Sapphire Substrates Market - Forecast(2024 - 2030)

Report Code: ESR 0413 Report Format: PDF + Excel

Sapphire Substrates Market Overview

The Sapphire Substrates Market size is forecasted to reach US$884.26 billion by 2027, growing at a CAGR of 5.6% from 2022 to 2027. The tremendous growth of the consumer electronics industry over the past few years act as a major driver of the Sapphire Substrate Industry growth. Silicon-on-sapphire microelectronics circuits are widely used in the development of high-frequency and high-speed radio communication, smartphones, desktop computers, small satellites, laptop computers and aerospace industry applications. These factors, as well as increased usage in various industries, have a positive impact on the sapphire substrate market. Additionally, these sapphire ICs made out of chemical vapor deposition provide several benefits such as high speed, low power consumption, wide band gap energy and are resistant to cryogenic temperature and radiation. The specific heat capacity of these sapphire substrates is relatively higher than other materials. Moreover, their ability to resist cryogenic temperature, as well as their wide band gap energy, is boosting the demand for these materials to improve the performance of the semiconductors. These factors would positively influence the Sapphire Substrates Industry Outlook over the forecast period.

Sapphire Substrates Market

Report Coverage

The report: “Sapphire Substrates Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Sapphire Substrates industry.

By Product Type: C-plane Sapphire Substrate, R/M-Plane Sapphire Substrate and Pattern Sapphire Substrate.
By Wafer Diameter: 2 inches, 4 inches, 6 inches and 8 inches.
By Application: LED, Laser Diodes, RFIC, Silicon on Sapphire IC and Others.
By End-use Industry: General Lighting, Automotive Lighting, Healthcare, Consumer Electronics, Industrial, Energy and Utilities and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and the RoW (Middle East and Africa).

Key Takeaways

  • In the Sapphire Substrates market report, the 6 inches wafer diameter segment is analyzed to grow at a CAGR of 5.9% significant rate due to its applications in the growing LED industry and growing demand for consumer electronics.
  • The general lighting industry is expected to grow at the highest rate with a CAGR of 6.2%, due to factors such as the growing demand for LED lights and their applications across various industry verticals and rapid industrialization.
  • The APAC region had the largest share of 44% in the global Sapphire Substrates Market size, owing to factors such as growing demand for consumer electronics, growing applications of LEDs and the presence of major manufacturers.

Global Sapphire Substrates Market Value Share, by Region, 2021 (%)

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Sapphire Substrates Market Segment Analysis - by Wafer Diameter

By Wafer Diameter, the 6 inches segment in the Sapphire Substrates Market report is analyzed to grow with the highest CAGR of 5.9% during the forecast period 2022-2027. The LED industry, which primarily uses sapphire substrates, is responsible for such dominance. Furthermore, a consistent increase in the demand for consumer electronics also boosts the 6 inches segment in the Sapphire Substrates Market due to their inherent advantages in production utilization. For instance, the 6-inch C-Plane (0001) sapphire wafer by CryScore is one of the favorable choices in the market as it has wide band gap energy, is resistant to cryogenic temperature and has higher specific heat capacity. As a result, manufacturers are adopting these 6-inch sapphire substrate wafers, thereby boosting the Sapphire Substrates Market size.

Sapphire Substrates Market Segment Analysis - by End-use Industry

Based on End-use Industry, the General Lighting segment in Sapphire Substrates Market report is analysed to grow at the highest CAGR of 6.2% during the forecast period 2022-2027. Due to rapid industrialization across the world, the demand for LED Lighting is surging globally boosting the general lighting segment in the Sapphire Substrates Market. The widespread applicability of sapphire substrate wafers in industrial, residential and outdoor lighting is also boosting the market growth. In August 2020, Monocrystal started a project aiming to manufacture extra-large diameter sapphire wafers for disruptive light-emitting diode (LED) applications. These developments would boost the general lighting segment in the Sapphire Substrates Industry.

Sapphire Substrates Market Segment Analysis - by Geography

APAC dominated the global market for Sapphire Substrates Market with a market share of 44% in 2021 and also is analyzed to have significant growth over the forecasting period. This growth can be attributed to the rising demand for consumer electronics, increasing applications of LEDs and the presence of major manufacturers and their continued investments. In April 2020, the world’s second large LED chip maker company HC Semitek received an investment of US$5.1 million from the local government. These continuous developments would boost the demand for sapphire substrates and boost the APAC region’s presence in the Sapphire Substrates Industry.

Sapphire Substrates Market Drivers

Rising demand for wide band gap substrates contributes to the increased demand for Sapphire Substrates:

Wide gap substrates have emerged as suitable replacements for conventional substrates due to their wide band gap energy, which allows them to operate at extreme temperatures with greater switching capacity due to their higher specific heat capacity. These ICs made out of chemical vapor deposition enable the devices to serve previously difficult applications. Apart from that, these semiconductor materials enable the creation of smaller, high-performance devices. In November 2021, Nexperia introduced 650 V, 10 A SiC Schottky diodes, expanding its wide bandgap semiconductors offering. These factors would foster demand for Sapphire Substrates and thereby positively influence the Sapphire Substrates Industry Outlook.

