Organization: The revenue of the SiC substrate market is expected to decrease by 9% in 2024, but the long-term growth trend remains unchanged.

According to the latest research from TrendForce, the global N-type SiC substrate industry revenue is expected to decrease by 9% in 2024, dropping to 1.04 billion US dollars. This change is mainly due to weakened demand in the automotive and industrial sectors, slowing growth in SiC substrate shipments, and intensified market competition leading to a significant drop in product prices. TrendForce also points out that as we enter 2025, despite facing the dual pressures of weak demand and oversupply, the long-term growth trend in the SiC substrate market remains unchanged. It is expected that with cost reductions and advancements in semiconductor technology, the future applications of SiC will become more widespread.