The Sapphire Substrate market is projected to reach US$ 884. 26 million by 2028 from US$ 638. 83 million in 2022; it is expected to grow at a CAGR of 5. 6% from 2022 to 2028. The sapphire substrate market is majorly driven by the increasing usage in LEDs, laser diodes, and RFIC applications.
New York, July 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Sapphire Substrate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Wafer Diameter and Application" - https://www.reportlinker.com/p06295697/?utm_source=GNW LED accounting for ~90%, sapphire substrate is suitable for LED applications due to its high strength, high-temperature resistance, low dielectric loss, and good electrical insulation. It helps prevent LED lighting from stray currents, which are caused due to radiation from spreading to close circuit elements.The patterned sapphire substrate technology has become an effective way to improve the efficiency and reduce the cost of LEDs. Therefore, it is widely used in mid-power LEDs. Gavish, San’an Optoelectronics, Monocrystal, Silian, Crystalwise Technology, and Rubicon Technology are among the prominent producers of LED sapphire substrates.As sapphire substrates are a key component for LEDs, general lightings continue to require substrate materials in the LED market. Thus, the increasing demand for sapphire substrates in LED applications boosts the sapphire substrate market. The US, Canada, and Mexico are the prominent economies in North America.Developed countries in the region are known for adopting advanced technologies, high living standards, and well-developed infrastructure. High disposable incomes and technological advancements are propelling the growth of the consumer electronics industry. Thus, the flourishing electronics industry is contributing to the sapphire substrate market growth in North America. Elcon Precision LLC; AdValue Tech; S & D Materials, LLC; Rubicon Technology; Precision Micro-Optics Inc.; NOVA Electronic Materials, LLC; GAVISH; and SVM are among the key sapphire substrate market players in North America. A few manufacturers, including American Elements, offer single crystal sapphire wafers for the optoelectronics applications and provide customized products as per the requirement. These companies are working proficiently to keep up with the growing competition by implementing profitable strategies and better customer satisfaction. Therefore, such players catering to diversified industries are boosting the sapphire substrate market growth in the region. Semiconductor giants are planning to expand their product portfolio and enter the market due to the growing demand for sapphire substrates. The US is one of the most technologically advanced countries.Growing consumer electronic, electronics & semiconductors, and aerospace sectors in the US positively impact the growth of the sapphire substrates market. Canada is one of the fastest-growing countries in North America regarding technology.Canada is one of the largest in terms of economy and medical device market. Moreover, the country’s automotive sector contributed about ~ US$ 19 billion in 2021 to the country’s GDP.Further, consumer electronics demand is increasing in the country and electronics appliances, such as LEDs and some smartwatch brands, use sapphire substrate in their products. For instance, Apple uses sapphire crystal in its watch’s series in display and screen. The growth in these industries is influencing the manufacturers of the sapphire substrate to cater to the country, leading to the growth of the sapphire substrate market. Impact of COVID-19 Pandemic on Sapphire Substrate Market Size The COVID-19 pandemic has adversely affected the electronics & semiconductor market by delaying production, as most of the manufacturing plants were closed.The delays caused in the designing and launching of the new products are expected to hinder the growth of the sapphire substrate market. The disruptions in trade, supply chain, and logistics restrained 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. Industry experts expect that the shortage will lead to a decline of US$ 60.6 billion in revenue from the global automotive industry. General Motors reported that the wafer shortage will reduce its earnings by US$ 1.5 billion to US$ 2 billion in 2021. Similarly, Ford Motor stated that the COVID-19 crisis could lower its earnings by US$ 1 billion to USD 2.5 billion in 2021. Honda Motor and Nissan Motor also reported fewer car sales due to the semiconductor wafer shortage. Social distancing and work from home scenarios spurred growth in sales of consumer electronic devices such as laptops, home-networking gear, webcams and monitors among others.Sales of home entertainment systems and other appliances also increased all of which come with customized wafers. Therefore, to cater to the demands the sapphire substrate companies in North America are significantly improving their production technology. U.S. computer processors chip maker Intel Corp. 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. Significant initiatives are anticipated to boost the North American sapphire substrate market growth during the forecast period. Saint-Gobain Group; KYOCERA Corporation; Semiconductor Wafer, Inc.; Precision Micro-Optics, Inc.; and Crystalwise Technology, Inc. are a few players profiled during the sapphire substrate market analysis. The overall sapphire substrate market analysis has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the sapphire substrate market. The process also serves the purpose of obtaining an overview and forecast of the sapphire substrate market size with respect to all market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the sapphire substrate market. Read the full report: https://www.reportlinker.com/p06295697/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
The future of the largest aviation joint venture between China and Russia is looking bleak because of intensifying disagreements between the two over how they share the profits and the possible involvement of Western companies. The Russians are unhappy because China wants to invite Western companies to take part in the US$50 billion project to develop a new passenger jet, known as the CR-929, according to two independent sources. "One of the key reasons is that Beijing hopes the CR-929 passenger
Key shareholders joined forces with labor leaders to force out Chief Executive Herbert Diess. The move comes after renewed internal strife over the slow progress developing core software for the company’s new generation of electric vehicles.
