The North America Silicon Carbide Semiconductor Devices Market would witness market growth of 19.6% CAGR during the forecast period (2022-2028).
In many information technology systems that run at voltages under 600 V, silicon-based power electronics are increasingly used for power management. Design engineers require high-performance, high-reliability MOSFET devices to meet the high efficiency and power density requirements demanded by modern IT and telecom applications.
Silicon carbide diodes are used in high-end power supplies for telecom and server systems, although silicon carbide MOSFETs remain in the initial stages of commercial penetration. The efficiency of the server power sources has been pushed to ever-higher levels with minimal heat loss. Today's hyperscale data centers power the big data, digital economy, artificial intelligence (AI), and IoT with over 30KW server racks and incredibly sophisticated cooling control systems.
Due to their outstanding material characteristics, silicon carbide semiconductors have become the most promising for next-generation low-cost semiconductors. In addition, the market is expanding due to the rising use of SiC semiconductor devices in numerous power electronics and the broad range of uses for these components in the infrastructure for charging electric vehicles.
In Canada, the federal and provincial governments are assisting the private sector in progress in national electric vehicle battery production in light of the nation's goal of becoming carbon neutral by 2050. This support includes $12 billion in funding from provincial funding of clean technologies and the federal budget's Green Infrastructure Stream. Significant commercial prospects exist in the Canadian market for providers of relevant systems, machinery, and parts for brand-new EV and EV battery manufacturing facilities. The governments of the United States and Canada are both actively promoting the growth of this sector. As a result of the government's intensified efforts to promote the adoption and production of electric vehicles in the region, the regional silicon carbide semiconductors devices market is flourishing.
The US market dominated the North America 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 $1,072 Million by 2028.The Canada market is poised to grow at a CAGR of 22.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 21.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Silicon Carbide Semiconductor Devices Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Power Semiconductors
- Optoelectronic Devices
- Frequency Devices
By End Use
- Automotive
- Energy & Power
- Aerospace & Defense
- Medical Devices
- Data & Communication Devices
- Consumer Electronics
- Others
By Wafer Size
- 1 inch to 4 inches
- 6 inches
- 8 inches
- 10 inches & above
By Component
- Power Modules
- FET/MOSFET Transistors
- Schottky Diodes
- Integrated Circuits
- Rectifiers/Diodes
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Wolfspeed, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Silicon Carbide Semiconductor Devices Market, by Product
1.4.2 North America Silicon Carbide Semiconductor Devices Market, by End Use
1.4.3 North America Silicon Carbide Semiconductor Devices Market, by Wafer Size
1.4.4 North America Silicon Carbide Semiconductor Devices Market, by Component
1.4.5 North America Silicon Carbide Semiconductor Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2022, Jul – 2023, Jan) Leading Players
Chapter 4. North America Silicon Carbide Semiconductor Devices Market by Product
4.1 North America Power Semiconductors Market by Country
4.2 North America Optoelectronic Devices Market by Country
4.3 North America Frequency Devices Market by Country
Chapter 5. North America Silicon Carbide Semiconductor Devices Market by End-use
5.1 North America Automotive Market by Country
5.2 North America Energy & Power Market by Country
5.3 North America Aerospace & Defense Market by Country
5.4 North America Medical Devices Market by Country
5.5 North America Data & Communication Devices Market by Country
5.6 North America Consumer Electronics Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Silicon Carbide Semiconductor Devices Market by Wafer Size
6.1 North America 1 inch to 4 inches Market by Country
6.2 North America 6 inches Market by Country
6.3 North America 8 inches Market by Country
6.4 North America 10 inches & above Market by Country
Chapter 7. North America Silicon Carbide Semiconductor Devices Market by Component
7.1 North America Power Modules Market by Country
7.2 North America FET/MOSFET Transistors Market by Country
7.3 North America Schottky Diodes Market by Country
7.4 North America Integrated Circuits Market by Country
7.5 North America Rectifiers/Diodes Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Silicon Carbide Semiconductor Devices Market by Country
8.1 US Silicon Carbide Semiconductor Devices Market
8.1.1 US Silicon Carbide Semiconductor Devices Market by Product
8.1.2 US Silicon Carbide Semiconductor Devices Market by End-use
8.1.3 US Silicon Carbide Semiconductor Devices Market by Wafer Size
8.1.4 US Silicon Carbide Semiconductor Devices Market by Component
