Sapphire Substrates Market – Market Volume Is Estimated To Reach 40,333.2 Thousand Units over the Forecast Period, Thanks To the Escalating Usage of LED Lights and Screens

Characterized by the rivalry between Crystal Applied Technology Inc., Hansol Technics Co. Ltd., Monocrystal, TeraXtal Technology Corp., Iljin Display, Rubicon Technology, and Crystaland, the global market for sapphire substrates exhibits a highly fragmented and competitive landscape, finds a report by Transparency market Research (TMR). The competitive rivalry between these players is expected to remain high over the next few years.

Global Sapphire Substrates Market: Segmentation

In terms of wafer diameter, the global sapphire substrates market is segmented into 2 inches, 4 inches, 6 inches and others. Others segment includes 1 inch, 3 inches, 5 inches and 8 inches wafer diameters, among others. By applications, the market was segmented into light emitting diode (LED), radio frequency integrated circuits (RFIC), laser diodes, silicon on sapphire (SoS) integrated circuits and others. Others segment includes insulated gate bi-polar transistor (IGBT), double-diffused metal oxide semiconductor (DMOS) and ultra-fast diodes among others.

The regional market analysis gives in-depth analysis of the current trends in different regions including North America, Europe, Asia Pacific, and rest of the world (RoW). RoW covers the South America and Middle East & Africa markets. The market revenue for sapphire substrates has been provided in terms of (USD Million) and market volume has been provided in terms of (Thousand Units), along with the CAGR for the forecast period from 2016 to 2024.

The worldwide market for sapphire substrates, which presented an opportunity worth US$0.4 bn in 2015, is expected to rise at a CAGR of 4.10% between 2016 and 2024 and reach US$0.6 bn by the end of 2024. In terms of volume, the market is estimated to reach 40,333.2 thousand units by 2024.

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Demand for Sapphire Substrates to Remain High from LED Segment

Light emitting diode (LED), radio frequency integrated circuits (RFIC), laser diodes, silicon on sapphire (SoS) integrated circuits, and other applications, such as insulated gate bi-polar transistor (IGBT), double-diffused metal oxide semiconductor (DMOS), and ultra-fast diodes, are the main application areas of sapphire substrates across the world.

Among these, the demand for these substrates has been greater from the LED segment, which is likely to remain so over the years to come, thanks to the increasing usage of LED lights and screens. The RFIC segment is also expected to witness a considerable rise in the demand for sapphire substrates over the next few years.

In 2015, Asia Pacific was the largest regional market for sapphire substrates, accounting for more than two third of the market share, in terms of revenue, and is expected to retain their leading position during the forecast period. In terms of volume, Asia Pacific is again expected to be the largest regional market for sapphire substrates, accounting for more than 80% market share in 2015. The shifting of semiconductor manufacturing facilities in China, Taiwan, Japan and other Asian countries has been a primary factor for the growth of the sapphire substrates market in this region.

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Global Sapphire Substrates Market: Research Methodology

To aid in strategic decision-making, the report includes competitive profiling of leading players in the industry, overview, SWOT analysis, product segments, business segments, various business strategies adopted by them, revenue garnered and their region wise revenue share. The SWOT analysis, provided for each of the companies profiled, discusses the strengths, weaknesses, opportunities and threats for those companies, thus providing a better understanding of the business of the major players in this market.

The key trends analysis, provided in the report for each region, details the current trends of the sapphire substrates market for that region. The market attractiveness analysis, and Porter’s five forces analysis included in the report provide insight into industry competition, market dynamics and the most profitable segments in the sapphire substrates market. The report also provides the supply chain analysis, for the sapphire substrates, for a better understanding of the production and flow of products through the industry and to the end users.

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