SiC Wafer Reclaim Market Size & Share, by Diameter (Below 5 Inches, 5-10 Inches, Above 10 Inches); Application (Optoelectronics, Power Devices, High Temperature Devices, High Frequency Devices) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5510
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

SiC Wafer Reclaim Market size is anticipated to reach USD 2 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of sic wafer reclaim was over USD 772 Million. For businesses that offer SiC wafer reclaim, the growing need for silicon wafers from the consumer electronics industry is opening up new economic opportunities. SiC wafers are being utilized more frequently in the developing semiconductor industry in electrical devices that can withstand high temperatures, high voltages, or both, for instance, 5G communication systems. Therefore, the growing demand for 5G communications is also propelling the growth of the market. For instance, from the end of 2021, to the end of 2022, there was a 76% increase in global 5G wireless connections, reaching 1.05 billion.           

The increasing integration of cutting-edge technologies like artificial intelligence, the Internet of Things, and machine learning is creating new opportunities for SiC wafer reclamation service providers. SiC is widely used in industrial power supplies and photovoltaic converters, but its benefits are best utilized in the e-mobility space.


SiC Wafer Reclaim Market
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SiC Wafer Reclaim Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 9%

Base Year Market Size (2023)

~ USD 772 Million

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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SiC Wafer Reclaim Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Use in Electronic Vehicles (EVs) - SiC wafers are widely used for silicon photonics. One of the main applications of SiC in EVs is the main inverter, which is the circuit that converts the high DC voltage coming from batteries into the AC voltage required to power the traction electric motor. Therefore, the growing demand for electric vehicles (EVs) is escalating the growth of the SiC wafer reclaim market. As per estimation, the new sales record would mean that the market share of electronic vehicles is likely to increase from about 8.7 % in 2021 to more than 14 % by 2022. Continuous innovation of EV technologies, financed by increasing investments in this area, is a driving force behind such fast market growth. In 2022, government expenditure on electric vehicles is expected to reach roughly USD 45 billion, a record high for the last five years.
  • Growing Use of Semiconductor in the Production of Solar Energy - In the area of clean energy, semiconductor technologies have proved to be a game changer. It plays a major role in the manufacture of photovoltaic modules, which have become more and more widely used as an alternate energy source. The solar power is absorbed into silicon, the most common type of material being used to produce electricity. The process is known as photovoltaics. Therefore, the growing demand for clean energy worldwide is propelling the growth of the SiC wafer reclaim market.
  • Rising Government Initiative to Increase Semiconductor Manufacturing - Mass wafer production is one of the main factors contributing to an increase in SiC yield loss. Reclaim service providers have been encouraged to develop innovative technologies and re-manufacture SiC wafers to fulfil rising consumer demands. For instance, the government of India has approved a comprehensive programme for the development of the semiconductors and display manufacturing ecosystem in India with an expenditure of USD 10 billion, in line with the vision of Aatmanirbhar Bharat and the positioning of India as the global ESDM hub. Furthermore, the CHIPS Act of 2022 aimed at strengthening domestic chip production, design and research, increasing the economy's prosperity and security as well as reinforcing America's supply chain for chips was adopted by Congress during July 2022.

Challenges

  • Increasing Adoption of Substitutes may Impede the Growth of the Market - The rapid rise of the SiC wafer reclaim market can be hampered by intensified efforts to find a substitute silicon carbide in Wafer manufacturing. To replace SiC wafers for EV applications, major car manufacturers are replacing SiC wafers with GaNGaN-based wafers. Due to its ability to have high power density and Quick-change frequency, GaN is becoming increasingly flexible over SiC.
  • High Maintenance Costs of Manufacturing Facilities may Hinder the Market Growth
  • Supply Chain Issues may Hamper the Growth of the Market


SiC Wafer Reclaim Segmentation

Diameter (Below 5 Inches, 5-10 Inches, Above 10 Inches)

Above 10 inches segment for the SiC wafer reclaim market is expected to hold the largest share of 50% during the forecast period. Manufacturers of electronic goods are more likely to incline towards adapting above 10 inches SiC wafers due to the benefits including high performance, energy efficiency, and low-cost integration. Also, the larger wafers provide more surface area; manufacturers can fit more surface area for the fabrication of chips. Therefore, the growing demand for electronic goods and semiconductors will propel the growth of the above 10 inches segment in the coming years. In 2022, the consumer electronics industry brought in a total of USD 987 billion. Also, Apple, Samsung, Huawei, and Sony are just a few of the well-known and established corporations that control the consumer electronics sector.

