The demand for SiC has increased significantly, and the equipment market will usher in a new explosion

According to Yole Developpement, the SiC device market is expected to exceed $10 billion by 2029, with a CAGR of 25% from 2023 to 2029.

The overall WFE (Fab Factory) SiC manufacturing equipment market is expected to peak at $5 billion by 2026 due to massive capacity expansion.

The transition from 6" to 8" is also a key driver for power SiC investment.

Equipment manufacturers are building facilities in various regions. Silicon carbide wafer production, while important but limited, has expanded significantly, especially in China, triggering a large number of equipment orders. In 2023, more than one-third of the SiC wafer and epitaxial wafer market will be occupied by Chinese companies. This is in line with China's equipment capabilities: as of 2024, several Chinese PVT and HTCVD manufacturers are active. With the shift of the value chain to equipment, China's equipment supply is not yet self-sufficient. As a result, it will take time for Chinese equipment manufacturers to gain market share.

The epitaxial equipment market is expected to generate a cumulative revenue of $4.3 billion from 2024 to 2029, while the SiC ion implanter market is expected to generate revenue of $4.9 billion over the same period.

Equipment such as diffusion furnaces and thermal oxidation machinery is expected to generate $1.4 billion in revenue over the next five years. M&I (Metrology & Inspection) tools are essential for detecting defects in SiC wafer/epitaxial wafers and device processing, with cumulative revenues expected to reach $5.7 billion from 2024 to 2029.

(Source: Semiconductor Industry Watch)