Sapphire Substrate Market to Garner US$ 884.26 million, Globally, by 2028 at 5.6% CAGR: The Insight Partners

According to our latest market study on "Sapphire Substrate Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Wafer Diameter and Application," the market is expected to grow from US$ 638.83 million in 2022 to US$ 884.26 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
In the sapphire substrate market, Sapphire substrates are prepared by sapphire with a unique combination of optical, chemical, and physical properties. It is highly resistive against high temperatures, thermal shocks, water, and sand erosion. The sapphire substrate has a very good thermal conductivity at low temperatures. It is suitable for use in place of glass substrates when the optical transmission is necessary for the ultraviolet range above 200 nm or infrared below 5µm.

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Market Insights - Sapphire Substrate Market
The sapphire substrate market was dominated by APAC, followed by North America, Europe, Middle East & Africa, and South & Central America. The "Big Four" semiconductor areas-South Korea, Japan, China, and Taiwan-have played a key role in the semiconductor industry's upstream, midstream, and downstream growth, even globally. To compete and flourish in such a highly competitive environment, Asia Pacific nations will accelerate the speed of R&D and innovation in the semiconductor business as demand for semiconductors grows and diversity standards rise. As a result, Asia Pacific will become the global semiconductor industry's backbone. For instance, in August 2020, Monocrystal-a key player in synthetic sapphire growing and processing-started a project aiming to manufacture extra-large diameter sapphire wafers for disruptive light-emitting diode (LED) applications. The Intergovernmental Russian Chinese Commission has approved it on Investment Cooperation. These factors will promote tremendous growth in the region and make Asia Pacific a major region for the sapphire substrate market size during the forecast period.

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The sapphire substrate market is segmented on the basis of wafer diameter, application, and geography. Based on wafer diameter, the market is segmented into 2 inches, 4 inches, 6 inches, and others. By application, the market is segmented into LED, RFIC application, laser diode, silicon on sapphire (SOS) IC, and others. Based on geography, the sapphire substrate market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Saint-Gobain Group; KYOCERA Corporation; Semiconductor Wafer, Inc.; Precision Micro-Optics, Inc.; and Crystalwise Technology, Inc. are a few key sapphire substrate market players. In addition, several other important sapphire substrate market players were studied and analyzed during the course of this study to get a holistic view of the sapphire substrate market growth and its ecosystem.

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Contact info
Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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