According to a recent market study published by Growth Market Reports, titled, “Global Sic Substrates Market” by type, by end-use industry, and by region: Size, Share, trends and opportunity Analysis, 2015-2030”, the market was valued at USD 269.4 Million in 2021 and is expected to grow at a growth rate of 20.4% by the year 2030.

As per Growth Market Reports industry analyst Divjot Singh, “Global Sic Substrates Market” is anticipated to witness significant growth during the forecast period 2022-2030.

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Silicon carbide is a hard, synthetically produced crystalline compound of silicon and carbon. Since the late 19th century, silicon carbide has been an important material for sandpapers, grinding wheels, and cutting tools. It has applications in refractory linings and heating elements for industrial furnaces, in wear-resistant parts for pumps and rocket engines, and in semiconducting substrates for light-emitting diodes.  Silicon carbide (SiC) crystals have distinct physical and electronic properties. Silicon carbide has short wavelength optoelectronic, high temperature, and radiation resistance applications in devices. Furthermore, SiC-based high-power and high-frequency electronic devices outperform Si and GaAs-based devices.

Key factors such as growing demand for SiC in power electronics and rising applications of SiC devices in the semiconductor industry are anticipated to propel the growth of the market during the forecast period. Conversely, the high material cost and fabrication cost of SiC devices are likely to restrain the market. The development of SiC power diodes and growing opportunities for market players in the semiconductor industry is creating opportunities in the market.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the SiC Substrates supply chain include manufacturers, suppliers/distributors, and end-users. Silicon carbide substrate is manufactured using raw materials, such as raw silicon carbide powder. Presence of major suppliers and distributors, adoption of technologies, availability of raw materials, and presence of an integrated logistics industry are some factors that strengthened the supply chain of SiC Substrates in developed region.

The primary as well as secondary research methodology is used for keen observation and study of the global SiC Substrates market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has negatively impacted the market due to the decrease in demand of SiC substrates from end use industry. COVID-19 had a negative impact on the market, due to disruption in supply and demand for SiC substrates. Rapid spread of coronavirus had a major impact on global markets, as major economies of the world are in lockdown due to the pandemic. Hence, all the consumer markets started to show zero interest towards purchasing of automotive and consumer durable goods. Globally, COVID-19 disturbed the economic growth of several countries such as India, the UK, France, Italy, Germany, and the US. Manufacture of SiC substrates was kept on hold or delayed, as the supply of products was restricted globally.

Key Takeaways from the Study

  • The players include WOLFSPEED, INC., SiCrystal GmbH, SICC Co., Ltd., Coherent Corp., Sk Siltron css, Entegris, CoorsTek, PAM-XIAMEN, Atecom Technology Co.,Ltd., AMERICAN ELEMENTS.
  • Based on type the global SiC Substrates market is segmented into Semi-insulating SiC Substrates, Conductive SiC Substrates. The semi-insulating SiC substrates segment is projected to acquire significant market share. Semi-insulating SiC substrates are a special class of semiconductor materials, as they possess a special limiting behavior. Semi-insulating substrates exhibit close to the minimum dark carrier density permissible for a given band gap.
  • Based on end use industry the SiC Substrates market is segmented into Consumer Electronics, Automotive, Energy & Power, IT & Telecommunication, Aerospace & Defense, and Others. The consumer electronics segment is projected to dominate the market during the forecast period. The growth of the segment is attributed to the ongoing adoption of SiC substrate-based semiconductors in consumer electronics such as mobile phones, laptops, and LED lighting.
  • Asia Pacific is expected to dominate the market during the forecast period, owing to the growing semiconductor industry and usage of SiC substrates in semiconductor devices.

Report Scope

Report Metric


Market Value in 2021

USD 269.4 Million

Market Growth Rate (from 2020 to 2028)


Historical Data

2019 & 2020

Base Year


Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

by Type, and by End use Industry

Key Companies Profiled

WOLFSPEED, INC., SiCrystal GmbH, SICC Co., Ltd., Coherent Corp., Sk Siltron css, Entegris, CoorsTek, PAM-XIAMEN, Atecom Technology Co.,Ltd., AMERICAN ELEMENTS.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

•            Supply-side: Manufacturers and distributors
•            Demand Side: Consumer Industry, Energy & Power, Automotive, IT & Telecommunication,
              Aerospace, and Defense & Military.          
•            Regulatory Side: Concerned government authorities, and other regulatory bodies.