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Sapphire ingot Al2O3 is a colorless crystal and also known as corundum. It is manufactured from alumina and belongs to the ditrigonal-scalenohedral class of the trigonal symmetry. It is mainly used as a base material for growing etching blue & white LED chips and epitaxial layers. It is available in various sizes based on the application required. Additionally, the sapphire ingots possess several beneficial properties which include good thermal conductivity, high corrosion & radiation resistance, high hardness, high mechanical strength, high biological compatibility, and low thermal expansion coefficient. It finds its application in the tablet & PCs, smartphones, aerospace & defense, and medical.
The increasing demand for sapphire ingot from smartphones and aerospace & defense applications will fuel the market growth. The demand for sapphire ingot is attributed to its beneficial properties. In aerospace & defense, the product is mainly used in the wave-transmitting window, laser window, guard plate, optoelectronic tracker, pressure sensor, IR security system, durable bearing, optronic masts, and gyroscope. The rapid growth in the aerospace industry coupled with increasing adoption of the smartphone amongst the people will surge the need for sapphire ingots. Hence, the increasing demand will contribute to propelling market growth during the forecast timeline.
However, high manufacturing cost impacts the overall price of the sapphire ingot. This also restricts its adoption in various applications and anticipated to restrain market growth.
Key Market Driver -
The rising demand for sapphire ingot in the aerospace & defense and smartphones to drive the market growth.
Key Market Restraint -
High manufacturing cost of sapphire ingot to restrict the market growth
Based on type, the sapphire ingot market is segmented into ultraviolet grade (UV), infrared grade (IR), and others. Based on application, the market is segmented into tablet & PCs, smart phones, aerospace & defense, medical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the sapphire ingot market include Monocrystal, USI Optronics Corporation, Guizhou Haotian Optoelectronics Technology Co., Ltd, The Roditi International Corporation, Mersen's Graphite Specialty Group, Nanjing J-crystal Photoelectric Technology Co., Ltd, CRYSCORE OPTOELECTRONIC LIMITED., ShanXiZhongJuJingKe Semiconductor Co., Ltd, SNE Research, Rubicon Technology, and Komachine.com, Co.
Asia Pacific is expected to register highest growth in the sapphire ingot market. The growth is attributed to the rising demand for the product in smartphone applications. The higher adoption of the product in aerospace & defense will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to the high demand for sapphire in the medical application. Latin america & the Middle East & Africa are anticipated to witness significant growth, owing to the adoption of the product in the tablet & PCs.
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