Application (Optoelectronics, Power Devices, High Temperature Devices, High Frequency Devices)

SiC wafer reclaim market for the power devices segment is anticipated to hold a significant share of 43% during the projected period. The segment is growing because power devices play a crucial role in various industries such as automotive, renewable energy, and consumer electronics. For instance, the supply of renewable energy from the sun, wind, hydropower, geothermal, and ocean increased by over 8% in 2022. Therefore, the growing demand for renewable energy is propelling the growth of the segment. Also, the rising demand for power devices in applications that operate on a wide range of frequencies and power levels has led to market expansion. The market caters to the recycling and refurbishment of used silicon wafers, making them suitable for reuse in the manufacturing process. This is important because power devices often require specific wafer specifications and characteristics to meet their performance requirements. Therefore, this factor is propelling the growth of the segment.

Our in-depth analysis of the global SiC wafer reclaim market includes the following segments:

Diameter

  • Below 5 Inches
  • 5-10 Inches
  • Above 10 Inches

Application

  • Optoelectronics
  • Power Devices
  • High Temperature Devices
  • High Frequency Devices

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SiC Wafer Reclaim Industry - Regional Synopsis

APAC Market Forecast

SiC wafer reclaim market in Asia Pacific is expected to hold the largest share of 37% during the foreseen period. The growth can be attributed to the growing population in the region. Countries such as China, India, and Japan have also experienced an incredible increase in the use of technology and electronic goods. Various sectors such as energy, automation, telecommunications, consumer electronics, and healthcare are represented in the sector by a high demand for SiC wafers. Moreover, the growing adoption of IoT devices and the increasing demand for renewable energy sources like solar panels are also contributing to the growth of the market. For instance, the Asia-Pacific region's installed solar capacity reached 485.84 GW in 2021, up almost 19% from the previous year.

North American Market Statistics

North America in the SiC wafer reclaim market is anticipated to hold a share of 25% during the forecast period. The growth can be accredited to the growing need for inexpensive silicon wafers in the semiconductor sector. Also, the presence of well-established manufacturers is another factor propelling the growth of the market. With the continuous advancements in technology, the demand for these devices is skyrocketing which in turn, is driving the demand for silicon wafers. Also, the increased production of electronic devices such as smartphones, tablets, and computers. Therefore, all these factors altogether are propelling the growth of the SiC wafer reclaim market in the region.

Research Nester
SiC Wafer Reclaim Market size
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Companies Dominating the SiC Wafer Reclaim Market

top-features-companies
    • Wolfspeed Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Semiconductor Components Industries, LLC
    • Infineon Technologies AG
    • AIXTRON SE
    • Okmetic

In-the-news

In The News

  • With a ribbon-cutting ceremony attended by federal and state officials, Wolfspeed, Inc. (NYSE: WOLF), the world leader in silicon carbide technology and production, formally launched its cutting-edge Mohawk Valley silicon carbide fabrication facility in Marcy, N.Y. The industry-wide switch from silicon to silicon carbide-based semiconductors will be spearheaded by the 200mm wafer fab.
  • Onsemi announced the completed expansion of its state-of-the-art, world-largest silicon carbide (SiC) fabrication facility in Bucheon, South Korea. At full capacity, this fab will be able to manufacture more than one million 200 mm SiC wafers per year. To take advantage of increased SiC production capacity, onsemi intends to add up to a total of 1 000 locally employed workers over the next 3 years for filling mainly very technical jobs in order to meet this demand and increase its current workforce by approximately 40%.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5510
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing use in electronic vehicles (EVs), increasing use of semiconductor in the production of solar energy, and rising government initiative to increase semiconductor manufacturing are the major factors driving the growth of the SiC Wafer Reclaim market.

The market size of SiC wafer reclaim is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are Wolfspeed Inc., Semiconductor Components Industries, LLC, Infineon Technologies AG, AIXTRON SE, Okmetic, Showa Denko K.K., Sumitomo Electric Industries, Ltd., Mitsubishi Electric Corporation, Renesas Electronics Corporation, Fujitsu Semiconductor Ltd. and others.

The above 10 inches segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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