The Silicon Carbide Market report provides insightful data about business strategies, qualitative and quantitative analysis of the Global Market. The report also calls for market-driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real-time scenario.
The global silicon carbide market is expected to reach US$3.07 billion in 2023, growing at a CAGR of 25.44%, for the duration spanning 2019-2023.
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Top Leading Key Players: Saint-Gobain, NXP Semiconductors, Infineon Technologies, Renesas Electronics, ROHM Semiconductor, and Cree
Latest Market Developments:
31 Mar 2020: Renesas Electronics: Renesas RX13T 32-Bit MCU Enables Inverter Control in On-Off Switching Motors for Industrial and Home Appliances at Lower System Cost
26 Mar 2020: Renesas Power Line Communication IC Adopted by Panasonic for Intelligent Lighting Control System
Mar 5, 2020: Infineon Technologies: Infineon collaborates with Qualcomm to enable a high-quality standard solution for 3D authentication
Jan 6, 2020: CES 2020: Infineon presents the world’s smallest 3D image sensor for face authentication and photo effects on smartphones and the like
Silicon carbide acts as a deoxidizing agent of steel production. To produce large amounts of hot steel together with scrap steel is mainly dissolved oxygen in the furnace. Unlike the silicomanganese or ferrosilicon, low sulfur, aluminum, and nitrogen contents of the items that lead to cost-effective materials. Silicon carbide has a bandgap of three times, three times the thermal conductivity, and ten times the strength of the critical electric field than silicon.
Silicon carbide (SIC) (CAS NO. 409-21-2) is also known as carborundum and a silica compound and carbon. SIC is a hard material, which has outstanding performance, frequency switching power, and power rating compared with silicon. Moreover, it has the potential to provide high switching power applications in extreme environments. Silicon carbide is a wide gap semiconductor material used in semiconductor electronic devices that operate at high temperatures or high voltage or both. These properties have made silicon carbide for highly favored in end-user applications
Scope of the report:
-The report provides a comprehensive analysis of the global Silicon Carbide market.
-The major regional markets (US, UK, Brazil, Germany, and the Netherlands) have been analyzed.
-The market dynamics such as growth drivers, market trends, and challenges are analyzed in-depth.
Key Target Audience:
-Silicon Carbide Manufacturers
-Raw Material Suppliers
-End Users (Automotive, Aerospace, E&E, Construction Military, and Healthcare)
-Government Bodies & Regulating Authorities
The factors, such as escalating production of automobiles, accelerating demand for consumer electronics, increasing production of smartphones, growing urbanization, and rapid expansion of the steel industry are expected to drive the market. However, the growth of the market would be challenged by defects in silicon carbide materials, challenges in designing SiC MOSFETs, and issues in packaging silicon carbide power devices. A few notable trends include increasing electric vehicle stock, rising demand for EV charging stations, and fast growth of chassis, body, and safety system.
The global silicon industry is concentrated with radio frequency (RF) devices, used across various end-use industries. RF devices are highly demanded the production of several wireless gadgets including router, Bluetooth devices, FM radios, wireless talkies, and radars. Moreover, SiC power devices are also occupying the market with a considerable share, owing to the rising demand, particularly from automobiles and the E&E industry.
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Types of SWOT Analysis offered in Market Research are as follows:
— SWOT Analysis Business Reports:
Our Silicon Carbide market report provides an overview of the Silicon Carbide market strategic situation by amassing an independent and unbiased assessment of internal strengths and weaknesses in contrast to an in-depth analysis of external threats and opportunities.
— Finance SWOT Investigation:
Our Silicon Carbide market report analyzes both-outer and inside value related components that are affecting your organization. Inner angles incorporate provider installment terms, liquidity bottlenecks, and income swings; though the outer elements incorporate loan fee changes, Silicon Carbide market unpredictability just as securities exchange dangers and so forth.
— SWOT Analysis Industry Reports:
Our Silicon Carbide market report includes a thorough examination of strength, weakness, opportunities, and threats of an industry. It includes Silicon Carbide industry-specific trends, key drivers, constraints, entry limitations, management, competition, etc.
— Technology SWOT Analysis Reports:
This Silicon Carbide market report contains an analysis of internal technological elements like the IT infrastructure, convenient technology, technological specialists, and exterior characteristics such as trends, consumer achievement as well as new technological developments.
— SWOT Analysis Marketing Report:
This includes evaluation of internal marketing factors marketing professionals, branch locations and marketing funds, and examination of external elements like an opponent, economic conditions and changes in brand/ demand recognition, etc.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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