SiC-On-Insulator and Other Substrates Market Size Worth USD 190.94 Million By 2032 | CAGR: 8.1%

The global SiC-on-insulator and other substrates market size is expected to reach USD 190.94 Million by 2032, according to a new study by Polaris Market Research. The report “SiC-On-Insulator and Other Substrates Market Share, Size, Trends, Industry Analysis Report, By Substrate Type (Semi-insulating SiC Substrates, Conductive SiC Substrates); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global SiC-on-insulator and other substrate market is projected to grow significantly due to silicon carbide's superior properties, such as chemical inertness, high thermal conductivity, and high-temperature resistance, making it a perfect material for use in high-power electronic components, resulting in increased acceptance in power electronics and RF power amplifiers. Advances in CMOS technology have allowed the creation of low-cost and efficient SiC-on-insulator materials, broadening their application possibilities.

The increasing need for energy-efficient technologies fuels market growth, as SiC-on-insulator and other substrates assist in lowering energy consumption by preventing power losses in electronic components. However, the high cost of manufacturing SiC-on-insulator and other substrates poses a significant challenge to market growth. The high cost of raw materials, combined with complex manufacturing processes, raises the total cost of these materials, hindering their widespread use.

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The market's expansion is due to an increasing need for efficient power electronics products that can operate effectively at extreme temperatures and frequencies. SiC-on-insulator and other substrates have more thermal insulation, lower thermal dissipation, and greater breakdown voltage, making them ideal for use in high-power electronic devices like renewable energy systems, electric vehicles, and advanced industrial applications. The manufacturers are committed to developing and manufacturing high-quality, dependable, and efficient products that fulfill the increasing demand for power electronics and RF applications.

SiC-On-Insulator and Other Substrates Market Report Highlights

• The market for Conductive SiC Substrates is anticipated to witness substantial growth during the forecast period, owing to the surging demand for high-power electronic devices. These devices require advanced power devices that can efficiently handle high voltages and currents, thereby driving the demand for SiC substrates with superior conductive properties.
• In 2023, the SiC-on-insulator and other substrates market was dominated by the power devices segment. This was primarily due to the rising demand for high-power electronic devices, including renewable energy systems, electric vehicles, and industrial motor drives.
• The global market for SiC-on-insulator and other substrates has seen the Asia Pacific region take the lead due to the presence of leading semiconductor manufacturers in countries such as Taiwan, South Korea, Japan, and China. These manufacturers have been instrumental in driving the market forward by adopting advanced fabrication technologies and investing in research and development activities.
• The global key market players include Ceramicforum Co. Ltd., Coherent Corporation, GlobalWafers Co. Ltd., Homray Material Technology, Precision Micro-optics Inc., SICC Co. Ltd., SOITEC, Hebei Synlight Semiconductor Co., Ltd., TankeBlue Co. Ltd., Wolfspeed Inc., Xiamen Powerway Advanced Material Co. Ltd., Hitachi Energy., etc.

Polaris Market Research has segmented the SiC-on-insulator and other substrates market report based on substrate type, application, and region:

SiC-On-Insulator and Other Substrates, Substrate Type Outlook (Revenue - USD Million, 2019 - 2032)

• Semi-insulating SiC Substrates
• Conductive SiC Substrates

SiC-On-Insulator and Other Substrates, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Power Devices
• RF Devices
• Micro Electro Mechanical Systems
• Photonic Devices
• Others

SiC-On-Insulator and Other Substrates, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

SiC-On-Insulator and Other Substrates Market Report Scope