India, July 1 -- Yole Group unveiled the 2025 edition of its Power SiC: Market & Applications report, delivering a deep dive into SiC's evolving global landscape, covering device markets, supply chains, and strategic developments across applications.

While the SiC device market is poised to reach $10.3 billion by 2030, a temporary slowdown in EV sales in 2024 is delaying demand for both devices and wafers, causing a cautious reassessment among market leaders. Impacts on revenue are expected in the short term, leading companies to revise their CapEx and OpEx strategies, including inventory and capacity expansion.

Nevertheless, momentum continues across high-voltage automotive platforms. More 800V EV model launches result in higher SiC ad...