Table of Content

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SILICON CARBIDE MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 SILICON CARBIDE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Major primary interview participants
                    2.1.3.2 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Key industry insights
    2.2 FACTOR ANALYSIS 
           2.2.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN SILICON CARBIDE MARKET
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (TOP-DOWN, SUPPLY-SIDE) – ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN SILICON CARBIDE MARKET
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to obtain market share using bottom-up analysis (demand side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach to obtain market share using top-down analysis (supply side)
                               FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 GROWTH PROJECTION AND FORECAST-RELATED ASSUMPTIONS
                    TABLE 1 MARKET GROWTH ASSUMPTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 SILICON CARBIDE MARKET: DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
           TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT
           2.5.1 RECESSION IMPACT ANALYSIS
                    TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON SILICON CARBIDE MARKET
    2.6 STUDY LIMITATIONS 
    2.7 RISK ASSESSMENT 
           TABLE 4 RISK ASSESSMENT: SILICON CARBIDE MARKET
3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 10 AUTOMOTIVE SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 11 >150 MM WAFERS TO WITNESS HIGHER CAGR IN SILICON CARBIDE MARKET DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC TO LEAD SILICON CARBIDE MARKET, IN TERMS OF VALUE, FROM 2023 TO 2028
    3.1 IMPACT OF RECESSION ON SILICON CARBIDE MARKET 
           FIGURE 13 PRE- AND POST-RECESSION IMPACT ON SILICON CARBIDE MARKET, 2019–2028
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON CARBIDE MARKET 
           FIGURE 14 EVOLVING RENEWABLE ENERGY APPLICATIONS OF SIC TO DRIVE SILICON CARBIDE MARKET GROWTH
    4.2 SILICON CARBIDE MARKET, BY DEVICE 
           FIGURE 15 SIC MODULE SEGMENT TO RECORD HIGHER CAGR IN SILICON CARBIDE MARKET DURING FORECAST PERIOD
    4.3 SILICON CARBIDE MARKET FOR AUTOMOTIVE APPLICATIONS, BY REGION 
           FIGURE 16 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SILICON CARBIDE MARKET FOR AUTOMOTIVE APPLICATIONS THROUGHOUT FORECAST PERIOD
    4.4 SILICON CARBIDE MARKET, BY REGION 
           FIGURE 17 ASIA PACIFIC TO HOLD LARGEST SHARE OF SILICON CARBIDE MARKET, IN TERMS OF VALUE, IN 2028
    4.5 SILICON CARBIDE MARKET, BY COUNTRY 
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR IN GLOBAL SILICON CARBIDE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 SILICON CARBIDE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Benefits of silicon carbide over silicon
                               FIGURE 20 COMPARISON OF QUALITY PARAMETERS FOR SIC AND SI MATERIALS
                    5.2.1.2 Increasing use of SiC devices in power electronics
                    5.2.1.3 Better mechanical, electrical, and thermal properties of SiC than regular silicon
                               TABLE 5 SILICON CARBIDE (SIC) VS. SILICON (SI), BY CHARACTERISTIC AND MEASUREMENT
                    5.2.1.4 Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production
                               FIGURE 21 NUMBER OF EV CHARGING STATIONS IN INDIA BY 2030
                               FIGURE 22 DRIVERS AND THEIR IMPACT ON SILICON CARBIDE MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Availability of substitute materials such as gallium nitride
                               TABLE 6 MATERIAL PROPERTY COMPARISON: SILICON CARBIDE (SIC) VS. SILICON (SI) VS. GALLIUM NITRIDE (GAN)
                    5.2.2.2 High cost of raw materials and fabrication
                               FIGURE 23 RESTRAINTS AND THEIR IMPACT ON SILICON CARBIDE MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Evolving renewable energy applications of SiC
                    5.2.3.2 Increasing use of SiC in electric vehicles
                    5.2.3.3 Growing implementation of SiC devices in automotive and power device applications
                               FIGURE 24 OPPORTUNITIES AND THEIR IMPACT ON SILICON CARBIDE MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Material defects and designing and packaging issues in SiC power devices
                               FIGURE 25 CHALLENGES AND THEIR IMPACT ON SILICON CARBIDE MARKET
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 26 VALUE CHAIN OF SILICON CARBIDE MARKET
