According to a market report by Lucintel, the future of the global synthetic sapphire market looks promising with opportunities in the light emitting diode manufacturing, semiconductor, medical devices, consumer electronics, and industrial markets. The global synthetic sapphire market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing demand for high-quality optical materials, on-going technological advancements in manufacturing processes, and rising demand from the semiconductor industry.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in synthetic sapphire market to 2030 by application (optical, sapphire substrates, display, and others), end use (light emitting diode manufacturing, semiconductor, medical devices, consumer electronics, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, optical, sapphire, substrates, and display are the major segments of synthetic sapphire market by application type. Lucintel forecasts that optical will remain the largest segment over the forecast period due to its high transparency, scratch resistance, and thermal stability properties.
Within this market, semiconductor will remain the largest segment.
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APAC is expected to witness highest growth over the forecast period due to significantly growing semiconductor industry in the region.
Rubicon Technology, KYOCERA, Saint-Gobain, SCHOTT, Monocrystal, Rayotek Scientific, and CRYSTALWISE TECHNOLOGY are the major suppliers in the synthetic sapphire market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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