SiC-on-Insulator (SiCOI) Film Market Analysis

 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: