Global Sapphire Substrates Market: Snapshot
Thanks to the massive rise in the demand for LED across a number of sectors, the global market for sapphire substrates has been witnessing a remarkable progression in its size. In addition to this, the advent of the silicon-on-Sapphire (SoS) technology is likely to add significantly to the growth of this market in the near future, owing to the favorable properties of sapphire. The rising application of SoS integrated circuits (ICs) in various electronic products is also projected to promote the growth of this market substantially over the next few years.
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.
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.
Additionally, easy availability of raw materials and equipment suppliers, coupled with much lower labor cost, has also been promoting the growth of sapphire substrates market in Asia Pacific. Furthermore, presence of several LED manufacturers in this region has also significantly promoted the growth of sapphire substrates market in this region. North America was the second largest market for sapphire substrates in 2015, in terms of revenue. Volume wise, the region was also the second largest market. The market is expected to grow at a medium pace and is primarily driven by the application of high quality sapphire substrates in RFICs and laser diodes among others.
Some of the leading players in the global market for sapphire substrates are 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., and Monocrystal Inc.
Global Sapphire Substrates Market: Overview
This report provides strategic study of the global sapphire substrates market, and the growth forecast for the period 2016 to 2024. The scope of the report includes competitive analysis of various market segments based on wafer diameter, applications, and in-depth cross-sectional scrutiny of the sapphire substrates market across different geographical segments. Sapphire is considered as a gemstone. Its chemical formula is Al2O3 and is a type of corundum.
Natural sapphire is primarily used for jewelry while synthetic sapphire is used for various applications such as shatterproof glasses and light emitting diodes (LEDs) among others. Synthetic sapphire is chemically inert and a hard material, having good optical properties. It has a melting point of around 2045ºC and can retain thermal stability up to 1600ºC. Sapphire substrates are used as insulating wafers for various electronic applications. The demand for LEDs has been seeing good growth rate for past few years and in turn has also been promoting the growth of sapphire substrates market.
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.
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.
The report also provides breakdown and assessment of various factors impacting the global sapphire substrates market growth, which are suitably described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. Overall, taking into consideration the various factors affecting the sapphire substrates market, the report includes a holistic analysis of the global sapphire substrates market, and provides an estimate of growth for the forecast period 2016 to 2024.
Companies Mentioned in the Report
Some of the leading players in the market are Precision Micro-Optics, Inc. (U.S.), Hansol Technics, Co., Ltd. (South Korea), Semiconductor Wafer, Inc. (Taiwan), Rubicon Technology, Inc. (U.S.), Meller Optics, Inc. (U.S.), KYOCERA Corporation (Japan), Saint-Gobain Group (France), Crystal Applied Technology, Inc. (Taiwan), Crystalwise Technology Inc. (Taiwan), and Monocrystal Inc. (Russia) among others.
The market has been segmented as follows:
Sapphire substrates Market - By Wafer Diameter:
- 2 Inches
- 4 Inches
- 6 Inches
- Others (1 inch, 3 inches, 5 inches, 8 inches etc.)?
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.)
Sapphire substrates Market - By Geography:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific (APAC)
- Rest of the World
- South America
- Middle-East & Africa