SiC Foundry Service Market Size, Share, Growth, and Industry Analysis, By Types (SiC MOSFET,SiC SBD), By Applications Covered (Automotive & EV/HEV,EV Charging,UPS, Data Center & Server,PV, Energy Storage, Wind Power,Others), Regional Insights and Forecast to 2033

SiC Foundry Service Market Size

The Global SiC Foundry Service Market size stood at USD 0.14 Billion in 2024 and is projected to reach USD 0.17 Billion in 2025, further expanding to USD 1.03 Billion by 2033. This growth reflects a strong compound annual growth rate (CAGR) of 24.8% over the forecast period from 2025 to 2033.

Increasing demand for high-efficiency power devices, electric vehicles, and wide-bandgap semiconductor technologies is significantly driving the expansion of the SiC Foundry Service Market across key industrial sectors.In 2025, the US SiC Foundry Service Market is anticipated to account for approximately 36% of the global market share, positioning North America as a major contributor to the industry's rapid growth.

Key Findings

• Market Size – Valued at USD 0.17 Billion in 2025, expected to reach USD 1.03 Billion by 2033, growing at a CAGR of 24.8%.
• Growth Drivers – 45% adoption in EV inverters, 55% increase in solar installations, 60% rise in UPS deployments using SiC.
• Trends – 70% adoption in data centers, 60% output from Asia-Pacific, 40% of OEMs forming foundry partnerships.
• Key Players – X-Fab, Sanan IC, Episil Technology Inc., HLMC, GTA Semiconductor Co., Ltd.
• Regional Insights – Asia-Pacific 41%, North America 28%, Europe 24%, Middle East & Africa 7% – driven by EV, PV, and industrial growth.
• Challenges – 30% supply chain disruptions, 5–10x higher substrate costs, 25% production delays reported by foundries.
• Industry Impact – 50% increase in process optimization, 35% rise in private funding, 45% more SiC-based components used in infrastructure.
• Recent Developments – 40+ new products launched, 25% yield improvement, 8-inch wafer production increased by 30%, 5 major partnerships announced.

The SiC Foundry Service market is rapidly evolving due to the growing demand for high-performance semiconductors used in power electronics. Silicon carbide (SiC) offers higher efficiency, superior thermal conductivity, and higher voltage handling capacity than traditional silicon. These advantages are making SiC devices indispensable for electric vehicles, renewable energy systems, and high-frequency applications. The SiC Foundry Service market is expanding as industries increasingly outsource SiC wafer fabrication to specialized foundries, streamlining production and enabling faster product development. With significant investments in wide-bandgap materials, the SiC Foundry Service market is becoming critical in reshaping global power semiconductor infrastructure.

SiC Foundry Service Market Trends

The SiC Foundry Service market is witnessing robust transformation, largely driven by advancements in electric mobility, energy storage, and power infrastructure. In 2024, over 60% of the total global SiC foundry capacity was concentrated in Asia-Pacific, with China and Taiwan holding significant shares. The SiC Foundry Service market is also observing an increasing number of partnerships between automotive OEMs and SiC wafer manufacturers to ensure a stable supply chain. For instance, more than 40% of EV powertrains manufactured in 2023 incorporated SiC-based devices, indicating their rising dominance.

Furthermore, the adoption of SiC in renewable energy installations surged by over 55% between 2022 and 2024, particularly in photovoltaic and wind power applications. More than 70% of data centers are projected to transition towards SiC-based UPS systems due to better energy efficiency and thermal management. Foundries are responding by scaling up 6-inch and 8-inch SiC wafer production, and over 30 new fabs or expansions were announced globally in 2023 alone. These trends underline how the SiC Foundry Service market is becoming a strategic pillar in electrification and digital transformation globally.

SiC Foundry Service Market Dynamics

The SiC Foundry Service market is shaped by a complex interplay of demand surges in electric mobility, advancements in wide-bandgap semiconductor research, and increasing reliance on outsourced foundry services. The SiC Foundry Service market benefits from rising integration of SiC components into power systems, driving fabrication needs beyond in-house capabilities. Moreover, governments worldwide are incentivizing local foundry setups to reduce dependency on foreign semiconductor production, adding momentum to the SiC Foundry Service market.

At the same time, the SiC Foundry Service market faces constraints such as limited substrate availability and high wafer costs. Nevertheless, global capacity expansions, process optimization, and yield improvements are helping overcome these hurdles. Industry consolidation and technology licensing agreements are also contributing to the maturity and scalability of the SiC Foundry Service market.

