Asia Pacific Silicone Carbide Wafers Market to reach reach US$ 5.8 Billion in 2032, driven by increasing demand for next-generation semiconductors

September 09 01:32 2024
Asia Pacific Silicone Carbide Wafers Market to reach reach US$ 5.8 Billion in 2032, driven by increasing demand for next-generation semiconductors
Reports and Insights Business Research Pvt. Ltd.
The Asia Pacific siliconе carbidе wafеrs market was valued at US$ 2.1 billion in 2024 and is expected to register a CAGR of 12.0% over the forecast period and reach US$ 5.8 Billion in 2032

According to the latest report by Reports and Insights, titled, “Asia Pacific Silicone Carbide Wafers Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast” the global Asia Pacificsilicone carbide wafers market was valued at USD 2.1 billion in 2024. Looking forward, Reports and Insights anticipates the market to expand at a compound annual growth rate (CAGR) of approximately 12.0% from 2024 to 2032. 

The demand for Asia Pacific silicon carbide wafers is growing at a rapid rate owing to the increasing demand for next-generation semiconductors from various industries such as electric vehicles, telecommunication, and renewable energy. Among all types, SiC-based wafers are in demand because of several advantages compared with traditional Si wafers, such as thermal conductivity, energy efficiency, and durability. This demand is very strong, especially in countries such as China and Japan, where government initiatives promote energy-efficient technologies and have an electric vehicle industry in rapid growth. These factors mean the silicon carbide wafer market in the Asia Pacific region should continue its growth supported by technological advances and further investments in manufacturing and research.

Get a PDF Sample for more detailed market insights: https://www.reportsandinsights.com/sample-request/2424

Asia Pacific Silicone Carbide Wafers Market Trends

The increase in demand for high-power semiconductors, mainly by industries such as electric vehicle, telecommunication, and renewable energy, has brought about significant growth in the Asia Pacific silicon carbide wafers market. Key trends include an upsurge in the adoption of silicon carbide wafers due to superior properties compared to traditional silicon wafers. Government initiatives for deploying energy-efficient technologies and fast-growing electric vehicle markets, especially in countries like China and Japan, further support the market. Development in the wafer manufacturing process and increasing R&D investments further extend this trend in the region.

Ask Customization and Browse full report with TOC & List of Figure:  https://www.reportsandinsights.com/talk-to-consultant/2424

The power electronics segment is estimated to grow at the fastest pace through the forecast period

In the market for silicon carbide wafers, the power electronics application segment is likely to have the largest share during the forecast period. This is attributed to growing demand for high-efficiency and high-power devices in industries like automotive, energy, and industrial. Wafer silicon carbide is preferred in power electronics on account of high thermal conductivity, breakdown voltage, and efficiency of operation in high-temperature conditions. This, therefore, makes the segment for power electronics a high contributor to revenue in the market, considering that industries are continuing to progress toward robust and efficient electronic solutions.

The 6-inch SiC wafеrs segment accounted for the largest share in the Asia Pacific silicone carbide wafers market in 2023

Among the types of silicon carbide wafers in the market across the Asia Pacific region, the 6-inch SiC wafers segment is expected to hold the largest revenue share in the forecast years. This can be attributed to the surging demand for 6-inch wafers in various high power and high frequency applications based on automotive electronics, energy systems, and industrial equipment. Indeed, the 6-inch SiC wafers strike a balance between performance and cost, making them popular among manufacturers. Due to the fact that industries keep seeking advanced solutions that will be of great help in improving efficiency and durability, it is expected that 6-inch SiC wafers will continue to be one of the most crucial contributors of revenue to the market.

The energy and power segment are expected to grow with highest CAGR during the forecast period of Asia Pacific silicone carbide wafers market

The energy and power segment are expected to dominate the revenue share in the silicon carbide wafer market throughout the forecast period due to growing demand for silicon carbide wafers in the high-power and high-efficiency segment of the energy sector. With growing power electronics and energy systems for better performance and reliability, industries are looking toward silicon carbide wafers owing to their higher thermal conductivity, breakdown voltage, and efficiency. Hence, the energy and power segment are very likely to see the highest revenue contribution than other end-use sectors.

Request Sample Pages: https://www.reportsandinsights.com/report/asia-pacific-silicon-carbide-wafers-market

China has registered fastest growth rate during the forecast period in Asia Pacific Silicone Carbide Wafers market

China is expected to attain the highest growth rate in the Asia Pacific silicon carbide wafers market during the forecast period. This is basically because of the massive investments that China is making in electric vehicle production, renewable energy projects, and high-end electronics; all these sectors require high-performance semiconductors such as silicon carbide. Furthermore, strategic initiatives by the Chinese government to be at the forefront in high-tech manufacturing, and growing semiconductor fabrication infrastructure domestically, accelerate the demand for SiC wafers within the country at an ever-increasing rate.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Shin Etsu Group
  • Rеsonac
  • GlobalWafеrs Co. Ltd.
  • Siltronic AG
  • SK siltron
  • Soitеc
  • Episil
  • Nippon Stееl Corporation
  • Infinеon Tеchnologiеs
  • Atеcom Tеchnology Co. Ltd
  • Rohm Sеmiconductor
  • Sеmicorеx Advancеd Matеrial Tеchnology Co. Ltd

The report has segmented the market based on product type, application, end-user and countries.

By Product Typе

  • 2-inch SiC Wafеrs
  • 4-inch SiC Wafеrs
  • 6-inch SiC Wafеrs
  • 8-inch SiC Wafеrs
  • Othеrs

By Application

  • Powеr Electronics
  • Radio Frеquеncy (RF) Devices
  • Othеr Applications

By End User

  • Automotivе
  • Enеrgy & Powеr
  • Tеlеcommunications
  • Industrial
  • Aеrospacе & Dеfеnsе
  • Othеrs

By Country

  • China
  • Japan
  • South Korea
  • India
  • Taiwan
  • Vietnam
  • Singapore
  • Rest of Asia Pacific

Browse Other Reports by Reports and Insights:

https://www.reportsandinsights.com/report/asia-pacific-semiconductor-packaging-market

https://www.reportsandinsights.com/report/asia-pacific-pouch-cells-market

About Us:

Rеports and Insights consistеntly mееt intеrnational bеnchmarks in thе markеt rеsеarch industry and maintain a kееn focus on providing only thе highеst quality of rеports and analysis outlooks across markеts, industriеs, domains, sеctors, and vеrticals. Wе havе bееn catеring to varying markеt nееds and do not compromisе on quality and rеsеarch еfforts in our objеctivе to dеlivеr only thе vеry bеst to our cliеnts globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact
Company Name: Reports and Insights Business Research Pvt Ltd
Contact Person: Ashwani Kailiya
Email: Send Email
Phone: 8307999379
Address:1820, Avenue M
City: Brooklyn
State: NY
Country: United States
Website: https://www.reportsandinsights.com/