Diamond Substrate Market to Reach Valuation of US$ 282.38 Bn by 2031

The diamond substrate market is projected to expand at a CAGR of 12.9% during the forecast period from 2021 to 2031. A number of favorable physical and optical properties of diamond fuels the growth of the diamond substrate market. Diamond offers exceptional thermal performance, which is a key requirement for most new-age electronic devices. Moreover, diamond delivers great system performance, stability, and device life for electronics.

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Diamond offers some additional advantages for electronic devices. Diamond has the potential to reduce the junction temperature of electronic devices by more than 30% as compared to alternate thermal management solutions such as aluminum nitride. This helps electronic devices to cool during usage to attain greater efficiency and better performance. Owing to this property, the demand for diamond substrate for power devices for applications in aerospace, defense, and telecommunications is rising significantly.

Led by the U.S. and Canada, North America is a key region in the diamond substrate market. Increasing adoption of diamond substrate in various end-use industries and rising R&D for applications of diamond create opportunities in the diamond substrate market in the region.

Asia Pacific diamond substrate market is anticipated to emerge as a key region expanding at a CAGR of 13% during the forecast period. This is mainly due to the rise in demand for diamond substrate for power electronics from the rapidly expanding electronics industry in the region.

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Diamond Substrate Market - Key Findings of Report

• Expanding applications of synthetic diamond in various end-use industries due to its unmatched physical, chemical, and mechanical properties such as high strength, thermal conductivity, high electrical resistivity, low thermal expansion, and resistance to chemical corrosion fuels the growth of the diamond substrate market
• Diamond delivers superior dielectric properties, which makes it excellent for use in electronic components
• Demand for diamond substrate is anticipated to elevate for optical applications such as optical communication, optics, optoelectronics, and laser systems. The wide optical transmission range of diamond substrate has enabled diamond windows to make entry into cutting-edge lithography systems for semiconductor manufacturing.
• Manufacture of synthetic diamond using chemical vapor deposition (CVD) and HPHT is increasingly gaining popularity in the optical industry. Synthetic diamond manufactured using CVD is an important component for the manufacture of infrared windows, cutting tools, X-ray windows, and machineries, among others, for its outstanding properties.
• Diamond exhibits unique mechanical, chemical, optical, and biological properties to find several medical applications
• Use of diamond as a thin film in optical applications due to its versatile properties stimulates the diamond substrate market. For instance, optical windows require high transparency for the wavelength range under consideration imparted from the intrinsic quality and roughness of diamond.
• Wear resistance and durability properties of nanocrystalline diamond film accounts for its increasing use in the manufacture of medical devices for therapeutic and diagnostic applications

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Diamond Substrate Market - Growth Drivers

• Increasing adoption of diamond substrate in various end-use industries such as power electronics, healthcare, defense & aerospace, and telecommunication is fueling the growth of the diamond substrate market
• Rare physical property of synthetic diamond to exhibit highest resistance to thermal shock and highest thermal conductivity accounts for ample demand in microelectronics

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Diamond Substrate Market - Key Players

Some of the key players operating in the diamond substrate market are;

• Blue Wave Semiconductor
• Applied Diamond Inc.
• Diamond Microwave Limited
• Electro Optical Components Inc.
• Ila Technologies Pte. Ltd
• New Diamond Technology LCC
• Sumitomo Electric Industries Ltd
• CIVIDEC
• Diamond SA
• Element Six
• Seki Diamond Systems
• WD Lab Grown Diamonds

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