Silicon Carbide Ceramics Market Size was valued at USD 1.2 Billion in 2022. The silicon carbide ceramics industry is projected to grow from USD 1.27 Billion in 2023 to USD 2.027 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2032). The main market driver driving the growth of the silicon carbide ceramics market is the increase in industrialization and widespread industrial use of advanced ceramics for boosting industrial output and achieving greater yield.                   
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market participants are spending on a number of R&D excursions while also enhancing portfolios to boost silicon carbide (SiC) technology applications. Microchip Technology introduced an updated SiC portfolio with additional features in March 2022. The development of silicon carbide (SiC), a key component of power semiconductors used in power electronics, is gaining significant impetus as a result of recent advancements in electric vehicles. The International Energy Agency (IEA) estimates that 3 million electric vehicles will be sold in 2020, a 40% increase from 2019. High-end semiconductors and traction inverters that support preserving vehicle fuel economy and light weight are designed using silicon-carbide (SiC) ceramics. Additionally, these compounds can exhibit such features because these ceramics are made at extraordinarily high temperatures. Industries like aerospace, automotive, chemical, and energy, among others, are aware of some of the most desirable qualities for the creation of their goods, including minimal thermal expansion, high strength, and chemical inertness. The rise of the automobile sector, which uses silicon carbide as a lightweight material, is being driven by rising automotive vehicle sales worldwide as a result of rising disposable income per capita among the world's population. Â sales of cars reached over 64 million units in 2020, and from there they increased to almost 67 million units in 2021.
Furthermore, to create semiconductors, silicon carbide is a common material in the electronics sector. It is projected that increasing semiconductor use would have an impact on market CAGR. It was noted that semiconductor shipments reached over 1.5 trillion units in 2020, an increase of almost 14% over the amount reported in 2020. Additionally, they are essential for the production of third-generation semiconductors, which are utilized to create chips for integrated circuits (IC). With an estimated  trade value of USD 670 billion in 2020, integrated circuits were among the most widely traded goods. These elements are anticipated to support the expansion of the silicon carbide (SiC) ceramics market on a  scale. Thus, driving the silicon carbide ceramics market revenue.
The silicon carbide ceramics market segmentation, based on type includes Pressure Sintered, Reaction Bonded and Recrystallized. The pressure sintered segment dominated the market. Due to its highest grades and other qualities that make it suitable for industrial use, pressure sintered silicon carbide ceramics has amassed the largest market shares.
Figure 1: Silicon Carbide Ceramics Market, by Type, 2022 & 2032 (USD Billion)Â Â Â Â Â Â Â Â Â Â Â Â Â 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The silicon carbide ceramics market segmentation, based on application, includes Electrical & Electronics, Automotive, Machine Manufacturing, Metallurgic, Aerospace & Defense, Metal Mining and Industrial. The electrical & electronics category generated the most income. Because of their exceptional qualities, silicon carbide ceramics are perfect for a variety of electrical & electronics applications. These qualities include high thermal conductivity, good electrical performance, and high temperature stability. Metal-oxide-semiconductor field-effect transistors (MOSFETs), diodes, and other high-voltage, high-temperature, and high-frequency components are all made using silicon carbide ceramics. Additionally, these ceramics are utilised in wafer handling equipment, heat sinks, and substrates for semiconductor components.
