SiC power devices can soon represent 30% of the overall power device market

SiC power semiconductors will soon represent 30% of the overall power device market in the next 5 years Yole Group says.

Without doubt, the SiC industry (from crystal to modules, including devices) has a very high growth rate. At Yole Groupo, we estimate that billions of $ are invested in both crystal and wafer manufacturing as well as device processing, with a market potential of $6 billion by 2027, up from around $1 billion in 2021.

The market’s growth is linked to the electrification of transportation. Industry players, including STMicroelectronics, Wolfspeed, Rohm, Infineon Technologies, onsemi, and multiple Chinese companies, have invested more than $15 billion since 2019.

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