North America 4 Inches Semi-Insulating Silicon Carbide Wafer Market Size, Share and Trends by 2032
Apr 16, 2024
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Market Overview
The 4 Inches Semi-Insulating Silicon Carbide Wafer market industry is projected to grow USD 0.17435 Billion by 2032, exhibiting a CAGR of 12.30% during the forecast period (2023 - 2032).
Key Players
- Wolfspeed
- SK Siltron
- Showa Denko
- Norstel
- SiCrystal
- TankeBlue
- SICC
- II-VI Advanced Materials
- Hebei Synlight Crystal
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Competitive Dynamics
Major players in the 4 Inches Semi-Insulating Silicon Carbide Wafer market are attempting to increase market demand by investing in research and development operations includes Wolfspeed; SK Siltron; Showa Denko; Norstel; SiCrystal; TankeBlue; SICC; II-VI Advanced Materials; Hebei Synlight Crystal.
Market Dynamics
The use of SiC wafers in power electronics and semiconductors is expected to boost the market. The product's demand is rising as the telecommunications industry builds 5G networks. Key businesses' strategic agreements to boost electric car R&D have also boosted power semiconductor demand. SiC wafers with semi-insulation conduct less electricity than those with complete conductivity. High thermal conductivity makes SiCs useful for power devices that run at high temperatures. High refractive index and transparency make it difficult to discover surface defects that could slow semi-insulating Silicon Carbide (SiC) Wafer market growth.
Electric vehicles and fifth-generation telecommunications equipment use SiC wafers, increasing demand. Due to increased demand, companies are investing heavily in cutting-edge manufacturing facilities. SiC is difficult and expensive to make due to its polytypic crystal structure and high thermodynamic properties. Large companies invest heavily in R&D to introduce novel products. Since semi-insulating SiC wafers reduce signal interference and improve device performance, they are essential to the manufacturing of radio frequency (RF) components including amplifiers and transistors. The implementation of 5G networks and the advancement of communication technologies boost demand for SiC wafers.
Since silicon carbide is rare, high-quality raw materials are scarce, limiting SiC wafer market growth. Due of its hardness, SiC is hard to process and manufacture. In addition to being hard, SiC is brittle, which increases the danger of cracking and breaking during production, reducing the yield and dependability of SiC-based components and slowing market growth.
COVID-19 has greatly affected the semi-insulating SiC Wafer market. Global recession and a halt in manufacturing delayed the delivery of crucial parts, causing a sales drop and a huge loss during the outbreak. R&D and government initiatives may also boost industrial growth.
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Segmental Analysis
The North America 4 Inches Semi-Insulating Silicon Carbide Wafer market segmentation, based on type includes Resistivity≥ 1×10?Ω•cm and Resistivity≥ 1×10¹¹Ω•cm.
The North America 4 Inches Semi-Insulating Silicon Carbide Wafer market segmentation, based on application includes Power Device and Electronics.
Regional Overview
North America is expected to have significant growth due to the existence of notable businesses such as Wolfspeed Inc., II-VI Incorporated, and others. The use of SiC wafers in electric vehicles in the region has boosted market growth. The expanding need for consumer electronics, such as smartphones and laptops, is driving the region's semiconductor industry, resulting in increased demand for semi-insulating silicon carbide wafers. Furthermore, the availability of modern manufacturing facilities and well-established supply chains in North America has fuelled the expansion of the semi-insulating silicon carbide wafer market, which is expected to continue to expand during the projected period.
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