8.2 Canada Silicon Carbide Semiconductor Devices Market
8.2.1 Canada Silicon Carbide Semiconductor Devices Market by Product
8.2.2 Canada Silicon Carbide Semiconductor Devices Market by End-use
8.2.3 Canada Silicon Carbide Semiconductor Devices Market by Wafer Size
8.2.4 Canada Silicon Carbide Semiconductor Devices Market by Component
8.3 Mexico Silicon Carbide Semiconductor Devices Market
8.3.1 Mexico Silicon Carbide Semiconductor Devices Market by Product
8.3.2 Mexico Silicon Carbide Semiconductor Devices Market by End-use
8.3.3 Mexico Silicon Carbide Semiconductor Devices Market by Wafer Size
8.3.4 Mexico Silicon Carbide Semiconductor Devices Market by Component
8.4 Rest of North America Silicon Carbide Semiconductor Devices Market
8.4.1 Rest of North America Silicon Carbide Semiconductor Devices Market by Product
8.4.2 Rest of North America Silicon Carbide Semiconductor Devices Market by End-use
8.4.3 Rest of North America Silicon Carbide Semiconductor Devices Market by Wafer Size
8.4.4 Rest of North America Silicon Carbide Semiconductor Devices Market by Component
Chapter 9. Company Profiles
9.1 Toshiba Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 SWOT Analysis
9.2 Infineon Technologies AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.3 Allegro Microsystems, Inc. (Sanken Electric Co., Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.4 Wolfspeed, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Geographical Expansions:
9.5 Rohm Co., Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 TT Electronics PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional & Segmental Analysis
9.6.4 Research & Development Expenses
9.7 STMicroelectronics N.V.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 ON Semiconductor Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisition and Mergers:
9.8.5.2 Geographical Expansions:
9.9 Fuji Electric Co. Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.10. Mitsubishi Electric Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Acquisition and Mergers:
TABLE 1 North America Silicon Carbide Semiconductor Devices Market, 2018 - 2021, USD Million
TABLE 2 North America Silicon Carbide Semiconductor Devices Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Silicon Carbide Semiconductor Devices Market
TABLE 4 Product Launches And Product Expansions– Silicon Carbide Semiconductor Devices Market
TABLE 5 Acquisition and Mergers– Silicon Carbide Semiconductor Devices Market
TABLE 6 Geographical expansions – Silicon Carbide Semiconductor Devices Market
TABLE 7 North America Silicon Carbide Semiconductor Devices Market by Product, 2018 - 2021, USD Million
TABLE 8 North America Silicon Carbide Semiconductor Devices Market by Product, 2022 - 2028, USD Million
TABLE 9 North America Power Semiconductors Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Power Semiconductors Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Optoelectronic Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Optoelectronic Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Frequency Devices Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Frequency Devices Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Silicon Carbide Semiconductor Devices Market by End-use, 2018 - 2021, USD Million
TABLE 16 North America Silicon Carbide Semiconductor Devices Market by End-use, 2022 - 2028, USD Million
TABLE 17 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Medical Devices Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Medical Devices Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Data & Communication Devices Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Data & Communication Devices Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Silicon Carbide Semiconductor Devices Market by Wafer Size, 2018 - 2021, USD Million
TABLE 32 North America Silicon Carbide Semiconductor Devices Market by Wafer Size, 2022 - 2028, USD Million
TABLE 33 North America 1 inch to 4 inches Market by Country, 2018 - 2021, USD Million
TABLE 34 North America 1 inch to 4 inches Market by Country, 2022 - 2028, USD Million
TABLE 35 North America 6 inches Market by Country, 2018 - 2021, USD Million
TABLE 36 North America 6 inches Market by Country, 2022 - 2028, USD Million
TABLE 37 North America 8 inches Market by Country, 2018 - 2021, USD Million
TABLE 38 North America 8 inches Market by Country, 2022 - 2028, USD Million
TABLE 39 North America 10 inches & above Market by Country, 2018 - 2021, USD Million
TABLE 40 North America 10 inches & above Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Silicon Carbide Semiconductor Devices Market by Component, 2018 - 2021, USD Million
TABLE 42 North America Silicon Carbide Semiconductor Devices Market by Component, 2022 - 2028, USD Million
TABLE 43 North America Power Modules Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Power Modules Market by Country, 2022 - 2028, USD Million
TABLE 45 North America FET/MOSFET Transistors Market by Country, 2018 - 2021, USD Million
