Sapphire Substrates Market is Estimated to Register a Strong CAGR of 4.1% from 2016 to 2024
The global market for sapphire substrates exhibits a largely
fragmented and an intensely competitive vendor landscape, observes
Transparency Market Research (TMR) in a recent report. The leading five
companies collectively accounted for a nearly 30% of the market in 2015,
while small- and medium-sized players held nearly 65% of the global
market in the said year. Leading vendors in the market are focusing on
collaborations to ease the level of competitive rivalry and expand their
product portfolios and consumer bases. Geographical expansion and
exploiting emerging regional markets are also increasingly being sought
out as ways of achieving better growth opportunities in the market.
TMR analysts suggest that the global sapphire substrates market will exhibit a healthy 4.10% CAGR over the period between 2016 and 2024. Considering the numbers hold true, the market is expected to rise from a valuation of US$0.4 bn in 2015 to US$0.6 bn by 2024.
Interpret a Competitive outlook Analysis Report with PDF Brochure: View exclusive Global strategic Business report:https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15590
Market in Asia Pacific to Outpace other Crucial Regional Market
Of the key areas of application for the global sapphire substrates market, including radio frequency integrated circuits, light emitting diodes, and laser diodes, the report states that the LED segment was attributable for a large share of the overall consumption in 2015. The segment is also expected to continue to hold prominence over the report’s forecast period.
Geographically, the market in Asia Pacific is presently the leading contributor of revenue to the global sapphire substrates market. The regional market accounted for a massive 60% of the overall market and is expected to continue to have a stronghold on the global market over the report’s forecast period. Factors such as the presence of a large number of LED manufacturers, a well-established consumer electronics industry, and the presence of several semiconductor manufacturing facilities could bode well for the development of the region’s sapphire substrates market over the report’s forecast period.
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/sapphire-substrates-market.html
Massive Expansion of Global Electronics Industry to Help Market Gain Pace over Forecast Period
TMR analysts expect the advent and increased adoption of the silicon-on-sapphire (SoS) technology to act as a key growth driver for the global sapphire substrates market in the next few years. Vast advantages of sapphire in terms of insulating capacity as compared to other materials have been the key factors encouraging the increased uptake of SoS technology across a number of applications. The vast rise in demand for LED products across a vast number of application areas could also act as a promising growth driver for the market.
Moreover, the glorious expansion of the electronics sector in the past few decades has had a positive impact on the development of a number of associated technologies, including the silicon-on-sapphire technology. The increased uptake of sapphire substrate in a vast varieties of electronic products has in the past and will continue in the future to be a major thrust for the for the global sapphire substrate market.
On the flip side, however, the market has suffered a great deal from the oversupply of sapphire ingots in the recent past. The vast potential showcased by sapphire attracted a large number of companies in the global market and led to plummeting costs and reduced profitability for leading players. Moreover, the increased popularity of GaN-on-Si-based LED products is also hampering the growth prospects of the global market.
This review of the global sapphire substrates market is based on a recent market research report published by Transparency Market Research, titled “Sapphire Substrates Market (Wafer Diameter - 2 inches, 4 inches, and 6 inches; Application - Light Emitting Diode (LED), Radio Frequency Integrated Circuits (RFICs), and Laser Diodes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Request a Sample for extensive research insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15590
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
ContactMr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: dm@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/
TMR analysts suggest that the global sapphire substrates market will exhibit a healthy 4.10% CAGR over the period between 2016 and 2024. Considering the numbers hold true, the market is expected to rise from a valuation of US$0.4 bn in 2015 to US$0.6 bn by 2024.
Interpret a Competitive outlook Analysis Report with PDF Brochure: View exclusive Global strategic Business report:https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15590
Of the key areas of application for the global sapphire substrates market, including radio frequency integrated circuits, light emitting diodes, and laser diodes, the report states that the LED segment was attributable for a large share of the overall consumption in 2015. The segment is also expected to continue to hold prominence over the report’s forecast period.
Geographically, the market in Asia Pacific is presently the leading contributor of revenue to the global sapphire substrates market. The regional market accounted for a massive 60% of the overall market and is expected to continue to have a stronghold on the global market over the report’s forecast period. Factors such as the presence of a large number of LED manufacturers, a well-established consumer electronics industry, and the presence of several semiconductor manufacturing facilities could bode well for the development of the region’s sapphire substrates market over the report’s forecast period.
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/sapphire-substrates-market.html
Massive Expansion of Global Electronics Industry to Help Market Gain Pace over Forecast Period
TMR analysts expect the advent and increased adoption of the silicon-on-sapphire (SoS) technology to act as a key growth driver for the global sapphire substrates market in the next few years. Vast advantages of sapphire in terms of insulating capacity as compared to other materials have been the key factors encouraging the increased uptake of SoS technology across a number of applications. The vast rise in demand for LED products across a vast number of application areas could also act as a promising growth driver for the market.
Moreover, the glorious expansion of the electronics sector in the past few decades has had a positive impact on the development of a number of associated technologies, including the silicon-on-sapphire technology. The increased uptake of sapphire substrate in a vast varieties of electronic products has in the past and will continue in the future to be a major thrust for the for the global sapphire substrate market.
On the flip side, however, the market has suffered a great deal from the oversupply of sapphire ingots in the recent past. The vast potential showcased by sapphire attracted a large number of companies in the global market and led to plummeting costs and reduced profitability for leading players. Moreover, the increased popularity of GaN-on-Si-based LED products is also hampering the growth prospects of the global market.
This review of the global sapphire substrates market is based on a recent market research report published by Transparency Market Research, titled “Sapphire Substrates Market (Wafer Diameter - 2 inches, 4 inches, and 6 inches; Application - Light Emitting Diode (LED), Radio Frequency Integrated Circuits (RFICs), and Laser Diodes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Request a Sample for extensive research insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15590
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
ContactMr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: dm@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/
Comments
Post a Comment