MarketsandMarkets: Global SiC Semiconductor Devices Market Worth $5.34 Billion by 2022
DALLAS, June 8, 2012 /PRNewswire/ –
The report “Silicon Carbide (SiC) Semiconductor Materials and Devices (Discretes &
Chips) Market, Global Forecasts & Analysis (2012-2022)”, published by MarketsandMarkets
(http://www.marketsandmarkets.com), defines and segments the global SiC Semiconductor
market with analysis and forecasting of the revenues and volumes for the overall market
and all its sub-segments.
Browse more than 200 market data tables & figures spread through 456 pages and
in-depth TOC on “Silicon Carbide (SiC) Semiconductor Materials and Devices (Discretes &
Chips) Market, Global Forecasts & Analysis (2012-2022)”.
Early buyers will receive 10% customization on reports.
Silicon Carbide is an upcoming alternate material to pure silicon in the field of
semiconductors & electronics. For many decades in the latter half of the twentieth
century, silicon carbide was used in various other sectors, in several applications where
advanced features of silicon carbide useful for semiconductors such as inherent
radiation-resistance, high-temperature operating capacity, high voltage and power handling
capacity, flexibility to be used a substrate, were discovered. Since then, extensive
research studies took place to utilize silicon carbide for semiconductor devices and
electronic systems. The first commercial use of SiC in semiconductor devices started at
the turn of the century. Since then, SiC has penetrated into three major sub-segments of
the semiconductor industry; namely the power semiconductors industry, the
opto-semiconductor industry, and the high-temperature semiconductor industry.
The penetration of silicon carbide was the first in high-temperature semiconductors,
followed by power semiconductors and opto-semiconductors. While the penetration growth
rate is healthy and substantial in high temperature, the penetration rate in power
semiconductors is explosive. One of the prime reasons for this is the growing application
areas in the high-voltage (>1 kV) ranges, where SiC offers unique unbeatable efficiency
over pure silicon. In the power semiconductors, several transistors and diodes came into
the market since 2003, with enormous growth in the volume of power discretes (MOSFETs,
IGBTs, Diodes & Rectifiers, Thyristors and other transistors) boosting the total revenue
of the SiC power semiconductors market.
Over the past few years, several research & developments activities took place to
develop SiC-based discretes and ICs that have advanced and sophisticated characteristics
and offer better flexibility for use in several power and high-temperature applications.
The Silicon Carbide semiconductor devices market
is expected to grow robustly at a high CAGR of 37.67% from 2012 to 2022. The SiC
market’s competitive landscape had only a handful of players in the beginning of the
previous decade, but it quickly emerged into a vast network with more than forty key
players combining both materials & devices. Currently, the overall SiC power
semiconductors market accounts for less than 1% of the total power semiconductors market,
but over the next ten years, the entire base of power semiconductors & electronics players
is expected to penetrate this new value chain, thereby rapidly increasing the percentage
share. The global SiC semiconductor devices’ market revenue stood is estimated to be
roughly $218 million in 2012 and forecasted to reach $5.34 billion by end of 2022.
In the case of SiC power semiconductor market, the phenomenal growth rate of
approximately 35% to 50% Y-o-Y is expected to continue for the following years and the
forecasted revenue for SiC power semiconductors is more than $4 billion by end of 2022 at
a CAGR of 45.65%, penetrating substantially into the global power semiconductors market,
occupying a share of 13% by volume in 2022. Initially, the SiCopto-semiconductors market
revenue was higher than that of the power semiconductors, but in 2011, the situation
reversed. The SiCopto-semiconductors market is expected to grow at a CAGR of 25.46% and
cross $600 million by 2022. Primary reason for the relatively lesser CAGR of
SiCopto-semiconductors is the shift of industry preference to sapphire and silicon as
substrates over SiC, mainly due to the trend of using GaN in the epitaxy layer for the
rising demand in the new devices segment, high brightness & ultra-high brightness LEDs.
The SiCopto-semiconductors market and high temperature semiconductor markets are
currently niche segments, but expected to grow at healthy CAGRs. Important players who are
among the top 10 in the overall SiC semiconductor market, as they have also deeply
established bases in the SiCopto& high temperature semiconductor market segments. The SiC
high-temperature semiconductors market is expected to have an excellent growth, but not as
fast as power semiconductors, primary reason being that it is a niche area, with lesser
focus on industry players and fewer number of industry players. The other reasons are cost
concerns, relatively lesser demand, narrow application areas, and so on. The SiC
high-temperature semiconductors market is expected to grow at a CAGR of 21.87% from 2012
to 2022, crossing $350 million by 2022.
In features aspects, the silicon carbide devices are much smaller, lighter, and more
efficient than silicon semiconductor devices that were used before. Continuous
developments are going on in the fabrication of silicon carbide semiconductor devices such
as power MOSFETs, power JFETs, power thyristors, power Schottky diodes, and the other
similar discretes. The silicon carbide semiconductor devices possess potential to operate
at high temperatures, power levels, and voltages. The number of applications is increasing
day by day in various industries that include telecommunication, automotive, industrial,
power electronics, solar & wind and even lighting.
This research study on this market and industry gives a detailed overview of the
global SiC semiconductor devices market in the present scenario, and discusses the
history, evolution, market by technology (by polymer types and by substrate &epitaxy
materials), market by products and devices, market by application segments and by
geography in the report by MarketsandMarkets, Inc.
This report published on this research study mainly focuses on three major aspects -
Market Overview (landscape), Market Analysis (dynamics) and Market Classification
(segmentation). Extensive and detailed classification of the SiC semiconductor devices
market is done in this report by technology, polymer types, materials, products, devices,
application and geography. Each classification done for the global SiC semiconductor
devices market has market estimates and forecasts till 2022 for each sub-market in terms
of both revenues and volumes. The major SiC semiconductor product segments – namely, the
power semiconductors, opto semiconductors and high temperature semiconductors are analyzed
in great detail throughout the report in every type of classification.
Since the report mainly covers the Silicon Carbide Semiconductor Materials market
whose parent market is the global semiconductor market, the reports also includes
various aspects related to the overall semiconductor industry in several instances
throughout the report in various chapters. A comparison of various aspects, of each market
segment with its parent market (for example, SiC power semiconductors with overall power
semiconductors) is done at every possible level to give an idea about the total
addressable markets for each market segment and the market penetration rates. All the
numbers at every level of detail are forecasted till 2022 to give a glimpse of the
potential revenue base in the SiC industry and market.
The report also analyzes the entire SiC semiconductor industry’s value chain, and
gives an overview of the major industry segments. It discusses the dynamics of various
industry segments such as Raw Material, EDA & Design Tool, Wafer & Wafer Equipment,
Foundry, Fab and IDMs, along with focus on the industry life cycle. The complete supply
chain of the industry has been discussed in great detail, emphasizing on both – the
upstream and downstream chains. Lastly, a complete competitive landscape of the current
market is illustrated along with company profiles and in-depth market share analysis (with
rankings) of the key players. The competitive information in this report includes market
shares of leading producers, key developments, core strategies, M&A, new product
developments, collaborations and JVs of key manufacturers.
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