SiC-on-Insulator (SiCOI) Film Market Share

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.