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    SiC Power Semiconductor Market

    ID: 4980
    100 Pages
    Research Team
    12/2018

    SiC Power Semiconductor Market Research Report Information By Devices (SiC Discrete Devices (MOSFET, Diode, & Module), and SiC Bare Die Devices), By Application (RF Devices & Cellular Base Station, Power Supply & Inverter, Power Grids, EV Motor, Industrial Motor Drives, Railway Traction, & Others), By Wafer Size (2-Inch, 4-Inch, and 6-Inch & Above), By End User (Telecommunic...

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    Market Summary

    Research Methodology on SIC Power Semiconductor Market


    Introduction


    This research report analyzes the global SIC Power Semiconductor market. It provides an overview of the current trends, drivers, and barriers impacting the market, as well as qualitative and quantitative assessments of the SIC Power Semiconductor market size and growth. The report also includes historical, current, and estimated market sizes from 2023-2030, segmented by geography and technology.


    Research Methodology


    Market Research Future deployed a detailed, market-oriented research methodology to identify and measure the SIC Power Semiconductor market. The primary research component for this project involved conducting interviews with key participants in the SIC Power Semiconductor market. Secondary data sources, such as published reports, conference proceedings, and company websites, were also used to help determine and validate the market size and growth rate.


    Primary Research


    The primary research component of the project involved interviewing key participants in the SIC Power Semiconductor market. The participants included industry experts, such as semiconductor OEMs, raw materials suppliers, SIC power semiconductor suppliers, distributors, and other strategic players in the power semiconductor industry. The purpose of the interviews was to gain an understanding of the various factors influencing the growth of the market, their respective industry outlooks, and their current business strategies. Each interview was held with a senior-level executive from each of the participating companies.


    Secondary Research


    Secondary research was conducted to supplement and corroborate the primary research. Various secondary sources, such as industry-specific reports, white papers, directories, and trade journals, were used to identify industry-related data and trends. The secondary research component included secondary data, such as market size, past and current trends, and estimated market size for the forecast period 2023-2030.


    Data Collection and Analysis


    Data from all primary and secondary research sources were collected and collated. Qualitative and quantitative data was gathered, split into datasets and recorded appropriately. This data was then used to analyze the market size and growth rate of the SIC Power Semiconductor market. An in-depth analysis of the data was then conducted by applying time series and cross-sectional methods to the dataset.


    Data Validation


    The data was further validated by conducting triangulation exercises. Objective opinions from industry experts were also taken to check for any discrepancies in the reported trends and figures. The resulting data points were checked for both accuracy and consistency in order to ensure the accuracy and reliability of the results.


    Market Estimation


    The market size of the SIC Power Semiconductor market was estimated by taking into account the number of companies operating in each segment, the technology used, and their annual revenues. The market size was then extrapolated to account for the influence of macroeconomic factors. A top-down and bottom-up approach was used in order to validate the market estimates.


    Market Forecasting


    The estimated market size was then used to derive the market's forecasted CAGR based on historical growth rates. The estimated CAGR and market size were then used to forecast the market size for the period 2023-2030.


    Key Assumptions


    The analysis of the SIC Power Semiconductor market was based on the following key assumptions:


    - The market size and growth rate of the market were determined based on the current trends and the forecasted CAGR for the period 2023-2030.


    - The market size was estimated using a bottom-up approach.


    - The market was split into offerings, end-users, and geography.


    - The competitive landscape of the market was determined based on the market participants' reported strategies and/or financial performance.


    Conclusion


    The SIC Power Semiconductor market was analyzed using a market-oriented research methodology. Primary and secondary research was conducted to identify and measure the market size and growth rate. The resulting market size was then used to generate a market forecast for the period 2023-2030. The key assumptions used when calculating the market size and growth rate are presented above.

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2023 USD 0.2 billion
    Market Size 2024 USD 0.3 billion
    Market Size 2032 USD 1.6 billion
    Compound Annual Growth Rate (CAGR) 23.4% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends
    Segments Covered Device, Wafer Size, Application, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled WOLFSPEED, INC., STMicroelectronics, ROHM CO., LTD., Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies AG, Semikron Danfoss, Xiamen Powerway Advanced Material Co., Ltd., and Renesas Electronics Corporation
    Key Market Opportunities Strategic partnership and acquisition by SiC manufacturers
    Key Market Dynamics Advent of sic power semiconductors Rising penetration of electronic vehicles

    Major Players

    SiC Power Semiconductor Market Segmentation

    SiC Power Semiconductor Devices Outlook (USD Billion, 2019-2032)

    • SiC Discrete Devices

      • MOSFET

      • Diode

      • Module

    • SiC Bare Die Devices

    SiC Power Semiconductor Application Outlook (USD Billion, 2019-2032)

    • RF Devices & Cellular Base Station

    • Power Supply & Inverter

    • Power Grids

    • EV Motor

    • Industrial Motor Drives

    • Railway Traction

    • Others

    SiC Power Semiconductor Wafer Size Outlook (USD Billion, 2019-2032)

