SiC SBD Market to Reach USD 67.5 Billion by 2032 | CAGR 7.52% (2025-2032)

The SiC SBD (Silicon Carbide Schottky Barrier Diode) Market has been growing steadily over the past five years. From 2019 to 2024, the market witnessed notable adoption in sectors demanding energy efficiency and high-performance power solutions. In 2023, the market size was valued at USD 35.15 billion, and it is projected to grow to USD 37.79 billion in 2024. By 2032, the market is expected to reach USD 67.5 billion, reflecting a strong CAGR of 7.52% between 2025 and 2032.

The market growth is primarily driven by the demand for energy-efficient semiconductor devices, increased production of electric vehicles, and enhanced government support for SiC research and development.

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Key Market Dynamics

Several factors are propelling the growth of the SiC SBD market:

• Rising adoption of SiC and GaN power devices: These wide bandgap semiconductors offer higher efficiency, lower heat generation, and superior performance in high-voltage applications.
• Growing demand for electric vehicles (EVs): EVs require power electronics that can handle high voltage and current efficiently. SiC SBDs are becoming the preferred choice for EV inverters and chargers.
• Increasing use of SiC in power electronics: Industries are transitioning to SiC devices for motor drives, renewable energy systems, and industrial equipment.
• Government support for SiC research: Many countries are investing in semiconductor innovation to support sustainable energy and advanced electronics development.
• Technological advancements in SiC substrate manufacturing: Improved wafer quality, larger wafer sizes, and cost-effective production methods are expanding market adoption.

Extra Pointer: The integration of SiC SBDs in next-generation EV charging infrastructure and renewable energy systems is expected to create new avenues for market expansion.

Market Segmentation

The SiC SBD market is segmented across various parameters, which helps in understanding the demand across applications and regions:

By Application

• Automotive (EVs, HEVs, Charging Systems)
• Industrial (Power Supplies, Motor Drives, Renewable Energy)
• Consumer Electronics
• Telecommunication Infrastructure

By End-User Industry

• Automotive
• Industrial
• Energy & Utilities
• Consumer Electronics
• Telecommunications

By Substrate Type

• SiC
• GaN (Complementary Segment)

By Device Type

• Discrete SBD
• Modules

By Voltage Range

• Low Voltage (<600V)
• Medium Voltage (600V–1200V)
• High Voltage (>1200V)

By Regional Market

• North America
• Europe
• Asia-Pacific (APAC)
• South America
• Middle East & Africa (MEA)

Key Companies Profiled

The market is highly competitive, with major players actively investing in research, partnerships, and manufacturing capacity expansions:

• Diodes Incorporated
• Alpha and Omega Semiconductor
• Wolfspeed
• Avnet
• ON Semiconductor
• Future Electronics
• Mouser Electronics
• STMicroelectronics
• Renesas Electronics
• DigiKey Electronics
• Vishay Intertechnology
• Infineon Technologies
• Rohm Semiconductor
• Microchip Technology

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Key Market Opportunities

The SiC SBD market presents numerous growth opportunities for industry stakeholders:

• Surge in Electric Vehicle Production: Increasing EV adoption will drive demand for SiC-based inverters and power devices.
• Increased Adoption of Wide Bandgap Semiconductors: SiC and GaN devices are replacing traditional silicon-based solutions for better efficiency.
• Growing Demand for Power Electronics: Industrial automation and renewable energy projects are fueling the adoption of high-performance power devices.
• Advancements in 5G and Communication Infrastructure: High-speed communication equipment requires efficient power semiconductors.
• Increased Focus on Energy Efficiency: Governments and corporations are prioritizing energy-saving technologies, boosting demand for SiC SBDs.

Conclusion

The SiC SBD Market is poised for significant growth over the next decade, driven by electric vehicle adoption, power electronics expansion, and technological advancements in substrate manufacturing. With a projected CAGR of 7.52% from 2025 to 2032, the market will reach USD 67.5 billion by 2032. Strategic investments by key players and emerging opportunities in EVs, renewable energy, and 5G infrastructure will further accelerate market growth, making it a critical segment in the semiconductor industry.

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