Global Silicon Carbide Wafers Market is expected to grow with the CAGR of 22.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
Global silicon carbide wafers market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global silicon carbide wafers market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Cree, Inc. and StarPower Semiconductor have entered into a partnership with Zhengzhou Yutong Group Co., Ltd. to offer 1200V silicon carbide devices for powertrain systems for electric buses. The silicon carbide device will assist faster, powerful, smaller and lighter electronic systems for commercial electric vehicles. Both the companies are working together to accelerate the adoption of silicon carbide-based inverters in electric vehicles. This collaboration helps in maximising the customer base of the company which generates revenue of the business.
Cree, Inc. is the dominating player in global silicon carbide wafers market. The other key players existing in the silicon carbide wafers market includes Hitachi ABB Power Grids (a subsidiary of Hitachi, Ltd.), EpiWorld International Co., Ltd., Xiamen Powerway Advanced Material Co., Ltd., Robert Bosch GmbH, DACO SEMICONDUCTOR CO.,LTD., CENGOL, II-VI Incorporated, MTI Corporation, CETC Solar Energy Holdings Co., Ltd., American Elements, STMicroelectronics, TankeBlue CO,. LTD., Synlight, SiCrystal GmbH, Shandong Tianyue Advanced Materials Technology Co., Ltd., PI-KEM Limited, Entegris, Atecom Technology Co., Ltd, SHOWA DENKO K.K., ROHM CO., LTD., SEMIKRON, Fuji Electric Co., Ltd., Infineon Technologies AG, NXP Semiconductors, Taiwan Semiconductor Manufacturing Company Limited, Micron Technology, Inc., Mitsubishi Electric Corporation, Texas Instruments Incorporated among others.
Cree, Inc. is headquartered in North Carolina, U.S. and was founded in 1987. The company offers power and radio frequency (RF) semiconductors and LED components and chips for several industries such as automotive, defense and others. The company deals in business segments namely wolfspeed and LED products out of which wolfspeed is the market focused segment. The company provides various products under categories such as wolfspeed power products, wolfspeed RF products, wolfspeed materials, LED components and LED chips among which wolfspeed materials is the market focused category.
The company has wide global presence across the globe such as in Asia–Pacific, North America and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cree Microwave, LLC (U.S.), CI Holdings, Limited (U.S.), Cree Asia-Pacific Limited (Hong Kong), Cree Europe GmbH (Germany), Cree International GmbH (Switzerland) and others.
II-VI Incorporated is headquartered in Pennsylvania, U.S. and was founded in 1971. The company deliver engineered materials, optical systems offering and optoelectric components for various applications including aerospace and defense, life sciences, automotive, semiconductor capital equipment and others. The company deals in business segments namely laser solutions, photonics and performance products and others out of which performance products is the market focused segment. The company provides various products under categories such as optical communications, optoelectronic devices, optics, laser systems, laser processing tools, laser components, electronic devices, epitaxial wafers, silicon carbide substrates, thermoelectrics, ceramics & composites and rare materials among which silicon carbide substrates is the market focused category.
The company has wide global presence in Europe, Americas and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as VLOC Incorporated (Pennsylvania), Exotic Electro-Optics, Inc. (California), Marlow Industries, Inc. (Texas), II-VI Holdings B.V. (The Netherlands), Marlow Industries, Ltd. (England), II-VI Japan Incorporated (Japan) and others.
SiCrystal GmbH is headquartered in Nuremberg, Germany and was founded in 1996. The company provides monocrystalline silicon carbide semiconductor wafers for the production of innovative electronics products. The company provides product named as monocrystalline silicon carbide.
The company has wide global presence in Europe and Asia-Pacific.
Global Silicon Carbide Wafers Market – Industry Trends and Forecast to 2027
Asia-Pacific Silicon Carbide Wafers Market – Industry Trends and Forecast to 2027
Middle East and Africa Silicon Carbide Wafers Market – Industry Trends and Forecast to 2027
Europe Silicon Carbide Wafers Market – Industry Trends and Forecast to 2027
North America Silicon Carbide Wafers Market – Industry Trends and Forecast to 2027