US Silicon Carbide Semiconductor Market Research Report: By Application (UPS, Solar Energy System, EV Charging, Industrial Drives), By Component (Schottky Diodes, FET/MOSFET Transistors, Integrated Circuits) and By End-Use (Automotive, Consumer Medical Devices, Energy & Power) - Forecast to 2035

US Silicon Carbide Semiconductor Market Overview:

As per MRFR analysis, the US Silicon Carbide Semiconductor Market Size was estimated at 209.1 (USD Million) in 2023. The US Silicon Carbide Semiconductor Market Industry is expected to grow from 250(USD Million) in 2024 to 2,200 (USD Million) by 2035. The US Silicon Carbide Semiconductor Market CAGR (growth rate) is expected to be around 21.86% during the forecast period (2025 - 2035).

Key US Silicon Carbide Semiconductor Market Trends Highlighted

The US Silicon Carbide Semiconductor Market is witnessing substantial growth driven by several key factors. One of the primary market drivers is the increasing demand for energy-efficient solutions as various sectors, including automotive and consumer electronics, focus on sustainability. The shift towards electric vehicles (EVs) is especially significant, as manufacturers seek silicon carbide semiconductors for their superior performance in power electronics, offering improved range and efficiency. Additionally, the US government's push for advanced manufacturing and technological innovation is fostering a favorable environment for semiconductor development, encouraging investments in research and the establishment of local production facilities.Opportunities to be explored within the US Silicon Carbide Semiconductor Market include advancements in manufacturing processes and the integration of silicon carbide technology in a broader range of applications. As industries transition towards renewable energy sources like solar and wind, there is potential for silicon carbide semiconductors to play a crucial role in inverter and power management systems. Furthermore, the rising adoption of 5G technology creates another avenue for growth, as the need for high-performance components becomes increasingly important to support enhanced connectivity. Recent trends indicate a concerted effort from the US industry to strengthen its semiconductor supply chain amid geopolitical challenges and global competition.The resilience of the supply chain is being addressed, leading to increased domestic production of silicon carbide components. Collaborations between public and private sectors are also on the rise, promoting innovation and accelerating development timelines. Overall, the US Silicon Carbide Semiconductor Market is positioned for dynamic evolution, reflecting a broader transition towards sustainable and advanced technological solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Silicon Carbide Semiconductor Market Drivers

Growing Demand for Electric Vehicles (EVs)

The US Silicon Carbide Semiconductor Market Industry is experiencing significant growth due to the accelerating demand for electric vehicles (EVs). The US Department of Energy reported that the share of total vehicle sales attributed to EVs increased from 1.2% in 2019 to 4.6% in 2022, indicating a growing consumer preference for environmentally friendly vehicles. As manufacturers like Tesla and General Motors ramp up EV production, Silicon Carbide semiconductors are becoming crucial for improving efficiency and performance in power electronics.According to industry insights, EVs can use up to 30% more semiconductor content compared to internal combustion engine vehicles. This rise in EV adoption presents a tremendous growth trajectory for the US Silicon Carbide Semiconductor Market, as silicon carbide components are vital in enhancing energy density and reducing charging times.

Increased Adoption of Renewable Energy Sources

The push towards renewable energy in the United States is another substantial driver for the US Silicon Carbide Semiconductor Market Industry. The US Energy Information Administration has projected that renewable energy will account for around 42% of electricity generation by 2050, up from approximately 20% in 2021. As solar and wind energy installations surge, so does the need for advanced power electronics that can handle higher efficiency and temperature fluctuations.Silicon Carbide devices, known for their high thermal conductivity and efficiency, are ideal for use in renewable energy systems, particularly in inverters. Major companies in the industry like Cree, Inc. and Infineon Technologies are investing heavily in R&D to advance Silicon Carbide technology, showcasing its potential in optimizing renewable energy applications.

Government Initiatives to Boost Semiconductor Manufacturing

Government initiatives play a vital role in the growth of the US Silicon Carbide Semiconductor Market Industry. The CHIPS Act of 2022 aims to enhance semiconductor manufacturing in the United States, providing $52 billion for domestic production and research initiatives. This legislation is particularly relevant as the US grapples with semiconductor supply chain vulnerabilities exposed during the COVID-19 pandemic, which saw significant disruptions affecting industries from automotive to consumer electronics.With this financial backing, companies are influenced to develop Silicon Carbide technologies domestically, with major players such as Wolfspeed announcing plans for new facilities to strengthen the production of Silicon Carbide components, thereby creating a favorable environment for market expansion in the US.

