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SiC market growing at 42 percent CAGR

SiC semiconductor market worth $3182.89 million by 2020
According to a new report, the silicon carbide semiconductor market is expected to reach $3182.89 million by 2020, growing by around 42 percent CAGR.

Silicon carbide has a band-gap and thermal coefficient three times higher than silicon based semiconductors, making it attractive for solar power applications, harsh environments, and military and defence systems. Huge competition from the development of gallium nitride is one factor restraining its growth, according to the report published by Markets and Markets.

Covering technology, product, application and geography, the report also includes a brief description of major SiC players including CREE, Fairchild Semiconductor, Genesic Semiconductor, Infineon Technologies, Microsemi Corporation, Norstel, Renesas Electronics, ROHM, STMicroelectronics, and Toshiba and their recent developments.

'Silicon Carbide (Sic) In Semiconductor Market By Technology, Product, And Application (Automotive, Defense, Computers, Consumer Electronics, ICT, Industrial, Medical, Railways, And Solar), By Geography - Forecast And Analysis To 2013 - 2020'. Publlished by marketsandmarkets.com (June 2014).
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