Sapphire Semiconductor Market Present Scenario and Growth Prospects 2016-2021

Global Research on Global Sapphire Semiconductor Market 2016-2020 report adds in RnRMarketResearch.com including 58 Pages and provides Exhibits.

The sapphire semiconductor market report covers the present scenario and the growth prospects of the global market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of sapphire substrates for the LED, optical, and consumer electronics markets.

Complete report available at http://www.rnrmarketresearch.com/global-sapphire-semiconductor-market-2016-2020-market-report.html .

The analysts forecast global sapphire semiconductor market to grow at a CAGR of 11.25% during the period 2016-2020.  Sapphire is a versatile material that is used in LEDs and consumer electronics. It is used in a wide range of end markets due to attributes such as durability, light transmission, chemical inertness, thermal insulation, hardness, and resistance to physical damage and chemical erosion.

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

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The following companies are the key players in the global sapphire semiconductor market: Aurora Opto, Crystal Applied Technology, Crystalwise Technology (CWT), Hansol Technics, Kyocera, Monocrystal, Namiki Precision Jewel, Rigidtech Microelectronics, Rubicon Technology and Sapphire Technology. Other Prominent Vendors in the market are: DK Aztec, Guangdong Saifei Sapphire Technology, Guizhou Haotian Optoelectronics Technology, Jiangsu Jeshine New Material, and Precision Micro-Optics.

Commenting on the report, an analyst said: “Increasing use of sapphire in optical market will be a key driver for market growth. Sapphire semiconductors can be used in markets such as sensors, lenses, and power devices due to their high performance and cost advantages. In the optical segment, the transparency of sapphire semiconductors acts as an advantage. They can also be enhanced for the transmission in the infrared and ultraviolet regions as well as the visible spectrum. Other advantages include robustness and resistance to damage from chemicals, heat, or physical abrasion.”

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According to the report, in 2015, Malaysia rolled out its LED lighting upgrade project to fully replace the conventional lighting systems with LED lighting systems. Many Malaysian states such as Selangor have made installation of LED lights compulsory in new buildings. The Malaysian government has planned to replace all streetlights in the country with LEDs by 2020. The Penang state government is also offering a tax-free incentive for 5-10 years to Chinese manufacturers for establishing factories in the state. This exponential increase in the adoption of LEDs around the globe will be a major driver for the sapphire semiconductor market during the forecast period.

Further, the report states that falling growth rate of smartphones will be a major challenge for market. Global smartphone shipments will grow at a low CAGR of around 10% till 2020. The slow growth rate can be attributed to the already matured smartphone market in China. However, the gradually falling average selling prices will propel steady market growth by 2020, with global shipments reaching approximately 2 billion units. China remained the center of the global smartphone market in 2015 despite the low adoption rate of smartphones compared with previous years.