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Global Sapphire Semiconductor Market Opportunities & Forecasts 2020 - Research and MarketsDUBLIN, September 26, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Sapphire Semiconductor Market 2016-2020" report to their offering. The global sapphire semiconductor market to grow at a CAGR of 11.25% during the period 2016-2020. Global Sapphire Semiconductor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of sapphire substrates for the LED, optical, and consumer electronics markets. Increasing use of sapphire in optical market will be a key driver for market growth. Sapphire semiconductors can be used in markets such as sensors, lenses, and power devices due to their high performance and cost advantages. In the optical segment, the transparency of sapphire semiconductors acts as an advantage. They can also be enhanced for the transmission in the infrared and ultraviolet regions as well as the visible spectrum. Other advantages include robustness and resistance to damage from chemicals, heat, or physical abrasion. According to the report, in 2015, Malaysia rolled out its LED lighting upgrade project to fully replace the conventional lighting systems with LED lighting systems. Mny Malaysian states such as Selangor have made installation of LED lights compulsory in new buildings. The Malaysian government has planned to replace all streetlights in the country with LEDs by 2020. The Penang state government is also offering a tax-free incentive for 5-10 years to Chinese manufacturers for establishing factories in the state. This exponential increase in the adoption of LEDs around the globe will be a major driver for the sapphire semiconductor market during the forecast period. Further, the report states that falling growth rate of smartphones will be a major challenge for market. Global smartphone shipments will grow at a low CAGR of around 10% till 2020. The slow growth rate can be attributed to the already matured smartphone market in China. However, the gradually falling average selling prices will propel steady market growth by 2020, with global shipments reaching approximately 2 billion units. China remained the center of the global smartphone market in 2015 despite the low adoption rate of smartphones compared with previous years. Key vendors
Other prominent vendors
Key Topics Covered: Part 01: Executive summary Part 02: Scope of the report Part 03: Market research methodology Part 04: Introduction Part 05: Market landscape Part 06: Market segmentation by application Part 07: Geographical segmentation Part 08: Key leading countries Part 09: Summary of key figures Part 10: Market drivers Part 11: Impact of drivers Part 12: Market challenges Part 13: Impact of drivers and challenges Part 14: Market trends Part 15: Vendor landscape Part 16: Appendix For more information about this report visit http://www.researchandmarkets.com/research/bkcrzs/global_sapphire Media Contact: Research and Markets Laura Wood, Senior Manager For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 
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