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.
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.
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 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.
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
Sapphire Compound Substrate Market Taxonomy
On the basis of application, the sapphire compound substrate market is segmented into:
- Light-emitting diode (LED)
- Laser Diodes
- Infrared (IR)
- Silicon on Sapphire Integrated Circuit (SOS)
- Radio Frequency Integrated Circuit (RFIC)
- Others (Window Films and others)
On the basis of region, the sapphire compound substrate market is segmented into:
- North America
- South America
- Rest of South America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East