Global Sapphire Wafer Market Expected to Reach USD 1,117.0 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Sapphire Wafer Market” by Orientation Type, by Wafer Diameter, by Polishing Type, by Growing Method, by Application, by End-use Industry, by Distribution Channel and by Region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 696.7 Million in 2022 and is expected to grow at a growth rate of 5.6% by the year 2031.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Sapphire Wafer Market” is anticipated to witness significant growth during the forecast period 2023-2031.

Sapphire wafer is a type of semiconductor substrate that is made from sapphire crystal. Sapphire has a unique set of properties that make it suitable for various applications. It withstands high temperatures, thermal shock, water and sand erosion, and scratching without losing its physical, chemical, and optical characteristics. It enhances the light output from LEDs by providing high efficiency and long-life span of the light source.

It reduces power consumption by 50%. It provides excellent electrical insulation and thermal conductivity for RF devices and power electronics. The development of technologies, such as 5G, artificial intelligence, and quantum computing, is expected to create opportunities for innovation and differentiation for sapphire wafer products.

The supply chain is a system between a company and its suppliers to manufacture and distribute particular products to the final buyers. This system includes different activities, information, entities, people, and resources. Entities involved in the Sapphire Wafer supply chain include manufacturers, suppliers/distributors, and end-users.

Raw materials used for manufacturing Sapphire Wafers are shipped to manufacturers to be processed into final products. These products are procured from raw material suppliers and stored at raw material warehouses or directly at manufacturing sites. Raw materials are inspected to ensure their quality.

The primary as well as secondary research methodology is used for keen observation and study of the Global Sapphire Wafer Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs).

These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has slightly negatively impacted the market due to the decrease in demand of Sapphire Wafer from end use industry. The outbreak of COVID-19 significantly affected many industries, including automotive, electronics, and others. Business and manufacturing units across various countries were closed, owing to an increase in the number of COVID-19 cases.

The global Sapphire Wafer market has experienced mixed impacts from the COVID-19 pandemic. the pandemic disrupted supply chains, manufacturing activities, and caused economic uncertainties, which had a negative impact on the market. During the initial phase of the pandemic, the sapphire wafer market experienced a slowdown.

Many industries faced production halts, supply chain disruptions, and reduced consumer demand. The restrictions on international trade and travel also affected the availability of raw materials and hindered machine installations. However, the electronics and semiconductor industries are the major consumers of sapphire wafers.

So, the demand for the sapphire wafers from those industries decreased. The decreased supply and increasing demand for sapphire wafers have led to the higher prices. Hence, it made more difficult for businesses to afford these products.

Key Takeaways from the Study:

• The players include American Elements, CRYSCORE OPTOELECTRONIC LIMITED, E-create Technology (Lianyungang) CO., LTD., Guizhou Haotian Optoelectronics Co., Ltd., Iljin Display Co., Ltd., KYOCERA Corporation, Meller Optics, Inc., Monocrystal, MTI Corporation, Nanochemazone, Orbray Co., Ltd., Precision Micro-Optics Inc., SIEGERT WAFER GmbH, Stanford Advanced Materials, and Xiamen Powerway Advanced Material Co., Ltd.

• Based on orientation type, the global Sapphire Wafer market is segmented into A-plane, C-plane, R-plane, and others. The C-plane segment is expected to hold a significant share of the market in 2022. The C-plane segment is projected to expand at a high growth rate, due to the rising adoption of LEDs and semiconductor devices in various end-use industries. This type of sapphire wafer is made of a single crystal of sapphire. It has high transparency, low reflectivity, and excellent electrical and thermal conductivity. These wafers are used in LED displays, mobile phones, and other electronic devices. C-plane sapphire wafers are widely used, due to its high performance and quality.

• Based on Wafer diameter, the Sapphire Wafer market is segmented into 2 inches, 4 inches, 6 inches, and others. The 4 inches segment is expected to hold a significant share of the market in 2022. This segment is driven by the demand for sapphire in applications, such as RFICs, laser diodes, and silicon-on-sapphire ICs, which benefit from the high quality and uniformity of 4-inch wafers. However, this segment is relatively small and stable, as it faces competition from both small and large diameters.

• Based on polishing type, the global Sapphire Wafer market is bifurcated into single-side polish and double-side polish. The Double-side Polish segment is projected to grow at a significant CAGR during the forecast period. The growth of this segment is due to its high-precision, smooth, mirror-like surface properties that delivers the highest surface quality. It also provides a great level of transparency. The double-sided polished wafers are used in high-end optical applications such as camera lenses and specialized optics for scientific instruments.

• Based on growing method, the Sapphire Wafer market is categorized into Kyropoulos, Heat Exchanger Method (HEM), and Others. The Heat Exchanger Method (HEM) segment is projected to grow at a significant CAGR of during the forecast period. The growth of this segment is due to sapphire wafers manufactured through HEM which are commonly used in applications such as LEDs and electronics. The advancement in HEM technology to reduce production costs is another factor that is expected to drive the growth of the market.

• Based on the application, the Global Sapphire Wafer Market is segmented into LED manufacturing, optical devices, power electronic devices, and others. The optical devices segment is projected to grow at a significant CAGR during the forecast period. The growth of this segment is due to various optical applications such as camera lenses, smartphones where sapphire wafers are used due to their scratch resistance and transparent nature.

• Based on end-use industry, the Global Sapphire Wafer Market is segmented into electronics, healthcare, automotive, aerospace & defense, and others. The automotive segment is projected to grow at a significant CAGR during the forecast period due to the increasing integration of advanced technologies and sensors in vehicles for providing safety and easy connectivity. In automotive sector, the sapphire wafers are used in wide range of applications, including high performance sensors, protective covers for cameras, LED lighting and displays.

• Based on distribution Channel, the Global Sapphire Wafer Market is segmented into direct sales and indirect sales (dealers/distributors). The direct sales segment is expected to hold a significant market share in 2022 during the forecast period. Direct distribution channels involve the sale of products or services directly to the end-users, without any intermediaries. This is achieved through online platforms, physical stores, or direct sales representatives. Direct distribution channels offer high control, low costs, and high customer loyalty; however, these channels require large investment, infrastructure, and marketing efforts

• Based on region, the Sapphire Wafer market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region. The market in Europe is anticipated to expand at a significant CAGR during the forecast period. The demand for advanced patterning techniques, such as patterned sapphire substrates (PSS), is growing, as these enhance the light extraction efficiency and performance of LED devices. The increasing demand for sapphire substrates in emerging applications, such as micro-LEDs and 3D sensing that require large-diameter wafers to support high pixel density and resolution, is driving the market in Europe.

Report Scope:

Target Audience:

• Demand Side: Electronics, Healthcare, Automotive, Aerospace & Defense, Others

• Regulatory Side: Concerned government authorities, and other regulatory bodies.