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Silicon Carbide (SiC) Market worth $12.03 billion by 2030 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

07 Oct, 2025, 14:15 GMT

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DELRAY BEACH, Fla., Oct. 7, 2025 /PRNewswire/ -- The silicon carbide (SiC) market is projected to reach USD 12.03 billion by 2030, from USD 3.83 billion in 2025, at a CAGR of 25.7% according to a new report by MarketsandMarkets™. Key drivers fueling the growth of the silicon carbide (SiC) market include the increasing deployment of SiC devices in electric vehicles (EVs), the rising demand for high-efficiency power electronics across industrial and energy applications, and the expanding integration of SiC in renewable energy systems such as solar and wind. These factors collectively accelerate the adoption of SiC technology across various end-use industries. Additionally, the growing use of SiC devices in telecommunications infrastructure, ongoing advancements in substrate quality and epitaxy processes, and strong government-backed initiatives and investments provide significant opportunities for market participants. These opportunities are expected to drive innovation, expand manufacturing capacity, and foster strategic collaborations among key industry stakeholders.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=439

Browse in-depth TOC on ' Silicon Carbide (SiC) Market'  
150 – Tables
65 – Figures
250 – Pages

Silicon Carbide (SiC) Market Scope:

Report Coverage

Details

Market Revenue in 2025

$ 3.83 billion

Estimated Value by 2030

$ 12.03 billion

Growth Rate

Poised to grow at a CAGR of 25.7%

Market Size Available for

2021–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By SiC Discrete Device, SiC Module, Voltage Range, Medium and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Material defects and designing and packaging issues in SiC devices

Key Market Opportunities

Growing adoption of SiC devices in telecommunications industry

Key Market Drivers

Growing deployment of SiC devices in electric vehicles

Low (1,200 V to 1,700 V) voltage range to account for second fastest-growing segment in silicon carbide (SiC) market

The low-voltage range of 1,200 V to 1,700 V is expected to record the second-fastest growth rate in the silicon carbide (SiC) market. This segment plays a crucial role in applications that require compact, efficient, and cost-effective power management solutions. A key driver is the rapid electrification of passenger vehicles, where SiC devices in this range are widely used for onboard chargers, traction inverters, and DC-DC converters. Additionally, the expansion of fast-charging infrastructure for electric mobility strongly supports demand in this voltage segment. Beyond the automotive industry, sectors such as telecommunications and consumer electronics are adopting SiC devices in this voltage range to enhance efficiency in servers, data centers, and high-performance computing systems. The ability of SiC devices in this category to deliver faster switching speeds, lower conduction losses, and high-temperature resilience makes them highly attractive compared to traditional silicon solutions. As manufacturing costs gradually decrease and economies of scale improve, adoption across mid-range voltage applications is expected to accelerate. Together, these trends are positioning the 1,200 V to 1,700 V voltage range as the second fastest-growing segment within the global SiC market.

Industrial vertical to account for second-largest share of the silicon carbide (SiC) market

The industrial vertical is projected to account for the second largest share of the silicon carbide (SiC) market, driven by the need for energy efficiency, automation, and sustainable power solutions. Industries are increasingly adopting SiC devices in applications such as motor drives, robotics, heavy machinery, and factory automation systems. SiC modules and MOSFETs offer higher efficiency, lower switching losses, and improved thermal management compared to silicon, making them ideal for environments where continuous, high-performance operation is crucial. In particular, industrial motor control and automation processes benefit from SiC's ability to reduce energy consumption and minimize downtime. The integration of renewable power into industrial facilities, including solar and wind systems, also increases demand for SiC-based converters and inverters. The growing focus on smart factories and Industry 4.0 further accelerates adoption as companies seek compact and reliable power electronics to support digitalized, high-output production systems. With sustainability regulations and energy cost optimization becoming central to industrial strategies, the vertical is poised to maintain strong demand. This positions the industrial sector as a critical pillar of SiC adoption, second only to the automotive segment in overall market share.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=439

Asia Pacific to account for largest share of the silicon carbide (SiC) market

Asia Pacific is expected to dominate the global silicon carbide (SiC) industry, holding the largest share during the forecast period. The region is home to a strong ecosystem of semiconductor manufacturing, electric vehicle production, and renewable energy deployment, which are the primary drivers of SiC adoption. China, Japan, and South Korea are leading the way, with major automakers and energy companies integrating SiC devices into EV powertrains, charging stations, and solar inverters. India is also emerging as a growth hub, with rising demand for electrification and renewable energy projects supported by government initiatives. Asia Pacific's extensive investments in 6-inch and 8-inch wafer production, along with regional supply chain development, are enhancing the scalability and cost competitiveness of SiC technologies. Furthermore, the rapid expansion of data centers and 5G infrastructure across the region is boosting demand for SiC devices in telecommunications and IT sectors. With its large consumer base, advanced manufacturing capabilities, and strong regulatory support for clean energy and electric mobility, Asia Pacific is positioned to remain the largest and most dynamic market for SiC adoption globally.

The report profiles key players in silicon carbide (SiC) companies, including STMicroelectronics (Switzerland), Semiconductor Components Industries, LLC (US), Infineon Technologies AG (Germany), Wolfspeed, Inc. (US), and ROHM Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan), Toshiba Electronic Devices & Storage Corporation (Japan), Microchip Technology Inc. (US), Mitsubishi Electric Corporation (Japan), and Robert Bosch GmbH (Germany). These players have employed various organic and inorganic growth strategies, including product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

See More Latest Semiconductor Reports:

Microdisplay Market by Near-to-eye Devices, Head-up Displays, Projectors, Liquid Crystal on Silicon (LCOS), Organic Light Emitting Diode (OLED), Digital Light Processing (DPL), Micro-LED, Medical, Automotive and Education - Global Forecast to 2030

Warehouse Management System (WMS) Market by Offering (Software, Services), Deployment (On-premises, Cloud), Tier (Advanced, Intermediate, Basic), Application (Supply Chain & Logistics Optimization, Asset & Inventory Tracking) - Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/silicon-carbide-electronics-market.asp
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