Press release
Semiconductor Glass Market to Hit $7.84 Billion by 2030, Growing at 3.7% CAGR
Semiconductor Glass Market
The global semiconductor glass market, valued at USD 6.08 billion in 2023, is projected to reach USD 7.84 billion by 2030, growing at a CAGR of 3.7%. This growth is fueled by the increasing demand for advanced electronic devices, innovations in semiconductor manufacturing, and strategic investments across key regions.
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► Competitive Landscape and Regional Demand
The semiconductor glass market is characterized by the presence of major players such as AGC Inc., Corning Incorporated, HOYA Corporation, SCHOTT AG, and Nippon Sheet Glass Co., Ltd. These companies are focusing on developing advanced glass substrates to meet the evolving needs of semiconductor applications.
Asia Pacific holds the largest market share, driven by the strong presence of semiconductor manufacturers and high demand for electronics in countries like China, Japan, and South Korea. The region's focus on 5G, IoT, and AI technologies further propels the demand for semiconductor glass.
• United States: Growth and Consolidation
In the United States, the semiconductor glass market is experiencing significant growth, supported by government initiatives and private investments. The U.S. Commerce Department announced plans to grant $75 million to Absolics, a subsidiary of South Korea's SK Group, for constructing a facility in Georgia to produce advanced materials for the semiconductor industry. This facility will focus on glass substrates for advanced packaging, crucial for high-performance computing and defense applications.
Additionally, ON Semiconductor (onsemi) has been active in mergers and acquisitions to strengthen its position in the semiconductor market. Notably, onsemi completed the acquisition of Quantenna Communications in 2019 and GT Advanced Technologies in 2021, enhancing its capabilities in advanced materials and semiconductor technologies.
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• Asia Pacific: Opportunities and Trends
Asia Pacific dominates the semiconductor glass market, accounting for approximately 45% of the global revenue in 2023. The region's growth is attributed to the robust semiconductor manufacturing industry in countries like China, South Korea, and Taiwan.
South Korea's government enacted the K-CHIPS Act in March 2023, providing tax credits and streamlining regulations to boost the semiconductor industry. The country plans to invest about $470 billion over the next 23 years to build the world's largest semiconductor cluster in Gyeonggi Province, aiming to increase self-sufficiency in essential materials and equipment.
• Europe: Trends and Updation
Europe is witnessing steady growth in the semiconductor glass market, driven by increasing demand for electronics and investments in renewable energy and 5G infrastructure. Companies like SCHOTT AG and Nippon Sheet Glass Co., Ltd. are expanding their production capacities and investing in research and development to cater to the growing market.
In December 2023, SCHOTT AG invested in expanding its R&D location in Landshut, Germany, focusing on advanced glass materials for semiconductor applications. Similarly, Nippon Sheet Glass Co., Ltd. invested in transparent conductive oxide (TCO) glass production capacity in the U.S. to support the solar energy sector.
• Middle East and Africa: Emerging Opportunities
The Middle East and Africa region is expected to experience moderate growth in the semiconductor glass market due to increasing adoption of electronics and industrialization. The rapidly expanding consumer electronics industry, particularly in Southeast Asia, will generate multiple opportunities for market players.
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► Market Segmentation: In-Depth Analysis:
• by Type
Borosilicate Based
Silicon Based
Ceramic Based
Silica/Quartz Based
Others
• by Application
Solar Battery
Light Emitting Device
Electronic Switch
Others
The Semiconductor Glass Market is divided into segments based on application, such as electronic switches, light-emitting devices, and solar batteries. The semiconductor glass sector for solar batteries held the biggest market share in 2023. A particular kind of transparent solar panel with a light transmittance below 100% is called a semi-transparent solar panel. Providing efficient protection for both terrestrial and space photovoltaics is the primary objective of solar cell cover glasses in solar batteries. The use of photovoltaics is expanding both on Earth and in space as the world's electricity generation becomes more dependent on solar energy.
• by Category
Electronics
Automotive
Medical
Aerospace and Defense
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/semiconductor-glass-market/237520/
► Learn about the top players driving innovation in the Market :
• North America Semiconductor Glass Leading Players
1. Corning Incorporated (USA)
2. Rubicon Technology, Inc. (USA)
3. Wafer World, Inc. (USA)
4. II-VI Optical Systems (USA)
5. IDEX Health & Science LLC (USA)
6. Dynasil Corporation of America (USA)
7. GT Advanced Technologies (USA)
8. Edmund Optics (USA)
• Europe Semiconductor Glass Manufacturers
9. SCHOTT AG (Germany)
10. Plan Optik AG (Germany)
11. SwissOptic AG (Switzerland)
12. Saint-Gobain (France)
13. Heraeus Holding GmbH (Germany)
14. Others
• APAC Semiconductor Glass Companies
15. Shin-Etsu Chemical Co., Ltd. (Japan)
16. AGC Inc. (formerly known as Asahi Glass Co., Ltd.) (Japan)
17. Nippon Electric Glass Co., Ltd. (NEG) (Japan)
18. OHARA Inc. (Japan)
19. Tosoh Corporation (Japan)
20. Silitech Technology Corporation (Taiwan)
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