OPPORTUNITY

Integration of SiC in renewable and grid infrastructure

The increasing deployment of SiC devices in renewable energy systems presents a substantial opportunity for the SiC Foundry Service market. Over 65% of new photovoltaic inverter systems in utility-scale solar plants adopted SiC-based designs by 2024. SiC power modules improve efficiency, reduce thermal losses, and lower system size. Likewise, battery energy storage systems are now incorporating SiC components for improved energy density and switching performance. Governments across Europe and North America are funding large-scale renewable integration projects, creating a favorable policy environment. These trends make the SiC Foundry Service market crucial for decarbonized, high-efficiency power ecosystems.

DRIVERS

Increasing demand for electric vehicles (EVs) and industrial power solutions

The SiC Foundry Service market is gaining rapid momentum due to the widespread electrification of transportation and infrastructure. Over 45% of global EV inverters are now equipped with SiC MOSFETs, and this percentage is expected to grow steadily with increasing EV penetration. The growing focus on 800V battery architectures in electric vehicles has pushed demand for high-voltage SiC components, directly driving orders for foundry services. In addition, over 50% of fast-charging EV infrastructure installed in 2023 relied on SiC components for efficient energy conversion, reinforcing the SiC Foundry Service market's critical role in mobility and smart energy systems.

Market Restraints

"High cost of SiC substrates and complex manufacturing"

One of the major hurdles facing the SiC Foundry Service market is the elevated cost of SiC substrates and the complexities involved in wafer fabrication. Currently, SiC substrates are 5–10 times more expensive than silicon wafers, contributing significantly to the total manufacturing cost. Yields are also relatively lower in SiC wafer production due to crystal defects and processing intricacies, slowing down scalability. Foundries often face equipment compatibility challenges and longer processing times, making cost-efficient production difficult. These technical and economic barriers restrict many smaller players from entering the SiC Foundry Service market despite growing demand.

Market Challenges

"Supply chain disruptions and limited global capacity"

The SiC Foundry Service market is currently facing significant challenges related to supply chain reliability and production bottlenecks. In 2023, over 30% of global foundries reported delays due to substrate shortages, particularly for 6-inch and emerging 8-inch SiC wafers. The specialized nature of SiC fabrication equipment limits flexibility, and only a few players dominate upstream substrate production. This creates dependency risks and pricing volatility. Moreover, geopolitical tensions and export controls in key semiconductor-producing regions have increased procurement uncertainty. Addressing these challenges is essential to secure long-term stability in the SiC Foundry Service market.

Segmentation Analysis

The SiC Foundry Service market is segmented by type and application, reflecting its wide utility across industries. In terms of type, the market is dominated by SiC MOSFET and SiC Schottky Barrier Diodes (SBD), each serving distinct roles in power conversion. The SiC Foundry Service market segmentation by application shows strong presence in automotive & EV/HEV, EV charging, data centers, UPS systems, photovoltaic systems, energy storage, and wind power. Each segment is growing rapidly due to higher performance demands and the benefits of silicon carbide’s superior material properties. Strategic investments in type-specific and application-specific foundry services are shaping market direction.

By Type

• SiC MOSFET: SiC MOSFETs account for more than 60% of the SiC Foundry Service market’s type-based segment in 2024. These transistors enable faster switching speeds, reduced conduction losses, and better thermal performance. Their usage is dominant in electric vehicles, high-frequency inverters, and industrial power supplies. Foundries have scaled up their process technologies to handle complex SiC MOSFET designs, improving wafer yields by over 25% year-over-year. Several global IDMs have partnered with dedicated foundries to address rising demand and speed up time-to-market.
• SiC SBD: SiC Schottky Barrier Diodes (SBDs) are increasingly used in power supply units, solar inverters, and server farms. In 2024, SiC SBDs comprised approximately 40% of the total SiC Foundry Service market by type. These diodes offer ultra-fast recovery times and reduced switching losses. SiC SBDs are ideal for high-frequency, low-noise environments such as aerospace, telecom base stations, and energy-efficient home appliances. Foundries specializing in SBD production are expanding to meet the steep rise in orders, especially in Asia-Pacific.

