Sapphire Compound Substrate Market Analysis by Top Key Players Rubicon Technology, Inc., Meller Optics, Inc., Kyocera Corporation, Crystalwise Technology Inc., Compagnie de Saint-Gobain S.A

Report published by Coherent Market Insights on Sapphire Compound Substrate Market According to that Report this Market Shows Exponential Growth in Future

Download PDF Brochure of this Report @ https://www.coherentmarketinsights.com/insight/request-pdf/2204

Sapphire substrates offer resistance to thermal shock, high temperature, sand and water erosion, excellent electrical insulation, and small dielectric loss. They are most suitable for epitaxial growth of compound semiconductors and superconductor, dielectrics, and others.

Drivers and Restraints

Increasing demand for sapphire compound substrate in LED and mobile device application is expected to fuel growth of the sapphire compound substrate market. According to Coherent Market Insights’ analysis, the global LED lighting market is projected to reach over US$ 120 billion by 2025, exhibiting a CAGR of 16.61% over the forecast period.

Furthermore, according to the Internet World Stats, in China, number of internet users in 2015 was 705.9 million and it increased to 721.4 million in 2016.

Market Trends

Among application, the LED sapphire substrate segment is expected to witness significant growth in the global sapphire compound substrate market and is expected to retain dominant position over the forecast period. Key market players are focused on expanding their LED sapphire substrate capacities, owing to increasing demand for LED tubes and bulbs. For instance, in August 2017, Lanjing Technology, a China-based LED chip supplier, signed an agreement with People’s Government of Hongta District, to ramp up the capacity for LED sapphire substrate manufacturing.

Market Outlook

The market in Asia Pacific is expected to witness significant growth in terms of value and is expected to retain dominant position over the forecast period, owing to growing electronics market in emerging economies such as India and China. According to India Brand Equity Foundation (IBEF), the electronics market is anticipated to increase with a CAGR of 24.4% to US$ 400 billion by 2020.

Key Trends

Key players are focused on adopting various inorganic growth strategies such as mergers and acquisitions, joint ventures, partnerships, marketing, and new product launches to strengthen their foothold in the global sapphire compound substrate market. For instance, in April 2012, LED sapphire substrate unit of Sino-American Silicon Products Inc. (SAS), merged with Crystalwide Technology Inc., to improve operating performance and to enhance overall competitiveness.

Market Players

Key players operating in the global sapphire compound substrate market include, Rubicon Technology, Inc., Meller Optics, Inc., Kyocera Corporation, Crystalwise Technology Inc., Compagnie de Saint-Gobain S.A., and Monocrystal PLC

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.