Silicon Carbide Power Devices for EVs Projected to Reach $16.7 B by 2035

SDKI Analytics announced a market research report on silicon carbide (SiC) power devices used in electric vehicles (EVs). The report forecasts the global SiC power‑device market to grow at a 15.9 % compound annual growth rate from 2026 to 2035, reaching roughly $16.7 billion by 2035 after a $2.8 billion valuation in 2025. Growth drivers include accelerating EV adoption, the shift to 800‑volt vehicle architectures, and expanding fast‑charging networks. According to International Energy Agency data, EV sales are expected to hit 20 million units in 2025, representing about 20 % of all new car sales. The study notes that SiC MOSFETs are expected to capture about 45 % of device shipments, favored for their high switching efficiency and low loss in traction inverters and on‑board chargers.

The analysis also segments the market by device type, application and region, highlighting that higher‑voltage systems and regulatory support for electrification are key factors underpinning the outlook.