About Sapphire Wafer
Silicon wafer as a substrate plays an ever-increasingly important role as a material for high-reliability electronics today due to its excellent mechanical characteristics, chemical stability and light transmission. High-brightness light-emitting diodes (HB-LEDs) are often fabricated on sapphire wafers since it greatly improves the light extraction efficiency of finished devices. A shift towards LED light technologies and boom in the electronics industry are the key drivers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Taiwanese Players will contribute the maximum growth to Global Sapphire Wafer market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
KYOCERA Corporation (Japan), Rubicon Technology Inc. (United States), Adamant Namiki Precision Jewel Co., Ltd. (Japan), Semiconductor Wafer Inc. (Taiwan), Guizhou Haotian Optoelectronics Technology Co., Ltd (China), Precision Micro-Optics Inc. (United States), Crystal Applied Technology Inc. (Taiwan), Crystalwise Technology Inc. (CWT) (Taiwan), Hansol Technics (South Korea) and Monocrystal (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rigidtech Microelectronics (Taiwan), Meller Optics Inc. (United States) and Valley Design Corp. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sapphire Wafer market by Type (Single Crystal and Patterned {Flat Top, Cone, Dome}), Application (Optoelectronics and Microelectronics) and Region.
On the basis of geography, the market of Sapphire Wafer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Growing Techniques, the sub-segment i.e. Kyropoulos will boost the Sapphire Wafer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size Range, the sub-segment i.e. 2 inch will boost the Sapphire Wafer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Orientation, the sub-segment i.e. R-plane will boost the Sapphire Wafer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Substantial Rise in Demand for Consumer Electronics
Challenges:
Complex Fabrication Process
Opportunities:
High Adoption Rate of LED Technologies in Various Nations
Market Leaders and their expansionary development strategies
In February 2023, Kyocera, a leading sapphire wafer manufacturer, partnered with GT Advanced Technologies, a provider of crystal growth equipment, to jointly develop and commercialize next-generation sapphire wafers for LED applications.
In May 2023, Polymatech Electronics has introduced a complete range of high-quality sapphire substrates which includes two, three, and four-inch diameter sapphire wafers in the market. The Made in India wafers are being produced in the Oragadam facility in Tamil Nadu to ensure lower costs and stability.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.