Allied Market Research: Global N-type SiC substrate industry revenue in 2024 is expected to decrease by 9% but long-term demand is optimistic.

Wisdom Finance APP learned that based on the latest research from TrendForce, the shipment growth of SiC substrates has slowed down due to weakening demand for automotive and industrial applications in 2024. At the same time, market competition has intensified, leading to a significant decrease in product prices, resulting in a 9% year-on-year decrease in global N-type SiC substrate industry revenue to $1.04 billion in 2024. Despite facing dual pressures of weak demand and oversupply in 2025, the long-term growth trend of the SiC substrate market remains unchanged.