Report Code: A09646 | Pages: NA | Mar 2023 | 2090 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sapphire Market
Request Now !Sapphire is chemically resistant and has a high melting point of 20400C whose chemical composition is Al2O3. It is an anisotropic material and an insulator, which is optically transparent having an energy gap of 9.2eV. Its hardness of 9 on Mhos scale is almost as hard as diamond. So, there are various advantages of using sapphire such as hardness, optically transparency, strongness and chemically inertness. Thus, they find their applications in power IC, power semiconductors, opto-semiconductors, RF applications and Others in industries such as aerospace, defense, consumer electronics, and power. Innovations in the semiconductor industry will pave the way for better sapphire technologies.
The global sapphiremarketis segmented on the basis of product type, application, and end user. Based on product type, the sapphiremarketis divided into 30 kg, 60 kg, 85 kg, 120 kg, and others. On the basis of application, the market is categorized into high brightness led manufacture, special industrial, and others. On the basis end user into aerospace, medical, defense, consumer electronics, power, and others of geographically, the market is analyzed across several regions such as north america, europe, asia-pacific, and latinamerica, middle east &africa (lamea).
Key players operating in the global market include Rubicon technology, GT Advanced technology, Monocrystal Inc., Namiki Precision Jewel Co. Ltd, TeraXtal, DK aztec, Sense Tech Innovation Company, KYOCERA Corporation, Saint-Gobain Group, Rayotek Scientific Inc., and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
COVID-19 scenarioAnalysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The major driving factors for the growth of the sapphire Industry are their increased usage in the industries such as IT and communications, power, aerospace and defense. It is on the verge of becoming a successful material in semiconductors because of its exceptional properties. However, availability of cheaper substitutes like glass and others hinder their market growth. Moreover, the increased usage of sapphire in the RF applications and power electronics is expected to drive the sapphire market further.
New product launches to flourish the market
Sapphire touch was launched by DHI Telecom in 2018. It is a touch screen that monitors the data level and works as a USB power bank which has 15 hours of battery life. It comes in white or black with gold band. Also, prior to this Sapphire International Mobile Hotspot was launched that flourished the market. The hotspots came with free 500 MBof international data. These devices were developed particularly for military purpose and were sold in various military bases. Thus, products flourished the sapphire market.
Surge in usage in medical industry
Sapphire is used in various optical applications in the medical industry. It is tapped for its optically clear hermetic properties and strength. Co2 laser surgery equipment and tomography are the applications which include sapphire. The other applications are it helps in producing optical probes, scalpels and orthopedic implants. Due to its mechanical strength, sapphire can withstand chemicals like chlorine fluorine and others and also blood. Thus, due to its various advantages such as hardness, optical transparency, strongness and chemical inertness, this flourished the market.
Key segments covered:
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Key benefits of the report:
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Product type, Application, End User, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa) |
Companies covered | Rubicon technology, GT Advanced technology, Monocrystal Inc., Namiki Precision Jewel Co. Ltd, TeraXtal, DK aztec, Sense Tech Innovation Company, KYOCERA Corporation, Saint-Gobain Group, Rayotek Scientific Inc., and others. |
Questions answered in thesapphiremarket research report:
Sapphire Market Report Highlights
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Key Market Players | Rubicon Technology Inc., KYOCERA Corporation, Saint-Gobain, SCHOTT AG, Monocrystal, Rayotek Scientific Inc ., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO., Ltd, Namiki Precision Jewel Co., Ltd., Juropol Sp. z o.o. |
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