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Sapphire Technology Market worth $3.01 Billion by 2020

The Sapphire Technology Market by Growth Technologies entails a great potential across many industry verticals. The sapphire material is gaining attention due to effective cost matrix and leads to a longer life cycle with greater reliability. The highlighting features of sapphire material are high efficiency, better thermal and electric properties, and longer life that is best suited for power electronics devices, display cover for consumer electronics, and LED industry. Sapphire Technology Market is the one that will be the captivating essentials for new entrants as well as winning opportunities for the established players.

According to the new report "Sapphire Technology Market by Growth Technologies (KY, CZ, HEM, and EFG), Substrate Wafer (Si-on-Sapphire, SiC-on-Sapphire, GaN-on-Sapphire, and Others), Devices, Applications, and Geography - Analysis & Forecast to 2013 - 2020", the global sapphire market by substrate is expected to reach $3.01 Billion by 2020 at a CAGR of 12.31%, where as the Global Sapphire Technology Market for devices is expected to reach $6.17 Billion by 2020 at a CAGR of 12.24%. which includes an in-depth analysis of application and geography.

Browse more than 65 market data tables with 70 figures spread through 236 pages and in-depth TOC on "Sapphire Technology Market - Analysis & Forecast to 2013 - 2020"

The Global Sapphire market in Semiconductors has witnessed enormous developments in the past few years. The companies in Asia-Pacific (APAC) have shown an extensive growth and have a major market share in the sapphire ecosystem. Americas is following the APAC and giving s fierce competition by mainly concentrating on the innovative developments in aerospace anddefense as well as other electronic products.TheGlobal Sapphire market in Semiconductorsisendorsing a rampage of new product developments, mergers and collaborations, expansions, and other activities in the research and development field.

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The major drift in the sapphire industry took place when Apple Inc. (U.S.) signed a contract with GT Advanced Technologies (U.S.) worth 578 Million USD, where it was decided that GT Advanced Technologies (U.S.) would manufacture sapphire display cover and camera lens cover for Apple’s products. GT Advanced Technologies (U.S.) serves the Global Sapphire market in Semiconductors with its innovative products and developments. The company has its major focus on the U.S. market and is trying to expand with a fierce competition from its peers such as Rubicon Technology (U.S.), Insaco Inc. (U.S.), and so on. Moreover, sapphire, specifically synthetic sapphire, has several exceptional properties that make it of interest to Apple. The attraction towards sapphire was due to many reasons such as,sapphire is superior to glass, even competing glass material, in several ways. Synthetic sapphire has no color, as it’s a single crystal grown to be optically transparent,making it look very similar to glass. But it’s also extremely hard as it has a nine on the Mohs scale,which means better scratch resistance.With GTAT’s new technology, it was possible to produce lighter, stronger, and optically transparent glass ideally fulfilling Apple’s requirements for its new products.

The countries in the Asia-Pacific region are considered to be the hub of electronics and semiconductors market that are driving the growth of sapphire. Sapphire used in power applications such as Radio Frequency Integrated Circuit (RFIC) and the (MMIC) are on the verge of being targeted by new entrants in this sector. The innovation took place when it was possible to make display cover and camera lens covers of smart phones. One of the premium examples is when Apple Inc. (U.S.) signed a contract with GT Advanced Technologies (U.S.) worth 578 Million USD at Arizona (U.S.), in which GT Advanced Technologies (U.S.) is manufacturing sapphire based display covers for Apple’s new products. This attracted a number of OEMs to diversify in this particular segment.

Aerospace and Defense Industry is the next approaching vertical where sapphire is generally used in the transparent armors and windows for military vehicles. The exceptional properties of sapphire as well as the transparent nature of this material have made it possible to use it in aircrafts and other military vehicle. The APAC countries are in the pre-mature level of sapphire industry whereas the American nations are following the league at the second position. The European market is also expected to grow by 2020. The big fishes such as Kyocera Corp. (Japan), DK Aztec CO., Ltd (Korea), Namiki Precision Jewel Co., Ltd (Japan), Tera Xtal Corp (Taiwan), Sapphire Technology Co., Ltd (Korea), LG Siltron (Korea), Acme Electronics Corp (Taiwan), and so on, have induced a mammoth potential in the APAC region for the overall capacity of the sapphire business.

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In the modern context, GT Advanced Technologies not only serves the role of a torch bearer but also enjoys the lion’s share in the sapphire ecosystem of Americas. After signing the contract with Apple Inc. (U.S.), GT Advanced Technologies has improved its manufacturing at the new production plant by refining the quality of its furnaces and also improving products produced. GT expects to make between 480 million USD and 640 million USDfrom its sapphire business in 2014.

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