We’re supposed to be energy independent. What gives?
Anthony Scaramucci, the short-lived White House communications director under Donald Trump, is a bitcoin evangelist.
As a potential recession looms, investors should be prepared for the cloud boom to return to earth, and there is potential for a larger pullback in cloud spending that could have a domino effect on already bludgeoned tech stocks
Warren Buffett has accumulated a nearly 20% stake in Occidental Petroleum over the last several months. So: what's the Oracle of Omaha's endgame?
Shares in Google's parent company just got a whole lot cheaper (in price, not valuation). Is it time to buy?
An unprecedented crisis of confidence has affected the crypto industry for several months. The fall of the two digital currencies was caused by the fact that many investors wanted to liquidate their positions at the same time. A month later, the crypto lender Celsius Network, which operates like a bank, announced that it was suspending withdrawals, thus preventing its customers from having access to their money.
Rowan Street Capital LLC, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. Over many years, the fund concluded that its sole focus should be on identifying and partnering with visionary CEOs and the best entrepreneurs in the world, preferably in the earlier-to-mid stages of […]
The likely recovery in delivery volumes should have investors in a tizzy
Fed’s zigzagging policies could ultimately lead to an outcome similar to what happened in its fight against inflation four decades ago.
Verizon is set for its worst week since October 2008, but it's sitting on must-hold support right now.
After a rough start to the year, electric vehicle (EV) stocks have rebounded nicely since the calendar flipped to July. With EV makers Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) down around 21% and 68%, respectively, year to date, but up 22% and 27% this month, investors may be wondering if it's time to purchase some EV stocks. If you're a long-term believer in the EV transition, I believe now is a perfect time to hop into some EV-focused stocks.
As natural gas and crude oil prices begin to diverge, U.S. natural gas producers are readying to announce Q2 earnings.
While 2022 has undoubtedly been a rough time in the market, it's given us an opportunity to buy high-quality companies at a discount. The rebound will be massive, and bears will flee.
Microsoft has had three CEOs—two engineers and one marketing expert. The different results tell a clear story about good leadership.
(Bloomberg) -- Money managers rolled back bets against the biggest exchange-traded fund focused on oil-company stocks, signaling speculation that the price of crude is at least temporarily bottoming out after sliding sharply since last month.Most Read from BloombergRussian Odesa Missile Strike Tests Day-Old Grain Export DealTesla’s Bitcoin Dump Leaves Accounting Mystery in Its WakeThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundWHO Chief Overrules Panel to Call Monkeypox Gl
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street pays close attention. The easiest way for investors to monitor what Warren Buffett has been buying and selling is to track Berkshire Hathaway's quarterly 13F filings with the Securities and Exchange Commission (SEC).
Rowan Street Capital LLC, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. Over many years, the fund concluded that its sole focus should be on identifying and partnering with visionary CEOs and the best entrepreneurs in the world, preferably in the earlier-to-mid stages of […]
The court-ordered settlement talks in a shareholder lawsuit over CEO Elon Musk’s 2018 tweets will take place in October, the same month as two other trials involving Twitter and Tesla.