           TABLE 7 SILICON CARBIDE MARKET: ECOSYSTEM
    5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN SILICON CARBIDE MARKET 
           FIGURE 27 REVENUE SHIFT IN SILICON CARBIDE MARKET
    5.5 SILICON CARBIDE MARKET ECOSYSTEM 
           FIGURE 28 SILICON CARBIDE ECOSYSTEM
    5.6 AVERAGE SELLING PRICE ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE OF SILICON CARBIDE WAFERS
                    FIGURE 29 AVERAGE SELLING PRICE OF SILICON CARBIDE WAFERS
                    TABLE 8 AVERAGE SELLING PRICE OF SIC WAFERS, BY SIZE (USD)
           5.6.2 AVERAGE SELLING PRICE TREND
                    TABLE 9 AVERAGE PRICE: SILICON CARBIDE, BY DEVICE (USD)
                    FIGURE 30 AVERAGE SELLING PRICE: SILICON CARBIDE, BY DEVICE (USD)
    5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS
                    TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE APPLICATIONS (%)
           5.7.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
                    TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END-USE APPLICATIONS
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 12 SILICON CARBIDE MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 33 PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 CASE STUDIES 
           5.9.1 SEMIPOWEREX INCREASES SWITCHING FREQUENCY AND REDUCES COST BY USING QORVO’S SIC DEVICES
           5.9.2 SIGNET EV ACHIEVES HIGHER EFFICIENCY AND IMPROVES NOISE IMMUNITY AND DURABILITY BY DEPLOYING QORVO’S EASY-TO-USE SIC DIODES IN ITS FAST-CHARGING STATION
    5.10 TRADE ANALYSIS 
           5.10.1 IMPORT SCENARIO
                    TABLE 13 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                    TABLE 14 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
    5.11 PATENT ANALYSIS, 2012–2022 
           FIGURE 34 NUMBER OF PATENTS GRANTED FOR SILICON CARBIDE, 2012–2022
           FIGURE 35 REGIONAL ANALYSIS OF PATENTS GRANTED FOR SILICON CARBIDE DEVICES, 2022
           TABLE 15 KEY PATENTS PERTAINING TO SILICON CARBIDE MARKET, 2021–2023
    5.12 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 16 SILICON CARBIDE MARKET: MAJOR CONFERENCES AND EVENTS
    5.13 STANDARDS AND REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS
    5.14 TARIFF ANALYSIS 
           TABLE 20 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY CHINA (2021)
           TABLE 21 TARIFF FOR CARBIDES OF SILICON COVERED UNDER HS CODE 284920 EXPORTED BY US (2021)
6 APPLICATIONS OF SILICON CARBIDE (Page No. - 84)
    6.1 INTRODUCTION 
    6.2 RF DEVICES AND CELLULAR BASE STATIONS 
           6.2.1 GROWING CONNECTIVITY AND CELLULAR TECHNOLOGY TO PROPEL MARKET
    6.3 POWER GRID DEVICES 
           6.3.1 DEPLOYMENT OF SIC DEVICES IN POWER GRIDS FOR EFFICIENT POWER DISTRIBUTION TO FUEL GROWTH
    6.4 FLEXIBLE AC TRANSMISSION SYSTEMS 
           6.4.1 IMPLEMENTATION OF SIC IN FLEXIBLE AC TRANSMISSION SYSTEMS TO REDUCE POWER LOSS TO FUEL MARKET
    6.5 HIGH-VOLTAGE DIRECT CURRENT (HVDC) SYSTEMS 
           6.5.1 RISING USE OF HVDC SYSTEMS TO ACHIEVE LOW LOSSES TO INCREASE DEMAND FOR SIC DEVICES
    6.6 POWER SUPPLIES AND INVERTERS 
           6.6.1 INTEGRATION OF SIC DEVICES INTO POWER SUPPLIES FOR IMPROVED POWER EFFICIENCY TO STIMULATE MARKET GROWTH
    6.7 LIGHTING CONTROLS 
           6.7.1 IMPLEMENTATION OF SIC TECHNOLOGY TO FABRICATE DURABLE LEDS TO ACCELERATE MARKET GROWTH
    6.8 INDUSTRIAL MOTOR DRIVE 
           6.8.1 INCREASING USE OF SIC MODULES IN INDUSTRIAL MOTORS TO FUEL MARKET GROWTH
    6.9 FLAME DETECTORS 
           6.9.1 SURGING DEMAND FOR FLAME DETECTORS FOR HUMAN SAFETY TO FUEL MARKET GROWTH
    6.10 EV MOTOR DRIVES 
           6.10.1 DEPLOYMENT OF SIC-BASED DEVICES IN EV MOTOR DRIVES TO BOOST MARKET
    6.11 EV CHARGING SYSTEMS 
           6.11.1 GROWING PRODUCTION OF ELECTRIC VEHICLES TO FUEL SIC MARKET GROWTH
    6.12 ELECTRONIC COMBAT SYSTEMS 
           6.12.1 CAPABILITY TO OPERATE AT HIGH TEMPERATURES WITH HIGH SWITCHING FREQUENCY PROPELS DEMAND FOR SILICON CARBIDE
    6.13 WIND TURBINES 
           6.13.1 UTILIZATION OF SIC DEVICES IN WIND TURBINES TO REDUCE ENERGY LOSS AND COST TO FUEL MARKET
    6.14 SOLAR POWER SYSTEMS 
           6.14.1 RISING DEMAND FOR SIC DEVICES IN SOLAR POWER SYSTEMS TO FUEL MARKET GROWTH
    6.15 OTHERS 
7 SILICON CARBIDE MARKET, BY WAFER SIZE (Page No. - 90)
    7.1 INTRODUCTION 
           FIGURE 36 UP TO 150 MM SEGMENT TO WITNESS LARGER SHARE OF SILICON CARBIDE MARKET DURING FORECAST PERIOD
           TABLE 22 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019–2022 (USD MILLION)
           TABLE 23 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023–2028 (USD MILLION)
