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Silicon carbide substrate revenue falls 9% to $1.04bn in 2024, says TrendForce

What happened

Global silicon carbide substrate revenue fell 9% YoY to $1.04 billion in 2024, according to TrendForce. The decline was driven by weakening automotive and industrial demand, coupled with intensified competition and sharp price drops. Bearish: This signals sustained price pressure and oversupply concerns for SiC substrates in the near term.

Impact and signal

Medium impactImpact score: 45/100

Affected components and suppliers

SiC Substrates

price-declinedemand-weaknessmarket-share

Source and time

Source: Semiconductor Today · 5/12/2025 · View original source

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Silicon carbide substrate revenue falls 9% to $1.04bn in 2024, says TrendForce

What happened

Impact and signal

Affected components and suppliers

Source and time

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