Asia Pacific Sapphire Substrate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Wafer Diameter and Application [LED, RFIC Application, Laser Diode, Silicon on Sapphire IC, and Others]

The sapphire substrate market in Asia Pacific is expected to grow from US$ 329.47 million in 2021 to US$ 496.07 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Sapphire substrate is largely used in the consumer electronics industry. Therefore, the rising demand for consumer electronics creates lucrative opportunities for the sapphire substrate market. In LED application, colored sapphire wafers can lead to negative effects. Thus, market players are focusing on developing colorless sapphire wafers for LEDs. The use of rich-quality colorless sapphire helps LED manufacturers manage cost and improve product quality. Thus, the manufacturers increasingly adopt colorless sapphire substrate, which is expected to bring new growth opportunities for the sapphire substrate market during the forecast period. Further, the rising mining activities of large crystals in various countries would boost the production of sapphire, which integrates with existing semiconductor manufacturing processes, resulting in the overall cost reduction for sapphire substrate. As the industry will keep on shifting toward mining at a larger scale, the production cost will reduce and expand the range of sapphire applications having lesser impact of gemstones and its parameters on overall sapphire substrate market.

By launching new features and technologies, vendors in the Asia Pacific sapphire substrate market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market at a substantial CAGR during the forecast period.

Asia Pacific Sapphire Substrate Market Segmentation

The Asia Pacific sapphire substrate market is segmented on the basis of wafer diameter, application, and country.

• Based on wafer diameter, the market is segmented into 2 inches, 4 inches, 6 inches, and others. In 2021, the 4 inches segment held a larger share of the market. And 6 inches is expected to register a higher CAGR during the forecast period.
• Based on application, the Asia Pacific sapphire substrate market is segmented into LED, RFIC application, laser diode, silicon on sapphire (SOS) IC, and others. The LED segment held the largest market share in 2021 and it is also expected to register the highest CAGR in the market during the forecast period.
• Based on country, the Asia Pacific sapphire substrate market is segmented into Taiwan, China, India, Japan, South Korea, and Rest of APAC. In 2021, China held a larger market share. On the other side, and it is also expected to register a higher CAGR during the forecast period.

Semiconductor Wafer Inc; ILJIN DISPLAY CO., LTD; CRYSCORE OPTOELECTRONIC LIMITED; CRYSTALWISE TECHNOLOGY INC.; SAINT GOBAIN S.A.; KYOCERA Corporation; and Monocrystal are among the leading companies in the Asia Pacific sapphire substrate market.