Summary

The SiC diodes market is poised for substantial growth, with projections indicating an increase from US$ 2.34 billion in 2023 to an impressive US$ 7.03 billion by 2031. As the semiconductor landscape evolves, SiC (Silicon Carbide) diodes are becoming a crucial component in various applications, particularly in electric vehicles, data centers, and smart grids. This report delves into the driving factors, opportunities, regional insights, and key players shaping the SiC diodes market from 2024 to 2031.

Market Insights

The SiC diodes market is expected to grow significantly, estimated at US$ 2.65 billion by 2024 and projected to exhibit a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031. SiC diodes stand out due to their superior performance characteristics, including high temperature resistance, low ON resistance, and exceptional voltage and frequency capabilities, outpacing traditional silicon diodes. These diodes are primarily utilized in critical power systems across various sectors, including electric vehicles, data centers, base stations, and smart grids.

Drivers of the SiC Diodes Market

1.Demand for Efficient and Green Solutions: The automotive industry's shift toward electrification is increasing the complexity and functionality of electronic modules. Advanced driver assistance systems (ADAS) and the growing prevalence of electric vehicles (EVs) are amplifying the demand for discrete semiconductors like SiC diodes.

2.Innovative Technology Advancements: Vendors are actively developing new diode and MOSFET technologies tailored for applications such as battery charging, photovoltaic inverters, energy storage, uninterruptible power supplies (UPS), and motor drives. Notable advancements include:

oIn July 2021, Microchip Technology launched a new 1700V SiC MOSFET die that offers high efficiency and reliability, serving as a viable alternative to traditional silicon IGBTs.

oIn June 2021, Wolfspeed partnered with Shenzhen Gospower Digital Technology to provide 650V SiC MOSFETs for next-generation common redundant power supply (CRPS) solutions.

Business Opportunity in China

China's SiC diodes market is witnessing remarkable growth driven by low-cost manufacturing capabilities and high demand for electronic equipment. The country accounted for a dominant share of 24.2% in the global SiC diodes marketplace in 2023. The outsourcing of semiconductor manufacturing projects from the U.S. to China significantly influences the production of SiC diodes, making it an attractive hub for manufacturers looking to capitalize on lower operational costs and skilled labor.

Growth Potential in South Asia

The semiconductor industry in South Asia is on the brink of explosive growth, particularly in countries like India and Vietnam. The estimated CAGR for SiC diodes in India is a staggering 25.6%, fueled by government initiatives promoting semiconductor manufacturing and a burgeoning demand for consumer electronics. Local vendors are forming partnerships with global semiconductor companies, paving the way for innovative solutions and expanded market reach.

United States: A Leader in SiC Diodes

The United States holds the largest share of the SiC diodes market, accounting for 21.5% of the global market in 2023. This dominance is attributed to the presence of numerous Silicon Carbide vendors and a consumer base that is increasingly inclined to adopt advanced electronic devices. The growth of the electric vehicle market in the U.S. further propels the demand for SiC diodes, fostering a competitive and innovative environment for semiconductor manufacturers.

Category-wise Insights

1.Reverse Voltage Segmentation: The 1200V SiC diodes segment holds the largest market share, accounting for 54.2% of the total market value. These diodes play a crucial role in modern power systems, especially in automotive, telecommunications, and industrial applications due to their high power capabilities.

2.Industry Segmentation: The automotive industry dominates the SiC diodes market, with a market share of 16.4% in 2023. This is largely driven by the need for stable and efficient power supplies across various applications, including UPS, power modules, and wireless charging devices.

Competitive Landscape

The SiC diode market is characterized by intense competition and rapid innovation, with established players and emerging companies offering a wide range of products. Key players in this space include:

•Infineon Technologies

•STMicroelectronics

•ROHM Semiconductors

•Cree, Inc.

•Microchip Technology Inc.

•ON Semiconductor

•CALY Technologies

•WeEn Semiconductors

•Littlefuse, Inc.

•United Silicon Carbide Inc.

•Toshiba Electronic Devices & Storage Corporation

•Bruckewell Technology Ltd.