           TABLE 24 SILICON CARBIDE MARKET, BY WAFER SIZE, 2019–2022 (THOUSAND UNITS)
           TABLE 25 SILICON CARBIDE MARKET, BY WAFER SIZE, 2023–2028 (THOUSAND UNITS)
    7.2 UP TO 150 MM 
           7.2.1 HIGH RESISTANCE TO THERMAL SHOCKS TO BOOST NEED FOR 150 MM SIC WAFERS
           TABLE 26 CHARACTERISTICS OF SIC WAFERS, BY DIAMETER
    7.3 >150 MM 
           7.3.1 GROWING NEED FOR COMPACT AND MORE EFFICIENT SIC DEVICES TO ACCELERATE USE OF >150 MM WAFERS
8 SILICON CARBIDE MARKET, BY DEVICE (Page No. - 94)
    8.1 INTRODUCTION 
           FIGURE 37 SIC MODULE SEGMENT TO LEAD SILICON CARBIDE MARKET THROUGHOUT FORECAST PERIOD
           TABLE 27 SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
           TABLE 28 SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
    8.2 SIC DISCRETE DEVICE 
           8.2.1 SIC DIODE
                    8.2.1.1 Increasing adoption of SiC diodes in commercial products to fuel segmental growth
           8.2.2 SIC MOSFET
                    8.2.2.1 Rising need for SiC MOSFETs in automotive sector to boost segmental growth
                               TABLE 29 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2019–2022 (USD MILLION)
                               TABLE 30 SILICON CARBIDE MARKET, BY SIC DISCRETE DEVICE TYPE, 2023–2028 (USD MILLION)
                               FIGURE 38 ASIA PACIFIC TO DOMINATE SIC DISCRETE DEVICE MARKET DURING FORECAST PERIOD
                               TABLE 31 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 32 SIC DISCRETE DEVICE: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
                               FIGURE 39 CHINA TO COMMAND SIC DISCRETE DEVICE MARKET DURING FORECAST PERIOD
                               TABLE 33 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 34 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 35 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 36 EUROPE: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 37 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 38 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 39 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 40 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC DISCRETE DEVICES, BY REGION, 2023–2028 (USD MILLION)
    8.3 SIC MODULE 
           8.3.1 INTEGRATION OF SIC POWER DEVICES INTO INDUSTRIAL POWER EQUIPMENT TO DRIVE MARKET
                    FIGURE 40 CHINA TO CAPTURE LARGEST SHARE OF SILICON CARBIDE MARKET FOR SIC MODULES IN 2028
                    TABLE 41 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 42 ASIA PACIFIC: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 43 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 44 EUROPE: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 45 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 46 NORTH AMERICA: SILICON CARBIDE MARKET FOR SIC MODULES, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 47 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 48 REST OF THE WORLD: SILICON CARBIDE MARKET FOR SIC MODULES, BY REGION, 2023–2028 (USD MILLION)
9 SILICON CARBIDE MARKET, BY END-USE APPLICATION (Page No. - 106)
    9.1 INTRODUCTION 
           FIGURE 41 AUTOMOTIVE SEGMENT TO DOMINATE SILICON CARBIDE MARKET DURING FORECAST PERIOD
           TABLE 49 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)
           TABLE 50 SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)
    9.2 AUTOMOTIVE 
           9.2.1 RAPID ADOPTION OF ELECTRIC VEHICLES TO PROPEL MARKET
                    TABLE 51 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 52 AUTOMOTIVE: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 ENERGY & POWER 
           9.3.1 RENEWABLE POWER GENERATION
                    9.3.1.1 Increasing use of SiC in wind turbines, solar inverters, and EV chargers to boost market
                               TABLE 53 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 54 ENERGY & POWER: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 INDUSTRIAL 
           9.4.1 HIGH STRENGTH, WEAR RESISTANCE, AND THERMAL CONDUCTIVITY FEATURES TO INCREASE SIC DEMAND IN INDUSTRIAL APPLICATIONS
                    TABLE 55 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 56 INDUSTRIAL: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 TRANSPORTATION 
           9.5.1 CHARGING STATIONS
                    9.5.1.1 Rising adoption of SiC devices in charging stations due to their resistance to thermal and electrical stress
           9.5.2 RAIL
                    9.5.2.1 Growing implementation of SiC for increased safety and efficiency and reduced maintenance requirements
