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Glass Substrate Market worth $21.51 billion by 2030, growing at a CAGR of 5.73% - Exclusive Report by 360iResearch
Glass Substrate Market | 360iResearch
The Global Glass Substrate Market to grow from USD 14.56 billion in 2023 to USD 21.51 billion by 2030, at a CAGR of 5.73%.
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The glass substrate market comprises the production, sales, and supply chain aspects of high-quality, thin glass sheets utilized in various sectors such as electronics, solar energy, automotive, and construction. These substrates are essential for manufacturing display panels for consumer electronics such as televisions, smartphones, tablets, and laptops. Additionally, they are employed in solar panels for photovoltaic cells and automotive windows with integrated technologies. The rapid expansion of the semiconductor industry and increasing use of LCDs in consumer durables and smartphones, driving demand for higher-resolution displays and sleeker designs, is fueling the development of the glass substrate market. Moreover, the manufacturing of multilayer glass substrates is the complexity involved in maintaining uniformity and precision throughout the process, and the capital-intensive nature of glass substrate manufacturing processes is restricting the market growth. Rising technological advancements and product innovations in glass substrate are creating growth opportunities in the market. In addition, rising Investment in the renewable energy sector has increased demand for glass substrates in solar panel manufacturing, which is expected to propel market expansion in the forthcoming years.
The United States holds a significant position in the glass substrate market in the Americas due to its advanced technology infrastructure and high adoption rate of smart devices such as smartphones, tablets, laptops, and televisions. In recent years, Latin America has also witnessed increasing demand for glass substrates driven by the growing middle-class population with higher disposable incomes that they spend on consumer electronics and other luxury goods. Automotive displays are another key driver for increased demand for glass substrates in the Americas, with major automobile manufacturers investing heavily in R&D efforts to develop smart displays that improve user experiences. The EMEA region shows a mixed trend regarding demand for glass substrates. While Europe continues to be a major player with strong R&D capabilities and innovations in display technologies, including organic light-emitting diodes (OLEDs), or MicroLEDs, there has been a gradual shift towards Asia-Pacific countries such as China for production purposes due to cost advantage. Automotive displays are another key driver for increased demand for glass substrates in Europe, with major automobile manufacturers investing heavily in R&D efforts to develop smart displays that improve user experiences. The APAC region is continuously growing in both the production and consumption of glass substrate products. Countries such as China, India, South Korea, Japan, and Taiwan are among the largest producers of glass substrates due to their strong manufacturing capabilities and skilled labor force. The rapid development of the consumer electronics industry, including smartphones, tablets, laptops, and smart TVs, primarily drives the demand for glass substrates in Asia-Pacific. In addition to consumer electronics, the solar energy sector has emerged as a key end-use industry contributing to the growth of the region's glass substrate market.
Market Segmentation & Coverage:
This research report categorizes the Glass Substrate Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Borosilicate-Based Glass Substrates, Ceramic-Based Glass Substrates, Fused Silica & Quartz-Based Glass Substrates, and Silicon-Based Glass Substrates. The Silicon-Based Glass Substrates commanded largest market share of 32.17% in 2023, followed by Borosilicate-Based Glass Substrates.
Based on Category, market is studied across Specialty Glass Substrates, Tinted Glass Substrates, and Transparent Glass Substrates. The Tinted Glass Substrates commanded largest market share of 62.12% in 2023, followed by Specialty Glass Substrates.
Based on Diameter, market is studied across 100 mm, 150 mm, 200 mm, 300 mm & above, and Custom Diameters. The 200 mm is further studied across Display Technology, Electronics Packaging, Microelectromechanical Systems, and Photonics. The 300 mm & above is further studied across Advanced Display Panels, Optoelectronics, Semiconductor Manufacturing, and Sensors. The 200 mm is projected to witness significant market share during forecast period.
Based on End-Use Industry, market is studied across Aerospace & Defense, Automotive, Electronics, Medical, and Solar Power. The Electronics is further studied across Semiconductor. The Electronics commanded largest market share of 51.11% in 2023, followed by Automotive.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 59.23% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Glass Substrate Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Glass Substrate Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Glass Substrate Market, highlighting leading vendors and their innovative profiles. These include AGC Inc., Applied Materials, Inc., AvanStrate Inc., Codex International, Compagnie de Saint-Gobain S.A., Coresix Precision Glass, Inc., Corning Incorporated, Coursen Coating Labs. Inc., GAGE-LINE TECHNOLOGY, INC., Hoya Corporation, Koch Industries, Inc., Kyodo International, Inc., Merck KGaA, MTI Corporation, Nippon Sheet Glass Company, Limited, Ohara Inc., Ossila Ltd., Otto Chemie Pvt. Ltd., Plan Optik AG, Resonac Holdings Corporation, Schott AG, Specialty Glass Products, Swift Glass Company, Sydor Optics, Techinstro, and Viracon.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Glass Substrate Market, by Type
7. Glass Substrate Market, by Category
8. Glass Substrate Market, by Diameter
9. Glass Substrate Market, by End-Use Industry
10. Americas Glass Substrate Market
11. Asia-Pacific Glass Substrate Market
12. Europe, Middle East & Africa Glass Substrate Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Glass Substrate Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Glass Substrate Market?
3. What is the competitive strategic window for opportunities in the Glass Substrate Market?
4. What are the technology trends and regulatory frameworks in the Glass Substrate Market?
5. What is the market share of the leading vendors in the Glass Substrate Market?
6. What modes and strategic moves are considered suitable for entering the Glass Substrate Market?
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