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Silicon Carbide (SIC) Semiconductor Materials & Devices Market: Global Forecasts & Analysis 2012-2022

China’s domination of the silicon carbide semiconductors market set to diminish in the coming decade

The global silicon carbide semiconductor market is expected to grow by a compound annual growth rate of 37.7% between 2012 and 2022, reaching a value of $5.34 billion by that year, compared to $218 million in 2012. This tremendous growth is only possible because of the research and development that was done in the past decade on the silicon carbide based discretes. At the moment the silicon carbide power semiconductors market accounts for less than 1% of the power semiconductor market. Despite this low starting point, most of the major power semiconductor players are expected to enter this industry in the coming decade.

Growth in the market for raw materials for silicon carbide semiconductors is expected to grow almost as fast, with a compound annual growth rate of around 26% between 2012 and 2022. This means that the raw materials market will hit a value of $9 billion by 2022. This means that this industry will have a percentage share of the global semiconductor materials market of 5.76%. The silicon carbide semiconductors market is currently dominated by China, which has around 70% of the market. Although China will stay the dominant player for the foreseeable future, its share of the market is expected to slowly decrease.

Revenue for the global silicon carbide semiconductor devices market can be split into seven major market segments based on the end-use. These are Computers, ICT, Consumer Electronics, Automotive (& Transportation), Industrial-Power-Solar & Wind, Military-Defense & Aerospace, Medical and Others.

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