By Application

• Automotive & EV/HEV: The automotive & EV/HEV segment is the largest contributor to the SiC Foundry Service market, capturing over 38% of the global demand in 2024. SiC components are widely used in traction inverters, onboard chargers, and DC-DC converters in electric and hybrid vehicles. More than 50% of next-generation EV platforms utilize SiC MOSFETs to enable higher efficiency and faster switching. As automakers push toward 800V architectures, the need for reliable and scalable SiC Foundry Service market offerings is surging. Strategic collaborations between car manufacturers and SiC foundries are becoming increasingly common to secure component supply.
• EV Charging: The EV charging segment holds around 17% of the SiC Foundry Service market share as of 2024. SiC power devices are critical for fast-charging stations, as they offer reduced losses and increased power density. Over 55% of newly installed DC fast chargers globally now integrate SiC-based modules. As public and private investments into EV charging infrastructure accelerate, foundries are scaling their capacity to cater to rising demand. The SiC Foundry Service market is responding to this trend by enabling high-reliability and compact solutions specifically designed for 150kW and above charging stations.
• UPS (Uninterruptible Power Supply): UPS applications represent approximately 10% of the SiC Foundry Service market in 2024. SiC devices in UPS systems help ensure reliable power backup with improved thermal management and reduced footprint. More than 60% of high-efficiency UPS installations across Tier III and IV data centers have transitioned to SiC-based solutions. Foundries are increasingly focusing on custom fabrication processes for UPS module integration, enhancing power density and system longevity. This makes the SiC Foundry Service market a key enabler for critical infrastructure resilience.
• Data Centers & Server: The data centers & server segment commands about 4% of the SiC Foundry Service market. Demand is growing rapidly as cloud service providers and colocation facilities seek energy-efficient power solutions. SiC MOSFETs and SBDs are being adopted in power supply units and voltage regulators due to their low switching losses and compact size. More than 70% of hyperscale data centers are projected to adopt SiC-enabled systems over the next few years. This increasing adoption contributes significantly to the expanding SiC Foundry Service market footprint in digital infrastructure.
• Photovoltaic (PV) Systems: PV systems contribute over 11% to the SiC Foundry Service market in 2024. SiC devices are increasingly being used in solar inverters to improve efficiency, lower total system cost, and enhance thermal performance. More than 65% of new utility-scale solar inverters deployed worldwide are SiC-based, driving demand for specialized foundry services. The SiC Foundry Service market benefits from partnerships with solar inverter manufacturers to customize device specifications for specific solar deployment scenarios.
• Energy Storage: Energy storage systems account for roughly 9% of the SiC Foundry Service market. Battery-based storage solutions are incorporating SiC devices to enhance power conversion efficiency and reduce thermal losses. SiC-based bidirectional inverters in battery energy storage systems saw a 45% increase in adoption from 2022 to 2024. The SiC Foundry Service market is experiencing strong interest from grid operators and renewable integrators who require reliable, high-performance power components to support distributed energy infrastructure.
• Wind Power: Wind power applications contribute approximately 6% to the SiC Foundry Service market. SiC modules are used in wind turbine converters and pitch control systems to reduce energy loss and optimize power delivery. Offshore wind installations, in particular, benefit from SiC’s ability to operate under high-voltage, high-frequency conditions. Over 40% of next-generation wind turbines under development include SiC-based components, creating a growth avenue for the SiC Foundry Service market to support clean energy transitions.
• Others: The “Others” category in the SiC Foundry Service market includes applications such as aerospace, railway systems, medical equipment, and industrial automation. These sectors collectively contribute around 5% to the overall market. The demand in these areas is driven by a focus on compact, efficient, and high-reliability components. SiC devices are being increasingly integrated into specialized systems such as traction drives, surgical power tools, and high-voltage control units. Foundries are targeting this segment by offering flexible, low-volume batch production with application-specific customization, expanding the SiC Foundry Service market reach.

SiC Foundry Service Market Regional Outlook

The SiC Foundry Service market showcases a strong regional concentration, with Asia-Pacific leading in manufacturing capacity and technological development. North America and Europe are rapidly expanding due to strategic investments in electric mobility and power infrastructure. Each region plays a distinct role in the global SiC Foundry Service market, with varied applications ranging from EV production to data center integration. The demand landscape is influenced by government initiatives, semiconductor policy frameworks, and collaborative projects with OEMs. Regional foundries are scaling capacity to match growing demand across power electronics and renewable energy systems, which is further pushing global adoption rates of SiC foundry solutions.

North America

North America contributes around 28% to the global SiC Foundry Service market. The U.S. leads this share, driven by its dominance in electric vehicles, aerospace, and military-grade semiconductor applications. Over 60% of EV manufacturing facilities in the U.S. rely on SiC-based inverters and converters. The region has seen more than 25% annual growth in data center expansions deploying SiC UPS systems. Collaborative agreements between SiC foundries and Tier-1 automakers have strengthened the supply chain. Government subsidies supporting domestic semiconductor manufacturing are further propelling the SiC Foundry Service market across North America.

Europe

Europe accounts for approximately 24% of the SiC Foundry Service market, supported by its strong industrial base and sustainability-focused policies. Countries like Germany, France, and the Netherlands are accelerating the integration of SiC power devices in wind energy and automotive sectors. Over 50% of EV platforms developed in Europe now use SiC MOSFETs. Foundries are increasingly partnering with research institutions to innovate wafer fabrication processes. Additionally, more than 40% of new railway power electronics systems in Europe are using SiC-based solutions. The region is also witnessing significant investments into localized wafer production facilities to reduce external dependencies.

