The Market Reports

Synopsis
The global market for Automotive Grade SiC Power Module was estimated to be worth US$ 1546 million in 2024 and is forecast to a readjusted size of US$ 6728 million by 2031 with a CAGR of 18.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Automotive Grade SiC Power Module cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Automotive Grade Silicon Carbide (SiC) Power Modules are advanced semiconductor devices designed for high-performance power electronics in vehicles. These modules utilize SiC material, which offers superior properties such as high thermal conductivity, high voltage tolerance, and low energy loss compared to traditional silicon-based components. Structurally, they often adopt configurations like three-phase full-bridge topology and integrate advanced manufacturing processes such as nano-silver sintering, Cu clip bonding, and ultrasonic welding. These innovations enhance reliability, reduce thermal resistance, and improve current-carrying capacity, enabling operation at higher temperatures (up to 175°C junction temperature) and frequencies (over 20 kHz). Key applications include inverters, DC-DC converters, and onboard chargers in electric vehicles (EVs), where they optimize energy conversion efficiency, extend driving range, and support high-power systems (e.g., 800V architectures).
Key trends include the shift toward 800V high-voltage systems to support ultra-fast charging and higher power density, as seen in platforms like E-GMP and Porsche Taycan34. Technological advancements, such as STMicroelectronics’ third-generation ACEPACK DRIVE modules and BorgWarner’s double-sided cooling (DSC) designs, are enhancing thermal management and reducing energy losses, enabling compact inverter solutions for next-gen EVs. Additionally, growing demand for EVs, government incentives for zero-emission vehicles, and integration into autonomous driving systems are accelerating adoption1. Challenges remain, including high production costs and supply chain constraints for SiC materials, but innovations in manufacturing (e.g., cost-effective wafer processing) and collaborations between automakers and semiconductor firms are expected to mitigate these barriers, further solidifying SiC’s role in sustainable mobility.
The key players of SiC MOSFET modules are STMicroelectronics, Infineon, Wolfspeed, Rohm, Onsemi, BYD Semiconductor, Microchip (Microsemi), Mitsubishi Electric (Vincotech) and Semikron Danfoss, etc. The top three players hold a share over 70 percent in 2022.
Currently automotive is the largest application of SiC modules. driven by demand from China, UAS, EU, and Japan. China is one of the world’s largest automotive markets, and its growth potential remains high. In particular, high rates of growth for electric-powered vehicles make China one of the largest markets for electromobility.
Global new energy vehicles continue to grow rapidly. In 2023, the total sales of new energy vehicles in the world reached 14.65 million, a simultaneous increase of 35.4%. Among them, China's new energy vehicle sales reached 9.495 million, accounting for 64.8% of global sales. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. In 2023, the sales of new energy vehicles in the United States and Europe were 2.94 million and 1.46 million respectively, with year-on-year growth rates of 18.3% and 48.0% respectively.
This report aims to provide a comprehensive presentation of the global market for Automotive Grade SiC Power Module, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Grade SiC Power Module by region & country, by Type, and by Application.
The Automotive Grade SiC Power Module market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Grade SiC Power Module.
Market Segmentation
By Company
Infineon
Mitsubishi Electric
Fuji Electric
Semikron Danfoss
Bosch
onsemi
Microchip
STMicroelectronics
BYD
StarPower
Zhuzhou CRRC Times Electric
Hangzhou Silan Microelectronics
MacMic Science & Technolog
Guangdong AccoPower Semiconductor
United Nova Technology
Grecon Semiconductor (Shanghai)
Wolfspeed
Rohm
Leadrive Technology
HAIMOSIC (SHANGHAI)
Suzhou Sko Semiconductor
Shenzhen Aishite Technology
Suzhou Xizhi Technology
Archimedes Semiconductor (Hefei)
Toshiba
BASiC Semiconductor
SanRex
Cissoid
Segment by Type
1200V SiC Module
750V and 900V SiC Module
Segment by Application
EV Main Inverter
EV Charging
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Automotive Grade SiC Power Module manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Automotive Grade SiC Power Module in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Automotive Grade SiC Power Module in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index