TABLE 46 North America FET/MOSFET Transistors Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Schottky Diodes Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Schottky Diodes Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Integrated Circuits Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Integrated Circuits Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Rectifiers/Diodes Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Rectifiers/Diodes Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Silicon Carbide Semiconductor Devices Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Silicon Carbide Semiconductor Devices Market by Country, 2022 - 2028, USD Million
TABLE 57 US Silicon Carbide Semiconductor Devices Market, 2018 - 2021, USD Million
TABLE 58 US Silicon Carbide Semiconductor Devices Market, 2022 - 2028, USD Million
TABLE 59 US Silicon Carbide Semiconductor Devices Market by Product, 2018 - 2021, USD Million
TABLE 60 US Silicon Carbide Semiconductor Devices Market by Product, 2022 - 2028, USD Million
TABLE 61 US Silicon Carbide Semiconductor Devices Market by End-use, 2018 - 2021, USD Million
TABLE 62 US Silicon Carbide Semiconductor Devices Market by End-use, 2022 - 2028, USD Million
TABLE 63 US Silicon Carbide Semiconductor Devices Market by Wafer Size, 2018 - 2021, USD Million
TABLE 64 US Silicon Carbide Semiconductor Devices Market by Wafer Size, 2022 - 2028, USD Million
TABLE 65 US Silicon Carbide Semiconductor Devices Market by Component, 2018 - 2021, USD Million
TABLE 66 US Silicon Carbide Semiconductor Devices Market by Component, 2022 - 2028, USD Million
TABLE 67 Canada Silicon Carbide Semiconductor Devices Market, 2018 - 2021, USD Million
TABLE 68 Canada Silicon Carbide Semiconductor Devices Market, 2022 - 2028, USD Million
TABLE 69 Canada Silicon Carbide Semiconductor Devices Market by Product, 2018 - 2021, USD Million
TABLE 70 Canada Silicon Carbide Semiconductor Devices Market by Product, 2022 - 2028, USD Million
TABLE 71 Canada Silicon Carbide Semiconductor Devices Market by End-use, 2018 - 2021, USD Million
TABLE 72 Canada Silicon Carbide Semiconductor Devices Market by End-use, 2022 - 2028, USD Million
TABLE 73 Canada Silicon Carbide Semiconductor Devices Market by Wafer Size, 2018 - 2021, USD Million
TABLE 74 Canada Silicon Carbide Semiconductor Devices Market by Wafer Size, 2022 - 2028, USD Million
TABLE 75 Canada Silicon Carbide Semiconductor Devices Market by Component, 2018 - 2021, USD Million
TABLE 76 Canada Silicon Carbide Semiconductor Devices Market by Component, 2022 - 2028, USD Million
TABLE 77 Mexico Silicon Carbide Semiconductor Devices Market, 2018 - 2021, USD Million
TABLE 78 Mexico Silicon Carbide Semiconductor Devices Market, 2022 - 2028, USD Million
TABLE 79 Mexico Silicon Carbide Semiconductor Devices Market by Product, 2018 - 2021, USD Million
TABLE 80 Mexico Silicon Carbide Semiconductor Devices Market by Product, 2022 - 2028, USD Million
TABLE 81 Mexico Silicon Carbide Semiconductor Devices Market by End-use, 2018 - 2021, USD Million
TABLE 82 Mexico Silicon Carbide Semiconductor Devices Market by End-use, 2022 - 2028, USD Million
TABLE 83 Mexico Silicon Carbide Semiconductor Devices Market by Wafer Size, 2018 - 2021, USD Million
TABLE 84 Mexico Silicon Carbide Semiconductor Devices Market by Wafer Size, 2022 - 2028, USD Million
TABLE 85 Mexico Silicon Carbide Semiconductor Devices Market by Component, 2018 - 2021, USD Million
TABLE 86 Mexico Silicon Carbide Semiconductor Devices Market by Component, 2022 - 2028, USD Million
TABLE 87 Rest of North America Silicon Carbide Semiconductor Devices Market, 2018 - 2021, USD Million
TABLE 88 Rest of North America Silicon Carbide Semiconductor Devices Market, 2022 - 2028, USD Million
TABLE 89 Rest of North America Silicon Carbide Semiconductor Devices Market by Product, 2018 - 2021, USD Million
TABLE 90 Rest of North America Silicon Carbide Semiconductor Devices Market by Product, 2022 - 2028, USD Million
TABLE 91 Rest of North America Silicon Carbide Semiconductor Devices Market by End-use, 2018 - 2021, USD Million
TABLE 92 Rest of North America Silicon Carbide Semiconductor Devices Market by End-use, 2022 - 2028, USD Million
TABLE 93 Rest of North America Silicon Carbide Semiconductor Devices Market by Wafer Size, 2018 - 2021, USD Million
TABLE 94 Rest of North America Silicon Carbide Semiconductor Devices Market by Wafer Size, 2022 - 2028, USD Million
TABLE 95 Rest of North America Silicon Carbide Semiconductor Devices Market by Component, 2018 - 2021, USD Million
TABLE 96 Rest of North America Silicon Carbide Semiconductor Devices Market by Component, 2022 - 2028, USD Million
TABLE 97 Key Information – Toshiba Corporation
TABLE 98 Key Information – Infineon Technologies AG
TABLE 99 Key Information – Allegro Microsystems, Inc.
TABLE 100 Key Information –WOLFSPEED, INC.
TABLE 101 Key Information – Rohm Co., Ltd.
TABLE 102 Key Information – TT Electronics PLC
TABLE 103 Key Information – STMicroelectronics N.V.
TABLE 104 Key Information – ON Semiconductor Corporation
TABLE 105 Key Information – Fuji Electric Co., Ltd.
TABLE 106 key information – Mitsubishi Electric Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2022, Jul – 2023, Jan) Leading Players
FIG 5 SWOT Analysis: Toshiba Corporation
FIG 6 Recent strategies and developments: Infineon Technologies AG
FIG 7 Recent strategies and developments: Allegro Microsystems, Inc.