Kenneth Research, in its repository of market research reports, has recently added a report on Synthetic Sapphire Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Synthetic Sapphire Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Synthetic Sapphire Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of “Global Synthetic Sapphire Market: Analysis By Value, By Volume, By Application (Optics, Sapphire Substrates, Display, others), By End User (LED Manufacturing, Consumer Electronics, Industrial, Semiconductor, Others), By Region (North America, Europe, Asia Pacific and Rest of the world) and By Country (U.S., Canada, United Kingdom, Germany, Japan and China: (2022 2031”.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Azoth Analytics research report, “Global Synthetic Sapphire Market (Value, Volume): Analysis By End Use Sector (LED, Consumer Electronics, Semiconductor, Industrial, Others), Application (Optics, sapphire substrates, Display, Others), By Region, By Country: Opportunities and Forecast (2017-2022)” global market is projected to display a robust growth represented by a CAGR of 7.48% during 2017 – 2022.
The consumer electronics segment has witnessed growth at a noteworthy rate over the past few years and in the forecast period. On the heels of rising demand for smartphone and other consumer electronic products particularly in developing countries including China, India, etc. and rising demand for LED TVs, the contribution of consumer electronics segment has been on a rise. Amongst the regions, Asia Pacific accounts for the largest regional share in the global synthetic sapphire market in 2016. Emerging nations in Asia Pacific region such as Taiwan and China have been displaying a lot of potential and are the major manufacturers of synthetic sapphire.
The report titled “Global Synthetic Sapphire Market (Value, Volume): Analysis By End Use Sector (LED, Consumer Electronics, Semiconductor, Industrial, Others), Application (Optics, sapphire substrates, Display, Others), By Region, By Country: Opportunities and Forecast (2017-2022)” has covered and analysed the potential of Global Sapphire Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global sapphire market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Market (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Synthetic Sapphire Market – By Value, By Volume
• By Application – Optics, Sapphire Substrates, Display, Others
• By End Use Sector – LED Manufacturing, Consumer Electronics, Semiconductor, Industrial, Others
Regional Markets – North America, Europe, APAC and Rest of the World (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Synthetic Sapphire Market – By Value, By Volume
• By Application – Optics, Sapphire Substrates, Display, Others
• By End Use Sector – LED Manufacturing, Consumer Electronics, Semiconductor, Industrial, Others
Country Analysis – US, Canada, Germany, United Kingdom, China, Japan, (Actual Period: 2012-2016, Forecast Period: 2017-2022)
• Synthetic Sapphire Market – By Value, By Volume
• By Application – Optics, Sapphire Substrates, Display, Others
• By End Use Sector – LED Manufacturing, Consumer Electronics, Semiconductor, Industrial, Others
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Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter’s Five Forces Analysis
• Competitive Landscape
– Product Benchmarking of key industry players
– Region Wise Key Manufacturers
– Company Analysis – Rubicon Technology Inc., Kyocera Corporation, Saint Gobain, Schott AG, Monocrystal Inc., Crystalwise Technology Inc, Iljin Display Co Ltd, Namiki Group, Juropol sp. z.o.o., Hansol Technics Co. Ltd.
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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