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific silicon carbide ceramics market area will dominate this market. The region is a significant hub for manufacturing for a number of sectors, including the automobile, electronics, aerospace, and energy industries. The need for silicon carbide ceramics in the region is being fueled by the quick industrialization, urbanization, and infrastructural development taking place in nations like China, Japan, South Korea, and India. In addition, the demand for silicon carbide ceramics is rising in the Asia-Pacific region due to the region's expanding emphasis on renewable energy, electric vehicles, and high-performance electronics.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SILICON CARBIDE CERAMICS MARKET SHARE BY REGION 2022 (USD Billion)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's silicon carbide ceramics market accounts for the second-largest market share due to the expansion of the automotive sector and the rising popularity of electric vehicles. Due to their greater technical connectivity than conventional cars, hybrid and electric vehicles are becoming more and more popular. Furthermore, due to its high efficiency and low electrical conductivity, which enable speedy battery recharge, silicon carbide ceramics have a lot of potential in the automobile industry, particularly for hybrid and electric vehicles. Further, the German silicon carbide ceramics market held the largest market share, and the UK silicon carbide ceramics market was the fastest growing market in the European region
The North America Silicon carbide ceramics Market is expected to grow at the fastest CAGR from 2023 to 2032 because there is a greater need for sophisticated ceramics in sectors including the automobile, aerospace, electronics, and energy. The area has a strong industrial foundation and acts as a centre for technological breakthroughs, which boosts demand for silicon carbide ceramics. The demand for silicon carbide ceramics in North America is also rising as renewable energy, energy efficiency, and electric vehicles become more and more important. Moreover, US silicon carbide ceramics market held the largest market share, and the Canada silicon carbide ceramics market was the fastest growing market in the region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the silicon carbide ceramics market, grow even more. Market participants are also undertaking a variety of 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 rising market climate, silicon carbide ceramics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the silicon carbide ceramics industry to benefit clients and increase the market sector. In recent years, the silicon carbide ceramics industry has offered some of the most significant advantages to the market. Major players in the silicon carbide ceramics market attempting to increase market demand by investing in research and development operations include Fuji Electric Co. Ltd. (Tokyo Japan), ROHM Co. Ltd. (Kyoto Japan), Infineon Technologies AG, STMicroelectronics N.V., and CREE INC.
Fuji Electric Co Ltd (Fuji Electric) manufactures electrical goods. Among its commercial operations are the production of thermal, geothermal, and hydraulic power as well as nuclear power-related equipment, solar power generation systems, watt-hour meters, energy management systems, and information systems. Additionally, the company offers factory energy management systems, industrial drive systems, heating and induction furnace equipment, industrial power supply equipment, data centers, transmission and distribution equipment, clean room facilities, measurement systems, plant control systems, and radiation monitoring systems.
A supplier of semiconductor solutions is Infineon Technologies AG. The business creates, develops, produces, and sells application-specific integrated circuits. It provides products for radio frequency, sensors, interfaces, microcontrollers, and transistors. The company's products are used in a variety of industries, including automotive, industrial power control, computers and data storage, consumer electronics, switches and routers, sensing systems, and security in Internet of Things applications.
June 2020: A development agreement has been established between Vitesco Technologies, an electric vehicle manufacturer based in Germany, and ROHM Semiconductor, a manufacturer and designer of semiconductors, integrated circuits (ICs), and other electronic components. By collaborating with ROHM Semiconductor, Vitesco Technologies can use silicon carbide ceramics components to improve the energy efficiency of electric vehicles.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.2 Billion |
| Market Size 2023 | USD 1.27 Billion |
| Market Size 2032 | USD 2.027 Billion |
| Compound Annual Growth Rate (CAGR) | 6.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Fuji Electric Co. Ltd. (Tokyo Japan), ROHM Co. Ltd. (Kyoto Japan), Infineon Technologies AG, STMicroelectronics N.V. and CREE INC. |
| Key Market Opportunities | Advancement in ceramic technology as an industrial output is being pushed by the industrial sector's rate of growth |
| Key Market Dynamics | The demand for end users in the industries is increasing, according to current market trends |
Frequently Asked Questions (FAQ) :
The silicon carbide ceramics market size was valued at USD 1.2 Billion in 2022.
The market is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2032.
Asia Pacific had the largest share in the Silicon Carbide Ceramics Market
The key players in the market are Fuji Electric Co. Ltd. (Tokyo Japan), ROHM Co. Ltd. (Kyoto Japan), Infineon Technologies AG, STMicroelectronics N.V., and CREE INC.
The pressure sintered category dominated the Silicon Carbide Ceramics Market in 2022.
The electrical & electronics category had the largest share in the Silicon Carbide Ceramics Market
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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