The Asia Pacific Silicon Carbide Semiconductor Devices Market would witness market growth of 20.7% CAGR during the forecast period (2022-2028).
In several crucial applications, silicon carbide (SiC) semiconductors process electricity more effectively than conventional semiconductors. The enhanced battery control made possible by SiC semiconductors helps preserve energy, substantially extending the range of EVs. For this reason, the emerging technology is of special interest to makers of electric vehicles.
Additionally, SiC semiconductors are also appropriate for 5G technologies nowadays. The ultra-fast network requires a lot of performance and power, notably from the infrastructure's transmitting stations. Therefore, manufacturers may adopt silicon carbide semiconductors to recharge cell phones more quickly in the coming years.
The Indian Electronics and Semiconductor Association projects that the country's semiconductor component sector will become significant by 2025. The nation is a popular choice for international R&D facilities. Therefore, developments in the semiconductor business are anticipated due to the government's continued Make in India push. Additionally, the region is a manufacturing center for electronics, producing millions of electronic products annually for local use and export to other nations. India's electric car industry is also expanding due to the government's ambitious objectives and activities. Over the past few years, public authorities in the nation have made several policy statements about electric vehicles, demonstrating a strong commitment, taking practical action, and having a significant desire to promote electric vehicles in the nation. All these factors propel the growth of the regional silicon carbide semiconductor devices market.
The China market dominated the Asia Pacific Silicon Carbide Semiconductor Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $539 Million by 2028.The Japan market is estimated to grow a CAGR of 19.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 21.4% during (2022 - 2028).
Based on Product, the market is segmented into Power Semiconductors, Optoelectronic Devices and Frequency Devices. Based on End Use, the market is segmented into Automotive, Energy & Power, Aerospace & Defense, Medical Devices, Data & Communication Devices, Consumer Electronics and Others. Based on Wafer Size, the market is segmented into 1 inch to 4 inches, 6 inches, 8 inches and 10 inches & above. Based on Component, the market is segmented into Power Modules, FET/MOSFET Transistors, Schottky Diodes, Integrated Circuits, Rectifiers/Diodes and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Silicon Carbide Semiconductor Devices Market is Projected to reach USD 5.2 Billion by 2028, at a CAGR of 20.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.), Infineon Technologies AG, ROHM Co., Ltd., STMicroelectronics N.V., ON Semiconductor Corporation, FUJI ELECTRIC CO., LTD., TT Electronics plc., Mitsubishi Electric Corporation, Toshiba Corporation, and Wolfspeed, Inc.
By Product
By End Use
By Wafer Size
By Component
By Country
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