A recent report published by
Infinium Global Research on sapphire technology market provides in-depth
analysis of segments and sub-segments in the global as well as regional
sapphire technology market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional sapphire technology market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast, and dollar values of the global sapphire technology market.
According to the report, the global sapphire technology market is projected to
grow at a CAGR of 11.5% over the forecast period of 2020-2026.
The current sapphire technology
market has not yet stabilized; there is a good basis for that in the nearest
future. The market of sapphire technology is starting to grow, and the demand
will increase in comparison to supply. Sapphire has emerged as a versatile
technology useful to a range of industries in many varied applications
including LEDs, optical, and RFICs. Today, the scope of technology usage is
quite extensive with its unique combination of characteristics. Sapphire
technology is highly demanded in almost all fields of science and technology.
Sapphire technology is used in
end-use industries such as consumer electronics, power, aerospace, and defence.
The key components in LED manufacturing are the sapphire substrate instead of
filament lamps as it helps reduce power consumption, which is expected to drive
the sapphire technology market. The range of products manufactured using
sapphire technology has witnessed significant growth as the quality
requirements for working surfaces have become more stringent. The development
of new technologies, in particular in the field of telecommunication equipment,
including television and tablet-phone trends, has a direct impact on a
significant increase of high-tech consumption, specifically, the use of larger
diameter sapphires. Sapphire has a number of physical attributes that make it
suitable for a wide range of end markets including its hardness and resistance
to physical. However, the availability of high-end materials Such as Si, SiC, GaN,
and Others is affecting the growth of the market. Moreover, the growing
technological advancements, of synthetic sapphires and HPA are expected to
provide a significant growth opportunity for the sapphires technology market.
The Asia-Pacific region dominated
the sapphire technology industry owing to the growing semiconductor industry.
Furthermore, governments and companies have been pushing the development of
materials, components, and equipment so that they will be less reliable on
imposed products. The presence of market players is dedicating to develop
sapphire materials to meet domestic demands, including Mini LED chips, which
Samsung is reportedly buying from Taiwanese and Chinese companies for its
upcoming Mini LED-backlit TVs. In addition, Korean industries also import most
of the bonding substrates for Mini LED display from Japanese companies. The
Korean government is investing in its small- and middle-sized companies to
focus on research and development of those technology supplies so that its
businesses can be more independent. For instance, In September 2020 A Daekyung
Semco Korean company announced a 12-inch sapphire wafer with the required
quality which can help to support local demands of semiconductor
materials. Additionally, countries such
as Japan, Taiwan, China, Korea, and others are having their ample share in the
market growth of sapphire technology.
The report on global sapphire
technology market covers segments such as substrate wafer, devices, and
application. On the basis of substrate wafer, the sub-markets include Si-on-sapphire,
SiC-on-sapphire, GaN-on-sapphire, and others. On the basis of devices, the
sub-markets include power discrete devices, monolithic microwave integrated
circuit (MMIC)), and opto-semiconductors. On the basis of application, the
sub-markets include consumer electronic, power sector, aerospace & defense
semiconductor, and others.
The report provides profiles of
the companies in the market such as GT Advanced Technology, Rubicon Technology,
Namiki Precision Jewel Co. Ltd, Monocrystal Inc, DK Aztec Co. Ltd, Tera Xtal,
ACME Electronics Corporation, DK Aztec Co., Ltd, Fraunhofer-Gesellschaft, and
Sapphire Technology Co., Ltd..
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of sapphire technology market. Moreover, the study highlights current
market trends and provides forecast from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.