                               TABLE 57 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 58 TRANSPORTATION: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 TELECOMMUNICATIONS 
           9.6.1 RADAR SYSTEMS, RF ELECTRONICS, AND WIRELESS DATA TECHNOLOGY TO BE POTENTIAL APPLICATIONS OF SIC IN TELECOMMUNICATIONS
                    TABLE 59 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 60 TELECOMMUNICATIONS: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.7 OTHERS 
           TABLE 61 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 62 OTHERS: SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
10 SILICON CARBIDE MARKET, BY REGION (Page No. - 119)
     10.1 INTRODUCTION 
             FIGURE 42 ASIA PACIFIC PROJECTED TO HOLD LARGEST MARKET SHARE IN 2028
             TABLE 63 SILICON CARBIDE MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 64 SILICON CARBIDE MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 43 NORTH AMERICA: SILICON CARBIDE MARKET SNAPSHOT
             TABLE 65 NORTH AMERICA: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 67 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)
             TABLE 68 NORTH AMERICA: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 44 AUTOMOTIVE SEGMENT TO DOMINATE SILICON CARBIDE MARKET IN NORTH AMERICA IN 2028
             TABLE 69 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
             TABLE 70 NORTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Prominent presence of various silicon carbide manufacturers to foster growth
                                     TABLE 71 US: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 72 US: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Government initiatives promoting use of EVs to increase demand for SiC devices
                                     TABLE 73 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 74 CANADA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.2.3 MEXICO
                        10.2.3.1 Growing distribution network of SiC device manufacturers to expedite market growth
                                     TABLE 75 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 76 MEXICO: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.2.4 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN NORTH AMERICA
     10.3 EUROPE 
             FIGURE 45 EUROPE: SILICON CARBIDE MARKET SNAPSHOT
             TABLE 77 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 78 EUROPE: SILICON CARBIDE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 79 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)
             TABLE 80 EUROPE: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 46 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SILICON CARBIDE MARKET IN EUROPE IN 2028
             TABLE 81 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
             TABLE 82 EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Presence of top automotive companies to provide opportunities for SiC device manufacturers
                                     TABLE 83 UK: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 84 UK: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Germany to dominate European silicon carbide market during forecast period
                                     TABLE 85 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 86 GERMANY: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.3.3 FRANCE
                        10.3.3.1 Adoption of renewable energy to drive market
                                     TABLE 87 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 88 FRANCE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.3.4 REST OF EUROPE
                        TABLE 89 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                        TABLE 90 REST OF EUROPE: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.3.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN EUROPE
     10.4 ASIA PACIFIC 
             FIGURE 47 ASIA PACIFIC: SILICON CARBIDE MARKET SNAPSHOT
             TABLE 91 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 92 ASIA PACIFIC: SILICON CARBIDE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 93 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)
             TABLE 94 ASIA PACIFIC: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 48 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF SILICON CARBIDE MARKET IN ASIA PACIFIC IN 2028
             TABLE 95 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
             TABLE 96 ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Mass production of electric vehicles to foster demand for SiC devices
                                     FIGURE 49 EV SALES IN CHINA, 2021–2025
