Global Sapphire Glass Market to Reach US$ 2,817 Million by 2028, Propelled by Significant Growth in Defense Industry

According to the latest report by IMARC Group, titled “Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global sapphire glass market size reached US$ 1,076 Million in 2022. Sapphire glass is a transparent, crystalline ceramic material made from highly pure aluminum oxide (Al2O3) or alumina. It is commercially manufactured using the flame fusion method that involves boule formation followed by cutting, shaping, and surface treatment. It is widely used in consumer electronics, screens, lenses, watches, medical implants, surgical instruments, protective coverings, cockpit windows, sensors, and armored vehicles. As compared to traditional glass, sapphire glass offers better optical properties, lower birefringence, and higher strength. It is also cost-effective, versatile, and highly durable and exhibits excellent biocompatibility and resistance against wear and tear, chemicals, scratches, high-energy radiations, and extreme temperatures. 

Sapphire Glass Market Trends:

The significant growth in the defense industry across the globe is one of the primary factors creating a positive outlook for the market. Sapphire glass is widely used to produce bulletproof shields, armored vehicles, optical systems, night vision devices, ballistic windows, aircraft sensor covers, radomes, communication systems, avionics, missile components, and laser weapons due to its exceptional mechanical and optical properties and resistance to extreme environmental conditions. In addition to this, the widespread product application in the aerospace industry to produce heat shields, spacecraft windows, and satellite components is acting as another growth-inducing factor. Furthermore, the increasing product utilization in the consumer electronics industry to produce light-emitting diode (LED) lighting, fingerprint sensors, camera lenses, power electronics, and screens for smartphones, tablets, and smartwatches is providing an impetus to the market growth. Additionally, the introduction of advanced production techniques, such as the edge-defined film-fed growth (EFG) method, which reduces cost, minimizes waste generation, increases yield, and improves product consistency, is positively influencing the market growth. Apart from this, rising product adoption in the healthcare industry to manufacture medical and dental implants, endoscopes, surgical tools, microfluidic devices, biosensors, x-ray detectors, and blood analysis systems is favoring the market growth. Moreover, the increasing product utilization to manufacture solar panels and wind turbines, owing to its durability and transparency, is propelling the market growth. Other factors, including rising product adoption in autonomous vehicles, increasing investment in the research and development (R&D) of new manufacturing techniques, and widespread product utilization in high-end luxury goods, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 2,817 Million by 2028, exhibiting a CAGR of 17.6% during 2023-2028. 

Market Summary:

• On the basis of product type, the market has been bifurcated into high grade transparency and general transparency sapphire glass.
• Based on the application, the market has been classified into smartphones, watches, optical and mechanical instruments, safety establishments, medical devices, and others.
• On a regional basis, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
• The competitive landscape of the industry has also been examined, with some of the key players being KYOCERA Corporation, Rayotek Scientific Inc., Rubicon Technology, Inc., Saint-Gobain Group, Crystran Ltd., Crystalwise Technology Inc., Monocrystal PLC, SCHOTT North America Inc. (SCHOTT AG), Swiss Jewel Company, GTAT Corporation, Precision Sapphire Technologies, Ltd, Sense-tech Innovation Company, Namiki Precision Jewel Co., Ltd., DK AZTEC Co., Ltd., and Tera Xtal Technology Corporation.

Report Scope:

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