Home > Chemicals & Materials > Advanced Materials > SiC-on-Insulator (SiCOI) Film Market

SiC-on-Insulator (SiCOI) Film Market Trends

Report ID: GMI9422
Published Date: May 2024
Report Format: PDF

Download Free Sample

SiC-on-Insulator (SiCOI) Film Market Trends

SiCOI films are increasingly being used in power electronics, such as inverters, converters, and motor drives, owing to their high thermal conductivity and breakdown voltage. These properties enable efficient heat dissipation and reliable operation at high voltages, improving the performance and durability of electronic components, especially in demanding applications such as electric vehicles and renewable energy systems.

SiCOI films are increasingly employed in photonics owing to their low optical loss and compatibility with silicon-based technologies. They enable the creation of optical waveguides and photonic integrated circuits, enhancing data transmission efficiency. This compatibility facilitates seamless integration into the existing silicon infrastructures, making SiCOI films a preferred choice for advancing photonic applications in various industries.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The SiC-on-Insulator (SiCOI) film market was valued at USD 25.3 million in 2023 and will grow at over 90% CAGR between 2024 and 2032, driven by the rising interest in energy-efficient devices.

The power electronics application segment in the sic-on-insulator (SiCOI) film market held a decent growth rate in 2023 and is expected to reach over USD 2.5 billion by 2032, owing to the high power density capabilities of SiCOI films.

North America SiCOI film market held a revenue share of over 40% in 2023 and will grow rapidly by 2032, owing to a strong emphasis on technological innovations and adoption, particularly in industries, such as automotive, aerospace where these films are used.

MTI Corporation, NGK Insulators, Ltd., SICC Co., Ltd., Sicoxs Corporation, Soitec, Sumitomo Electric Industries, Ltd., and Wolfspeed, Inc. among others.