The growing LED industry and its wide applications of LEDs across all industry verticals:

LED lights are a better solution than halogen, compact fluorescent and incandescent lights. LEDs operate at low energy input while providing high illumination, which is why they are widely used in both outdoor and indoor settings. Additionally, LEDs offer designers design flexibility as well as the ability to withstand frequent switching. This high adoption of LEDs creates the demand for sapphire substrates, boosting the market size. In 2020, according to the U.S. Department of Energy, more than 75% of outdoor luminaire shipments would be light-emitting diodes (LEDs). These factors would foster the demand for Sapphire Substrates increasing the market size.

Sapphire Substrates Market Challenges

A highly competitive market and easy availability of advanced technologies among manufacturers:

In terms of cost of fabrication, compatibility with other materials, applications and usage, sapphire technology is highly competitive when compared to other high-end materials such as Silicon, Sic and GaN technology. It makes this technology much more widely available. Sapphire would continue to be the primary substrate in gallium nitride electronics because sapphire is a dielectric and it must frequently be etched, which is an additional laborious engineering issue. These similarities and issues with Sapphire Substrate technology are having a negative impact on the growth of the Sapphire Substrates market.

Sapphire Substrates Industry Outlook

Product launches, collaborations and R&D activities are key strategies adopted by players in the Sapphire Substrates Market. The top 10 companies in the Sapphire Substrates market are:

  1. Rubicon Technology Inc.
  2. Meller Optics Inc.
  3. Kyocera Corporation
  4. Crystalwise Technology Inc.
  5. Compagnie de Saint-Gobain S.A.
  6. Monocrystal PLC
  7. San’an Optoelectronics
  8. Hansol Technics Co.
  9. Cree Inc.
  10. Huacan Optoelectronics

Recent Developments

  • In April 2022, Monocrystal PLC launched the new Ultra-Clean Sapphire Wafers which would be used for high-precision optoelectronic applications like micro-LEDs. These developments boost the demand for Sapphire Substrates which in turn increases the market size.
  • In January 2022, Meller Optics, Inc. launched a full line of small high-precision sapphire and ruby balls for use in instruments, metering equipment and other precision mechanisms. This is poised to increase the company’s market share in Sapphire Substrates Market.
  • In April 2021, Saint-Gobain produced a single crystal sapphire tube. Made out of chemical vapor deposition, this crystal sapphire tube would allow for visual observation of processes and experiments in high temperatures. This in turn would boost the Sapphire Substrates Industry.

Relevant Report Titles:

Gallium Nitride Substrates Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: ESR 0030

LED Materials Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 20118

Glass Substrate Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 27449

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1. Sapphire Substrates Market - Market Overview
    1.1 Definitions and Scope
2. Sapphire Substrates Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Application
    2.3 Key trends segmented by Geography
3. Sapphire Substrates Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking - Top 3 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Sapphire Substrates Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies (3 Case Studies)
    4.4 Customer Analysis (5 Key Customers for Top 5 Companies)
5. Sapphire Substrates Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis (3 Key Startups Analyzed)
6. Sapphire Substrates Market - Market Forces
    6.1 Market Drivers
    6.2 Market Challenges
    6.3 Porter's five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Sapphire Substrates Market – by Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Sapphire Substrates Market - by Product Type (Market Size - $Million/Billion)
    8.1 C-Plane Sapphire Substrate
    8.2 R/M-Plane Sapphire Substrate
    8.3 Pattern Sapphire Substrate
9. Sapphire Substrates Market - by Wafer Diameter (Market Size - $Million/Billion)
    9.1 2 inches
    9.2 4 inches
    9.3 6 inches
    9.4 8 inches
10. Sapphire Substrates Market - by Application (Market Size - $Million/Billion)
    10.1 LED
    10.2 Laser Diodes
    10.3 RFIC
    10.4 Silicon on Sapphire IC
    10.5 Others
11. Sapphire Substrates Market – by End-use Industry (Market Size - $Million/Billion)
    11.1 General Lighting
    11.2 Automotive Lighting
    11.3 Healthcare
    11.4 Consumer Electronics
    11.5 Industrial
    11.6 Energy and Utilities
    11.7 Others
12. Sapphire Substrates Market – by Geography (Market Size - $Million/Billion)
    12.1 North America
        12.1.1 The US
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Columbia
        12.2.5 The Rest of South America
    12.3 Europe
        12.3.1 The UK
        12.3.2 Spain
        12.3.3 Italy
        12.3.4 The Netherlands
        12.3.5 France
        12.3.6 Germany
        12.3.7 The Rest of Europe
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3 Australia
        12.4.4 India
        12.4.5 Singapore
        12.4.6 South Korea
        12.4.7 Malaysia
        12.4.8 The Rest of APAC
    12.5 The Rest of the World
        12.5.1 Africa
        12.5.2 The Middle East
13. Sapphire Substrates Market - Entropy
14. Sapphire Substrates Market - Industry Competition Landscape (Premium)
    14.1 Market Share Global (10 Companies at Global Level)
    14.2 Market Share by Region (5 Companies Per Region)
    14.3 Market Share by Country (5 Companies per Country. Covering 10 Key Countries – The US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East)
    14.4 Market Share by Type/End-use Industry (5 Companies per Type)
    14.5 Competition Matrix (Top 10 Global Companies)
15. Sapphire Substrates Market - Key Company List by Country Premium (Premium)
(Up to 5 Companies per Country for 10 Countries - The US, Canada, Brazil, Germany, France, the UK, China, Japan, India and the Middle East – Tentative: 50 Companies Subject to Availability)
16. Sapphire Substrates Market Company Analysis (Market Overview, Product Portfolio, Revenue and Developments)
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
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