Institution: SiC substrate market revenue is expected to decrease by 9% in 2024, but long-term demand is optimistic.

According to the latest research from TrendForce, the shipment growth of SiC substrates slowed down in 2024 due to weakening demand from the automotive and industrial sectors. At the same time, market competition intensified, leading to a significant decrease in product prices. This caused a 9% year-on-year decrease in global N-type SiC substrate industry revenue in 2024, totaling $1.04 billion.