SiC-on-Insulator (SiCOI) Film Market Size, Share and Industry Growth Analysis Report To 2029

 The SiC-on-insulator (SiCOI) film market is projected to reach USD 1,134 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% from 2024 to 2029. 

Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are some major factors driving the growth of the SiC-on-Insulator (SiCOI) film market. Moreover, Industry collaborations, involving SiCCOI film manufacturers, and power device manufacturers, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.

Smart Cut technology to dominate the SiC-on-Insulator (SiCOI) film market from 2024 to 2029.

SOITEC Smart Cut technology represents a significant breakthrough in substrate engineering, providing unprecedented control over the thickness and composition of each wafer layer to meet specific technological demands. Beyond its technical merits, the scalability and industrial applicability of the Smart Cut technology distinguish it, with the technology currently in use at several manufacturing sites for high-volume production. Its compatibility with standard semiconductor-processing tools and adaptability to different wafer sizes offer manufacturers considerable flexibility in device fabrication, and SOITEC has started leveraging this technology to produce SmartSiC substrates, targeting the booming demand for SiC in electric vehicles as a key component in the EU's decarbonization strategy, as SiC enhances EVs by increasing power density and reducing size, weight, and cost.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219983941

150 mm films to register highest CAGR in the SiC-on-Insulator (SiCOI) film market during forecast period.

150 mm (6-inch) SiCOI film segment is experiencing rapid growth, driven by the increasing adoption of SiC in power electronics and other applications. SOITEC, a global leader in engineered substrates, is a key player in the 150 mm SiC-on-Insulator (SiCOI) film market, offering advanced solutions for power electronics in EVs, renewable energy systems, and industrial applications. Moreover, as a leading manufacturer, SOITEC employs its proprietary Smart Cut process to create these 150 mm SiCOI films, catering to the surging demand. With such innovative manufacturing techniques, the SiC-on-Insulator (SiCOI) film market is expected to grow considerably, with investments ramping up in production and supply chain capabilities to fulfill the increasing industry needs.

Europe accounted for the second largest share of the market in 2023.

The SiC-on-Insulator (SiCOI) film market in Europe is poised for substantial growth, driven by the continent’s dedication to sustainability, advancements in renewable energy, and the automotive sector’s shift toward electrification. Supporting this trajectory are initiatives from European governments and the wide-reaching influence which have launched programs and policies aimed at nurturing the development of bandgap semiconductor technologies, including those based on Silicon Carbide (SiC). A key example of this support is the Important Projects of Common European Interest (IPCEI) initiative, which has channeled significant resources into bolstering the SiC ecosystem across Europe. This initiative underscores Europe’s commitment to leading in the semiconductor technology space, specifically in areas critical to the continent’s green and digital transitions.

Key Players

Collaborations between SiC-on-Insulator (SiCOI) film market players, and power device manufacturers, along with the presence of major global company like SOITEC (France) contribute to the region's leadership in the global SiC-on-Insulator (SiCOI) film market.

Know more Information  @ https://www.marketsandmarkets.com/Market-Reports/sic-on-insulator-sicoi-film-market-219983941.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441