Rapid Growth Expected in the Silicon Carbide Market, Driven by EV and Renewable Energy Demands

Sic is a commonly used material for electronic components, and its full name is silicon carbide. Compared to other common semiconductor materials, such as silicon and gallium compounds, silicon carbide has higher thermal stability, higher electron drift rate, higher radiation resistance and higher temperature resistance. These properties have led to Sic being widely used in electronic components for high power, high frequency and high temperature environments, such as power electronics, RF power amplifiers, high speed switches and optoelectronic components. The use of Sic materials also helps to improve the efficiency and reliability of electronic components.

In addition, due to the high cost of silicon carbide, it is not practical in some low-cost applications. Also, manufacturing SiC components faces some technical challenges, such as high-temperature processing, manufacturing difficulties, and high manufacturing costs. However, with the advancement of manufacturing technology, the application prospect of silicon carbide remains promising.

In recent years, the development of the silicon carbide market has shown a rapid growth trend. According to market research reports, the global shipments of silicon carbide market has grown from 115,000 wafers in 2019 to 285,000 wafers in 2021 and is expected to reach 539,000 wafers by 2025. The growth of the silicon carbide market is mainly influenced by several factors: 1) the rapid development of the electric vehicle market; 2) the expanding renewable energy market; 3) the widespread use of new power equipment; 4) the rapid spread of 5G communication technology, etc.

Currently, the major manufacturers in the global silicon carbide market include Cree, ROHM, Infineon, STMicroelectronics, and others. Among them, Cree is the leader in the global silicon carbide market, with the world's largest silicon carbide wafer manufacturing facility. rohm is also a key player in the silicon carbide market, and its silicon carbide MOSFET products are widely used in electric vehicles and solar inverters, etc. Infineon and STMicroelectronics also have a certain market share, and they are also expanding their silicon carbide product lines to meet the market demand.

It is expected that the silicon carbide market will continue to grow rapidly in the coming years, and the product lines in the silicon carbide market will continue to expand and increase their market share.