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Allied Market Research

Sapphire Glass Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A08219
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Jun 2021 | 180 Views
 
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Sapphire Glass Market Analysis 2020-2027:

Sapphire glass is an application of synthetic sapphire produced by subjecting aluminum oxide powder under extreme heat and pressure. The resulting output is a transparent material that is more durable than standard glass. Sapphire glass is next to diamond in terms of hardness, and is scratch resistant. The commercial use of sapphire glass is majorly in the making of watch & smartphone displays; production of mechanical, medical, and optical equipment; and ballistic material in safety establishments and as a bulletproof glass.

Sapphire glass is widely used in semiconductors, LED manufacturing, industrial applications, and consumer electronics.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Swiss Jewel Company, GT Advanced Technologies, Precision Sapphire Technologies, Ltd., STC, Namiki Precision Jewel Co. Ltd., DK AZTEC Co., Ltd., Tera Xtal Technology Corporation, KYOCERA Corporation, Rayotek Scientific Inc., Rubicon Technology Inc., Saint-Gobain, Crystran Ltd., Crystalwise Technology Inc., and Crystaland Co. Ltd.

 

COVID-19 impact analysis

Sapphire glass is used in manufacturing of watch, smartphone displays, and in production of mechanical as well as medical equipment. Owing to the outbreak of COVID-19, the demand for medical equipment has increased, which has directly increased the demand for sapphire glass. However, simultaneously, the demand for smartphones and watches has declined in response to the nationwide lockdown, thereby resulting nonoperation of almost all electronics markets. This has declined the demand for sapphire to some extent.

Top impacting factors: trends, drivers, and impact analysis

Use of sapphire in a wide range of applications such as medical, safety equipment, aerospace, and defense is increasing its popularity. Therefore, increase in popularity of the sapphire glass is the key factor expected to drive the growth of this market. Sapphire glass is used for various purposes in the defense industry from electro-optical windows to countermeasure systems. Strong presence of established defense industry in North America region where government is spending significantly for such products fuels the growth of North America sapphire glass market. 

In addition, increase in popularity of sapphire glass in electronics products is key factor contributing toward the growth of this market. Upsurge in penetration of smartphones and high-end consumer electronics devices is further propelling the usage of sapphire glass across the globe. However, high cost of production has emerged as the key growth barrier of this market, and is expected to challenge the market growth during the forecast period.  

Furthermore, sapphire glass is a hard material, which makes its recycling is a major challenge for market players. Moreover, requirement for high capital and technical knowledge for product development would be another factor restricting the growth of this market in the coming years.

 

Key segments covered

Segment

Subsegment

  Type

  • High-grade transparency sapphire glass
  • General transparency sapphire glass

  Application

  • Optical & mechanical instruments
  • Safety establishments
  • Medical devices
  • Smartphones
  • Watches
  • Others

  Industry Vertical

  • Aerospace & aviation
  • Healthcare equipment
  • Optoelectronics
  • Defense & security
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global sapphire glass market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sapphire glass market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sapphire glass market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global sapphire glass market research report:

  • Which are the leading players active in the global sapphire glass market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Supplies authentic information about market size, share, growth and forecasts


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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