    • 2-Inch

    • 4-Inch

    • 6-Inch & Above

    SiC Power Semiconductor End User Outlook (USD Billion, 2019-2032)

    • Telecommunication

    • Energy & Power

    • Automotive

    • Industrial

    • Electronics

    • Others

    SiC Power Semiconductor Regional Outlook (USD Billion, 2019-2032)

    • North America Outlook (USD Billion, 2019-2032)

      • North America SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • North America SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • North America SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • North America SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • US Outlook (USD Billion, 2019-2032)

      • US SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • US SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • US SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • US SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • CANADA Outlook (USD Billion, 2019-2032)

      • CANADA SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • CANADA SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • CANADA SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • CANADA SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

    • Europe Outlook (USD Billion, 2019-2032)

      • Europe SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Europe SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Europe SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Europe SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Germany Outlook (USD Billion, 2019-2032)

      • Germany SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Germany SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Germany SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Germany SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • France Outlook (USD Billion, 2019-2032)

      • France SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • France SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • France SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • France SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • UK Outlook (USD Billion, 2019-2032)

      • UK SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • UK SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • UK SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • UK SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • ITALY Outlook (USD Billion, 2019-2032)

      • ITALY SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • ITALY SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • ITALY SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • ITALY SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • SPAIN Outlook (USD Billion, 2019-2032)

      • Spain SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Spain SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Spain SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Spain SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Rest Of Europe Outlook (USD Billion, 2019-2032)

      • Rest Of Europe SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • REST OF EUROPE SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Rest Of Europe SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Rest Of Europe SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

    • Asia-Pacific Outlook (USD Billion, 2019-2032)

      • Asia-Pacific SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Asia-Pacific SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Asia-Pacific SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Asia-Pacific SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • China Outlook (USD Billion, 2019-2032)

      • China SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • China SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • China SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • China SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Japan Outlook (USD Billion, 2019-2032)

      • Japan SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Japan SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Japan SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Japan SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • India Outlook (USD Billion, 2019-2032)

      • India SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • India SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • India SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • India SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Australia Outlook (USD Billion, 2019-2032)

      • Australia SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Australia SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Australia SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Australia SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2032)

      • Rest of Asia-Pacific SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Rest of Asia-Pacific SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Rest of Asia-Pacific SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Rest of Asia-Pacific SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Rest of the World Outlook (USD Billion, 2019-2032)

      • Rest of the World SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Rest of the World SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Rest of the World SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Rest of the World SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Middle East Outlook (USD Billion, 2019-2032)

      • Middle East SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Middle East SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Middle East SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Middle East SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Africa Outlook (USD Billion, 2019-2032)

      • Africa SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Africa SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Africa SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Africa SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

      • Latin America Outlook (USD Billion, 2019-2032)

      • Latin America SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET

          • Diode

          • Module

        • SiC Bare Die Devices

      • Latin America SiC Power Semiconductor by Application

        • RF Devices & Cellular Base Station

        • Power Supply & Inverter

        • Power Grids

        • EV Motor

        • Industrial Motor Drives

        • Railway Traction

        • Others

      • Latin America SiC Power Semiconductor by Wafer Size

        • 2-Inch

        • 4-Inch

        • 6-Inch And Above

      • Latin America SiC Power Semiconductor by End User

        • Telecommunication

        • Energy & Power

        • Automotive

        • Industrial

        • Electronics

        • Others

    Market Trends

    Global SiC Power Semiconductor Market Overview:

    SiC power semiconductor Market Size was valued at USD 0.2 Billion in 2023. The SiC power semiconductor industry is projected to grow from USD 0.3 Billion in 2024 to USD 1.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.4% during the forecast period (2024 - 2032). The expansion in R&D activities that target improved material capabilities and the rising penetration of electronic vehicles are the key market drivers expanding the market growth.

    Global SiC Power Semiconductor Market Overview

    Source: Secondary Research, Primary Research, MRFR Database, Analyst Review

    SiC Power Semiconductor Market Trends

      • Rising penetration of electronic vehicles is driving the market growth

    Market CAGR for SiC power semiconductor is being driven by rising initiatives such as growing acquisition by US DOE for NREL-Led analysis with an intent to decrease SiC power electronics manufacturing costs could further assist such trends and enhance the scope of a more robust market. The world is changing fast, and it is turning towards renewable energy. All sectors, government institutes, and market players are concentrating more on building electric vehicle infrastructure and...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about SiC Power Semiconductor Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about SiC Power Semiconductor Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 0.2 billion
    Market Size 2024 USD 0.3 billion
    Market Size 2032 USD 1.6 billion
    Compound Annual Growth Rate (CAGR) 23.4% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends
    Segments Covered Device, Wafer Size, Application, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled WOLFSPEED, INC., STMicroelectronics, ROHM CO., LTD., Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies AG, Semikron Danfoss, Xiamen Powerway Advanced Material Co., Ltd., and Renesas Electronics Corporation
    Key Market Opportunities Strategic partnership and acquisition by SiC manufacturers
    Key Market Dynamics Advent of sic power semiconductors Rising penetration of electronic vehicles

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    At what CAGR will the SiC power semiconductor market grow during the forecast period?

