碳化硅材料

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光大证券研究· 2025-02-27 13:48
点击注册小程序 查看完整报告 特别申明: 本订阅号中所涉及的证券研究信息由光大证券研究所编写,仅面向光大证券专业投资者客户,用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户,请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限,若给您造成不便,敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【有色】电碳与工碳价差为去年11月以来新低,氧化镨钕价格创近5个月新高 ——金属新材料高频数据周 报(20250217-20250223) 军工新材料:价格持平。新能源车新材料:氧化镨钕价格创近5个月新高。光伏新材料:EVA价格上涨。 氧化镨钕价格创近5个月新高,关注2025年需求情况。锂价已跌至8 万元/吨以内,产能后续存在加速出清 的可能性,锂矿板块建议关注成本具有优势且资源端存在扩张的标的。 (王招华/马俊/王秋琪) 2 025- 02-27 您可点击今日推送内容的第1条查看 【电子】充分受益AI数据中心及AR眼镜等行业增长,天岳先进进入业绩快速增长期——碳化硅行业跟踪报 告之一 碳化硅材料拥有耐高压、耐高频、高热 ...
【电子】充分受益AI数据中心及AR眼镜等行业增长,天岳先进进入业绩快速增长期——碳化硅行业跟踪报告之一(刘凯/于文龙)
光大证券研究· 2025-02-27 13:48
Core Viewpoint - Silicon carbide (SiC) is a compound material composed of carbon and silicon, known for its high hardness and excellent physical and chemical properties, making it a key material for cost reduction and efficiency improvement across various industries [2] Group 1: Characteristics and Advantages of Silicon Carbide - SiC materials possess characteristics such as high pressure resistance, high frequency tolerance, high thermal conductivity, high temperature stability, and high refractive index, which are crucial for transforming the semiconductor industry and supplementing silicon-based technologies [2] - Compared to silicon-based semiconductors, wide bandgap semiconductors represented by SiC and gallium nitride (GaN) exhibit significant performance advantages from material to device level, including high frequency, high efficiency, high power, high pressure resistance, and high temperature tolerance [2] Group 2: Market Potential and Applications - SiC materials have vast market application potential in power semiconductor devices, radio frequency semiconductor devices, and emerging application fields, with significant usage in xEV, photovoltaics, energy storage systems, power grids, rail transportation, communication, AI glasses, smartphones, and semiconductor lasers [3] - The global penetration rate of SiC power semiconductor devices in the overall power semiconductor market increased from 1.1% in 2019 to 5.8% in 2023, with expectations to reach 22.6% by 2030 [4] Group 3: Growth Trends and Projections - From 2019 to 2023, the compound annual growth rate (CAGR) of global revenue from SiC power semiconductor devices in the xEV sector reached 66.7%, with a projected CAGR of 36.1% from 2024 to 2030, indicating continued leadership in market growth [4] - The photovoltaic storage, power grid, and rail transportation sectors also show strong growth momentum, with projected CAGRs of 27.2%, 24.5%, and 25.3% respectively during the forecast period [4]