
Published On: Sep 2022
Published On: Sep 2022
At 6.2% CAGR, the North America Sapphire Substrate Market is projected to be worth US$ 496.07 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America sapphire substrate market was valued at US$ 329.47 million in 2021 and is expected to reach US$ 496.07 million by 2028, registering an annual growth rate of 6.2% from 2021 to 2028. Widening uptake of silicon-on-sapphire microelectronic circuits and raising demand for sapphire substrate in LED applications.
The growing demand for silicon-on-sapphire microelectronic circuits has been propelling the sapphire substrate market significantly. It is the way of developing a monocrystal Si film on sapphire wafers crystal face (1-102), known as the heterogeneous extension method. It then develops semiconductor devices on monocrystal Si film. It has the same thermal expansion coefficient as the monocrystalline Si. These Silicon Sapphire Substrate has incased the usage of microelectronics and optoelectronics technologies. Sapphire usage for wafers has also helped in reducing the overall cost of larger wafers at relatively low rate. Currently, high quality GaN crystals can overgrow on sapphire wafer with the significant rise of growth technology. The (0001) sapphire surface has become the most ideal application of the substrate. The increasing demand for silicon-on-sapphire circuits can be credited to several benefits, such as high speed, low power consumption, and resistance to radiation. Additionally, silicon-on-sapphire microelectronics circuits are broadly utilized in developing high frequency and high-speed radio communication, smartphones, desktop computers, small satellite, laptops, and aerospace industry applications. These factors and rising usage among various industries has positive impact on the sapphire substrate market.
On the contrary, fabrication of high resolution in sapphire nanostructures.
Based on wafer diameter, the North America sapphire substrate market is segmented into 2 inches, 4 inches, 6 inches, and others. The 4 inches segment held 40.2% market share in 2021, amassing US$ 56.86 million. It is projected to garner US$ 81.36 million by 2028 to expand at 5.5% CAGR during 2021–2028.
Based on application, the North America sapphire substrate market is segmented into LED, RFIC application, laser diode, silicon on sapphire (SOS) IC, others. The LED segment held 77.8% market share in 2021, amassing US$ 109.97 million. It is projected to garner US$ 159.09 million by 2028 to expand at 5.6% CAGR during 2021–2028.
Based on country, the North America sapphire substrate market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.7% market share in 2021. It was assessed at US$ 113.95 million in 2021 and is likely to hit US$ 164.03 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.
Key players dominating the North America sapphire substrate market are Meller Optics, Inc.; Rubicon Technology Inc.; Precision Micro-Optics Inc.; CRYSTALWISE TECHNOLOGY INC.; SAINT GOBAIN S.A.; KYOCERA Corporation; and Monocrystal among others.
Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com