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Global Trends in the Automotive SiC Power Semiconductor Industry

  • Report

  • 20 Pages
  • May 2023
  • Region: Global
  • Market Intelligence & Consulting Institute (MIC)
  • ID: 5797686

Scaling and Transiting to 8-inch Production, In-house Manufacturing, and Strategic Alliances are Key Trends Shaping the Global Automotive SiC Semiconductor Industry

The third-generation semiconductor industry has begun to gain momentum in 2022, despite challenges such as repeated outbreaks of the pandemic, economic instability, reduced investment and trades, and supply chain disruptions caused by geopolitical factors. SiC (Silicon Carbide) materials used in power devices have been grabbing market attention due to global efforts to achieve net-zero carbon emissions and the transition to green energy.

Components associated with these semiconductors are rapidly moving from research and development to mass production. As EV (Electronic Vehicles) industry continues to boom, the demand for electric vehicle performance is also increasing. SiC devices characterized by low energy consumption and high performance are expected to be widely adopted in electric vehicles in the future, in line with the trends toward maximizing the performance of consumer electronics.

The development of the third-generation semiconductor industry, represented by SiC, is thus likely to become a global trend. This report provides an overview of the global automotive SiC power semiconductor market and industry development and examines the key trends in the development of the global top-five SiC device suppliers, including STMicroelectronics, Infineon, Wolfspeed, Rohm, and Onsemi.



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Table of Contents

1. Development of the Global Automotive SiC Power Semiconductor Market
1.1 Global Net-zero Carbon Emission Initiatives Drive the Development of Electric Vehicles
1.2 Significant Increases in Usage and Value of Power Components under xEv Development
1.3 The Emergence of SiC Compensates for Limitations of Traditional Si-based Semiconductor Materials
1.4 800V+SiC Specifications Becomes the Mainstream Trend in Electric Vehicle
1.5 The Expansion of Electric Vehicle Demand to Boost Global Market Demand for SiC Power Semiconductors
2. Development of the Global SiC Power Semiconductor Industry
2.1 Global SiC Power Semiconductor Industry Has High Market Concentration
2.2 Upstream Substrates and Epitaxy as Major Bottlenecks in the SiC Power Semiconductor Industry
2.3 Trends in the Development of the World’s Top Five SiC Device Suppliers
2.4 Large-scale Production, 8-inch Production, In-house Manufacturing, and Strategic Alliances are Key Industry Trends
2.4.1 Large-scale Production: Expanding Production Capacity as the Primary Goal for Manufacturers amid Increased SiC Demand
2.4.2 8-inch Production: Leading Manufacturers Strive to Optimize Substrate Technology to Achieve Mass Production
2.4.3 In-house Manufacturing: Vertical Integration Likely to Become the Mainstream Development Trend in the Global SiC Industry
2.4.4 Strategic Alliances: Carmakers' Influence in the SiC Industry Chain Increases
2.5 Government Policies are a Key Driver for the Development of the SiC Industry
2.5.1 The US: Relies on the Military and Defense Sectors to Drive SiC Industry Development
2.5.2 Europe: Leverages Demand from the Traditional Automotive Industry and Implements Regional Integration Projects
2.5.3 China: Promoting National-level IDM Specialization at National Level through the Military-Civil Integration Policy
3. Analyst's PerspectiveAppendix
List of Companies
List of Tables
Table 1: Physical Performance Differences between Traditional Si Semiconductors and Third-generation Semiconductors based on SiC
Table 2: Main Reasons for Difficulties in SiC Substrate Production
Table 3: Trends in the Development of Major SiC Power Semiconductor Manufacturers Worldwide
Table 4: Strategic Alliances of Major SiC Device Suppliers
List of Figures
Figure 1: Net-zero Carbon Emission Targets of Major Countries Worldwide
Figure 2: Timeline of Carmakers Introducing SiC MOSFETs in their Vehicles
Figure 3: Global SiC Power Device Market Forecast by Application, 2019 - 2025
Figure 4: Global Market Share of SiC Substrates (Left) and SiC Power Devices (Right)
Figure 3: SiC Wafer Manufacturing Process and Production Cost Breakdown
Figure 4: Vertical Integration and Substrate Supply of Key SiC Manufacturers Worldwide

Executive Summary

From the latest developments of the top five global SiC semiconductor suppliers, it is evident that trends such as scaling and transiting to 8-inch production, in-house manufacturing, and strategic alliances are shaping the overall SiC semiconductor market, according to the analyst.

Meanwhile, global net-zero carbon emission initiatives are also driving the development of electric vehicles. The IEA (International Energy Agency) predicted the global penetration rates of EVs (Electric Vehicles) are expected to reach 17% and 25% by 2025 and 2030, respectively.

Net-zero Carbon Emission Targets of Major Countries Worldwide

Due to the growing importance of maximizing efficiency in consumer electronics products, the market's pursuit of semiconductor materials with low energy consumption and high performance may pave the way for the development of third-generation semiconductors, such as SiC, the analyst added.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Audi
  • BorgWarner
  • BYD Auto
  • Coherent
  • Denso
  • Epiworld International
  • Ford
  • Foxconn
  • Geely Auto
  • Global Power Technology
  • GM
  • GT Advanced
  • Hestia Power
  • Hong Young Semiconductor
  • Hyundai
  • Infineon
  • Jaguar Land Rover Auto

Methodology

Primary research with a holistic, cross-domain approach

The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.

Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:

Method

  • Component supplier interviews
  • System supplier interviews
  • User interviews
  • Channel interviews
  • IPO interviews
  • Focus groups
  • Consumer surveys
  • Production databases
  • Financial data
  • Custom databases

Methodology

  • Technology forecasting and assessment
  • Product assessment and selection
  • Product life cycles
  • Added value analysis
  • Market trends
  • Scenario analysis
  • Competitor analysis

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