Silicon Carbide Wafers and Substrates Market

The global Silicon Carbide Wafers and Substrates market was valued at 1112 million in 2024 and is projected to reach US$ 3070 million by 2031, at a CAGR of 16.0% during the forecast period.
Silicon carbide is an inorganic substance with the chemical formula SiC. It is made of raw materials such as quartz sand, petroleum coke (or coal coke), and sawdust (salt is needed to produce green silicon carbide) through high-temperature smelting in a resistance furnace. Silicon carbide is a semiconductor that exists in nature in the form of the extremely rare mineral moissanite. Since 1893, it has been mass-produced as powder and crystals for use as abrasives, etc. Among non-oxide high-tech refractory raw materials such as C, N, and B, silicon carbide is the most widely used and economical one, which can be called diamond sand or refractory sand.
Wafer refers to the cutting, grinding, and polishing of crystals along a specific crystal direction to obtain a clean single wafer with specific crystal planes and appropriate electrical, optical, and mechanical properties for growing epitaxial layers. Silicon carbide wafer is the core material of the newly developed wide bandgap semiconductor. The devices made with it have the characteristics of high temperature resistance, high voltage resistance, high frequency, high power, and radiation resistance. It has the advantages of fast switching speed and high efficiency, which can greatly reduce product power consumption, improve energy conversion efficiency, and reduce product volume. According to different electrical properties, silicon carbide wafer can be divided into two categories: semi-insulating silicon carbide wafer and conductive silicon carbide wafer. These two types of wafer are clearly used to manufacture discrete devices such as power devices and radio frequency devices after epitaxial growth.
At present, 6-inch SiC wafer still occupy the mainstream market, but 8-inch wafer are gradually penetrating. Compared with 6-inch wafer, the cost of 8-inch SiC wafer can be reduced by about 35%, and more wafers can be cut out with less edge waste, which greatly improves the effective utilization of materials. Therefore, domestic and foreign manufacturers are accelerating research and development, expanding production, and entering the 8-inch silicon carbide market.
From the perspective of the global silicon carbide wafer material market, Wolfspeed, Coherent, Rohm, etc. still occupy a dominant position in the industry. However, in recent years, my country's silicon carbide material market has also been very hot. Wafer manufacturers such as CETC, TankeBlue, SICC, Hebei Synlight Crystal, and Sanan Optoelectronics have all achieved mass production. From the perspective of the terminal market, the demand for silicon carbide remains strong, whether in automobiles, photovoltaics, or industry. As the first car company in the industry to apply silicon carbide on a large scale, Tesla's Model 3 and Model Y models are selling well. In 2023, the penetration rate of silicon carbide in the field of pure electric passenger vehicles will be 25%, of which Model 3 and Model Y will contribute 60% to 70%. At the same time, driven by new car-making forces at home and abroad, the market structure of silicon carbide is gradually becoming diversified. In 2023, there will be a number of standard silicon carbide models in the price range of 200,000 to 250,000 yuan, such as Xiaopeng G6, Zeekr X, and Zhiji LS6. The high-performance strategy of new car companies is accelerating the market penetration of silicon carbide. In the future, all models with a price of more than 200,000 yuan may be equipped with silicon carbide devices as standard. Not only new energy vehicles, but also charging piles, photovoltaics, and industrial markets have great potential demand for silicon carbide. Wind, solar, storage, and industrial demand are also gradually increasing the application of silicon carbide devices and modules to cope with high-frequency, small-volume, and energy-saving scenarios, and the application scale is also considerable.
We have surveyed the Silicon Carbide Wafers and Substrates manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks
Silicon Carbide Wafers and Substrates Market aims to provide a comprehensive presentation of the global market for Silicon Carbide Wafers and Substrates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Silicon Carbide Wafers and Substrates. Silicon Carbide Wafers and Substrates Market contains market size and forecasts of Silicon Carbide Wafers and Substrates in global, including the following market information:
Global Silicon Carbide Wafers and Substrates market revenue, 2020-2025, 2026-2031, ($ millions)
Global Silicon Carbide Wafers and Substrates market sales, 2020-2025, 2026-2031, (K Units)
Global top five Silicon Carbide Wafers and Substrates companies in 2024 (%)
Total Market by Segment:
Global Silicon Carbide Wafers and Substrates market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global Silicon Carbide Wafers and Substrates market segment percentages, by Type, 2024 (%)
4 Inch
6 Inch
8 Inch
Global Silicon Carbide Wafers and Substrates market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Units)
Global Silicon Carbide Wafers and Substrates market segment percentages, by Application, 2024 (%)
Power Device
Electronics & Optoelectronics
Wireless Infrastructure
Others
Global Silicon Carbide Wafers and Substrates market, by region and country, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global Silicon Carbide Wafers and Substrates market segment percentages, by region and country, 2024 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Silicon Carbide Wafers and Substrates revenues in global market, 2020-2025 (estimated), ($ millions)
Key companies Silicon Carbide Wafers and Substrates revenues share in global market, 2024 (%)
Key companies Silicon Carbide Wafers and Substrates sales in global market, 2020-2025 (estimated), (K Units)
Key companies Silicon Carbide Wafers and Substrates sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
Wolfspeed
SK Siltron
ROHM Group (SiCrystal)
Coherent
TankeBlue
Resonac
STMicroelectronics
SICC
Hebei Synlight Crystal
CETC
San'an Optoelectronics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Silicon Carbide Wafers and Substrates, market overview.
Chapter 2: Global Silicon Carbide Wafers and Substrates market size in revenue and volume.
Chapter 3: Detailed analysis of Silicon Carbide Wafers and Substrates manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Silicon Carbide Wafers and Substrates in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Silicon Carbide Wafers and Substrates capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.