
Global SiC Power Semiconductor Market Segmentation & Scope
Application
- RF Devices
- Others
- Inverters
- Electric Vehicles (EV)
- Industrial Motor Drives
- Power Supplies
Wafer Size
- 2 Inch
- 4 Inch
- 6 Inch and above
Wafer Type
- Blank Sic Wafers
- Sic Epitaxial Wafers
Vertical
- Medical
- Others
- Aerospace & Defense
- IT and Telecommunications
- Commercial
- Consumer Electronics
- Utilities & Energy
- Automotive
- Industrial
Type
- Others
- Junction FET (JFET)
- PiN Diode
- Sic Bare Die
- Schottky Barrier Diodes (SBDs)
- Bipolar Junction Transistor (BJT)
- Hybrid Modules
- MOSFETs
Voltage Range
- Less than 300V
- 1701V and above
- 301-900V
- 901-1700V
Frequently Asked Questions
The Global SiC Power Semiconductor Market is segmented based on Segmentation Application,Wafer Size,Wafer Type,Vertical,Type,Voltage Range.
Global SiC Power Semiconductor Market was valued at USD 1.38(Revenue in USD Million) in 2022.
Global SiC Power Semiconductor Market is projected to grow at a CAGR of 25.62% during the forecast period of 2024 to 2032.
The estimated market value of the Global SiC Power Semiconductor Market for final year is USD 5.73 (USD Million).
Global SiC Power Semiconductor Market Company Profiling
Frequently Asked Questions
The Global SiC Power Semiconductor Market is segmented based on Segmentation Application,Wafer Size,Wafer Type,Vertical,Type,Voltage Range.
Global SiC Power Semiconductor Market was valued at USD 1.38(Revenue in USD Million) in 2022.
Global SiC Power Semiconductor Market is projected to grow at a CAGR of 25.62% during the forecast period of 2024 to 2032.
The estimated market value of the Global SiC Power Semiconductor Market for final year is USD 5.73 (USD Million).
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