CHICAGO, April 24, 2024 /PRNewswire/ --
The SiC-on-insulator (SiCOI) film market is projected to
reach USD 1,134 million by 2029 from
USD 37 million in 2024, at a CAGR of
98.1% from 2024 to 2029 according to a new report by
MarketsandMarkets™. Increasing demand for high-power
electronics across various industries, the growing emphasis on
energy efficiency and sustainability, and expanding
telecommunication and data communication networks are some major
factors driving the growth of the SiC-on-Insulator (SiCOI) film
market. Moreover, Industry collaborations, involving SiCCOI film
manufacturers, and power device manufacturers, fuel market
expansion, driving innovation and advancing the overall immersive
technology ecosystem.
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Browse in-depth TOC on "SiC-on-Insulator (SiCOI) Film
Market"
100 – Tables
60 – Figures
183 – Pages
SiC-on-Insulator (SiCOI) Film Market
Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 37 million
|
Estimated Value by
2029
|
$ 1,134 million
|
Growth Rate
|
Poised to grow at a
CAGR of 98.1%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Substrate Material,
Wafer Size, Technology Route and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Lack of advancements in
manufacturing processes and quality control measures
|
Key Market
Opportunities
|
Advancements in power
electronics
|
Key Market
Drivers
|
Increasing demand for
high-power electronics due to growing adoption of EVs
|
Smart Cut technology to dominate the SiC-on-Insulator
(SiCOI) film market from 2024 to 2029.
SOITEC Smart Cut technology represents a significant
breakthrough in substrate engineering, providing unprecedented
control over the thickness and composition of each wafer layer to
meet specific technological demands. Beyond its technical merits,
the scalability and industrial applicability of the Smart Cut
technology distinguish it, with the technology currently in use at
several manufacturing sites for high-volume production. Its
compatibility with standard semiconductor-processing tools and
adaptability to different wafer sizes offer manufacturers
considerable flexibility in device fabrication, and SOITEC has
started leveraging this technology to produce SmartSiC substrates,
targeting the booming demand for SiC in electric vehicles as a key
component in the EU's decarbonization strategy, as SiC enhances EVs
by increasing power density and reducing size, weight, and
cost.
150 mm films to register highest CAGR in the SiC-on-Insulator
(SiCOI) film market during forecast period.
150 mm (6-inch) SiCOI film segment is experiencing rapid growth,
driven by the increasing adoption of SiC in power electronics and
other applications. SOITEC, a global leader in engineered
substrates, is a key player in the 150 mm SiC-on-Insulator (SiCOI)
film market, offering advanced solutions for power electronics in
EVs, renewable energy systems, and industrial applications.
Moreover, as a leading manufacturer, SOITEC employs its proprietary
Smart Cut process to create these 150 mm SiCOI films, catering to
the surging demand. With such innovative manufacturing techniques,
the SiC-on-Insulator (SiCOI) film market is expected to grow
considerably, with investments ramping up in production and supply
chain capabilities to fulfill the increasing industry needs.
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Europe accounted for the
second largest share of the market in 2023.
The SiC-on-Insulator (SiCOI) film industry in Europe is poised for substantial growth,
driven by the continent's dedication to sustainability,
advancements in renewable energy, and the automotive sector's shift
toward electrification. Supporting this trajectory are initiatives
from European governments and the wide-reaching influence which
have launched programs and policies aimed at nurturing the
development of bandgap semiconductor technologies, including those
based on Silicon Carbide (SiC). A key example of this support is
the Important Projects of Common European Interest (IPCEI)
initiative, which has channeled significant resources into
bolstering the SiC ecosystem across Europe. This initiative underscores
Europe's commitment to leading in
the semiconductor technology space, specifically in areas critical
to the continent's green and digital transitions.
Key Players
Collaborations between SiC-on-Insulator (SiCOI) film companies
players, and power device manufacturers, along with the presence of
major global company like SOITEC (France) contribute to the region's leadership
in the global SiC-on-Insulator (SiCOI) film market.
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