San Francisco, California, June 12, 2017: Applications across various sectors including aerospace, defense, and power and cost effectiveness are two of the prominent factors that are augmenting the demand in the global sapphire technology market, according to the findings of a recent study by TMR Research. The report, titled “Sapphire Technology Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” also attributes longer lifecycle and extended thermal life of sapphire for its growing usage in the electronic devices, which will further increment the demand during the forecast period of 2017 to 2025.
The report has been prepared to serve as a reliable business document for the stakeholders of this market, offering them comprehensive analysis of all major factors that may impact the demand in the near future. While segmenting the market on the basis of application and region, the report also detects the leading vendors of the sapphire technology market and overviews them for their potential.
As per the findings of the report, cost effectiveness of sapphire makes them highly useful for the semiconductors industry, which has vast potential in the power sector, growing market for LED applications, the presence of several established players in various segments, and increasing support from ecosystems of other materials are some of the other factors driving the global sapphire technology market. On the other hand, flooding of new players due to the attractiveness of the market, competition from high-end materials such as GAN, SI, and SIC, and the need for production process enhancement are some of the challenges faced by the global sapphire technology market.
Based on sapphire substrate type, the report segments the global sapphire technology market into wafer size and plane orientation. Orientation-wise, the market can be segmented into A-plane, M-plane, C-plane, and R-plane. On the basis of devices, the market for sapphire technology can be categorized into power IC market, power semiconductor market, and Opto-semiconductor market. Application-wise, the market can be bifurcated into consumer electronics, ICT applications, power sector, defense, and aerospace. Geographically, the report takes stock of all the important regions for the sapphire technology market, such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Kyocera Corporation, Fraunhofer-Gesellschaft, Namiki Precision Jewel Co., Ltd, ACME Electronics Corporation, Monocrystal Inc., Sapphire Technology Co., Ltd., Rubicon Technology Inc., GT Advanced Technologies Inc., DK Aztec Co., Ltd., Sumitomo Chemical Co., Ltd., and Tera Xtal Technology Corporation are a few prominent companies currently operating in the global sapphire technology market. In the near future, these players are expected to focus primarily on product innovation in order to keep up with the advancements in LED technology.