The Global CVD Silicon Carbide Market is driven by rising adoption in consumer electronics industry

The global CVD silicon carbide market has been witnessing significant growth owing to the widening usage of CVD silicon carbide in the electronics industry. CVD silicon carbide offers advantages such as high thermal conductivity, high electric field breakdown strength and high maximum current density. These properties make it suitable for use in modern electronics ranging from smartphones to electric vehicles. CVD Silicon Carbide Market Demand wafer substrates are increasingly being used for manufacturing power semiconductors that allow low power consumption. Furthermore, the wide bandgap nature of CVD silicon carbide enables faster switching of devices as compared to silicon.

The Global CVD Silicon Carbide Market is estimated to be valued at US$ 741.43 Bn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the CVD silicon carbide market are Samsung Electronics, Apple Inc., Huawei Technologies Co., Ltd., Xiaomi Corporation and Vivo Communication Technology Co. Ltd. Samsung and Apple dominate the smartphone market and have been at the forefront of adopting silicon carbide in their devices to improve performance and battery life.

The demand for CVD silicon carbide is growing tremendously owing to the surge in sales of electric vehicles globally. Major automakers are opting for silicon carbide power modules to enhance the driving range of EVs. Silicon carbide allows significantly higher battery charging rates as compared to silicon.

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