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Global Sapphire Substrate Material Market Insight2022-06-30 Comments
The Sapphire Substrate Material is forecast to grow rising steadly over the next four years. According to the WK-chem Research “Global Sapphire Substrate Material Professional Survey Report 2022, Forecast to 2027”, The growing demand for LEDs, laser diodes and other RFIC applications is the main factor driving the growth of sapphire substrate material market.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 3.89% base on WK-chem Research regression analysis model.
“With the continuous progress of science and technology and the continuous improvement of per capita income, high-end electronic products have broad development space.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WK-chem Research.”It is suggested that participants in sapphire substrate material industry should actively carry out technological innovation, develop new products and occupy more market share.”
The discovery of graphene equivalent isomers has led to a significant increase in research and development activities around the world. The high demand for sapphire substrates will promote the growth of the market to a certain extent. Nitride based LEDs have various advantages such as long life, size and high efficiency. Their use and demand for solid-state lighting are increasing. It is expected that they will also have a strong impact on the global sapphire substrate Market during the forecast period. In addition, the soaring demand for silicon microelectronic circuits on sapphire will also promote the growth of the global sapphire substrate material market. The increasing demand for silicon circuits on sapphire is mainly due to the advantages of low power consumption, high speed and radiation resistance. Therefore, it is widely used in smart phone production, high-frequency radio communication, notebook computer and aerospace industry. The continuous development of the terminal industry promotes the increasing demand for sapphire substrate materials and the expansion of the global sapphire substrate material market.
However, compared with other substrates, the high production cost will limit the growth of sapphire substrate material market to a certain extent.
The main players in the Sapphire Substrate Material market are Samsung Electronics Co., Ltd., Corning, LG, Precision Micro-Optics, Hansol Technics, Semiconductor Wafer, Rubicon Technology, Meller Optics, KYOCERA Corporation, Saint-Gobain Group, Crystal Applied Technology, Crystalwise Technology Inc, Monocrystal Inc and others.
Segmentation of Sapphire Substrate Material Market:
According to the type, the global sapphire substrate material market can be divided into C-plane sapphire substrate, R / m-plane sapphire substrate and pattern sapphire substrate. Among them, C-plane sapphire substrate occupies the dominant position in the market. Because C-plane sapphire substrate is a sapphire substrate widely used by manufacturers for GaN growth, and compared with other substrates, the process of sapphire crystal growth along the c-axis is more mature, the cost is relatively low, and the physical and chemical properties are more stable. According to the application, the global sapphire substrate material market can be divided into LED, RFIC, laser diode, silicon on sapphire (SOS) ic and others. Among them, led occupies the dominant position in the market. The increasing demand for LED in terminal applications is the main driving force driving the growth of sapphire substrate material market.
Sapphire Substrate Material Market: Regional Analysis
In terms of geography, the global Sapphire Substrate Material market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.At present, North America occupies a dominant position in the market. With the increase of per capita income, residents of North American countries led by the United States increasingly use electronic products with high-end functions, and the demand for sapphire substrate materials is increasing. North America also accounts for an important share of global production capacity due to the main participation of major participants such as Samsung Electronics Co., Ltd., Corning, LG and other companies operating in the region. Therefore, North America will continue to maintain its leading position in the forecast period. In addition, with the rapid development of industrialization, the Asia Pacific market will grow at the highest compound growth rate in the forecast period.
Largest share area：North America
Largest share country：the United States
Product Type：C-plane Sapphire Substrate, R / M-plane Sapphire Substrate, Pattern Sapphire SubstrateApplication：LED, RFIC, Laser Diode, Silicon On Sapphire (SOS) IC , OthersLeading Company：Samsung Electronics Co., Ltd., Corning, LG, Precision Micro-Optics, Hansol Technics