US Silicon Carbide Semiconductor Market Segment Insights:

Silicon Carbide Semiconductor Market Application Insights

The Application segment of the US Silicon Carbide Semiconductor Market comprises crucial areas such as Uninterruptible Power Supplies (UPS), Solar Energy Systems, Electric Vehicle (EV) Charging, and Industrial Drives, each playing a significant role in the growth trajectory of the industry. Silicon Carbide, known for its superior thermal conductivity and efficiency, offers enhanced performance in UPS systems which safeguard sensitive electrical equipment during power outages. The renewable energy sector, particularly Solar Energy Systems, stands out due to its increasing adoption driven by government incentives and environmental concerns; Silicon Carbide semiconductors contribute to the efficiency and longevity of solar inverters, thus facilitating the shift towards sustainable energy solutions.EV Charging infrastructure is becoming increasingly vital as the demand for electric vehicles continues to rise within the US. Silicon Carbide technology facilitates faster charging and higher power levels, making it essential for the development of a robust EV charging network. This segment sees investment from various stakeholders, including technology firms and government bodies striving to promote clean energy solutions. Moreover, the Industrial Drives segment requires efficient power management and control capabilities, where Silicon Carbide devices excel by enabling compact designs and reduced energy losses, which are particularly important in industrial applications.Market trends indicate a growing focus on high-performance applications, driven by technological advances and increasing energy efficiency standards. The transition towards electrification, especially in transportation and industrial sectors, presents significant opportunities for Silicon Carbide semiconductors in delivering improved operational efficiency and lowering carbon footprints. Nonetheless, the market faces challenges such as the need for higher investment in manufacturing capabilities and a skilled workforce adept in advanced technologies. The US is committed to leading in semiconductor technology, reflected in growing investments and initiatives to bolster domestic production, which will ultimately benefit the Application segment by ensuring a stable supply chain while promoting innovation in Silicon Carbide technology. Overall, this segment plays a pivotal role in the broader market dynamics, underscoring its importance in shaping a more sustainable and energy-efficient future.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Silicon Carbide Semiconductor Market Component Insights

The US Silicon Carbide Semiconductor Market is experiencing significant growth, particularly within the Component segment, which plays a crucial role in various applications such as power electronics and high-frequency devices. Schottky Diodes are known for their high efficiency and capability to handle high voltages, making them essential for energy-efficient designs in automotive and industrial sectors. FET/MOSFET Transistors offer superior switching speeds and thermal stability, which are vital for modern electronic circuits, especially in renewable energy systems and electric vehicles.Integrated Circuits manufactured with silicon carbide technology provide enhanced performance in terms of temperature tolerance and power density, allowing for more compact designs in telecommunications and computing. Overall, the importance of these components lies in their ability to improve energy efficiency and reliability across multiple industries, thus driving the US Silicon Carbide Semiconductor Market forward. Market trends are leaning towards a rising demand for reliable and efficient power solutions, fueled by the increasing adoption of electric vehicles and renewable energy initiatives.

Silicon Carbide Semiconductor Market End-Use Insights

The US Silicon Carbide Semiconductor Market is extensively segmented by End-Use, with significant applications in Automotive, Consumer Medical Devices, and Energy and Power. The automotive sector is rapidly evolving, driven by the increasing push for electric vehicles and advanced safety features, which require efficient power management solutions offered by silicon carbide. In the realm of Consumer Medical Devices, the demand for high-performance semiconductors is fueled by the growing trend of remote monitoring and diagnostic tools, making reliability and precision paramount.Additionally, the Energy and Power sector is embracing silicon carbide technology to improve the efficiency of energy conversion systems and renewable energy integration, supporting the US commitment to a sustainable energy future. The market dynamics are influenced by growing investments and advancements in semiconductor technologies, which pave the way for innovative applications across these vital sectors. Overall, the End-Use segmentation of the US Silicon Carbide Semiconductor Market is crucial, reflecting robust growth potential and technological advancements driven by sector-specific needs and government initiatives aimed at enhancing the country's industrial capabilities.

