PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532809
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532809
SiC-on-Insulator (SiCOI) Film Market Material was valued at USD 37.02 Million in 2023, expanding at a CAGR of 98.03% from 2024 to 2032.
SiC-on-Insulator (SiCOI) film is a specialized type of material structure where a thin layer of silicon carbide (SiC) is deposited or transferred onto an insulating substrate, typically silicon dioxide (SiO2) or sapphire. This configuration creates a layered material like silicon-on-insulator (SOI) with the advantages of silicon carbide.
SiC-on-Insulator (SiCOI) Film Market- Market Dynamics
Rising demand for energy efficiency and electric vehicles (EVs) are expected to propel market demand
With global initiatives focusing on energy efficiency and reducing carbon footprints, SiC-based devices are increasingly favored for their ability to operate at higher frequencies and temperatures while minimizing power losses. SiCOI films enable the integration of these benefits into various electronic systems, supporting advancements in renewable energy, electric vehicles, and industrial automation. SiC is recognized for its superior electrical properties compared to traditional silicon, including higher electron mobility and breakdown voltage. This makes SiC-on-Insulator films particularly attractive for high-power electronics applications such as power modules, inverters, and RF devices.
Electric vehicles rely on power electronics that can handle high voltages and temperatures efficiently. SiC-on-Insulator technology allows for the development of compact and efficient power modules, enabling longer driving ranges, faster charging times, and improved overall vehicle performance. SiC's robustness in extreme environments, including high temperatures and radiation resistance, makes it suitable for aerospace and defense applications. SiCOI films facilitate the development of lightweight and reliable electronics for avionics, satellite systems, radar systems, and other critical defense technologies.
SiC-on-Insulator (SiCOI) Film Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 98.03% over the forecast period (2024-2032)
Based on Material segmentation, the polycrystalline SiC segment was predicted to show maximum market share in the year 2023, owing to high demand from power electronics.
Based on Wafer Size segmentation, 200 mm segment was the leading Wafer Size in 2023, due to high demand from automotive applications.
Based on Technology segmentation, the bonding technology segment was the leading Technology segment in 2023, owing to increased demand from grinding & polishing applications.
On the basis of region, Asia Pacific was the leading revenue generator in 2023, owing to rapidly growing automotive industries.
The Global SiC-on-Insulator (SiCOI) Film Market is segmented on the basis of Material, Wafer Size, Technology, and Region.
The market is divided into three categories based on Material: Si, Polycrystalline SiC, and others. The polycrystalline SiC segment dominates the market. High adoption of SiC-based electronics, and high-performance devices is enhancing segment growth.
The market is divided into three categories based on Wafer Size: 100 mm, 150 mm, and 200 mm. The 200 mm segment dominates the market. The large-scale manufacturing of SiCOI-based power electronics and microwave devices is projected to foster market growth.
The market is divided into two categories based on Technology: smart cut technology and bonding technology. The bonding technology segment dominates the market and is expected to maintain its high dominance during the forecast period. The smart cut technology is anticipated to propel at the fastest rate over the forecast period.
SiC-on-Insulator (SiCOI) Film Market- Geographical Insights
Globally, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia-Pacific, led by countries such as China, Japan, South Korea, and Taiwan, is a major manufacturing hub for electronics and semiconductors. The region's extensive electronics industry drives the demand for SiC-based materials, including SiCOI films, for applications in consumer electronics and automotive industries. European countries invest significantly in research and development related to semiconductor materials and advanced manufacturing techniques.
The SiC-on-Insulator (SiCOI) film market is characterized by several key players and ongoing developments among companies striving to advance this technology. Companies focus on product development, integrating SiC devices into power modules for applications such as electric vehicles, renewable energy systems, and industrial automation, leveraging the benefits of SiCOI films. Marlket layers also collaborates with research institutions and industry partners to drive advancements in SiC-based materials and devices, including SiCOI films.
In September 2023, SOITEC introduced its first 200 mm Smart SiC substrate to increase its SIC product line.
In 2022, Cree, Inc. has planned to scale up production capacity for SiC materials and devices, including SiCOI films, to meet growing market demand.