(PharmaNewsWire.Com, April 27, 2024 ) The SiC-on-insulator Film Market size is projected to reach USD 1,134 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% from 2024 to 2029. Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are some of the major factors contributing to the market growth.
SiCOI films find wide-ranging applications in power electronics, radio frequency (RF) and microwave devices, optoelectronics, and high-temperature electronics, catering to industries such as electric vehicles, renewable energy, communications, and industrial automation. The growing demand for energy-efficient, high-performance, and reliable power electronics and the increasing adoption of wide-bandgap semiconductor technologies are driving the global SiC-on-Insulator (SiCOI) film mark. Key factors shaping the market's growth include government initiatives, investment in research and development, and the expansion of end-use applications across various sectors. The market for SiC-on-insulator (SiCOI) film is highly consolidated with the presence of limited number of market players.
SOITEC Smart Cut technology represents a groundbreaking advancement in substrate engineering, enabling unprecedented control over the thickness and composition of each wafer layer to meet specific technological demands. SOITEC has started leveraging its Smart Cut technology to produce SmartSiC substrates, targeting the booming demand for SiC in EVs, a key component in the EU’s decarbonization strategy. The increasing demand for SOITEC's Smart Cut technology, highlights the rising importance of this innovative approach in shaping the future of the SiC-on-Insulator (SiCOI) film market as the industry continues to shift toward high-performance, wide-bandgap semiconductor solutions.
200 mm SiC-on-Insulator (SiCOI) film market is set for rapid growth, fueled by the rising demand for SiCOI-based devices in the electric vehicle (EV) and renewable energy sectors. As the largest size available for SiCOI films, the 200 mm variant is starting mass production, highlighted by a pivotal agreement between SOITEC and STMicroelectronics. This shift to larger-scale production aims to lower costs and expand access to advanced technologies. Further, the transition to EVs, which require efficient, high-powered electronics, is boosting the demand for 200 mm SiCOI films. SOITEC is manufacturing essential components for EVs and renewable energy, leading this growth to a major move toward wider mass production in the semiconductor field.
Key Market Players:
The players in the SiC-on-Insulator (SiCOI) film market have opted for several organic and inorganic growth strategies to strengthen their position in the market. Market players include SOITEC (France), SICOXS CORPORATION (Japan), NGK INSULATORS, LTD. (Japan), iSABers Materials (China), and MTI Corporation (US). These companies have extensively used organic growth strategies such as product launches and expansions and inorganic growth strategies like partnerships, agreements, collaborations, contracts, acquisitions, and cooperations to strengthen their position in the market.
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