    The SiC power semiconductor market is predicted to grow at a 26.3% CAGR between 2018- 2023.

    What valuation is the SiC power semiconductor market predicted to reach during the forecast period?

    The SiC power semiconductor market is predicted to reach USD 1,359.2 million by 2023.

    Which region will dominate the SiC power semiconductor market?

    The Asia Pacific region will dominate the SiC power semiconductor market.

    Name the key players profiled in the SiC power semiconductor market.

    Key players profiled in the SiC power semiconductor market report include Infineon Technologies AG, ON Semiconductor, Cree Inc., STMicroelectronics NV, and Mitsubishi Electric Corporation, among others.

    Name the major end users of SiC power semiconductor market.

    Major end users of SiC power semiconductor market include electronics, industrial, automotive, energy and power, telecommunication, and others.

    SiC Power Semiconductor Market Segmentation

    SiC Power Semiconductor Devices Outlook (USD Billion, 2019-2032)

    • SiC Discrete Devices

      • MOSFET
      • Diode
      • Module
    • SiC Bare Die Devices

    SiC Power Semiconductor Application Outlook (USD Billion, 2019-2032)

    • RF Devices & Cellular Base Station
    • Power Supply & Inverter
    • Power Grids
    • EV Motor
    • Industrial Motor Drives
    • Railway Traction
    • Others

    SiC Power Semiconductor Wafer Size Outlook (USD Billion, 2019-2032)

    • 2-Inch
    • 4-Inch
    • 6-Inch & Above

    SiC Power Semiconductor End User Outlook (USD Billion, 2019-2032)

    • Telecommunication
    • Energy & Power
    • Automotive
    • Industrial
    • Electronics
    • Others

    SiC Power Semiconductor Regional Outlook (USD Billion, 2019-2032)

    • North America Outlook (USD Billion, 2019-2032)

      • North America SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • North America SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • North America SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • North America SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • US Outlook (USD Billion, 2019-2032)

      • US SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • US SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • US SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • US SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • CANADA Outlook (USD Billion, 2019-2032)

      • CANADA SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • CANADA SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • CANADA SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • CANADA SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

    • Europe Outlook (USD Billion, 2019-2032)

      • Europe SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Europe SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Europe SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Europe SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Germany Outlook (USD Billion, 2019-2032)

      • Germany SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Germany SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Germany SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Germany SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • France Outlook (USD Billion, 2019-2032)

      • France SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • France SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • France SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • France SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • UK Outlook (USD Billion, 2019-2032)

      • UK SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • UK SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • UK SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • UK SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • ITALY Outlook (USD Billion, 2019-2032)

      • ITALY SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • ITALY SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • ITALY SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • ITALY SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • SPAIN Outlook (USD Billion, 2019-2032)

      • Spain SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Spain SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Spain SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Spain SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Rest Of Europe Outlook (USD Billion, 2019-2032)

      • Rest Of Europe SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • REST OF EUROPE SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Rest Of Europe SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Rest Of Europe SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

    • Asia-Pacific Outlook (USD Billion, 2019-2032)

      • Asia-Pacific SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Asia-Pacific SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Asia-Pacific SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Asia-Pacific SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • China Outlook (USD Billion, 2019-2032)

      • China SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • China SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • China SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • China SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Japan Outlook (USD Billion, 2019-2032)

      • Japan SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Japan SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Japan SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Japan SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • India Outlook (USD Billion, 2019-2032)

      • India SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • India SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • India SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • India SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Australia Outlook (USD Billion, 2019-2032)

      • Australia SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Australia SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Australia SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Australia SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2032)

      • Rest of Asia-Pacific SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Rest of Asia-Pacific SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Rest of Asia-Pacific SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Rest of Asia-Pacific SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Rest of the World Outlook (USD Billion, 2019-2032)

      • Rest of the World SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Rest of the World SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Rest of the World SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Rest of the World SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Middle East Outlook (USD Billion, 2019-2032)

      • Middle East SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Middle East SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Middle East SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Middle East SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Africa Outlook (USD Billion, 2019-2032)

      • Africa SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Africa SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Africa SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Africa SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others

      • Latin America Outlook (USD Billion, 2019-2032)

      • Latin America SiC Power Semiconductor by Devices

        • SiC Discrete Devices

          • MOSFET
          • Diode
          • Module
        • SiC Bare Die Devices
      • Latin America SiC Power Semiconductor by Application
        • RF Devices & Cellular Base Station
        • Power Supply & Inverter
        • Power Grids
        • EV Motor
        • Industrial Motor Drives
        • Railway Traction
        • Others
      • Latin America SiC Power Semiconductor by Wafer Size
        • 2-Inch
        • 4-Inch
        • 6-Inch And Above
      • Latin America SiC Power Semiconductor by End User
        • Telecommunication
        • Energy & Power
        • Automotive
        • Industrial
        • Electronics
        • Others
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