NEW YORK, Jan. 3, 2017 /PRNewswire/ -- Persistence Market Research (PMR) offers an eight-year forecast on the global synthetic sapphire market between 2016 and 2024. The report defines 2015 as the base year and provides data for the following 8 years. This research report provides a detailed analysis of the global synthetic sapphire market, while identifying the factors contributing to growth of the market across the regions. This study offers insights about the market dynamics and trends of various regional markets that are influencing the current nature and future dynamics of the global synthetic sapphire market during the forecast period.
The report provides insights on synthetic sapphire of various applications that include optical, sapphire substrates, display and other industrial uses. Increase in the demand of sapphire particularly for LED chips with favorable government policy for increasing adoption of LED over incandescent and CFL is a major factor creating a significant growth in global synthetic sapphire market. In order to meet increasing demands, manufacturers and new players in the market are investing in capacity increase and also R&D initiatives for developing new applications. A detailed analysis by each application and end use further empowers clients to formulate strategies for every stage of their business.
As per analysis, product availability plays a very important role, and hence this report further offers an analysis on the segmentation, targeting and positioning (STP) analysis for key revenue growth areas.
The next section of report includes analysis of the global synthetic sapphire market on the basis of end use. It provides market outlook for 2016–2024, and sets the forecast within the context of sapphire markets. This study discusses about the synthetic sapphire market size and its dynamics on the basis of type of end use namely LED manufacturing, semiconductor, medical devices, consumer electronics and industrial. It talks about the market share of each of the segment in the global synthetic sapphire market. LED manufacturing segment is the prominent segment among the rest five end use segments. The consumer electronics segment is further bifurcated on the basis of smart phones, camera lens and watches for the period 2016-2024.
In the final section of the report, a competitive landscape has been provided to present the client with a dashboard view of various comparison points including revenue bracket, key application areas, and global presence amongst others. It also enables identification and evaluation of key competitors based on in-depth assessment of their capabilities and success in the marketplace. Key companies covered are Rubicon Technology Inc., KYOCERA Corporation, Saint-Gobain, SCHOTT AG, Monocrystal, Rayotek Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO., Ltd, Namiki Precision Jewel Co., Ltd., Juropol Sp. z o.o.
A detailed analysis has been provided for every segment in terms of market size analysis for the global synthetic sapphire market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the global synthetic sapphire market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand and the economic envelope.
It is vital to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyze the same on the basis of key parameters such as, year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of this report is the analysis of all segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as identify potential resources from a sales and delivery perspective in the global synthetic sapphire market. In addition to this, we have also provided strategic recommendations and key success factors for new entrants in the global synthetic sapphire market.
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