Silicon Carbide companies

  • Report ID: 5213
  • Published Date: Jun 05, 2025
  • Report Format: PDF, PPT

Companies Dominating the Silicon Carbide Landscape

    U.S. companies Wolfspeed, Coherent, and ON Semi lead the global market for SiC chemicals, using CHIPS Act and DOE contracts to increase production. While Japan (ROHM, Toshiba) is the leader in high-purity SiC wafers, European companies (STMicro, Infineon) concentrate on automotive and industrial SiC solutions. China's SICC Materials and South Korea's SK Siltron are expanding through government-supported semiconductor regulations. With their green chemistry projects, Malaysia's MAM and India's AGS Tech are rising to prominence. Important tactics include partnerships (Infineon-Resonac), vertical integration (Wolfspeed's $5.5 billion fab expansion), and research and development in SiC recycling (STMicro's $101 million EU initiative).

    Company Name

    Country of Origin

    Market Share (2024)

    Wolfspeed, Inc.

    USA

    22%

    Coherent Corp. (formerly II-VI)

    USA

    18%

    STMicroelectronics NV

    Switzerland (Europe)

    12%

    Infineon Technologies AG

    Germany (Europe)

    10%

    ROHM Semiconductor

    Japan

    8%

    ON Semiconductor

    USA

    x%

    SK Siltron Co., Ltd.

    South Korea

    x%

    Cree, Inc. (part of Wolfspeed)

    USA

    x%

    SICC Materials Co., Ltd.

    China

    x%

    ESD-SIC bv

    Netherlands (Europe)

    x%

    AGS Technologies

    India

    x%

    Norstel AB (acquired by STMicro)

    Sweden (Europe)

    x%

    Everspin Technologies Inc.

    USA

    x%

    Malaysian Advanced Materials (MAM)

    Malaysia

    x%

    Here are some leading players in the silicon carbide market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

The silicon carbide market size was USD 2.9 billion in 2024.

The global silicon carbide market size was USD 2.9 billion in 2024 and is likely to reach USD 14.7 billion by the end of 2037, expanding at a CAGR of 12.8% over the forecast period, i.e., 2025-2037.

Wolfspeed, Inc., Coherent Corp. (formerly II-VI), STMicroelectronics NV, Infineon Technologies AG, ROHM Semiconductor, ON Semiconductor, SK Siltron Co., Ltd. are some key players in the market.

The electric vehicle segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 35.5% during the forecast period.
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