Global Sapphire-based Power Devices Market 2018-2022
About Sapphire-based Power Devices
A power device is a type of semiconductor which is used in power circuits (high-voltage circuits) because of high voltage and power ratings. A sapphire-based power device is a type of power device in which a sapphire wafer is used as an insulating substrate, typically used with silicon carbide or gallium nitride.
Technavio’s analysts forecast the global sapphire-based power devices market to grow at a CAGR of 5.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global sapphire-based power devices market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sapphire-based Power Devices Market 2018-2022
Technavio recognizes the following companies as the key players in the global sapphire-based power devices market: CRYSTALWISE TECHNOLOGY, KKYOCERA, Monocrystal, Murata Manufacturing, and Rubicon Technology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in industrial and building automation. Manufacturers are increasingly focusing on achieving optimization in the areas of efficiency and low power consumption due to the rising demand for automation systems.”
According to the report, one driver in the market is proliferation of LTE network and subsequent demand for LTE-enabled smartphones. According to the Cisco Visual Networking Index (VNI) report, mobile data traffic grew by 63% worldwide in 2016. 4G data traffic accounted for 69% of that traffic, and mobile video accounted for 60%.
Further, the report states that one challenge in the market is availability of alternatives. The availability of strong alternative power devices, such as silicon carbide (SiC) power devices and gallium nitride (GaN) power devices, acts as a threat to sapphire-based power devices.
CRYSTALWISE TECHNOLOGY, KKYOCERA, Monocrystal, Murata Manufacturing, and Rubicon Technology.