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Sapphire Semiconductor Market (11.25% CAGR) Grow to 2020

ReportsnReports.com adds Global Sapphire Semiconductor Market 2016-2020 latest research report, the analysts forecast global sapphire semiconductor market to grow at a CAGR of 11.25% during the period 2016-2020.

PUNE, India, Sept. 23, 2016 /PRNewswire-iReach/ -- The global sapphire semiconductor market analyst says 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.

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Complete report on sapphire semiconductor market spread across 58 pages, analyzing 10 major companies and providing 26 data exhibits is now available at http://www.reportsnreports.com/reports/687921-global-sapphire-semiconductor-market-2016-2020.html

According to the 2016 sapphire semiconductor market report, in 2015, Malaysia rolled out its LED lighting upgrade project to fully replace the conventional lighting systems with LED lighting systems. Many 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.

The global sapphire semiconductor market is highly fragmented and characterized by the presence of a large number of established manufacturers and several small and medium-sized enterprises. The market is extremely competitive where the international players dominate it. As the key players continue to extend their footprint across the globe, regional vendors face a serious threat from them in terms of quality, performance, and price. Competition in this market is expected to intensify in the coming years with the increase in utilization of sapphire substrates due to increasing government initiatives and funding to promote LED adoption in various countries across the globe. Order a copy of Global Sapphire Semiconductor Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=687921 

The following companies are the key players in the global sapphire semiconductor market: Aurora Opto, Crystal Applied Technology, Crystalwise Technology (CWT), Hansol Technics, Kyocera, Monocrystal, Namiki Precision Jewel, Rigidtech Microelectronics, Rubicon Technology and Sapphire Technology. Other prominent vendors in the market are: DK Aztec, Guangdong Saifei Sapphire Technology, Guizhou Haotian Optoelectronics Technology, Jiangsu Jeshine New Material, and Precision Micro-Optics.

APAC dominates the sapphire semiconductor market and occupied around 81% of the total market revenue during 2015. Much of the region's growth is due to the presence of a number of semiconductor foundries such as TSMC, Samsung, and SMIC. These manufacturers are building new fabs to expand their production lines, which will further boost the growth of this market. Being the largest consumer of semiconductor devices, massive investments are expected by large corporations in the manufacturing and semiconductor sectors of the region, which will augment the demand for sapphire semiconductors during the forecast period.

Global Sapphire Semiconductor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. 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.

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