Silicon Carbide Semiconductor Devices Market Size, Share, and Trends 2024 to 2034

The global silicon carbide semiconductor devices market size is calculated at USD 3.64 billion in 2025 and is forecasted to reach around USD 24.95 billion by 2034, accelerating at a CAGR of 23.83% from 2025 to 2034. Asia Pacific market size surpassed USD 0.91 billion in 2024 and is expanding at a CAGR of 24.06% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5882
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Silicon Carbide Semiconductor Devices Market 

5.1. COVID-19 Landscape: Silicon Carbide Semiconductor Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Silicon Carbide Semiconductor Devices Market, By Component

8.1. Silicon Carbide Semiconductor Devices Market Revenue and Volume Forecast, by Component

8.1.1. Schottky Diodes

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. FET/MOSFET Transistors

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Integrated Circuits

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Rectifiers/Diodes

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Power Modules

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Others

8.1.6.1. Market Revenue and Volume Forecast

Chapter 9. Global Silicon Carbide Semiconductor Devices Market, By Product

9.1. Silicon Carbide Semiconductor Devices Market Revenue and Volume Forecast, by Product

9.1.1. Optoelectronic Devices

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Power Semiconductors

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Frequency Devices

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Silicon Carbide Semiconductor Devices Market, By Wafer Size

10.1. Silicon Carbide Semiconductor Devices Market Revenue and Volume Forecast, by Wafer Size

10.1.1. 1 inch to 4 inches

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. 6 inches

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. 8 inches

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. 10 inches & above

10.1.4.1. Market Revenue and Volume Forecast  

Chapter 11. Global Silicon Carbide Semiconductor Devices Market, By End-use

11.1. Silicon Carbide Semiconductor Devices Market Revenue and Volume Forecast, by End-use

11.1.1. Automotive

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Consumer Electronics

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Aerospace & Defense

11.1.3.1. Market Revenue and Volume Forecast

11.1.4. Medical Devices

11.1.4.1. Market Revenue and Volume Forecast

11.1.5. Data & Communication Devices

11.1.5.1. Market Revenue and Volume Forecast

11.1.6. Energy & Power

11.1.6.1. Market Revenue and Volume Forecast

11.1.7. Others

11.1.7.1. Market Revenue and Volume Forecast

Chapter 12. Global Silicon Carbide Semiconductor Devices Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Component

12.1.2. Market Revenue and Volume Forecast, by Product

12.1.3. Market Revenue and Volume Forecast, by Wafer Size

12.1.4. Market Revenue and Volume Forecast, by End-use

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Component

12.1.5.2. Market Revenue and Volume Forecast, by Product

12.1.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.1.5.4. Market Revenue and Volume Forecast, by End-use

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Component

12.1.6.2. Market Revenue and Volume Forecast, by Product

12.1.6.3. Market Revenue and Volume Forecast, by Wafer Size

12.1.6.4. Market Revenue and Volume Forecast, by End-use

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Component

12.2.2. Market Revenue and Volume Forecast, by Product

12.2.3. Market Revenue and Volume Forecast, by Wafer Size

12.2.4. Market Revenue and Volume Forecast, by End-use

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Component

12.2.5.2. Market Revenue and Volume Forecast, by Product

12.2.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.2.5.4. Market Revenue and Volume Forecast, by End-use

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Component

12.2.6.2. Market Revenue and Volume Forecast, by Product

12.2.6.3. Market Revenue and Volume Forecast, by Wafer Size

12.2.6.4. Market Revenue and Volume Forecast, by End-use

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Component

12.2.7.2. Market Revenue and Volume Forecast, by Product

12.2.7.3. Market Revenue and Volume Forecast, by Wafer Size

12.2.7.4. Market Revenue and Volume Forecast, by End-use

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Component

12.2.8.2. Market Revenue and Volume Forecast, by Product

12.2.8.3. Market Revenue and Volume Forecast, by Wafer Size

12.2.8.4. Market Revenue and Volume Forecast, by End-use

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Component

12.3.2. Market Revenue and Volume Forecast, by Product

12.3.3. Market Revenue and Volume Forecast, by Wafer Size

12.3.4. Market Revenue and Volume Forecast, by End-use

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Component

12.3.5.2. Market Revenue and Volume Forecast, by Product

12.3.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.3.5.4. Market Revenue and Volume Forecast, by End-use

