Yole: Silicon carbide market will explode
Latest update time：2022-03-31 15:26
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Source: The content is compiled from Yole
by Semiconductor Industry Observer (ID: icbank)
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According to Yole, the SIC market is growing rapidly, driven by strong demand in automotive applications, especially in EV main inverters.
According to reports, following Tesla's adoption of SiC, there were multiple new EV launches and announcements in 2020 and 2021. In addition, Tesla's record shipments helped SiC devices reach a $1 billion scale in 2021. They pointed out that in order to meet the needs of long driving range, 800V EV is the solution to achieve fast DC charging. This is where 1200V SiC devices play an important role.
According to the report, by 2022, BYD's Han-EV and Hyundai's Ioniq-5 have achieved good sales by offering fast charging capabilities. More OEMs such as Nio, Xpeng plan to bring SiC EVs to the market in 2022. In addition to automotive, industrial and energy applications represent markets with growth rates of more than 20% during our forecast period. For example, the deployment of high-power charging infrastructure using SiC modules, and the growing photovoltaic installations. In this context, the SiC device market is expected to grow from a $1 billion business in 2021 to more than $6 billion by 2027, according to Yole's latest forecast.
This multi-billion dollar business has also attracted players to increase their revenues. Among the top SiC device players, STMicroelectronics and Wolfspeed's SiC revenues grew by more than 50% year-on-year in 2021, in line with the 57% growth in the global SiC device market. Infineon Technologies AG achieved 126% growth by entering the main inverter business based on industrial applications. Onsemi also joined the fray with strong growth in 2021. As these companies are developing their SiC into a billion-dollar business, the competition in the coming years can also be determined in the supply chain integration. The IDM business model has been chosen by major players, and multi-party mergers and acquisitions and partnerships in SiC have reshaped the SiC ecosystem to secure wafer supply and enter the device business to maintain their multi-billion dollar business goals in the coming years. SiC modules are the next level of competition for players, and we have identified new products entering automotive, industrial and energy applications.
With SiC wafers as the foundation of this emerging business, the industry has been addressing supply issues by expanding wafer capacity. However, there are still many issues to be addressed to obtain high-quality wafers and further improve the challenges of yield loss. One of the question marks is also about the next-generation manufacturing platform. With the traction of larger wafer diameters, major wafer suppliers are also developing 8-inch wafers. As of 2022, the first 8-inch wafers are used for certification. In addition, innovative solutions are proposed to improve the quality, throughput and new SiC wafer formats of the wafer process.
*Disclaimer: This article is originally written by the author. The content of the article is the author's personal opinion. Semiconductor Industry Observer reprints it only to convey a different point of view. It does not mean that Semiconductor Industry Observer agrees or supports this point of view. If you have any objections, please contact Semiconductor Industry Observer.
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