NuAxiSemiconductor trade intelligence

SiC power device market to grow 41.4% to $2.28bn in 2023

What happened

TrendForce projects the global SiC power device market to grow 41.4% YoY to $2.28bn in 2023, driven by partnerships between chipmakers like onsemi/Infineon and EV/renewable energy sectors. The EV segment alone accounted for $1.09bn (67.4%) of the market in 2022. Bullish: The report signals sustained, high demand growth for SiC components, primarily from automotive and energy applications, which could tighten supply and support pricing.

Impact and signal

Low impactImpact score: 15/100

Affected components and suppliers

SiC Power Devices

onsemi Infineon Technologies

market-growthevrenewable-energy

Source and time

Source: Semiconductor Today · 3/9/2023 · View original source

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SiC power device market to grow 41.4% to $2.28bn in 2023

What happened

Impact and signal

Affected components and suppliers

Source and time

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