Drivers and Restraints
Increasing demand for sapphire compound substrate in LED and mobile device application is expected to fuel growth of the sapphire compound substrate market. According to Coherent Market Insights’ analysis, the global LED lighting market is projected to reach over US$ 120 billion by 2025, exhibiting a CAGR of 16.61% over the forecast period.
Furthermore, according to the Internet World Stats, in China, number of internet users in 2015 was 705.9 million and it increased to 721.4 million in 2016.
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