                                     TABLE 97 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 98 CHINA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.4.2 JAPAN
                        10.4.2.1 Increasing R&D on SiC devices to propel market
                                     TABLE 99 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 100 JAPAN: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.4.3 SOUTH KOREA
                        10.4.3.1 Large-scale consumer electronics and automobile manufacturing to spur demand for SiC devices
                                     TABLE 101 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 102 SOUTH KOREA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.4.4 REST OF ASIA PACIFIC
                        TABLE 103 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                        TABLE 104 REST OF ASIA PACIFIC: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.4.5 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN ASIA PACIFIC
     10.5 REST OF THE WORLD 
             TABLE 105 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
             TABLE 106 REST OF THE WORLD: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             TABLE 107 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2019–2022 (USD MILLION)
             TABLE 108 REST OF THE WORLD: SILICON CARBIDE MARKET, BY END-USE APPLICATION, 2023–2028 (USD MILLION)
             FIGURE 50 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST SHARE OF SILICON CARBIDE MARKET IN REST OF THE WORLD IN 2028
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Increasing renewable energy production to induce market growth
                                     TABLE 109 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 110 MIDDLE EAST & AFRICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Growing telecom industry to lead to increased demand for SiC devices
                                     TABLE 111 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2019–2022 (USD MILLION)
                                     TABLE 112 SOUTH AMERICA: SILICON CARBIDE MARKET, BY DEVICE, 2023–2028 (USD MILLION)
             10.5.3 IMPACT OF RECESSION ON SILICON CARBIDE MARKET IN REST OF THE WORLD
11 COMPETITIVE LANDSCAPE (Page No. - 150)
     11.1 OVERVIEW 
     11.2 MARKET EVALUATION FRAMEWORK 
             TABLE 113 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SILICON CARBIDE DEVICE PROVIDERS
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC STRATEGIES
     11.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 114 SILICON CARBIDE MARKET: MARKET SHARE ANALYSIS (2022)
     11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 
             FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN SILICON CARBIDE MARKET, 2018 TO 2022
     11.5 COMPANY EVALUATION QUADRANT 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 52 SILICON CARBIDE MARKET: COMPANY EVALUATION QUADRANT, 2022
     11.6 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 
                        TABLE 115 SILICON CARBIDE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 116 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN SILICON CARBIDE MARKET
                        TABLE 117 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (END-USE APPLICATION FOOTPRINT)
                        TABLE 118 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (DEVICE FOOTPRINT)
                        TABLE 119 SILICON CARBIDE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/ SMES (REGION FOOTPRINT)
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 53 STARTUPS/SMES EVALUATION QUADRANT
     11.7 COMPANY FOOTPRINT 
             TABLE 120 COMPANY FOOTPRINT
             TABLE 121 COMPANY-WISE END-USE APPLICATION FOOTPRINT
             TABLE 122 COMPANY-WISE VERTICAL FOOTPRINT
             TABLE 123 COMPANY-WISE REGION FOOTPRINT
     11.8 COMPETITIVE SCENARIOS AND TRENDS 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 124 PRODUCT LAUNCHES, JANUARY 2020–MARCH 2023
             11.8.2 DEALS
                        TABLE 125 DEALS, JANUARY 2020–MARCH 2023
             11.8.3 OTHERS
                        TABLE 126 OTHERS, JANUARY 2020–MARCH 2023
12 COMPANY PROFILES (Page No. - 177)
     12.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*  
             12.1.1 WOLFSPEED, INC.
                        TABLE 127 WOLFSPEED, INC.: COMPANY SNAPSHOT
                        FIGURE 54 WOLFSPEED, INC.: COMPANY SNAPSHOT (2022)
                        TABLE 128 WOLFSPEED, INC.: PRODUCTS OFFERED
                        TABLE 129 WOLFSPEED, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 130 WOLFSPEED, INC.: DEALS
