Press release
Semiconductor Glass Market Report, Size, Share, Growth, Trends, Competitive Landscape to 2033
Semiconductor Glass Market
The new report published by The Business Research Company, titled Semiconductor Glass Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the semiconductor glass market size has grown steadily in recent years. It will grow from $5.78 billion in 2023 to $6.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The semiconductor glass market size is expected to see steady growth in the next few years. It will grow to $7.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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What Is Driving The Growth Of The Global Semiconductor Glass Market?
Rising Consumer Electronics Demand Fuels Semiconductor Glass Market Growth
The increasing demand for consumer electronics is expected to propel the growth of the semiconductor glass market going forward. The rise in adoption of consumer electronics is driven by increasing demand for smart, connected devices and advancements in technology. Semiconductor glass is utilized in consumer electronics for its ability to enhance display clarity and support advanced functionalities, driven by the need for high-performance and high-resolution screens. For instance, in January 2023, according to the annual financial report 2022 published by LG Corporation, a South Korea-based consumer electronics and home appliances company, LG had revenue exceeding $60 billion for the first time. This was a 12.9% increase from 2021. The growth was mainly due to the high demand for premium home appliances and automotive parts. The appliance business unit also experienced significant year-over-year growth for the seventh year. Therefore, the increasing demand for consumer electronics is driving the growth of the semiconductor glass market.
What Is The Key Trend In The Global Semiconductor Glass Market?
Advancements In Semiconductor Glass Enhance Precision And Performance
Major companies operating in the semiconductor glass market are developing advanced ultra-low-flatness glass solutions to enhance precision and performance in semiconductor manufacturing. Advanced ultra-low-flatness glass solutions refer to high-precision glass substrates with minimal surface deviations, crucial for semiconductor manufacturing where even minor imperfections can affect performance and yield. For instance, in September 2023, Intel Corporation, a US-based manufacturer of semiconductor computer circuits, launched a new glass substrate technology for next-generation advanced chip packaging. This glass features ultra-low flatness and enhanced thermal and mechanical stability, enabling significantly higher interconnect density. These advantages will enable chip designers to develop high-density, high-performance packages for demanding applications such as artificial intelligence (AI).
How Is The Global Semiconductor Glass Market Segmented?
The semiconductor glass market covered in this report is segmented -
1) By Type: Borosilicate Based, Silicon Based, Ceramic Based, Silica Or Quartz Based, Other Types
2) By Application: Solar Battery, Light Emitting Device, Electronic Switch, Other Applications
3) By End Use: Electronics, Automotive, Medical, Aerospace And Defense, Solar
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How Is The Competitive Landscape Of The Global Semiconductor Glass Market?
Major companies operating in the semiconductor glass market are LG Electronics Inc., Compagnie de Saint-Gobain, Heraeus Holding GmbH, Shin-Etsu Chemical Co. Ltd., AGC Inc., Corning Incorporated, TCL Technology Group Corporation, Tosoh Corporation, Hoya Corporation, SCHOTT AG, Nippon Electric Glass Co. Ltd., Rubicon Technology Inc., Edmund Optics Inc., OHARA Inc., GT Advanced Technologies Inc., Silitech Technology Corporation, Plan Optik AG, Dynasil Corporation of America, JOLED Inc., Visionox Technology Inc.
Contents Of The Global Semiconductor Glass Market
1. Executive Summary
2. Semiconductor Glass Market Report Structure
3. Semiconductor Glass Market Trends And Strategies
4. Semiconductor Glass Market - Macro Economic Scenario
5. Semiconductor Glass Market Size And Growth
…..
27. Semiconductor Glass Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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