Report : Europe Sapphire Substrate Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Wafer Diameter (2 Inches, 4 Inches, 6 Inches, and Others) and Application [LED, RFIC Application, Laser Diode, Silicon on Sapphire (SoS) IC, and Others]
At 4.4% CAGR, the Europe Sapphire Substrate Market is speculated to be worth US$ 152.26 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe sapphire substrate market was valued at US$ 113.97 million in 2021 and is expected to reach US$ 152.26 million by 2028, registering an annual growth rate of 4.4% from 2021 to 2028. Raising demand for sapphire substrate in LED applications and widening uptake of silicon-on-sapphire microelectronic circuits.
Sapphire substrate is increasingly being used in LEDs, laser diodes, and RFIC applications, with LED accounting for over ~90%. Sapphire substrate is suitable for LED applications due to its high strength, high-temperature resistance, low dielectric loss, and good electrical insulation. Sapphire substrate 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 and that is why it is widely used in mid-power LEDs. Other companies that are the prominent producers of LED sapphire substrates are Gavish, San’an Optoelectronics, Monocrystal, Silian, Crystalwise Technology, and Rubicon Technology. The demand for sapphire substrates is increasing in LED applications, boosting the sapphire substrate market. As sapphire substrates are a key component for LEDs, general lightings continue to require substrate materials in the LED market, aiding the market.
On the contrary, fabrication of high resolution in sapphire nanostructures.
Based on wafer diameter, the Europe sapphire substrate market is segmented into 2 inches, 4 inches, 6 inches, and others. The 4 inches segment held 40.7% market share in 2021, amassing US$ 46.41 million. It is projected to garner US$ 62.81 million by 2028 to expand at 4.6% CAGR during 2021–2028.
Based on application, the Europe sapphire substrate market is segmented into LED, RFIC application, laser diode, silicon on sapphire (SOS) IC, others. The LED segment held 80.1% market share in 2021, amassing US$ 91.27 million. It is projected to garner US$ 124.41 million by 2028 to expand at 4.7% CAGR during 2021–2028.
Based on country, the Europe sapphire substrate market has been segmented into France, Germany, Italy, the UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 30.7% market share in 2021. It was assessed at US$ 34.99 million in 2021 and is likely to hit US$ 51.22 million by 2028, exhibiting a CAGR of 5.8% during the forecast period.
Key players dominating the Europe sapphire substrate market are CRYSTALWISE TECHNOLOGY INC.; SAINT GOBAIN S.A.; KYOCERA Corporation; and Monocrystal among others.
- In August 2020, Monocrystal, a global leader in synthetic sapphire growing and processing, announced that its project to manufacture extra-large diameter sapphire wafers for disruptive light-emitting diode (LED) applications is one of six Russian projects worth $20 billion approved by the Intergovernmental Russian-Chinese Commission on Investment Cooperation.
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