The Silicon Carbide Market is estimated to be valued at USD 3.5 billion in 2025 and is projected to reach USD 7.2 billion by 2035, registering a compound annual growth rate (CAGR) of 7.5% over the forecast period.
The silicon carbide market is witnessing accelerated expansion due to rising demand for high-efficiency power electronics in electric mobility, renewable energy, and industrial automation. Silicon carbide-based components offer superior thermal conductivity, higher breakdown voltage, and reduced switching losses compared to traditional silicon semiconductors, making them essential in next-generation power systems.
Global efforts to decarbonize transport and enhance grid resilience are fostering investments in silicon carbide production, wafer processing, and advanced packaging. Automotive OEMs and tier-one suppliers are actively securing supply chains through partnerships and vertical integration to meet the increasing demand from electric vehicles and charging infrastructure.
At the same time, manufacturers are scaling up capacity for 6-inch and 8-inch wafers to improve yield and lower cost per chip. As governments push for energy efficiency and industries transition to wide bandgap semiconductors, silicon carbide is positioned as a strategic material underpinning future-ready electronic ecosystems.
The market is segmented by Product Type, Wafer Size, Application, and End User and region. By Product Type, the market is divided into MOSFET, Diode, Module, Biscrete devices, and Bare die. In terms of Wafer Size, the market is classified into 6-Inches, More than 6-inches, 4 Inches, and 2 Inches.
Based on Application, the market is segmented into EV Motor Drive, EV Charging, Power Supply and Inverter, Power Grid Device, High-Voltage, Direct Current (HVDC), Industrial Motor Drive, RF Device and Cellular Base Station, Solar and Wind Energy, Electronic Combat System, Lighting Control, Flexible AC Transmission Systems (FACTS), Flame Detector, Diagnostics & Maintenance, and Others.
By End User, the market is divided into Automotive, Power Electronics, Energy & Power, Telecommunications, Renewable Power Generation, Defense, and Others. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
In the product type category, MOSFET is anticipated to account for 32.5% of the total market revenue in 2025, securing its position as the leading product segment. This growth is being driven by the increasing use of silicon carbide MOSFETs in high-power and high-frequency applications, particularly in automotive and industrial environments where energy efficiency and compact system design are critical.
The low switching losses, higher temperature tolerance, and reduced cooling requirements offered by silicon carbide MOSFETs have made them favorable in electric powertrains, inverters, and onboard chargers. Additionally, continuous improvements in packaging technologies and gate driver compatibility have enabled broader integration in existing systems, accelerating commercial adoption.
Their role in enhancing overall system performance and reducing component count has solidified MOSFETs as the preferred product type in the ongoing shift toward wide bandgap power devices.
The 6 inches wafer size segment is projected to capture 36.0% of total market revenue in 2025, marking it as the dominant wafer format within the silicon carbide market. This leadership is attributed to its balance between mature manufacturing processes, scalable output, and cost efficiency.
As demand rises for higher yield per wafer, 6 inches wafers have emerged as the standard in mass production of silicon carbide-based power semiconductors. Foundries and integrated device manufacturers have been expanding 6 inches fabrication lines to meet growing orders from automotive and renewable energy sectors.
While 8 inches is in early ramp-up stages, 6 inches continues to offer high-volume throughput and compatibility with existing fab infrastructure, allowing quicker time-to-market. Its widespread availability and production maturity make it the preferred choice for cost-sensitive high-performance applications in the current growth phase of the market.
EV motor drive applications are expected to represent 14.5% of the total revenue share in 2025, emerging as a key growth segment within the silicon carbide market. The shift toward battery electric vehicles has significantly increased the adoption of silicon carbide components in traction inverters and motor controllers, where high efficiency and power density are essential.
The material's superior switching capabilities and reduced thermal losses enable more compact and lightweight drive units, which directly improve vehicle range and performance. Automakers are leveraging these advantages to enhance overall energy efficiency while simplifying thermal management systems.
Additionally, silicon carbide-based motor drives support faster acceleration and regenerative braking, improving the driving experience. OEM investments in in-house power electronics development and secure silicon carbide supply chains further underscore the strategic importance of this application, reinforcing its growing share in the overall market.
