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Silicon Carbide Market Share

Report ID: GMI6019
Published Date: Aug 2024
Report Format: PDF

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Silicon Carbide Market Share

ROHM Co., Ltd. and STMicroelectronics N.V. collectively held a significant share of the silicon carbide industry in 2023. ROHM Co., Ltd., a leading Japanese semiconductor manufacturer, has made significant strides in the silicon carbide (SiC) market with its introduction of the EcoSiC brand. This move reflects ROHM's commitment to advancing SiC technology and addressing the growing demand for high-performance power semiconductors.

STMicroelectronics N.V. is a prominent player in the Silicon Carbide (SiC) market, known for its significant contributions to the development and commercialization of SiC technology. Headquartered in Geneva, Switzerland, STMicroelectronics is a global semiconductor leader, providing a wide range of products and solutions for various industries, including automotive, industrial, and consumer electronics.

Silicon Carbide Market Companies

Major players operating in the silicon carbide industry are:

ROHM Co., Ltd.
STMicroelectronics N.V.
Infineon Technologies AG
ON Semiconductor Corporation
GeneSiC Semiconductor Inc.
Microsemi Corporation
General Electric Company (GE Aviation)

Authors: Suraj Gujar , Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for silicon carbide was worth USD 3.1 billion in 2023 and will expand at 30% CAGR between 2024 and 2032, owing to its superior thermal conductivity, high breakdown voltage, and efficiency in power electronics.

The black silicon carbide industry will reach over USD 15 billion by 2032, fueled by its widespread use in abrasives and refractory applications.

North America industry size achieved USD 10 billion in 2023 due to its advanced technological infrastructure and significant investments in semiconductor and power electronics sectors.

Key companies operating in the market are ROHM Co., Ltd., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor Corporation, GeneSiC Semiconductor Inc., Microsemi Corporation, and General Electric Company (GE Aviation), among others.