The Global Silicon Carbide (SiC) Market was valued at USD 1.97 Billion in 2024 and is projected to reach USD 6.29 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period (2024–2030). This robust growth is being driven by the accelerating shift to electric vehicles (EVs), the expansion of renewable energy infrastructure, and the increasing demand for high-performance power electronics across industrial and consumer applications.

As the electronics industry pivots towards more efficient, compact, and thermally stable semiconductor solutions, Silicon Carbide has emerged as a critical material. In this blog, we profile the Top 10 Companies in the Silicon Carbide Industry—a group of semiconductor giants, material scientists, and power electronics innovators shaping the future of energy-efficient technology.

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🔟 1. Wolfspeed, Inc. (a CREE Company)

Headquarters: Durham, North Carolina, USA
Key Offering: SiC Wafers, Bare Die, Power Modules, RF Devices

Wolfspeed, a CREE company, is a global leader in Silicon Carbide technology, producing both SiC materials and power devices. The company operates the world’s largest SiC fabrication facility and is a primary supplier of 150mm and 200mm SiC wafers, which are essential for manufacturing high-performance semiconductors.

Innovation & Market Leadership:

• Pioneer in 200mm SiC wafer production

• Comprehensive portfolio from substrates to power modules for EVs and industrial applications

• Strategic long-term supply agreements with major automotive OEMs

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9️⃣ 2. Infineon Technologies AG

Headquarters: Neubiberg, Germany
Key Offering: CoolSiC™ MOSFETs, Diodes, Discrete Devices, Modules

Infineon Technologies is a European semiconductor powerhouse with a strong focus on SiC power devices. Its CoolSiC™ technology is renowned for high efficiency and reliability, targeting applications in automotive, industrial drives, and solar inverters.

Innovation & Market Leadership:

• Vertically integrated manufacturing from wafer to module

• Massive capacity expansion with a new state-of-the-art SiC fab in Kulim, Malaysia

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Global Silicon Carbide Market – View in Detailed Research Report

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8️⃣ 3. ROHM Co., Ltd.

Headquarters: Kyoto, Japan
Key Offering: SiC Schottky Barrier Diodes (SBDs), MOSFETs, Power Modules

ROHM is a leading Japanese semiconductor manufacturer that has been at the forefront of SiC development for over two decades. The company offers a full SiC portfolio, including integrated modules that combine SBDs and MOSFETs for superior system efficiency.

Innovation & Market Leadership:

• World’s first mass production of full SiC power modules

• Strong focus on the automotive sector with AEC-Q101 qualified products

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7️⃣ 4. STMicroelectronics N.V.

Headquarters: Plan-les-Ouates, Switzerland
Key Offering: SiC MOSFETs, Diodes, Power Modules (ACEPACK)

STMicroelectronics is a key global player supplying SiC devices to a broad range of markets, including automotive, industrial, and cloud computing. The company has secured significant contracts with EV manufacturers for its advanced SiC power solutions.

Innovation & Market Leadership:

• Second-source supplier for major automotive programs

• Ongoing investments to double SiC front-end manufacturing capacity by 2024

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6️⃣ 5. ON Semiconductor (now onsemi)

Headquarters: Phoenix, Arizona, USA
Key Offering: EliteSiC MOSFETs, Diodes, Power Integrated Modules (PIMs)

onsemi has strategically positioned itself as a top-tier supplier of SiC solutions, with a vertically integrated supply chain that includes substrate production. Its EliteSiC products are designed for high-growth areas like EV traction inverters and charging infrastructure.

Innovation & Market Leadership:

• Significant long-term agreements worth billions of dollars with automotive customers

• Expansion of SiC boule growth capacity to ensure a resilient supply chain

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5️⃣ 6. Mitsubishi Electric Corporation

Headquarters: Tokyo, Japan
Key Offering: SiC Power Modules (J1-Series), Discrete Devices

Mitsubishi Electric is a major force in power modules, leveraging its SiC technology to create highly efficient solutions for industrial motor drives, rail traction, and energy storage systems. The company’s modules are known for their high power density and reliability.

Innovation & Market Leadership:

• Development of compact, high-performance all-SiC modules

• Strong presence in the industrial and infrastructure sectors

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4️⃣ 7. GeneSiC Semiconductor Inc. (acquired by Vishay Intertechnology)

Headquarters: Dulles, Virginia, USA
Key Offering: SiC MOSFETs, JFETs, Schottky Diodes, Thyristors, and BJTs

GeneSiC Semiconductor, now part of Vishay, specializes in high-temperature and high-reliability SiC semiconductors. Its products are critical for extreme environment applications in aerospace, defense, and downhole drilling.

Innovation & Market Leadership:

• Expertise in high-temperature SiC devices (operating up to 500°C)

• Focus on niche, high-performance markets requiring ruggedized components

Download FREE Sample Report:
Global Silicon Carbide Market – View in Detailed Research Report

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3️⃣ 8. SK Siltron CSS (SK Group)

Headquarters: Gumi, South Korea
Key Offering: SiC Wafers and Epitaxy Substrates

SK Siltron CSS, a subsidiary of South Korea’s SK Group, is a key material supplier in the global SiC ecosystem. The company focuses on producing high-quality SiC wafers, which are the foundational material for all SiC power devices.

Innovation & Market Leadership:

• Significant investments to expand SiC wafer production capacity

• Strategic role in securing the SiC supply chain for the Asian market

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2️⃣ 9. II-VI Incorporated (now Coherent Corp.)

Headquarters: Saxonburg, Pennsylvania, USA
Key Offering: SiC Substrates, Epiwafers

II-VI, now operating as Coherent Corp. following a major merger, is a leading global supplier of engineered materials, including high-purity SiC substrates. The company supplies substrates to many of the world’s leading semiconductor device manufacturers.

Innovation & Market Leadership:

• Large-scale production of 150mm and 200mm SiC substrates

• Investment in R&D to reduce substrate defects and improve yield

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1️⃣ 10. Toshiba Electronic Devices & Storage Corporation

Headquarters: Tokyo, Japan
Key Offering: SiC MOSFETs, Diodes, Discrete Devices

Toshiba is a well-established player in the power semiconductor market with a growing portfolio of SiC products. The company’s devices are used in applications ranging from industrial equipment to photovoltaic power conditioners and trains.

Innovation & Market Leadership:

• Development of a third-generation SiC MOSFET with low ON-resistance

• Focus on expanding SiC solutions for the industrial power supply market

Read Full Report:
Global Silicon Carbide Market – View in Detailed Research Report

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🌍 Outlook: The Future of Silicon Carbide Is High-Power and High-Efficiency

The Silicon Carbide market is experiencing a paradigm shift, moving from a niche material to a mainstream semiconductor solution. As global demand for energy efficiency intensifies, SiC is positioned to displace traditional silicon in high-power, high-frequency, and high-temperature applications.

📈 Key Trends Shaping the Market:

• Automotive Dominance: The EV revolution is the single largest driver, with SiC-based inverters and onboard chargers becoming standard in new models to extend range and reduce charging times.

• Supply Chain Expansion: Massive capital investments are being made to scale SiC substrate and wafer production to alleviate supply constraints and reduce costs.

• Technology Advancements: The transition to 200mm wafers and improvements in epitaxial growth are critical for achieving economies of scale and enhancing device performance.

• Renewable Energy Integration: SiC’s efficiency benefits are crucial for solar inverters, wind turbines, and energy storage systems, supporting the global transition to clean energy.

Read Full Report:
Global Silicon Carbide Market – View in Detailed Research Report

The companies listed above are not only supplying critical components—they are building the technological backbone for a more efficient and electrified world.