Global Silicon Carbide Wafers Market to 2032
Overview
The Global Silicon Carbide Wafers Market is expected to reach a 6.99 USD Million by 2032 and is projected to grow at a CAGR of 18.58% from 2025 to 2032.
Revenue, 2024 (USD Million)
1.55
Forecast, 2032 (USD Million)
6.99
CAGR, 2024 - 2032
18.58%
Report Coverage
Global
Global Silicon Carbide Wafers Market 2018-2032 USD Million
Global Silicon Carbide Wafers Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.55 USD Million
- Projected Market Size (2032): 6.99 USD Million
- CAGR (2025-2032): 18.58%
Key Findings of Global Silicon Carbide Wafers Market
- The Global Silicon Carbide Wafers Market was valued at 6.99 USD Million in 2024.
- The Global Silicon Carbide Wafers Market is likely to grow at a CAGR of 18.58% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment SiC Discrete Devices in Device Segment accounted for the largest share of the market with a revenue of 0.98 USD Million
- The fastest growing segment Power Grid Device in Application Segment grew Fastest with a CAGR of 19.83% during the forecast period from 2024 to 2032.
Global Silicon Carbide Wafers Market Scope
Global Silicon Carbide Wafers Market Segmentation & Scope
Application
- Others
- Flame Detector
- Wind Energy
- Solar Energy
- EV Motor Drive
- EV Charging
- Industrial Motor Drive
- Power Supply and Inverter
- Lighting Control
- Electronic Combat System
- High-Voltage, Direct Current
- Flexible AC Transmission Systems
- RF Device & Cellular Base Station
- Power Grid Device
Industry
- Others
- Defense
- Power Electronics
- Automotive
- Renewable Power Generation
- Energy & Power
- Telecommunication
Wafer Size
- 2-inch
- 6-inch and above
- 4-inch
Device
- SiC Bare Die
- SiC Discrete Devices
Global Silicon Carbide Wafers Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 1.55 USD Million |
| Market Value in 2032 | 6.99 USD Million |
| CAGR (2025-2032) | 18.58% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Industry,Wafer Size,Device |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 1.55 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 Silicon Carbide Wafers Market to 2032, By Application
- Power Grid Device is the largest segment in Global Silicon Carbide Wafers Market to 2032 with a revenue of 0.27 USD Million in the year 2024.
- Power Grid Device is the Fastest growing segment in Global Silicon Carbide Wafers Market to 2032 with a Growth rate of 19.83 % in forecast period 2025-2032.
-
Global Silicon Carbide Wafers Market to 2032, By Industry
- Telecommunication is the largest segment in Global Silicon Carbide Wafers Market to 2032 with a revenue of 0.51 USD Million in the year 2024.
- Telecommunication is the Fastest growing segment in Global Silicon Carbide Wafers Market to 2032 with a Growth rate of 19.63 % in forecast period 2025-2032.
-
Global Silicon Carbide Wafers Market to 2032, By Wafer Size
- 4-inch is the largest segment in Global Silicon Carbide Wafers Market to 2032 with a revenue of 0.81 USD Million in the year 2024.
- 6-inch and above is the Fastest growing segment in Global Silicon Carbide Wafers Market to 2032 with a Growth rate of 18.45 % in forecast period 2025-2032.
-
Global Silicon Carbide Wafers Market to 2032, By Device
- SiC Discrete Devices is the largest segment in Global Silicon Carbide Wafers Market to 2032 with a revenue of 0.98 USD Million in the year 2024.
- SiC Discrete Devices is the Fastest growing segment in Global Silicon Carbide Wafers Market to 2032 with a Growth rate of 18.97 % in forecast period 2025-2032.
Global Silicon Carbide Wafers Market Company Share Analysis
| Company Name |
|
||
| Coherent Corp. | |||
| WOLFSPEED, INC. | |||
| SHOWA DENKO K.K. | |||
| SiCrystal Gmbh | |||
| SICC Co., Ltd. | |||
Global Silicon Carbide Wafers Market Geographical Sales Distribution, 2018-2032 USD Million
Global Silicon Carbide Wafers Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Silicon Carbide Wafers Market is segmented based on Segmentation Application,Industry,Wafer Size,Device.
Global Silicon Carbide Wafers Market was valued at USD 1.55(Revenue in USD Million) in 2021.
Global Silicon Carbide Wafers Market is projected to grow at a CAGR of 18.58% during the forecast period of 2024 to 2032.
The SiC Discrete Devices segment is expected to dominate the Global Silicon Carbide Wafers Market, holding a largest market share of 0.98 USD Million in 2024
Global Silicon Carbide Wafers Market Scope
Global Silicon Carbide Wafers Market Segmentation & Scope
Application
- Others
- Flame Detector
- Wind Energy
- Solar Energy
- EV Motor Drive
- EV Charging
- Industrial Motor Drive
- Power Supply and Inverter
- Lighting Control
- Electronic Combat System
- High-Voltage, Direct Current
- Flexible AC Transmission Systems
- RF Device & Cellular Base Station
- Power Grid Device
Industry
- Others
- Defense
- Power Electronics
- Automotive
- Renewable Power Generation
- Energy & Power
- Telecommunication
Wafer Size
- 2-inch
- 6-inch and above
- 4-inch
Device
- SiC Bare Die
- SiC Discrete Devices
Frequently Asked Questions
The Global Silicon Carbide Wafers Market is segmented based on Segmentation Application,Industry,Wafer Size,Device.
Global Silicon Carbide Wafers Market was valued at USD 1.55(Revenue in USD Million) in 2021.
Global Silicon Carbide Wafers Market is projected to grow at a CAGR of 18.58% during the forecast period of 2024 to 2032.
The estimated market value of the Global Silicon Carbide Wafers Market for final year is USD 6.99 (USD Million).
Global Silicon Carbide Wafers Market Company Profiling
Frequently Asked Questions
The Global Silicon Carbide Wafers Market is segmented based on Segmentation Application,Industry,Wafer Size,Device.
Global Silicon Carbide Wafers Market was valued at USD 1.55(Revenue in USD Million) in 2021.
Global Silicon Carbide Wafers Market is projected to grow at a CAGR of 18.58% during the forecast period of 2024 to 2032.
The estimated market value of the Global Silicon Carbide Wafers Market for final year is USD 6.99 (USD Million).
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