Global Sapphire Substrates Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The market growth for sapphire substrate materials is owing to the increasing acceptance of SoS technology. Furthermore, the property of sapphire to act as an insulator boosts its growth throughout the forecast period. As well, the increase in demand for LED material from several end-use industries also supports the growth of sapphire substrate materials. Nevertheless, the surplus of sapphire substrate materials and the increased acceptance of GaN-on-Si-based LED materials are the restricting factors for the market growth of sapphire substrate materials
Based on applications, the demand for these substrates has been larger from the LED segment, which is expected to remain so over the years to come, because of the increasing usage of LED lights and screens. The RFIC segment is also projected to witness a significant rise in the demand for sapphire substrates over a few years.
Geographically, the market in the Asia Pacific is presently the leading contributor of revenue to the global sapphire substrates market. The regional market accounted for a massive 60% of the overall market and is estimated to continue to have a stronghold on the global market over the report’s forecast period. Factors such as the presence of a large number of LED manufacturers, a well-established consumer electronics industry, and the presence of numerous semiconductor manufacturing facilities could bode well for the development of the region’s sapphire substrates market over the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global sapphire substrates market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global sapphire substrates market.
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Scope of Global Sapphire Substrates Market
Global Sapphire Substrates Market, By Wafer Diameter
• 2 Inches
• 4 Inches
• 6 Inches
• Others (1 inch, 3 inches, 5 inches, 8 inches etc.)
Global Sapphire Substrates Market, By Applications
• Light Emitting Diode (LED)
• Radio Frequency Integrated Circuits (RFICs)
• Laser Diodes
• Silicon on Sapphire (SoS) ICs
• Others (IGBT, DMOS, Ultra-fast diodes etc.)
Global Sapphire Substrates Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Sapphire Substrates Market
• Precision Micro-Optics Inc.
• Hansol Technics Co. Ltd.
• Semiconductor Wafer Inc.
• Rubicon Technology Inc.
• Meller Optics Inc.
• Crystal Applied Technology Inc.
• KYOCERA Corp.
• Saint-Gobain Group
• Crystalwise Technology Inc.
• Monocrystal Inc.
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