PUBLISHER: The Business Research Company | PRODUCT CODE: 1532070
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532070
Silicon carbide (SiC)-on-insulator film involves depositing a thin layer of silicon carbide (SiC) onto an insulating substrate, typically silicon dioxide (SiO2). This structure combines SiC's high thermal conductivity and electronic properties with the electrical isolation benefits of the insulator, making it advantageous for applications requiring high power, high temperature, and high frequency. SiCOI technology aims to improve device performance while reducing power consumption and heat dissipation.
The main substrate types for SiC-on-insulator (SiCOI) films include silicon (Si), silicon carbide (SiC), sapphire, and others. A silicon (Si) substrate is a polished wafer of silicon used as the base material for semiconductor device fabrication. The technology involves methods such as smart cut technology, grinding, polishing, or bonding, and the wafer sizes range from 100 mm (4-inch) to 300 mm (12-inch). SiCOI finds applications in power electronics, aerospace, defense, automotive, consumer electronics, and other industries.
The sic-on-insulator (SICOI) film market research report is one of a series of new reports from The Business Research Company that provides sic-on-insulator (SICOI) film market statistics, including sic-on-insulator (SICOI) film industry global market size, regional shares, competitors with a sic-on-insulator (SICOI) film market share, detailed sic-on-insulator (SICOI) film market segments, market trends and opportunities, and any further data you may need to thrive in the sic-on-insulator (SICOI) film industry. This sic-on-insulator (SICOI) film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The SiC-on-insulator (SiCOI) film market size has grown exponentially in recent years. It will grow from $0.04 billion in 2023 to $0.06 billion in 2024 at a compound annual growth rate (CAGR) of 48.8%. Historical growth can be ascribed to increased demand for power electronics in renewable energy applications, expanded adoption of SICOI in high-frequency, high-power electronic applications, rising popularity of electric vehicles, government incentives and regulations, and the necessity for high-frequency and high-power devices.
The SiC-on-insulator (SiCOI) film market size is expected to see exponential growth in the next few years. It will grow to $0.30 billion in 2028 at a compound annual growth rate (CAGR) of 49.0%. Projected growth is driven by increased investment in 5G infrastructure, rising demand for efficient power devices, the deployment of 5G networks and the evolution of 6G technologies, the emergence of Industry 4.0 and the Internet of Things, and expanding adoption in the aerospace sector. Key trends in the forecast period include advancements in fabrication techniques, integration with MEMS devices, the development of RF and high-frequency devices, exploration in quantum computing and photonics, and collaborations and partnerships.
The increasing adoption of electric vehicles is anticipated to drive the growth of the SiC-on-Insulator (SiCOI) film market in the future. Electric vehicles (EVs) are automobiles powered by electricity stored in batteries or fuel cells, as opposed to traditional internal combustion engines. The rise in EV adoption is due to heightened environmental awareness, advancements in battery technology, and supportive government policies. SiC-on-Insulator (SiCOI) films are advantageous in electric vehicles because they enhance the efficiency and reliability of power electronics, thus extending battery life and improving overall vehicle performance. For example, in January 2022, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that EV sales surged to 3 million units in 2020, accounting for 4.1% of total car sales. By 2021, EV sales more than doubled to 6.6 million units, making up nearly 9% of the global car market and tripling their market share from just two years earlier. Consequently, the growing adoption of electric vehicles is driving the growth of the SiC-on-Insulator (SiCOI) film market.
Leading companies in the SiC-on-Insulator (SiCOI) film market are concentrating on technological advancements to gain a competitive edge. These advancements include improving film quality, enhancing thermal conductivity, and developing more efficient manufacturing processes. Enhanced high-temperature performance in SiCOI films enables more efficient and reliable operations in extreme conditions, making them suitable for automotive and aerospace applications. For instance, in May 2022, Soitec SA, a France-based semiconductor materials company, introduced its first 200-mm SmartSiC-engineered substrate. This substrate represents advanced technology that employs Soitec's exclusive SmartCut process, which bonds a thin layer of high-quality SiC to a low-resistivity polySiC wafer. This innovative approach enables the production of high-performance power devices that offer increased yields, smaller die sizes, and improved energy efficiency compared to conventional bulk SiC substrates.
In May 2024, Soitec SA partnered with Tokai Carbon Co. Ltd. to develop polycrystalline silicon carbide (polySiC) substrates for Soitec's SmartSiCTM-engineered wafers. This strategic partnership focuses on the co-development and supply of polySiC substrates designed for Soitec's SmartSiC wafers. Tokai Carbon Co. Ltd. is a Japan-based manufacturer of carbon and graphite products.
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
North America was the largest region in the SiC-on-insulator (SiCOI) film market in 2023. 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.
The countries covered in the sic-on-insulator (SiCOI) film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The SiC-on-insulator (SiCOI) film market consists of sales of SiCOI wafers, substrates, and related materials used in the production of high-performance electronic devices, including power transistors, radio frequency devices, sensors, and integrated circuits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
SiC-On-Insulator (SiCOI) Film Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sic-on-insulator (SiCOI) film market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sic-on-insulator (SiCOI) film ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sic-on-insulator (SiCOI) film market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.