•SemiQ

SiC Diodes Market Segmentation

By Forward Current:

•2 to 5 A

•6 to 10 A

•11 to 20 A

•21 to 40 A

•Above 40 A

By Reverse Voltage:

•650 V

•1200 V

•1700 V

•3300 V

By Application:

•Automotive

oADAS

oInfotainment

oBody Electronics

oPowertrain & EV Charging

•Medical Imaging

•Communication

•Data Centers

•Defense

•Photovoltaic Solutions

•Others

By Region:

•North America

•Latin America

•Europe

•East Asia

•South Asia & Pacific

•Middle East and Africa (MEA)

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Table of Contents

1. Executive Summary
1.1. Global SiC Diodes Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global SiC Diodes Market Outlook, 2019 - 2031
3.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. 2 to 5 A
3.1.1.2. 6 to 10 A
3.1.1.3. 11 to 20 A
3.1.1.4. 21 to 40 A
3.1.1.5. Above 40 A
3.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. 650 V
3.2.1.2. 1200 V
3.2.1.3. 1700 V
3.2.1.4. 3300 V
3.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Automotive
3.3.1.1.1. ADAS
3.3.1.1.2. Infotainment
3.3.1.1.3. Body Electronics
3.3.1.1.4. Powertrain & EV Charging
3.3.1.2. Medical Imaging
3.3.1.3. Communication
3.3.1.4. Data Centers
3.3.1.5. Defense
3.3.1.6. Photovoltaic Solutions
3.3.1.7. Others
3.4. Global SiC Diodes Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America SiC Diodes Market Outlook, 2019 - 2031
4.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. 2 to 5 A
4.1.1.2. 6 to 10 A
4.1.1.3. 11 to 20 A
4.1.1.4. 21 to 40 A
4.1.1.5. Above 40 A
4.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. 650 V
4.2.1.2. 1200 V
4.2.1.3. 1700 V
4.2.1.4. 3300 V
4.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Automotive
4.3.1.1.1. ADAS
4.3.1.1.2. Infotainment
4.3.1.1.3. Body Electronics
4.3.1.1.4. Powertrain & EV Charging
4.3.1.2. Medical Imaging
4.3.1.3. Communication
4.3.1.4. Data Centers
4.3.1.5. Defense
4.3.1.6. Photovoltaic Solutions
4.3.1.7. Others
4.4. North America SiC Diodes Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
4.4.1.2. U.S. SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
4.4.1.3. U.S. SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
4.4.1.4. Canada SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
4.4.1.5. Canada SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
4.4.1.6. Canada SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5. Europe SiC Diodes Market Outlook, 2019 - 2031
5.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. 2 to 5 A
5.1.1.2. 6 to 10 A
5.1.1.3. 11 to 20 A
5.1.1.4. 21 to 40 A
5.1.1.5. Above 40 A
5.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. 650 V
5.2.1.2. 1200 V
5.2.1.3. 1700 V
5.2.1.4. 3300 V
5.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. Automotive
5.3.1.1.1. ADAS
5.3.1.1.2. Infotainment
5.3.1.1.3. Body Electronics
5.3.1.1.4. Powertrain & EV Charging
5.3.1.2. Medical Imaging
5.3.1.3. Communication
5.3.1.4. Data Centers
5.3.1.5. Defense
5.3.1.6. Photovoltaic Solutions
5.3.1.7. Others
5.4. Europe SiC Diodes Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.2. Germany SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.3. Germany SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.4. U.K. SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.5. U.K. SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.6. U.K. SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.7. France SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.8. France SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.9. France SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.10. Italy SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.11. Italy SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.12. Italy SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.13. Turkey SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.14. Turkey SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.15. Turkey SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.16. Russia SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.17. Russia SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.18. Russia SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.19. Rest of Europe SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
5.4.1.20. Rest of Europe SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
5.4.1.21. Rest of Europe SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6. Asia Pacific SiC Diodes Market Outlook, 2019 - 2031
6.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. 2 to 5 A
6.1.1.2. 6 to 10 A
6.1.1.3. 11 to 20 A
6.1.1.4. 21 to 40 A
6.1.1.5. Above 40 A
6.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. 650 V
6.2.1.2. 1200 V
6.2.1.3. 1700 V
6.2.1.4. 3300 V
6.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Automotive
6.3.1.1.1. ADAS
6.3.1.1.2. Infotainment
6.3.1.1.3. Body Electronics
6.3.1.1.4. Powertrain & EV Charging
6.3.1.2. Medical Imaging
6.3.1.3. Communication
6.3.1.4. Data Centers
6.3.1.5. Defense
6.3.1.6. Photovoltaic Solutions
6.3.1.7. Others
