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SiC device market growing at 34% CAGR from $1.09bn in 2021 to $6.3bn in 2027

What happened

Yole Développement forecasts the global SiC device market to grow at a 34% CAGR from $1.09bn in 2021 to $6.3bn by 2027. This growth is primarily driven by demand from the electric vehicle and industrial sectors. Neutral: This is a long-term market projection and does not indicate an immediate supply/demand imbalance or price action for traders.

Impact and signal

Low impactImpact score: 15/100

Affected components and suppliers

SiC MOSFETSiC Diode

market-growthforecast

Source and time

Source: Semiconductor Today · 4/4/2022 · View original source

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SiC device market growing at 34% CAGR from $1.09bn in 2021 to $6.3bn in 2027

What happened

Impact and signal

Affected components and suppliers

Source and time

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