Sapphire Technology Market Estimated to Reach $3.01 Billion by 2020 – New Report by MarketsandMarkets
(PRWEB) July 25, 2014 -- According to the new report "Sapphire Technology Market by Growth Technologies, Substrate Wafer, Devices, Applications, and Geography - Analysis & Forecast to 2013 - 2020", the global sapphire market by substrate is expected to reach $3.01 Billion by 2020 at a CAGR of 12.31%, whereas the Global Sapphire Technology Market for devices is expected to reach $6.17 billion by 2020 at a CAGR of 12.24% that includes an in-depth analysis of application and geography.
Browse more than 65 market data tables with 70 figures spread through 236 pages and in-depth TOC on "Sapphire Technology Market - Analysis & Forecast to 2013 - 2020"
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The Sapphire Technology Market by Growth Technologies entails a great potential across many industry verticals. The sapphire material is gaining attention due to effective cost matrix and leads to a longer life cycle with greater reliability. The highlighting features of sapphire material are high efficiency, better thermal and electric properties, and longer life that is best suited for power electronics devices, display cover for consumer electronics, and LED industry. Sapphire Technology Market is the one that will be the captivating essentials for new entrants as well as winning opportunities for the established players.
The Global Sapphire market in Semiconductors has created a new revenue stream in the electronics industry, having APAC as the crown holder of sapphire ecosystem. The major reason behind the boom is the effective cost structure of the material that has grabbed the attention of electronic product and device manufacturers. With the innovation of Silicon on Sapphire Substrate (SOS), the growth of the LED industry has reached its peak. LED industry has the major share in the sapphire ecosystem and new developments have unlocked the doors for the new entrants.
This report describes the market trends, drivers, and challenges with respect to the Sapphire Technology Market and forecasts the market to 2020. This global report gives a detailed view of the market across geographies - Americas (North America and South America), Europe (U.K., Germany, and others), the Asia-Pacific (China, Japan, Korea, Taiwan, and others), and ROW (Middle East and others). Asia-Pacific is the largest geography in terms of the Sapphire Technology Market value. Americas has been identified as the fastest growing region, with U.S leading the way. Europe also has a very promising market with Germany and the U.K. while the ROW also impetus to the growth. The report profiles more than 10 promising players in the Sapphire Technology Market ecosystem.
The major drift in the sapphire industry took place when Apple Inc. (U.S.) signed a contract with GT Advanced Technologies (U.S.) worth 578 Million USD, where it was decided that GT Advanced Technologies (U.S.) would manufacture sapphire display cover and camera lens cover for Apple’s products. GT Advanced Technologies (U.S.) serves the Global Sapphire market in Semiconductors with its innovative products and developments. The company has its major focus on the U.S. market and is trying to expand with a fierce competition from its peers such as Rubicon Technology (U.S.), Insaco Inc. (U.S.), and so on. Moreover, sapphire, specifically synthetic sapphire, has several exceptional properties that make it of interest to Apple. The attraction towards sapphire was due to many reasons such as,sapphire is superior to glass, even competing glass material, in several ways. Synthetic sapphire has no color, as it’s a single crystal grown to be optically transparent, making it look very similar to glass. But it’s also extremely hard as it has a nine on the Mohs scale,which means better scratch resistance. With GTAT’s new technology, it was possible to produce lighter, stronger, and optically transparent glass ideally fulfilling Apple’s requirements for its new products.
The countries in the Asia-Pacific region are considered to be the hub of electronics and semiconductors market that are driving the growth of sapphire. Sapphire used in power applications such as Radio Frequency Integrated Circuit (RFIC) and the (MMIC) are on the verge of being targeted by new entrants in this sector. The innovation took place when it was possible to make display cover and camera lens covers of smart phones. One of the premium examples is when Apple Inc. (U.S.) signed a contract with GT Advanced Technologies (U.S.) worth 578 Million USD at Arizona (U.S.), in which GT Advanced Technologies (U.S.) is manufacturing sapphire based display covers for Apple’s new products. This attracted a number of OEMs to diversify in this particular segment.
Aerospace and Defense Industry is the next approaching vertical where sapphire is generally used in the transparent armors and windows for military vehicles. The exceptional properties of sapphire as well as the transparent nature of this material have made it possible to use it in aircrafts and other military vehicle. The APAC countries are in the pre-mature level of sapphire industry whereas the American nations are following the league at the second position. The European market is also expected to grow by 2020. The big fishes such as Kyocera Corp. (Japan), DK Aztec CO., Ltd (Korea), Namiki Precision Jewel Co., Ltd (Japan), Tera Xtal Corp (Taiwan), Sapphire Technology Co., Ltd (Korea), LG Siltron (Korea), Acme Electronics Corp (Taiwan), and so on, have induced a mammoth potential in the APAC region for the overall capacity of the sapphire business.
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a large scale collaboration and partnership across the value chain with number of tier-one players around the globe.
Major players in this Sapphire Technology Market include: GT Advanced Technology (U.S.), Rubicon Technology (U.S.), Namiki Precision Jewel Co. Ltd (Japan), Monocrystal Inc. (Russia), DK Aztec Co. Ltd (Korea), and so on.
For more details: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=391455.
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