Asia-Pacific

Asia-Pacific leads the SiC Foundry Service market with over 41% market share, attributed to massive production volumes and technological dominance. China, Taiwan, and Japan house a significant concentration of foundry capacity. In 2024, more than 60% of global SiC wafer output originated from Asia-Pacific. Over 70% of EV component exports come from this region, with extensive use of SiC-based modules. Local foundries have improved yield rates by 20% year-over-year through process optimization. Government-backed chip subsidy programs and industrial collaborations with EV giants have positioned the Asia-Pacific region as a global hub for SiC foundry services.

Middle East & Africa

The Middle East & Africa region holds a modest 7% share of the SiC Foundry Service market. Despite being a smaller market, growth is driven by renewable energy projects, particularly in the UAE, Saudi Arabia, and South Africa. Over 30% of solar and wind power installations in the Gulf region incorporate SiC-based inverters. Energy storage deployments utilizing SiC components are increasing due to grid modernization efforts. Government-funded technology zones and industrial diversification plans are attracting international foundry partnerships. This region is expected to gradually expand its role in the global SiC Foundry Service market.

LIST OF KEY SiC Foundry Service Market COMPANIES PROFILED

Investment Analysis and Opportunities

The SiC Foundry Service market is drawing substantial investment due to surging demand for high-performance power devices. In 2023, over 30 SiC foundries announced expansions or new facility constructions globally. X-Fab, for instance, invested in increasing its 6-inch SiC wafer capacity by 40% to meet rising orders. Several Asian players, including Sanan IC and GTA Semiconductor, initiated strategic partnerships with EV OEMs and PV inverter manufacturers. North America saw a 25% increase in federal grants for SiC-related R&D.

Private equity funding in SiC foundry startups rose by over 35% in 2023, signaling strong investor confidence. Over 50% of this capital was allocated to yield improvement and defect-reduction technologies. In Europe, policy-backed investment programs led to new collaborative foundry setups in Germany and the Netherlands. Additionally, joint ventures between global IDMs and local foundries are accelerating tech transfer and enhancing regional self-sufficiency. The SiC Foundry Service market continues to attract attention from both strategic investors and public institutions aiming to future-proof semiconductor infrastructure.

New Products Development

SiC Foundry Service market players are focusing on product innovation to meet the evolving needs of high-voltage and high-frequency applications. In 2023, over 45 new SiC device designs were introduced to support faster switching and improved thermal performance. X-Fab launched its 650V SiC MOSFETs optimized for compact EV inverters. Meanwhile, Episil Technology Inc. introduced high-current SiC Schottky diodes for data center UPS systems.

Several foundries developed process nodes specifically tailored for 8-inch SiC wafer processing, which improved output by over 30% per wafer batch. HLMC and Sanan IC also unveiled SiC solutions for ultra-fast EV chargers supporting up to 350kW. Many of these new product lines are being co-developed with EV, aerospace, and solar inverter OEMs to ensure real-world performance compatibility.

The SiC Foundry Service market is also seeing new design kits and wafer-level packaging methods that enhance integration with existing silicon platforms. Over 60% of new product launches in 2024 incorporated AI-powered simulation tools to streamline customization. This wave of innovation is expected to make SiC devices more accessible and application-specific across a range of industries.

Recent Developments

• In 2023, X-Fab expanded its Texas fab to double its SiC MOSFET output.
• In early 2024, Sanan IC signed a 5-year deal with an EV giant to supply 8-inch SiC wafers.
• HLMC launched a new process node for high-speed rail power modules in late 2023.
• Episil Technology Inc. unveiled compact 650V SiC diodes in Q2 2024 for server power supplies.
• In 2024, GTA Semiconductor opened a new SiC R&D center focusing on defect density reduction by 25%.

Report Coverage

The SiC Foundry Service market report provides an in-depth analysis of global and regional market trends, segmentation, technological developments, and investment landscapes. It includes insights into type-specific performance, with dedicated sections for SiC MOSFETs and SiC Schottky Diodes. Applications such as automotive & EV/HEV, UPS, data centers, PV systems, and wind power are comprehensively examined. The report covers key players' market shares, capacity expansions, and strategic initiatives.

Additionally, the study evaluates market dynamics including drivers, restraints, challenges, and growth opportunities. Investment activities, new product launches, and technological advancements across major regions are discussed. The report also features competitive benchmarking and SWOT analysis for leading players. Recent developments from 2023–2024 are outlined to provide readers with the latest updates. With granular insights into global supply chains, foundry processes, and yield improvements, this report serves as a critical tool for decision-makers in the SiC Foundry Service market.