The Infinium Global Research analyzes the Sapphire Technology Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global sapphire technology market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sapphire technology. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sapphire technology market during the period. The global sapphire technology market is projected to grow at a CAGR of 11.5% over the forecast period of 2020-2026.
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The aluminum oxide in its pure form having no porosity and being opaque in nature is nothing but sapphire. It is widely used as an electronic substrate because of high purity and low dislocation hence being a supreme material. Moreover, in high frequency and high power CMOS integrated circuits, thin sapphire wafers are utilized as an insulating substrate. These chips are utilized in high power radio frequency applications, for example, cellular telephones, satellite communication systems, and others; these chips are known as sapphire on silicon chips. Further, both digital and analog circuitry integration exists in these chips.
In addition, the effects of the COVID-19 outburst are having a negative impact on the technology sector, alarming the electronics value chain, disturbing raw materials supply, and causing an inflationary risk on products. More certainly, the interruption has caused a stepping up of remote working, and a rapid focus on assessing and de-risking the end-to-end value chain. The novel coronavirus damaged the electronic sector starting from the Chinese market. Moreover, some economies across the globe initiated to put cities under lockdown, prohibited some stores to open and adjourned work resumption schedules that, in turn, negatively impacting on the sapphire technology.
Rising Adoption of New Technology in Semiconductor Industry Boost the Market Growth
The improved manufacturing processes resulting in the usage of silicon on sapphire for wafer processing are further projected to propel the demand for sapphire technology. Moreover, the manufacturers are also keen on evolving solutions using sapphire technology, which would result in less operational costs and maximize profits. This is owing to the advantages of the insulating substrate, which involves low power consumption, low parasitic capacitance resulting in augmented speed, and improved isolation, and high linearity as compared to bulk silicon.
In addition, there are low entry barriers for vendors to invest in the sapphire technology market resulting is a high degree of competition. Further, factors such as high cost-effectiveness as compared to other substrate materials and augmented demand for LED technologies are anticipated to boost the demand for sapphire technology in the near future. Due to these advantages, sapphire has developed as a versatile material that is utilized especially in the semiconductor industry, which is characterized by the requirement for cost-effective, time-saving, and effective operational solutions. However, the lack of skilled personnel is expected to restrain the market growth.
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Asia Pacific to be the Dominant Region in the Sapphire Technology Market
Geographically, Asia Pacific generated the largest revenue in the sapphire technology market in 2019 and is expected to continue its dominance over the forecast years. The presence of numerous LED manufacturers in this region has also significantly promoted the growth of sapphire technology market in the Asia Pacific region. Furthermore, the lower labour cost across the region will offer significant growth potential for the sapphire technology market.
Moreover, the North American region is anticipated to hold a significant share in the sapphire technology market during the forecast period. The market is expected to grow at a medium pace in the region and is mainly driven by the application of high-quality sapphire substrates in RFICs and laser diodes among others.
Fraunhofer-Gesellschaft, ACME Electronics Corporation, and Kyocera Corporation to Emerge as Top Vendors of the Global Sapphire Technology Market
The sapphire technology market is intensely fragmented and characterized by the presence of a large number of established manufacturers and numerous small and medium-sized enterprises. The sapphire technology market is extremely competitive where the global players dominate it. As the key vendors continue to extend their footprint across the world, regional vendors face a severe threat from them in terms of quality, performance, and price.
The major players Fraunhofer-Gesellschaft, ACME Electronics Corporation, Kyocera Corporation, Monocrystal Inc., Rubicon Technology Inc., DK Aztec Co., Ltd., GT Advanced Technologies Inc., and several others are continuously focusing on improving R&D and facilitate other organic strategies to gain a competitive edge in the market. Furthermore, the competition in this market is anticipated to intensify in the coming years with the upsurge in the utilization of sapphire substrates owing to increasing government initiatives and funding to promote LED adoption in numerous countries across the world.
Infinium Global Research’s recent report on the global sapphire technology market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the sapphire technology market and also estimates the impact of recent developments the global market.
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