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SAPPHIRE COMPOUND SUBSTRATE MARKET ANALYSIS

Sapphire Compound Substrate Market, by Application (Light-emitting diodes, Laser Diodes, Infrared, Silicon on Sapphire Integrated Circuit, Radio Frequency Integrated Circuit, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Nov 2024
  • Code : CMI2204
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Market Challenges And Opportunities

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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