US Silicon Carbide Semiconductor Market Key Players and Competitive Insights:

The US Silicon Carbide Semiconductor Market is a rapidly evolving sector, characterized by increasing investments and robust competition among key players. As industries such as automotive, telecommunications, and renewable energy continue to adopt silicon carbide technology for its superior performance and efficiency, the competitive landscape is marked by innovation, strategic partnerships, and advancements in manufacturing processes. Companies are leveraging silicon carbide's unique properties, such as high thermal conductivity, wide bandgap, and resistance to high voltages, making it an ideal choice for high-power applications. This market is influenced by several factors, including technological advancements, regulatory frameworks, and the growing demand for energy-efficient solutions, which collectively shape the dynamics of competition in the industry.VisIC Technologies has established a significant presence within the US Silicon Carbide Semiconductor Market, primarily focusing on offering advanced high-voltage and high-frequency power devices. The company capitalizes on its strong research and development capabilities, which facilitate the continuous improvement of its products for various applications including electric vehicles and renewable energy systems. VisIC Technologies stands out for its proprietary technology that enables improved efficiency and reduced energy losses, which are critical in achieving operational sustainability. The company’s ability to continuously innovate while leveraging strategic partnerships and collaborations within the industry has bolstered its market position, allowing it to stay competitive against larger players while still addressing niche segments of the market effectively.SemiSouth Laboratories is another key entity in the US Silicon Carbide Semiconductor Market, known for its focus on high-performance power devices utilizing silicon carbide technology. The company has gained recognition for its products, which include discrete devices and modules specifically tailored for power electronics applications. SemiSouth Laboratories has established a solid market presence due to its commitment to quality and performance, catering to diverse industries such as automotive, consumer electronics, and industrial automation. The company’s strength lies in its extensive experience and expertise in silicon carbide materials, allowing it to deliver highly reliable and efficient solutions. SemiSouth Laboratories has engaged in strategic mergers and acquisitions to enhance its technological capabilities and expand its market reach, thereby positioning itself as a trusted supplier in the competitive landscape of the US silicon carbide semiconductor market.

Key Companies in the US Silicon Carbide Semiconductor Market Include:

VisIC Technologies

SemiSouth Laboratories

ROHM Semiconductor

KEMET Corporation

Mitsubishi Electric

Diodes Incorporated

Wolfspeed

Power Integrations

Cree

Nexperia

Texas Instruments

Infineon Technologies AG

STMicroelectronics

Qorvo

ON Semiconductor

US Silicon Carbide Semiconductor Market Industry Developments

In the US Silicon Carbide Semiconductor Market, significant developments have emerged recently. VisIC Technologies announced advancements in their 3D chip design aimed at improving performance and efficiency in automotive applications. Meanwhile, ROHM Semiconductor and Cree are collaborating on new power modules to cater to the rising demand for electric vehicles (EVs), enhancing the push for sustainable technologies. In terms of market dynamics, Wolfspeed reported a substantial increase in revenue, attributing it to the heightened adoption of Silicon Carbide devices across various sectors, particularly in renewable energy and electric mobility. In April 2023, ON Semiconductor acquired a small-scale manufacturer specializing in Silicon Carbide technology to bolster its portfolio, which further positions the company for growth in emerging markets. The last two to three years have seen substantial investment from companies like Texas Instruments and Infineon Technologies AG, focusing on Research and Development to advance semiconductor technologies. Overall, the US Silicon Carbide Semiconductor Market is witnessing robust growth driven by increased demand in automotive and energy sectors, alongside strategic partnerships that enhance technological capabilities.

US Silicon Carbide Semiconductor Market Segmentation Insights

Silicon Carbide Semiconductor Market Application Outlook

UPS

Solar Energy System

EV Charging

Industrial Drives

Silicon Carbide Semiconductor Market Component Outlook

Schottky Diodes

FET/MOSFET Transistors

Integrated Circuits

Silicon Carbide Semiconductor Market End-Use Outlook

Automotive

Consumer Medical Devices

Energy & Power

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	209.1(USD Million)
MARKET SIZE 2024	250.0(USD Million)
MARKET SIZE 2035	2200.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	21.86% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	VisIC Technologies, SemiSouth Laboratories, ROHM Semiconductor, KEMET Corporation, Mitsubishi Electric, Diodes Incorporated, Wolfspeed, Power Integrations, Cree, Nexperia, Texas Instruments, Infineon Technologies AG, STMicroelectronics, Qorvo, ON Semiconductor
SEGMENTS COVERED	Application, Component, End-Use
KEY MARKET OPPORTUNITIES	Electric vehicle demand surge, Renewable energy integration, High-efficiency power electronics, Advanced industrial applications, Growth in 5G infrastructure
KEY MARKET DYNAMICS	Growth in electric vehicles, Increasing demand for efficient power, Government initiatives on clean energy, Advancements in semiconductor technology, Rising adoption in renewable energy
COUNTRIES COVERED	US