6.4. Asia Pacific SiC Diodes Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. China SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.2. China SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.3. China SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.4. Japan SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.5. Japan SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.6. Japan SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.7. South Korea SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.8. South Korea SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.9. South Korea SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.10. India SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.11. India SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.12. India SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.13. Southeast Asia SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.14. Southeast Asia SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.15. Southeast Asia SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.16. Rest of Asia Pacific SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
6.4.1.17. Rest of Asia Pacific SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
6.4.1.18. Rest of Asia Pacific SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
7. Latin America SiC Diodes Market Outlook, 2019 - 2031
7.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. 2 to 5 A
7.1.1.2. 6 to 10 A
7.1.1.3. 11 to 20 A
7.1.1.4. 21 to 40 A
7.1.1.5. Above 40 A
7.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. 650 V
7.2.1.2. 1200 V
7.2.1.3. 1700 V
7.2.1.4. 3300 V
7.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Automotive
7.3.1.1.1. ADAS
7.3.1.1.2. Infotainment
7.3.1.1.3. Body Electronics
7.3.1.1.4. Powertrain & EV Charging
7.3.1.2. Medical Imaging
7.3.1.3. Communication
7.3.1.4. Data Centers
7.3.1.5. Defense
7.3.1.6. Photovoltaic Solutions
7.3.1.7. Others
7.4. Latin America SiC Diodes Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
7.4.1.2. Brazil SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
7.4.1.3. Brazil SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.4. Mexico SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
7.4.1.5. Mexico SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
7.4.1.6. Mexico SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.7. Argentina SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
7.4.1.8. Argentina SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
7.4.1.9. Argentina SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.10. Rest of Latin America SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
7.4.1.11. Rest of Latin America SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
7.4.1.12. Rest of Latin America SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
8. Middle East & Africa SiC Diodes Market Outlook, 2019 - 2031
8.1. Global SiC Diodes Market Outlook, by Forward Current, Value (US$ Bn), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. 2 to 5 A
8.1.1.2. 6 to 10 A
8.1.1.3. 11 to 20 A
8.1.1.4. 21 to 40 A
8.1.1.5. Above 40 A
8.2. Global SiC Diodes Market Outlook, by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. 650 V
8.2.1.2. 1200 V
8.2.1.3. 1700 V
8.2.1.4. 3300 V
8.3. Global SiC Diodes Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Automotive
8.3.1.1.1. ADAS
8.3.1.1.2. Infotainment
8.3.1.1.3. Body Electronics
8.3.1.1.4. Powertrain & EV Charging
8.3.1.2. Medical Imaging
8.3.1.3. Communication
8.3.1.4. Data Centers
8.3.1.5. Defense
8.3.1.6. Photovoltaic Solutions
8.3.1.7. Others
8.4. Middle East & Africa SiC Diodes Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
8.4.1.2. GCC SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.4.1.3. GCC SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.4. South Africa SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
8.4.1.5. South Africa SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.4.1.6. South Africa SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.7. Egypt SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
8.4.1.8. Egypt SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.4.1.9. Egypt SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.10. Nigeria SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
8.4.1.11. Nigeria SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.4.1.12. Nigeria SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.13. Rest of Middle East & Africa SiC Diodes Market by Forward Current, Value (US$ Bn), 2019 - 2031
8.4.1.14. Rest of Middle East & Africa SiC Diodes Market by Reverse Voltage, Value (US$ Bn), 2019 - 2031
8.4.1.15. Rest of Middle East & Africa SiC Diodes Market by Application, Value (US$ Bn), 2019 - 2031
9. Competitive Landscape
9.1. By Forward Current vs By Reverse Voltage Heat map
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Infineon Technologies
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. STMicroelectronics
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. ROHM Semiconductors
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Cree, Inc.
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Microchip Technology Inc.
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. ON Semiconductor
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. CALY Technologies
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. WeEn Semiconductors
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. Littlefuse, Inc.
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. United Silicon Carbide Inc
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations