 Film Market Overview.webp)
SiC-on-Insulator (SiCOI) Film Market size was USD 47.9 million in 2024 and is estimated to reach USD 194.5 billion by the end of 2037, expanding at a CAGR of 89.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of SiC-on-insulator (SiCOI) film is evaluated at USD 90.7 million.
SiC-on-insulator (SiCOI) films exhibit vast applications in energy-efficient devices, gaming controls, quantum photonics, and optoelectronics. In the coming years, continuous technological advancements are estimated to expand the applications of SiCOI insulator films. These films play several roles in optoelectronic devices including, optoelectronic transistors such as passivation coating and permeation/encapsulation of layers. For instance, the global optoelectronic transistor market is projected to increase at a CAGR of 20.1% through 2036. Considering these statistics, the rise in the demand for optoelectronic transistors is set to have a direct influence on the sales of SiC-on-insulator films.
SiC-on-insulator films effectively incorporate photonic integrated circuits, which leads to the formation of a strong platform that is effectively compatible with complementary metal-oxide semiconductor (CMOS) processing, a fabrication process used to manufacture integrated circuits. Also, SiC-on-insulator films are known for their superior thermal conductivity and ability to operate on high voltages and temperatures, this makes it an ideal component for high-performance products such as power electronics used in printed circuit boards. Thus, the increasing use of CMOS in printed circuit board production is set to positively influence the sales of SiC-on-insulator films in the coming years.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
89.5% |
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Base Year Market Size (2024) |
USD 47.9 million |
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Forecast Year Market Size (2037) |
USD 194.5 billion |
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Regional Scope |
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Application (Power Electronics, Aerospace and Defense, Automotive, Consumer Electronics, Others)
Power electronics segment is set to hold SiC-on-insulator (SiCOI) film market share of more than 31.4% by 2037. SiC-on-insulator films are majorly used in power electronics such as motor drives, converters, and inverters owing to their high thermal conductivity and wide bandgap. SiC-on-insulator films with a wide bandgap of 3.2 eV aid it in operating on high temperature and power levels. SiC-on-insulator film integrated power electronics compared to conventional devices significantly lowers switching losses, which makes it crucial in power converters that manage energy from several sources. Also, in renewable energy technologies such as solar inverters, SiC-on-insulator films maximize energy extraction and lower losses, improving overall system performance.
Wafer Size (100 mm (4-inch) Wafers, 150 mm (6-inch) Wafers, 200 mm (8-inch) Wafers, 300 mm (12-inch) Wafers)
300mm (12-inch) SiC wafers segment in the SiC-on-insulator (SiCOI) film market is poised to register around 94.5% growth till 2037. The high demand for this type of wafers is due to their larger surface area and bigger size, which increases the productivity level. 300mm (12-inch) SiC wafers find applications in the production of transistors and integrated circuits. Also, its bigger size contributes to cost-effectiveness and in the production of complex device design structures. The manufacturers of NAND (Not AND) and DRAM (Dynamic Random Access Memory) flash memory are major users of 300mm (12-inch) SiC wafers as it helps them to maximize their productivity. For instance, in July 2022, STMicroelectronics and GlobalFoundries Inc. collaborated to operate a 300mm wafer manufacturing facility in Crolles, France. This collaboration aims to produce 6,20,000 300mm wafers per year to meet the high demand from the automotive, industrial, and communication sectors.
Our in-depth analysis of the global market includes the following segments:
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Substrate |
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Wafer Size |
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Technology |
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Application |
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North America Market Forecast
North America SiC-on-insulator (SiCOI) film market is predicted to hold revenue share of more than 45.5% by 2037. The rapidly expanding aerospace and automotive sectors are swiftly fuelling the demand for SiC-on-insulator films. The increasing investments in research and development activities by key market players and supportive government policies encouraging the production of advanced power systems are further contributing to the overall market growth.
In the U.S., the local government is investing substantially in advancing the semiconductors and aerospace sector, which is expected to positively influence the demand for advanced SiC-on-insulator films. These SiCOI films are used in these sectors to increase the overall performance of the final products. For instance, the U.S. Department of Commerce reveals that the central government (Biden-Harris Administration) invested around USD 1.6 billion to establish and boost the domestic production of semiconductor advanced packaging. Furthermore, aerospace component manufacturers are actively planning to expand their manufacturing facilities by making high-investment decisions. Such moves by these firms would directly augment the demand for SiC-on-insulator films in the coming years. For instance, GE Aerospace announced its plan to invest over USD 650 million in its production units and supply chain during 2024.
Canada is also showcasing a positive contribution to the SiC-on-insulator (SiCOI) film market growth owing to expanding activities in telecommunications. For instance, the Canadian Telecommunications Association revealed that the Canada telecommunication sector invested USD 11.4 billion in capital expenditures in 2023 to enhance connectivity in the country.
Asia Pacific Market Statistics
The SiC-on-insulator (SiCOI) film market in Asia Pacific is expected to expand at a fast pace during the projected period. The expanding semiconductor manufacturing activities, advancements in fabrication and wafer technology, and swiftly developing telecommunications sector are expected to open lucrative opportunities for SiCOI film producers in the region. China, India, South Korea, and Japan are some of the high-growth markets in Asia Pacific.
China is one of the major consumers of electronics and the rapid advancements in chip and semiconductor technologies are contributing to the high adoption of SiCOI films. To enhance the semiconductor manufacturing sector the Government of China is investing over USD 150 billion from 2014 through 2030.
India’s fastest-expanding electronics system design and manufacturing and telecommunications sectors are pushing the adoption of advanced power materials including SiC-on-insulator films. According to the India Brand Equity Foundation, under the scheme for the promotion of the manufacturing of electronic components and semiconductors, the government invested around USD 1.06 billion.
 Film Market share.webp)
Leading companies in the SiC-on-insulator (SiCOI) film market are focused on the production of technologically advanced solutions. To enhance their product offerings, they are also collaborating with other players and research firms. The increasing investments in research and development activities are set to expand the application areas for SiC-on-insulator (SiCOI) films in the coming years. Apart from this, they are also employing strategies such as regional expansion and mergers & acquisitions to maximize their profit shares.
Some of the key players include:
Author Credits: Rajrani Baghel
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