Global Silicon Carbide Market for Semiconductor Application

Jun 09, 2023

Global Silicon Carbide Market for Semiconductor Application

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The silicon carbide market for the semiconductor application is estimated to grow at a CAGR of 22.1% between 2022 and 2027. The market size is forecast to increase by USD 3,336.31 million, according to Technavio. APAC is estimated to contribute 40% to the growth of the global market during the forecast period. The rapid growth of the electronics sector in developing countries such as India and China, along with the increasing adoption of electric vehicles in these regions is increasing the demand for silicon carbide (SiC) devices. Japan`s goal of achieving 20% to 30% electric vehicle ownership by 2030 has also contributed to this demand. Therefore, the regional market is expected to experience significant growth during the forecast period. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

Log In

Keep it Clean. Please avoid obscene, vulgar, lewd,racist or sexually-oriented language.PLEASE TURN OFF YOUR CAPS LOCK.Don't Threaten. Threats of harming anotherperson will not be tolerated.Be Truthful. Don't knowingly lie about anyoneor anything.Be Nice. No racism, sexism or any sort of -ismthat is degrading to another person.Be Proactive. Use the 'Report' link oneach comment to let us know of abusive posts.Share with Us. We'd love to hear eyewitnessaccounts, the history behind an article.