India, May 14 -- TrendForce's latest research shows that weakening demand in the automotive and industrial sectors has slowed shipment growth for SiC substrates in 2024. At the same time, intensifying market competition and sharp price declines have pushed global revenue for N-type SiC substrates down 9% YoY to US$1.04 billion.

Looking ahead to 2025, the SiC substrate market will continue to face dual pressures of soft demand and oversupply. However, long-term growth prospects remain promising. As production costs gradually decline and semiconductor device technology advances, SiC applications are expected to expand-particularly in diverse industrial segments. Moreover, heightened competition is accelerating industry consolidation and re...