The SiC-On-Insulator and Other Substrates Market is projected to reach USD 149 million by 2029, growing at a CAGR of 8.5% from 2024 to 2029. Factors driving market growth include the demand for 5G technology and electric vehicles, with opportunities in the photonics industry.

Conductive SiC Substrates are expected to have the highest CAGR in the industry due to their high-temperature tolerance and versatility in various technological advancements.

Power devices are forecasted to have the highest CAGR in the SiC-on-insulator market, offering robust solutions for demanding environments.

Europe is expected to register the second-highest CAGR in the SiC-on-insulator market, driven by demand for advanced healthcare solutions and the presence of major semiconductor manufacturers.

The escalating need for SiC-on-substrates based photovoltaic systems presents an opportunity in the market, while process complexities related to SiC-on-insulator and other substrates pose challenges in manufacturing.

Major key players in the SiC-On-Insulator Industry include Wolfspeed, SICC Co., SOITEC, and Coherent Corp, among others. Conductive SiC Substrates are positioned for growth, driven by demand for power devices and technological advancements.

Read more at GlobeNewswire: SiC-On-Insulator & Substrate Technologies Poised to Achieve