Global SiC-On-Insulator and Other Substrates Market size and share is currently valued at USD 95.12 million in 2023 and is anticipated to generate an estimated revenue of USD 190.94 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 8.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The SiC-on-insulator and other substrates market is a growing segment within the semiconductor and electronics industries, driven by the increasing demand for high-performance materials. Silicon carbide (SiC)-on-insulator substrates combine the thermal conductivity and electrical properties of SiC with the advantages of insulation, enabling superior performance in high-voltage, high-temperature, and high-frequency applications. Other substrates, such as gallium nitride (GaN) and sapphire, also play crucial roles in powering next-generation technologies across industries like automotive, telecommunications, aerospace, and energy. With the rise of electric vehicles, 5G deployment, and renewable energy systems, these advanced substrates are becoming essential for meeting the evolving demands of modern electronics.
Market’s Growth Drivers
- Rising Demand for Electric Vehicles (EVs):
The shift toward electric mobility has led to an increased need for efficient power electronics, where SiC substrates play a crucial role in improving energy efficiency, reducing heat loss, and enhancing battery performance. - Expansion of Renewable Energy Systems:
Renewable energy applications, including solar inverters and wind turbines, require robust power semiconductor devices. SiC-on-insulator substrates are preferred for their ability to handle high power densities and temperatures. - 5G and Telecommunications Growth:
The rapid deployment of 5G networks and the growing need for high-frequency devices are driving the adoption of substrates like SiC and GaN, which offer superior performance in radio frequency (RF) applications. - Miniaturization of Electronic Devices:
Advanced substrates enable the development of smaller, more efficient components for compact and portable electronic devices, meeting the demand for miniaturized solutions in consumer electronics.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Some of the major players operating in the global market include:
- Ceramicforum Co. Ltd.
- Coherent Corporation
- GlobalWafers Co. Ltd.
- Homray Material Technology
- Precision Micro-optics Inc.
- SICC Co. Ltd.
- SOITEC
- Hebei Synlight Semiconductor Co., Ltd.
- TankeBlue Co. Ltd.
- Wolfspeed Inc.
- Xiamen Powerway Advanced Material Co. Ltd.
- Hitachi Energy
Recent Developments
- GlobalWafers’ Advanced Chip Substrate Production – October 2023
In October 2023, GlobalWafers, a leading manufacturer of silicon wafers, announced plans to commence mass production of an advanced chip substrate by 2025. This initiative aims to meet the growing demand for power semiconductors in the automotive industry, driven by the rise of electric vehicles and advanced driver-assistance systems (ADAS). - Hitachi Energy’s SiC e-Mobility Production Line – May 2023
In May 2023, Hitachi Energy inaugurated a new silicon carbide (SiC) e-Mobility production line in Lenzburg, Switzerland. This facility exemplifies smart manufacturing, featuring a fully automated production line integrated with advanced data systems, a state-of-the-art clean room, and upgraded server infrastructure. - Infineon Technologies’ CIPOS Maxi IPM IM828 Series – December 2020
In December 2020, Infineon Technologies launched the CIPOS Maxi IPM IM828 series, a 1200 V transfer-molded silicon carbide (SiC) integrated power module. Designed for 3-phase AC motors, this series offers a compact inverter solution with superior thermal conduction and a wide range of switching speeds, catering to high-performance industrial and automotive applications.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The SiC-On-Insulator and Other Substrates Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
SiC-On-Insulator and Other Substrates Market, Substrate Type Outlook (Revenue – USD Million, 2019-2032)
- Semi-insulating SiC Substrates
- Conductive SiC Substrates
SiC-On-Insulator and Other Substrates Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Power Devices
- RF Devices
- Micro Electro Mechanical Systems
- Photonic Devices
- Others
The SiC-on-insulator and other substrates market is poised for significant growth as industries demand higher performance, efficiency, and reliability in electronic components. With technological advancements and increasing applications across sectors, these advanced substrates are set to play a pivotal role in shaping the future of power and electronic systems.