Published on : Nov 28, 2019
ResearchMoz.us has added the report titled “Global Silicon Carbide (Sic) in Semiconductor Market Insights, Forecast to 2025” in their vast library. According to the report, the global silicon carbide in semiconductor market is experiencing a robust double digit growth in the forecast period of 2019 to 2025. This growth of the market is attributed to widespread use of silicon carbide in semiconductor manufacturing for numerous consumer electronic across the globe.
On top of it presence of various other factors such as better switching speed, lower power loss, and other enhanced KPIs also boosts the growth of the global silicon carbide in semiconductor market during the forecast period of 2019 to 2025.
Better Bandgap Finds Extensive Application in Consumer Electronics
Silicon Carbide presents better performance in semiconductors than any other conventional material available in the market. This because, silicon carbide has better bandgap which works as an exceptional channel for the electricity conduction at certain temperature. As a result of this property, various consumer electronics such as television and display manufacturers are using silicon carbide enabled semiconductors in their products. This is a major factor that is boosting the growth of global silicon carbide in semiconductor market.
Demand for Better Power Generation Solutions Boosts the Growth
Growing demand for energy and power in various regions across the globe calls for more efficient means for power generation with the help of semiconductor devices. This urge for better solutions is one of the most important factors that is fuelling the growth of global silicon carbide in semiconductors market. Although poor oxidation resistance at extreme temperatures, and neck to neck competition from gallium nitride do hamper the growth of global silicon carbide in semiconductor market, the massive demand for HV power semiconductor and variety of applications are surging the growth of global silicon carbide in semiconductor market in projected time frame.
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Consumer Electronics to Emerge as a Leading Segment
Based on the rising application of silicon carbide in semiconductors in various devices that are used in domestic purposes and in various industries, the consumer electronics segment is expected to emerge as a leading segment of global silicon carbide in semiconductor market. The dominance of the segment is also attributed to rising use of LED TVs, computer monitors, smartphones, and other power tools that are quite popular among the consumers. Moreover, the growing application of smart touch pads in various offices is another factor that is propelling the growth of consumer electronics segment in global silicon carbide in semiconductor market during the forecast period of 2019 to 2025.
The segment is expected to be followed by the Healthcare segment under end-users category. This prominence of the segment is the result of use of various power tools in medical procedures pertaining to their quality and durability. Based on these factors the healthcare sector is expected to emerge as one of the most lucrative segments for global silicon carbide in semiconductor market during the time frame of 2019 to 2025.
North America to Remain Dominant
Based on the rising technologies adoption, and growing number of players that are developing semiconductor for various applications in U.S. and Canada, North America is expected to remain as a dominating region in the global silicon carbide in semiconductor market. Moreover, the dominance of the region is also attributed to the rising awareness of electronic components in the people of the U.S. These factors cumulatively supports the dominance of North America in global silicon carbide in semiconductor market during the forecast period of 2019 to 2025.