             12.1.2 STMICROELECTRONICS N.V.
                        TABLE 131 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT
                        FIGURE 55 STMICROELECTRONICS N.V.: COMPANY SNAPSHOT
                        TABLE 132 STMICROELECTRONICS N.V.: PRODUCTS OFFERED
                        TABLE 133 STMICROELECTRONICS N.V.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 134 STMICROELECTRONICS N.V.: DEALS
             12.1.3 ON SEMICONDUCTOR CORPORATION
                        TABLE 135 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT
                        FIGURE 56 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 136 ON SEMICONDUCTOR CORPORATION: PRODUCTS OFFERED
                        TABLE 137 ON SEMICONDUCTOR CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 138 ON SEMICONDUCTOR CORPORATION: DEALS
             12.1.4 INFINEON TECHNOLOGIES AG
                        TABLE 139 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        FIGURE 57 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 140 INFINEON TECHNOLOGIES AG: PRODUCTS OFFERED
                        TABLE 141 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 142 INFINEON TECHNOLOGIES AG: DEALS
             12.1.5 ROHM CO., LTD
                        TABLE 143 ROHM CO., LTD.: COMPANY SNAPSHOT
                        FIGURE 58 ROHM CO., LTD.: COMPANY SNAPSHOT
                        TABLE 144 ROHM CO., LTD.: PRODUCTS OFFERED
                        TABLE 145 ROHM CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 146 ROHM CO., LTD.: DEALS
             12.1.6 FUJI ELECTRIC CO., LTD.
                        TABLE 147 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
                        FIGURE 59 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
                        TABLE 148 FUJI ELECTRIC CO., LTD.: PRODUCTS OFFERED
                        TABLE 149 FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 150 FUJI ELECTRIC CO., LTD.: DEALS
             12.1.7 TOSHIBA CORPORATION
                        TABLE 151 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 152 TOSHIBA CORPORATION: PRODUCTS OFFERED
                        TABLE 153 TOSHIBA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
             12.1.8 MICROCHIP TECHNOLOGY INC.
                        TABLE 154 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
                        FIGURE 61 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
                        TABLE 155 MICROCHIP TECHNOLOGY INC.: PRODUCTS OFFERED
                        TABLE 156 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 157 MICROCHIP TECHNOLOGY INC.: DEALS
             12.1.9 MITSUBISHI ELECTRIC CORPORATION
                        TABLE 158 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        FIGURE 62 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 159 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
                        TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS
     12.2 OTHER PLAYERS 
             12.2.1 HITACHI LTD.
                        TABLE 161 HITACHI LTD
             12.2.2 COHERENT CORP. (II-VI INCORPORATED)
                        TABLE 162 COHERENT CORP.
             12.2.3 SEMIKRON DANFOSS
                        TABLE 163 SEMIKRON DANFOSS
             12.2.4 QORVO, INC.
                        TABLE 164 QORVO, INC.: COMPANY SNAPSHOT
             12.2.5 GENESIC SEMICONDUCTOR INC.
                        TABLE 165 GENESIC SEMICONDUCTOR INC.
             12.2.6 TT ELECTRONICS
                        TABLE 166 TT ELECTRONICS
             12.2.7 VISHAY INTERTECHNOLOGY, INC.
                        TABLE 167 VISHAY INTERTECHNOLOGY, INC.
             12.2.8 WEEN SEMICONDUCTORS
                        TABLE 168 WEEN SEMICONDUCTORS
             12.2.9 SOLITRON DEVICES, INC.
                        TABLE 169 SOLITRON DEVICES, INC.
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.  
     12.3 CHINA-SPECIFIC KEY PLAYERS 
             12.3.1 SANAN INTEGRATED CIRCUIT CO., LTD.
                        TABLE 170 SANAN INTEGRATED CIRCUIT CO., LTD.
             12.3.2 SHANGHAI HANXIN TECHNOLOGY
                        TABLE 171 SHANGHAI HANXIN TECHNOLOGY
             12.3.3 CENTURY JINGUANG
                        TABLE 172 CENTURY JINGUANG
             12.3.4 GLOBAL POWER TECHNOLOGY CO., LTD. (TYCO TIANRUN SEMICONDUCTOR TECHNOLOGY CO., LTD.)
                        TABLE 173 GLOBAL POWER TECHNOLOGY CO., LTD.
             12.3.5 BYD SEMICONDUCTOR CO., LTD
                        TABLE 174 BYD SEMICONDUCTOR CO., LTD
             12.3.6 INVENTCHIP TECHNOLOGY CO., LTD
                        TABLE 175 INVENTCHIP TECHNOLOGY CO., LTD
             12.3.7 CRRC CORPORATION LIMITED
                        TABLE 176 CRRC CORPORATION LIMITED
13 APPENDIX (Page No. - 231)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS