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.

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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.:

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.

For instance,

• In March 2020, Cree, Inc. has introduced its new product wolfspeed 650V silicon carbide MOSFETs which will be used for different industrial applications such as in data centers, electric vehicles on-board charging and solar innovations. This device will help in lowering switching losses and provide the lowest on-state resistance for greater efficiency and power-dense solutions. The launch helps in increasing the production of the business which also generates income of the business.

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:

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. 

For instance,

• In August 2020, II-VI Incorporated has acquired Ascatron AB, a leading provider of silicon carbide epitaxial wafer and power electronics devices by the end of 2020. The company is also planning to buy all the shares of INNOViON Corporation for silicon and compound semiconductor devices. This acquisition helps in increasing the customer base of the company which generates revenue of the business.

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:

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. 

For instance,

• In January 2020, SiCrystal GmbH, a company of ROHM Group and STMicroelectronics has signed a multi-year agreement for the supply of silicon carbide (SiC) wafers. This agreement states that the company will take a supply of SiC wafer from SiCrystal GmbH of over USD 120.00 million of wafer size advanced 150mm or 6 inches for power devices. This agreement will boost industrial flexibility and will support the commercial expansion of SiC products in the industrial industry and automotive industry. This agreement will help the company to increase its production capabilities of power devices and other components for industrial applications. The partnership helps in increasing the customer base of the company which generates revenue of the business.

The company has wide global presence in Europe and Asia-Pacific.