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Component

12.3.6.2. Market Revenue and Volume Forecast, by Product

12.3.6.3. Market Revenue and Volume Forecast, by Wafer Size

12.3.6.4. Market Revenue and Volume Forecast, by End-use

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Component

12.3.7.2. Market Revenue and Volume Forecast, by Product

12.3.7.3. Market Revenue and Volume Forecast, by Wafer Size

12.3.7.4. Market Revenue and Volume Forecast, by End-use

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Component

12.3.8.2. Market Revenue and Volume Forecast, by Product

12.3.8.3. Market Revenue and Volume Forecast, by Wafer Size

12.3.8.4. Market Revenue and Volume Forecast, by End-use

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Component

12.4.2. Market Revenue and Volume Forecast, by Product

12.4.3. Market Revenue and Volume Forecast, by Wafer Size

12.4.4. Market Revenue and Volume Forecast, by End-use

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Component

12.4.5.2. Market Revenue and Volume Forecast, by Product

12.4.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.4.5.4. Market Revenue and Volume Forecast, by End-use

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Component

12.4.6.2. Market Revenue and Volume Forecast, by Product

12.4.6.3. Market Revenue and Volume Forecast, by Wafer Size

12.4.6.4. Market Revenue and Volume Forecast, by End-use

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Component

12.4.7.2. Market Revenue and Volume Forecast, by Product

12.4.7.3. Market Revenue and Volume Forecast, by Wafer Size

12.4.7.4. Market Revenue and Volume Forecast, by End-use

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Component

12.4.8.2. Market Revenue and Volume Forecast, by Product

12.4.8.3. Market Revenue and Volume Forecast, by Wafer Size

12.4.8.4. Market Revenue and Volume Forecast, by End-use

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Component

12.5.2. Market Revenue and Volume Forecast, by Product

12.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.5.4. Market Revenue and Volume Forecast, by End-use

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Component

12.5.5.2. Market Revenue and Volume Forecast, by Product

12.5.5.3. Market Revenue and Volume Forecast, by Wafer Size

12.5.5.4. Market Revenue and Volume Forecast, by End-use

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Component

12.5.6.2. Market Revenue and Volume Forecast, by Product

12.5.6.3. Market Revenue and Volume Forecast, by Wafer Size

12.5.6.4. Market Revenue and Volume Forecast, by End-use

Chapter 13. Company Profiles

13.1. ALLEGRO MICROSYSTEMS, INC.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial PerComponentance

13.1.4. Recent Initiatives

13.2. Infineon Technologies AG

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial PerComponentance

13.2.4. Recent Initiatives

13.3. ROHM Co., Ltd.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial PerComponentance

13.3.4. Recent Initiatives

13.4. STMicroelectronics N.V.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial PerComponentance

13.4.4. Recent Initiatives

13.5. ON SEMICONDUCTOR CORPORATION (on semi)

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial PerComponentance

13.5.4. Recent Initiatives

13.6. WOLFSPEED, INC.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial PerComponentance

13.6.4. Recent Initiatives

13.7. Gene Sic Semiconductor

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial PerComponentance

13.7.4. Recent Initiatives

13.8. TT Electronics plc.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial PerComponentance

13.8.4. Recent Initiatives

13.9. Mitsubishi Electric Corporation

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial PerComponentance

13.9.4. Recent Initiatives

13.10. Powerex Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial PerComponentance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global silicon carbide semiconductor devices market size is expected to grow from USD 2.94 billion in 2024 to USD 24.95 billion by 2034.

The silicon carbide semiconductor devices market is anticipated to grow at a CAGR of 23.83% between 2025 and 2034.

The major players operating in the silicon carbide semiconductor devices market are ALLEGRO MICROSYSTEMS, INC., Infineon Technologies AG, ROHM Co., Ltd., STMicroelectronics N.V., ON SEMICONDUCTOR CORPORATION (on semi), WOLFSPEED, INC., Gene Sic Semiconductor, TT Electronics plc., Mitsubishi Electric Corporation, Powerex Inc., Toshiba Corporation, FUJI ELECTRIC CO., LTD., and Others.

The driving factors of the silicon carbide semiconductor devices market are the rising adoption of silicon-based components in renewable energy supports market expansion.

Asia Pacific region will lead the global silicon carbide semiconductor devices market during the forecast period 2025 to 2034.

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