What Fueled The Previous Growth In The SiC-On-Insulator (SiCOI) Film Market?
The sic-on-insulator (sicoi) film market has seen considerable growth due to a variety of factors.
• The SIC-on-insulator (SiCOI) film market will expand from $0.06 billion in 2024 to $0.09 billion in 2025 at a CAGR of 49.2%.
The growth is attributed to the increasing demand for power electronics in renewable energy applications, the adoption of SiCOI in high-frequency and high-power electronics, rising adoption in electric vehicles, government incentives and regulations, and the need for advanced devices.
What Can Be Expected from the SiC-On-Insulator (SiCOI) Film Market Size?
The sic-on-insulator (sicoi) film market is expected to maintain its strong growth trajectory in upcoming years.
• The SIC-on-insulator (SiCOI) film market is set to grow to $0.45 billion by 2029, at a CAGR of 48.9%.
The expansion is attributed to growing investment in 5G infrastructure, increased demand for efficient power devices, 5G and 6G rollouts, Industry 4.0, and IoT growth, as well as adoption in the aerospace industry. Trends include advancements in fabrication techniques, MEMS device integration, the development of RF and high-frequency devices, research in quantum computing, and collaborations and partnerships.
What Are the Critical Driver Fuelling The SiC-On-Insulator (SiCOI) Film Market's Growth?
The SiC-on-Insulator (SiCOI) film market is forecasted to expand due to the escalating acceptance of electric vehicles (EVs). Electric vehicles, automobiles powered by energy stored in batteries or fuel cells, are gaining popularity because of heightened environmental consciousness, improvements in battery technology and encouraging governmental policies. SiC-on-Insulator (SiCOI) films, by bolstering power electronics efficiency and dependability in EVs, prolong battery longevity and advance overall vehicle efficacy. As per the Global Electric Vehicle (EV) Outlook 2023, published in April 2023 by the International Energy Agency (IEA), a France-based autonomous intergovernmental entity, the total count of EVs is projected to soar from 30 million in 2022 to approximately 240 million in 2030, indicating an average yearly growth rate of around 30%. The sales of EVs will comprise more than 20 million of all vehicles sold in 2025 and over 40 million in 2030, or beyond 20% and 30% of all vehicle sales, respectively. Consequently, the rising acceptance of electric vehicles is fueling the growth in the SiC-on-Insulator (SiCOI) film market.
How Is The SiC-On-Insulator (SiCOI) Film Market segmented?
The SIC-on-insulator (SiCOI) film market covered in this report is segmented –
1) By Substrate: Silicon (Si) Substrate, Silicon Carbide (SiC) Substrate, Sapphire Substrate, Other Substrates
2) By Technology Route: Smart Cut Technology, Grinding Or Polishing Or Bonding Technology
3) By Wafer Size: 100 MM (4-Inch) Wafers, 150 MM (6-Inch) Wafers, 200 MM (8-Inch) Wafers, 300 MM (12-Inch) Wafers
4) By Application: Power Electronics, Aerospace and Defense, Automotive, Consumer Electronics, Others Applications
Subsegments:
1) By Silicon (Si) Substrate: High-Resistivity Silicon Substrate, Low-Resistivity Silicon Substrate
2) By Silicon Carbide (SiC) Substrate: 4H-SiC Substrate, 6H-SiC Substrate, 3C-SiC Substrate
3) By Sapphire Substrate: Patterned Sapphire Substrate, C-Plane Sapphire Substrate, R-Plane Sapphire Substrate
4) By Other Substrates: Quartz Substrate, Glass Substrate, Gallium Nitride (GaN) Substrate
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What Trends Are Reshaping The Future Of The SiC-On-Insulator (SiCOI) Film Market?
Leading firms in the SiC-on-Insulator (SiCOI) film market are striving to maintain their competitive edge through focusing on technological enhancements such as superior film quality, improved thermal conductivity and optimization of manufacturing procedures. The improved performance of SiCOI films under high temperatures makes them suitable for efficient and consistent operations in harsh environments, rendering them perfect for the automotive and aerospace sectors. In May 2022, a case in point was the launch of the first 200-mm SmartSiC-engineered substrate by Soitec SA, a semiconductor materials company based in France. This 200-mm SmartSiC substrate incorporates advanced technology that uses Soitec's unique SmartCut procedure. This method joins a thin high-quality SiC layer with a low-resistivity polySiC wafer. This creative technique enables the production of high-performance power devices. Compared to traditional bulk SiC substrates, these devices boast associated advantages such as amplified yields, minimized die dimensions, and enhanced energy efficiency.
Who Are the Key Players In The SiC-On-Insulator (SiCOI) Film Market?
Major companies operating in the sic-on-insulator (SiCOI) film market are:
• Hitachi Power Semiconductor Device Ltd.
• Nippon Steel Corporation
• Sumitomo Electric Industries Ltd.
• Mitsubishi Electric Corporation
• Micron Technology
• Toshiba Corporation
• Texas Instruments
• STMicroelectronics
• Murata Manufacturing
• Analog Devices Inc.
• Renesas Electronics Corporation
• Fuji Electric Co. Ltd.
• Coherent Corp.
• Rohm Co. Ltd.
• ASM International
• GlobalWafers
• Disco Corporation
• Soitec
• Wolfspeed
• X-FAB Silicon Foundries
• Cree Inc.
• Transphorm
• United Silicon Carbide Inc.
• SK Siltron
• SICC Materials Co. Ltd.
• SiCrystal AG
What Is The Most Dominant Region In The SiC-On-Insulator (SiCOI) Film Market?
North America was the largest region in the SiC-on-insulator (SiCOI) film market in 2024. The regions covered in the sic-on-insulator (SiCOI) film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
