Press release
Global Cover Glass Market Growth To Be Driven By The Heightened Adoption Of Smart Devices In The Forecast Period Of 2023-2028
Cover Glass Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
The key highlights of the report include the following drivers:
The market growth is being driven by the heightened adoption of smart touch screen devices such as smartphones, smart watches, and tablets, among others. In addition to this, the increasing necessity of gorilla glass, owing to the high strength and resistance offered by this glass, is further propelling the market growth.
Over the forecast period, the increasing application of cover glass in the automotive industry owing to the intelligent features being incorporated in the vehicles such as GPS and interactive screen, is likely to add to the market growth. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the large population base in emerging economies such as India and China.
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Cover Glass Industry Definition and Major Segments
Cover glass is defined as thin glass covering which is mounted on microscopes, smartphones, or cameras to protect it. The shape of the glass can be square or round, among shapes, depending upon the requirement. Cover glass is mainly used to sustain the sensitivity of the screen in order to maintain the quality of user experience.
On the basis of type, the market can be segmented into:
Gorilla
Sapphire
Dragontrail
3D Glass
Others
Based on application, the market has been segmented into:
Smartphones
Tablet
Smart Watch
Automotive
Others
The regional markets for cover glass include:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Cover Glass Market Trends
The key trends in the cover glass market include the thriving e-commerce industry, which is boosting the sales of downstream products of cover glass. The increasing purchasing power of the population across the developing countries is further bolstering the demand for cover glasses. Over the forecast period, the rapid research and development activities by the major consumer electronic manufacturers aimed towards developing high-end touchscreen devices are likely to be the crucial trends in the market.
Furthermore, the market is increasing incorporation of display screens in various end-use industries and enterprises, which is likely to provide significant impetus to the market growth in the coming years.
Key Market Players
The major players in the market are Corning, Inc., AGC Inc., Schott AG, Biel Crystal Manufactory Limited, and TPK Holding Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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