Sapphire Substrate Market is expected to reach US$ 884.26 Million by 2028

According to our latest market study on “Sapphire Substrate Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Wafer Diameter and Application,” the market is expected to grow from US$ 638.83 million in 2022 to US$ 884.26 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

In the sapphire substrate market, Sapphire substrates are prepared by sapphire with a unique combination of optical, chemical, and physical properties. It is highly resistive against high temperatures, thermal shocks, water, and sand erosion. The sapphire substrate has a very good thermal conductivity at low temperatures. It is suitable for use in place of glass substrates when the optical transmission is necessary for the ultraviolet range above 200 nm or infrared below 5µm.

The discovery of allotropes, such as graphene, has led to a considerable rise in research and development activities around the world, wherein scientists emphasize the discovery of new two-dimensional (2D) materials. The quest to discover new materials largely depended on laboratory activities and was primarily met by several challenges, including the development of a scalable volume of high-quality crystalline 2D materials. The increasing adoption of a sapphire substrate in a crystal and the rising demand for LEDs, laser diodes, and other RFIC applications are expected to drive the global sapphire substrate market during the forecast period. Research and development activities are also expected to surge in the market in the coming years due to widening applications of the same. In addition, advancements in modern engineering coupled with technological developments are projected to remain the key driver for sapphire substrate market growth in the future.

Major stakeholders in the sapphire substrate market are component and raw material providers, sapphire substrate manufacturers, system integrators, and end users. It also includes industry associations and regulatory bodies, which help regulate the adoption of sapphire wafers in various end-use cases. Components include various types of allotropes, such as graphene. Increased wafer demand is creating tensions in the raw material trade of the sapphire substrate market. The alumina specific density, form factors (pellets, microbeads, or crackles), and high purity required for sapphire crystal growth is offered by a few companies. Raw material prices are increasing, and some sapphire substrate market manufacturers are paying cash in advance to secure raw material capacity.

Impact of COVID-19 Pandemic on Sapphire Substrate Market Size

The sapphire substrate market players were experiencing significant demand from the end users until the COVID-19 outbreak. Owing to the outbreak, governments across the world imposed various containment measures, including complete or partial lockdown and restrictions on business operations. Further, as major industries witnessed a decline in revenue, the adoption of the sapphire substrate was reduced. Meanwhile, as economies reopened and containment measures were relaxed, the real-time market started to witness growth in 2021.

The COVID-19 pandemic has severely affected North American countries, especially the US. As the US is home to many manufacturing and technological organizations, the pandemic and the restriction to control the spread of novel coronavirus have had a negative impact on the electronics & semiconductor market by delaying production, as many manufacturing plants have been shut down. The delays caused in the designing and launching of the new products is expected to hinder the growth of the sapphire substrate market size in the coming years. The disruptions in trades, supply chains, and logistics impede the market growth in the US. The automotive & transportation industry is expected to lose billions of dollars due to a shortage of semiconductor wafers used in new vehicles.

Social distancing and work-from-home scenarios spurred the sales of consumer electronic devices, including laptops, home-networking gear, webcams, and monitors. Sales of home entertainment systems and other appliances also increased. Customized wafers are used in all these devices. Therefore, to cater to the high demands for consumer electronics devices, the sapphire substrate market companies in North America are significantly improving their production technology. Intel Corp., a computer processors chip maker in the US, reported a significant decline in sales due to production delays. The US government has ordered economic and national security experts to look for gaps in the semiconductor supply chain and reduce the reliance on other countries to manufacture semiconductors.

The sapphire substrate market is segmented on the basis of wafer diameter, application, and geography. Based on wafer diameter, the market is segmented into 2 inches, 4 inches, 6 inches, and others. By application, the market is segmented into LED, RFIC application, laser diode, silicon on sapphire (SOS) IC, and others. Based on geography, the sapphire substrate market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

Saint-Gobain Group; KYOCERA Corporation; Semiconductor Wafer, Inc.; Precision Micro-Optics, Inc.; and Crystalwise Technology, Inc. are a few key sapphire substrate market players. In addition, several other important sapphire substrate market players were studied and analyzed during the course of this study to get a holistic view of the sapphire substrate market growth and its ecosystem.

Sapphire Substrate Market Share – by Region, 2021

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Sapphire Substrate Market Size, Share and Growth by 2028

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Sapphire Substrate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wafer Diameter (2 Inches, 4 Inches, 6 Inches, and Others) and Application [LED, RFIC Application, Laser Diode, and Silicon on Sapphire (SOS) IC, and Others]