How big is the SiC Wafer Market?

The SiC Wafer Market size is expected to reach USD 0.81 billion in 2024 and grow at a CAGR of 24.70% to reach USD 2.43 billion by 2029. Read More

What is the current SiC Wafer Market size?

In 2024, the SiC Wafer Market size is expected to reach USD 0.81 billion. Read More

Who are the key players in SiC Wafer Market?

Wolfspeed Inc., Coherent Corp. (II-VI Incorporated), Xiamen Powerway Advanced Material Co., STMicroelectronics (Norstel AB) and Resonac Holdings Corporation are the major companies operating in the SiC Wafer Market. Read More

Which is the fastest growing region in SiC Wafer Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in SiC Wafer Market?

In 2024, the Asia Pacific accounts for the largest market share in SiC Wafer Market. Read More

What years does this SiC Wafer Market cover, and what was the market size in 2023?

In 2023, the SiC Wafer Market size was estimated at USD 0.61 billion. The report covers the SiC Wafer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the SiC Wafer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

SiC Wafer Market Share

Statistics for the 2023 & 2024 SiC Wafer market share, created by Mordor Intelligence™ Industry Reports. SiC Wafer share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of SiC Wafer Industry

The degree of competition in the market studied is highly fragmented over the forecast period. The market studied comprises several global and regional players vying for attention in a fairly contested market space. Market incumbents have been continuously expanding their scales of operation by focusing on market expansions, innovations, and acquisitions. Market incumbents, such as Wolfspeed Inc., II-VI Incorporated, SK Siltron Co. Ltd, and Showa Denko KK, considerably influence the overall market. These firms have been continuously expanding their scales of operation by focusing on market expansions and acquisitions.

January 2024 - Infineon Technologies AG, a global leader in power systems and IoT semiconductors, and Wolfspeed Inc., renowned for its expertise in silicon carbide technology, announced an extension and expansion of their long-term agreement for 150 mm silicon carbide wafers. Initially inked in February 2018, this agreement has now been bolstered with a multi-year capacity reservation. This enhanced collaboration fortifies Infineon's supply chain stability and addresses the surging demand for silicon carbide semiconductor products across automotive, solar, EV applications, and energy storage systems.
January 2024 - Infineon Technologies AG inked a deal with silicon carbide (SiC) supplier SK Siltron CSS. As per the terms, SK Siltron CSS will supply Infineon with top-notch, competitively-priced 150-millimeter SiC wafers, bolstering the production of SiC semiconductors. Moving forward, SK Siltron CSS is set to be instrumental in aiding Infineon's shift to a 200-millimeter wafer diameter.