Silicon carbide is a semiconductor, which assists the system in reducing size and power loss by 50%, owing to which, silicon carbide is expected to replace other silicon-based semiconductors and transistors from the market.
On the other hand, the price of silicon carbide ranges approximately from USD 800 to USD 2,000 per ton which is very high compared to other alternatives available in the market. Therefore, the high cost is the major factor restraining the silicon carbide market growth. Also, defects in material and issues related to the package are the other challenge faced by some. However, the market is likely to upkeep modest growth during the forecast period.
Telecommunication components manufacturers are the major end users creating the maximum silicon carbide market opportunities across the globe. The ongoing advancement in this area is poised to strengthen the silicon carbide market's key trends and opportunities in the coming days.
The regional market players in the North American region, according to the global market study report on silicon carbide report, contribute a fair share of 23.7% in the overall revenue generation.
In North America, particularly in the USA, the demand for silicon carbide has remained substantial owing to the presence of a number of electronics and semiconductor device manufacturers. In the coming days, the silicon carbide market opportunities in this geographical are expected to remain profitable given the increasing demand for computer-based microchips around the world.
As per the silicon carbide market analysis report by FMI, the Asia Pacific region contributes the largest share of 26.8% in the overall market. Asia Pacific holds the major market for cellular base station and radio frequency devices, due to which, the Asia Pacific region captures the largest market share regarding revenue for the silicon carbide market. And it is also expected to continue its dominance during the forecast period.
Further, owing to the support of government FDI on investment in countries such as India and China is becoming a key attraction for the silicon carbide market players to invest in the Asia Pacific region. In addition to the above, in China, continuous development in electric vehicles and EV charging are anticipated to cater to new avenues for silicon carbide market growth in forthcoming years.
With the proliferation of semiconductor manufacturers around the world, the sales of silicon carbide have accelerated in the present times attracting new players in the market. Several start-ups have surfaced in this regard, especially in developing nations of the Asia Pacific, further boosting the global silicon carbide market. These players rely on improving the product and creating more use cases to broaden gains from diverse end-user segments.
In stark contrast, most of the silicon carbide key players have acquired long-term partnerships with electronics and semiconductor devices market players. Apart from that, diversifying silicon sources by establishing manufacturing units near mining locations is a very lucrative option for the silicon carbide market's major players.
Recent Developments in the Global Silicon Carbide Market
Among the start-up and key players, the latter has a stronghold on the silicon carbide market, which makes the market consolidated in nature.
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2025 to 2035. |
| The base year for Estimation | 2025 |
| Historical Data Available for | 2020 to 2024 |
| Forecast Period | 2025 to 2035 |
| Quantitative Units | Revenue in USD Million and CAGR from 2025 to 2035 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis. |
| Segments Covered | Product Type, Wafer Size, Application, End User Verticals, Region |
| Regions Covered | North America; Latin America; Asia Pacific; Japan; Western Europe; Eastern Europe; Middle East & Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | Pilegrowth Tech S.R.L.; Ascatron AB; United Silicon Carbide, Inc.; Basic 3C, Inc.; Toshiba Corporation; Bruckewell Technology Corporation; Tankeblue Semiconductor Co. Ltd.; Central Semiconductor Corporation; STMicroelectronics N.V.; Cree Inc. (Wolfspeed); DOW Corning Corporation; Sanken Electric Co., Ltd.; Fuji Electric Co.; Ltd., Saint-Gobain Silicon Carbide; General Electric; Rohm Semiconductor; Genesic Semiconductor Inc.; Global Power Technologies Group; Renesas Electronics Corporation; Graphensic AB; On Semiconductor; Infineon Technologies AG; Norstel AB; Microsemi Corporation; Monolith Semiconductor Inc. |
| Customization | Available upon Request |
The global silicon carbide market is estimated to be valued at USD 3.5 billion in 2025.
It is projected to reach USD 7.2 billion by 2035.
The market is expected to grow at a 7.5% CAGR between 2025 and 2035.
The key product types are mosfet, diode, module, biscrete devices and bare die.
6-inches segment is expected to dominate with a 36.0% industry share in 2025.
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Silicon Carbide Market
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