SiC Market Growing at a CAGR of 17.4% During 2017 to 2022 - ReportsnReports

PUNE, India, May 29, 2017 /PRNewswire/ --

SiC (Silicon Carbide) market size is expected to be $617.4 million growing at CAGR of 17.4% between 2017-2022.EV motor drive applications estimated to grow at the highest rate while SiC discrete is estimated to hold the largest share of market & RoW region is expected to be the fastest-growing market.

Browse 67 tables and 46 figures, 25 Company profiles spread across 155 pages available at:

http://www.reportsnreports.com/reports/1012837-silicon-carbide-market-by-device-mosfet-diode-module-bare-die-wafer-size-2-inch-4-inch-6-inch-and-above-application-rf-device-and-cellular-base-station-power-supply-and-inverter-vertical-and-geogra-st-to-2022.html .

"Silicon carbide market projected to grow at a CAGR of 17.4% between 2017 and 2022" 

The silicon carbide has entered the growth phase and is expected to grow further in the coming years. The market is expected to be worth USD 617.4 million by 2022, at a CAGR of 17.4% between 2017 and 2022. The drivers for this market is the ability of SiC devices in the semiconductor to perform at high temperature and high voltage and power, increasing demand for motor drives, ability to reduce overall system size, and increasing application of SiC in radio frequency (RF) devices and cellular base station. However, SiC devices packaging is acting as a major challenge for silicon carbide market.

Key Target Audience:  

• Electronic design automation (EDA) and design tool vendors
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Original design manufacturers (ODMs)
• Automotive ODM and OEM technology solution providers
• Assembly, testing, and packaging vendors
• Technology, service, and solution providers
• Intellectual property (IP) core and licensing providers
• Suppliers and distributors
• Governments and other regulatory bodies
• Technology investors
• Research institutes and organizations
• Market research and consulting firms

"EV motor drive application for silicon carbide market is estimated to grow at the highest rate"