According to our (Global Info Research) latest study, the global Silicon Carbide (SiC) Ics market size was valued at US$ 4974 million in 2024 and is forecast to a readjusted size of USD 18360 million by 2031 with a CAGR of 19.9% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Silicon Carbide (SiC) integrated circuits (ICs) are advanced semiconductor devices that leverage SiC's wide bandgap properties to deliver superior performance in high-power and high-frequency applications. Compared to traditional silicon-based ICs, SiC ICs offer higher breakdown voltage, faster switching speeds, and better thermal conductivity. These characteristics make them ideal for demanding applications such as electric vehicles (EVs), renewable energy systems, industrial motor drives, and high-voltage direct current (HVDC) transmission systems. SiC ICs are available in various forms, including MOSFETs, Schottky diodes, and power modules, catering to a wide range of power conversion needs.
The global SiC semiconductor market is experiencing rapid growth, driven by the increasing demand for energy-efficient and high-performance power electronics. According to market research, the SiC semiconductor industry is projected to grow significantly in the coming years, fueled by the expansion of EVs, renewable energy installations, and advancements in power electronics. Technological innovations, including the development of larger SiC wafers (transitioning from 6-inch to 8-inch), improved packaging techniques, and integration with AI and IoT for smart power management, are enhancing device performance and reducing costs. As industries continue to prioritize energy efficiency and sustainability, SiC ICs are poised to play a pivotal role in the evolution of next-generation power systems across various sectors.
This report is a detailed and comprehensive analysis for global Silicon Carbide (SiC) Ics market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Silicon Carbide (SiC) Ics market size and forecasts, in consumption value ($ Million), sales quantity (K Pieces), and average selling prices (US$/Piece), 2020-2031
Global Silicon Carbide (SiC) Ics market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Pieces), and average selling prices (US$/Piece), 2020-2031
Global Silicon Carbide (SiC) Ics market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Pieces), and average selling prices (US$/Piece), 2020-2031
Global Silicon Carbide (SiC) Ics market shares of main players, shipments in revenue ($ Million), sales quantity (K Pieces), and ASP (US$/Piece), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Silicon Carbide (SiC) Ics
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Silicon Carbide (SiC) Ics market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include STMicroelectronics, Infineon, Wolfspeed, Rohm, onsemi, BYD Semiconductor, Microchip (Microsemi), Mitsubishi Electric (Vincotech), Semikron Danfoss, Fuji Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Silicon Carbide (SiC) Ics market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
600V & 650V
1200V
1700V
Market segment by Application
Automotive & EV/HEV
EV Charging
Industrial Motor/Drive
PV, Energy Storage, Wind Power
UPS, Data Center & Server
Rail Transport
Others
Major players covered
STMicroelectronics
Infineon
Wolfspeed
Rohm
onsemi
BYD Semiconductor
Microchip (Microsemi)
Mitsubishi Electric (Vincotech)
Semikron Danfoss
Fuji Electric
Navitas (GeneSiC)
Toshiba
Qorvo (UnitedSiC)
San'an Optoelectronics
Littelfuse (IXYS)
CETC 55
WeEn Semiconductors
BASiC Semiconductor
SemiQ
Diodes Incorporated
SanRex
Alpha & Omega Semiconductor
Bosch
KEC Corporation
PANJIT Group
Nexperia
Vishay Intertechnology
Zhuzhou CRRC Times Electric
China Resources Microelectronics Limited
StarPower
Yangzhou Yangjie Electronic Technology
Guangdong AccoPower Semiconductor
Changzhou Galaxy Century Microelectronics
Hangzhou Silan Microelectronics
Cissoid
SK powertech
InventChip Technology
Hebei Sinopack Electronic Technology
Oriental Semiconductor
Jilin Sino-Microelectronics
PN Junction Semiconductor (Hangzhou)
United Nova Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Silicon Carbide (SiC) Ics product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Silicon Carbide (SiC) Ics, with price, sales quantity, revenue, and global market share of Silicon Carbide (SiC) Ics from 2020 to 2025.
Chapter 3, the Silicon Carbide (SiC) Ics competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Silicon Carbide (SiC) Ics breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Silicon Carbide (SiC) Ics market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Silicon Carbide (SiC) Ics.
Chapter 14 and 15, to describe Silicon Carbide (SiC) Ics sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Silicon Carbide (SiC) Ics. Industry analysis & Market Report on Silicon Carbide (SiC) Ics is a syndicated market report, published as Global Silicon Carbide (SiC) Ics Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Silicon Carbide (SiC) Ics market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.