Sapphire Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Sapphire Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Technology & Media

Report Digest


Global Sapphire Technology Market: Snapshot

Sapphires are a type of gemstone formed based off a specific type of aluminum oxide. While they are typically blue in color, there are certain sapphires that can be found in other colors, such as orange or green, while some sapphires may even show two or more colors. There is a wide range of non-ornamental applications for sapphires and sapphire technology. Some of the key uses of sapphire technologies lie in optical and infrared parts, thin electronic wafers, movement bearings and crystals in wristwatches, and insulating substrates. Being one of the two corundrum gem families, sapphires are naturally found in their deposits in Madagascar, East Africa, and North America.

Some of the more common applications of sapphires include their uses in the production of shatter resistant windows and windshields in specialized armored vehicles as well as in military body suits. Sapphire crystals are also used in output windows for Cermax, a type of xenon arc lamps, as it can help tolerate high thermal loads. Sapphire glass provides several key benefits such as being highly resistant to scratches, abrasions, and is vastly stronger than standard optical materials. Sapphire can also be used as a substrate for semiconducting circuits, where thin sapphire wafers are used as insulation to create ICs that are commonly known as SOS. One of the niche uses of sapphire technologies involves monocrystalline sapphire in hip joint endoprosthesis, due to their superbly low wear when combined with certain metals.

Global Sapphire Technology Market: Overview

Due to their unique and exceptional properties, sapphires have emerged as appropriate materials used across varied applications. Sapphire materials offer high reliability, cost effectiveness, and longer lifecycle. Because they are very high in efficiency, offer a gamut of electric properties, and have better and longer thermal life than other materials, sapphires are also used in electronic devices, display covers, and LED. Thus with the expansion of the consumer electronics industry, the demand for sapphire technology is expected to pace higher.

The report provides a comprehensive overview of the global sapphire technology market. It also includes information obtained via proven research methodologies and intended at providing key market insights.

Global Sapphire Technology Market: Trends and Opportunities

Due to the high cost effectiveness of sapphire compared to other materials, its application in the power semiconductors industry is increasing at a robust pace. This, coupled with the rising demand from other end-use sectors, is boosting the global sapphire technology market. Spurred by these factors, the overall market is forecast to exhibit a double-digit growth as per TMR. Besides these, the market is also expected to gain from the increasing application across power, aerospace, and defense industries. Moreover with improved manufacturing processes due to the use of sapphire for water processing is likely to fuel the demand for sapphire technology further in the coming years.

With an increasing number of manufacturers keen on developing solutions using sapphire technology, intended at minimizing operational cost and maximizing profit, in future the market is expected to witness accelerated pace of gains. Sapphires help in insulating substrate, which ensures lower power consumption thereby resulting in better isolation and increased speed. Furthermore, the market also has low entry barriers. This however could result into high degree of competition thereby creating hindrances for the global sapphire technology market.

Global Sapphire Technology Market: Regional Outlook and Key Segments

Regionally, the global sapphire technology market can be segmented into Asia Pacific, North America, Europe, and Rest of the World. Among these regions, the market is witnessing highly attractive opportunities in Asia Pacific due to the increasing demand from countries such as Taiwan, China, South Korea, Japan, and others.

By application, the market witnesses increasing demand from consumer appliances, LED displays, and defense and aerospace industries. Based on technology, the market covers the diverse techniques of producing sapphires of different shapes and sizes. Some of the widely used sapphire technologies are HEM, EFG, KY, and CZ.

Global Sapphire Technology Market: Vendor Landscape

Some of the leading players operating in the global sapphire technology market are Namiki Precision Jewel Co. Ltd., Monocrystal Inc., GT Advanced Technology, DK Aztec Co. Ltd., Sapphire Technology Co. Ltd., Rubicon Technology, and ACME Electronics Corporation.

The report includes profiles of some of the leading companies operating in the global sapphire technology. It studies the impact of SWOT analysis, to identify the strengths and weaknesses of the companies profiled. The analysis also presents a detailed assessment of the threats and opportunities that these companies may face in the near future. 

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?