Global Silicon Carbide Semiconductor Market Projected to Reach USD 1,015.4 million by 2025, Growing at a CAGR of 16.9% from 2018 to 2025

Boonton, NJ -- (SBWire) -- 10/16/2018 --Global Silicon Carbide Semiconductor Market Analysis

According to Verified Market Intelligence, the Global Silicon Carbide Semiconductor Market was valued at USD 290.2 million in 2017 and is projected to reach USD 1,015.4 million by 2025, growing at a CAGR of 16.9% from 2018 to 2025.

What is Silicon Carbide Semiconductor?

With growing semiconductor industry, the introduction of silicone carbide semiconductors is booming the consumer electronics market. It has a set of wide variety of applications in industrial, medical, defense & aerospace and communication industries. Silicon carbide semiconductors also known as carborundum is an extremely rare mineral moissanite. On the basis of product, the Global Silicon Carbide Semiconductor Market is segmented into SiC MOSFET, SIC Schottky Diode and SiC Hybrid Modules. Increasing demand for power electronics boosts the growth of silicon carbide semiconductor market.

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Global Silicon Carbide Semiconductor Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing demand in renewable energy applications and its uses in hybrid vehicles has been driving the global silicon carbide semiconductor market. Apart from this, issues in packaging silicon carbide semiconductor devices might hamper the overall growth rate of the market at a global status.

Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Silicon Carbide Semiconductor Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Silicon Carbide Semiconductor Market Competitive Landscape

The "Global Silicon Carbide Semiconductor Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as STMicroelectronics, Infineon Technologies, Microsemi, ROHM Semiconductor, Fuji Electric, Mitsubishi Electric Corporation, Hitachi Power Semiconductor Device Ltd, GeneSiC Semiconductor Inc, Semikron, Wolfspeed, Global Power Technologies Group and TT Electronics. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

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Global Silicon Carbide Semiconductor Market Segmentation, by Product

On the basis of product, Global Silicon Carbide Semiconductor Market is categorized into:

SiC MOSFET
SiC Schottky Diode
SiC Hybrid Modules
Others

SiC Schottky diodes dominated the market in 2017. The demand for SiC Hybrid Modules is expected to grow at the highest CAGR over the forecast period.

Global Silicon Carbide Semiconductor Market Segmentation, by Application

On the basis of application, Global Silicon Carbide Semiconductor Market is segmented into:

Industrial
Medical
Aerospace and Defense
Communication
Other

Applications of silicon carbide semiconductor in industrial sector held the largest share in 2017. This segment is projected to witness the highest growth from 2018 to 2025.

Global Silicon Carbide Semiconductor Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

Table Of Content

1 Introduction Of The Global Silicon Carbide Semiconductor
2 Executive Summary
3 Research Methodology Of Verified Market Intelligence
4 The Global Silicon Carbide Semiconductor Outlook
5 The Global Silicon Carbide Semiconductor, By Systems
6 The Global Silicon Carbide Semiconductor, By Service
7 The Global Silicon Carbide Semiconductor, By Verticals
8 The Global Silicon Carbide Semiconductor, By Applications
9 The Global Silicon Carbide Semiconductor, By Geography
10 The Global Silicon Carbide Semiconductor Competitive Landscape

Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Silicon Carbide Semiconductor market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Silicon Carbide Semiconductor market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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