Aluminum Silicon Carbide (AlSiC) Market Size | Forecast 2031

Report Description

Aluminum Silicon Carbide (AlSiC) Market Outlook 2031

The Global Aluminum Silicon Carbide (AlSiC) market was valued at USD 78.10 Billion in 2022 and is projected to reach USD 146.02 Billion by 2031, expanding at a CAGR of 7.2% during the forecast period, 2023-2031. AlSiC (Aluminum Silicon Carbide) is a compound material which combines silicon carbide elements in an aluminum alloy matrix.

AlSiC has high thermal conductivity, lightweight, and controlled thermal expansion. It offers superior thermal management for high technology electronic applications in a cost-effective, lightweight materials. AlSiC is widely used in microelectronics as a substrate for high-density multi-chip modules and power semiconductor devices, where it helps eliminate waste heat.

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The low material density of AlSiC makes it preferred choice for weight-sensitive applications such as space-borne, portable devices, and airborne. AlSiC is widely used owing to its superior properties such as environmental resistance, lightweight, superior mechanical properties, low thermal expansion, excellent mechanical damping, and high thermal conductivity.

Moreover, its cost is comparatively lower than other metal products, and thus it is used in various industries such as aerospace, electrical & electronics, and automotive & transportation.

Aluminum Silicon Carbide (AlSiC) Market Dynamics

The supreme AlSiC material properties along with concurrent integration and net-shape fabrication possess cost-effective manufacturing and it offers high-performance thermal management, resulting in functional packaging designs. Net-shape is the ability to fabricate materials and package geometry without finish machining and concurrent integration that excludes the requirement for subsequent soldering and brazing, which decreases the total packaging cost.

Increasing demand for microelectronics and electronic packaging material and system for thermal management, functionality, and weight requirements is resulting in cost-effective solutions for processing technologies to provide high-performance packaging.

Rising demand for AlSiC in aerospace application due to the increasing demand for airplanes and passenger traffic is driving the global market. AlSiC is used for producing aerospace parts such as airplane wings, as the material has outstanding property and is lighter in weight than aluminum alloy. Thus, aluminum alloy is replaced with AlSiC. In the defense and military sector, AlSiC properties such as lightweight, superior mechanical capabilities, low thermal expansion, and environmental resistance make it a preferred material for manufacturing defense and military vehicles, armor, and aircraft body.

This, in turn, is driving the market. Furthermore, AlSiC has high thermal conductivity; therefore, its demand is high from the electronics industry, thus propelling the growth of the market.

AlSiC has lower density than traditional metal components, which makes it a suitable material for convenient electronics such as space-based applications and laptops. Additionally, its thermal properties increase its usage for optoelectronic and electronic application packaging. AlSiC packaging is produced at a lower price than the traditional packaging material, and thus the former is expected to replace the latter, thereby creating lucrative opportunities in the aluminum silicon carbide (AlSiC) market.

High processing costs of the methods (excluding casting), technological difficulties regarding the machining of composites after preparation, and availability of low-cost reinforcement are expected to restraint the global aluminum silicon carbide (AlSiC) market.

Scope of The Aluminum Silicon Carbide (AlSiC) Market Report

The report on the aluminum silicon carbide (AlSiC) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Aluminum Silicon Carbide (AlSiC) Market Segmental Outlook

By composition, the aluminum silicon carbide (AlSiC) market has been segmented into Al70/SiC30, Al50/SiC50, Al40/SiC60, Al60/SiC40, and others. The Al60/SiC40 segment is expected to hold a significant share of the market and is projected to expand at a considerable CAGR during the forecast period. AlSiC is used as an advanced packaging material for high technology thermal management.

It is compatible with a wide range of metallic and ceramic substrate and plating materials used in microelectronic packaging for aerospace, automotive, microwave applications.

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By production process, the aluminum silicon carbide (AlSiC) market has been segmented into liquid metal infiltration, powder metallurgy, casting, and deposition techniques. The casting segment is expected to constitute a substantial share of the market and is anticipated to expand at a considerable CAGR during the forecast period. Casting is a widely accepted process for the production of AlSiC, as it offers several advantages and is a cost-effective process.

Moreover, replacement of old production techniques with new technologies for the production of AlSiC is expected to create lucrative opportunities in the market.

By application, the aluminum silicon carbide (AlSiC) market has been segmented into aerospace & defense, automotive, machined components, electronics & semiconductors, and others. The electronics & semiconductors segment is expected to hold considerable share of the market and is projected to expand at a high CAGR during the forecast period, owing to the increasing application of AlSiC in electronic packaging.

This, in turn, is propelling the electronics & semiconductors segment. Moreover, increasing demand for electronic and microelectronics packaging systems and materials due to its properties such as less weight, and high thermal management. These requirements have encouraged the growth of processing technologies and new materials to offer cost-effective high performance packaging solutions.

AlSiC composite packages offer unique material properties that are ideally suitable for the above-mentioned requirements.

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Aluminum Silicon Carbide (AlSiC) Market Regional Outlook

In terms of regions, the global aluminum silicon carbide (AlSiC)s market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for highest share of the market and is projected to expand at a considerable CAGR during the forecast period. Rising application of AlSiC in the electronic & semiconductor industry and the aerospace industry is expected to propel the market in the region.

The market in Asia Pacific is anticipated to expand at highest CAGR during the forecast period, owing to the presence of players in the region. Moreover, rising demand for AlSiC in various industries such as aerospace & defense, electronics, machine components, and automotive is expected to boost the market in the region.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Aluminum Silicon Carbide (AlSiC) Market

• Historical, Current and Projected Market Size in terms of Value and Volume (Metric Tons)

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Aluminum Silicon Carbide (AlSiC) Market Performance