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Glass Substrate Market Size, Trends & Analysis – Forecasts To 2025


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Title: Glass Substrate Market Size, Trends & Analysis – Forecasts To 2025

CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing glass substrate
market Market Insights The global glass
substrate market is anticipated to witness a
lucrative growth over the forecast period due to
its increased application across different
industry verticals. Factors such as increased
demand for laptops, televisions, and smartphones
coupled with rising use of hard disk drive in
cloud applications are anticipated to boost the
market growth over the coming years. Glass
substrates are the individual plies of glass used
to fabricate glass units. Glass substrates allow
the panel manufacturers to innovate for thinner,
lighter, and more environmentally conscious
display panels. The manufacturers are
increasingly emphasizing on products which
contain no added heavy metals, to reduce the
environmental impact of manufacturing. However,
the growing trend of flexible display might lead
to a shift from glass substrates to plastic
substrates such as polyimide. This, in turn, is
likely to hinder the market growth over the
coming years.
Product Insights The glass substrate market is
divided into Panel and Wafer, based on product.
Panel glass substrate segment is projected to
grow at a flourishing rate as it serves
manufacturing requirements for various
applications such as organic EL, colour filters,
liquid crystal, touch panels, and cover
glass. Wafer glass substrates find its extensive
applications in semiconductor industry. The
demand for wafer glass substrates is likely to
increase over the coming years as it offers lower
micro roughness and smoothness than mechanically
polished glass materials.
CONSULTANTS Application Insights The glass
substrate market is segmented into application
which is further segmented into storage
transportation, medical life sciences, consumer
electronics, defence aerospace, IT
telecommunication, and others. With the
improvement in technology, the demand for glass
substrate is expected to grow at high rate in
the forecast period. Flexible antennas are used
for wireless sensor applications such as
aerospace, mobile, communications, medical, and
automotive among others. There is a huge demand
of such antennas which improve communication.
Glass substrate is a suitable material for
antennas as it has a low thermal expansion and
its resistance towards almost all
chemicals. Glass substrate is used in automotive
industry for high-end, glass enabled features.
These are the tough and light weight material
for windows and sunroofs, which helps in making
the light weight which in turn improves its fuel
efficiency. The other products that are
incorporating glass substrate are colourful
aesthetic outlines, next-generation speakers,
and windows among others. LCD glass substrate is
a special glass used for thin film transistor
(TFT). In order to accurately display visuals on
the televisions, thin glass substrate is used in
the manufacturing. An LCD panel holds various
components in a number of layers such as
polarizer, colour filter and liquid crystal
layer, hence the extremely thin glass substrate
helps it in maintaining its thickness. End use
landscape The end-use landscape includes a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase products
from global glass substrate market. The leading
companies are Schoff, Conning, AGC, Plan Optik,
and Technisco among others.
  • Regional Insights
  • North America is expected to dominate the market
    due to its fast developing and continuously
    improving technology. Schott is worlds leading
    company in supplying thin glass substrate which
    is located in North America. They provide thin
    glass and speciality materials to improve how
    people live and work. Asia Pacific region is
    expected to witness a significant growth in this
    market due to the growth in adoption of
    technology by the people.
  • Competitor Analysis
  • The competitors in the market are few due to
    strong competition among the top few companies
    such as Hoya, Technology players, Western
    Digital and Seagate. Major factors leading to
    rise in the demand for glass substrate are
    stable laptop/PCs market, and the use of hard
    disk drive in cloud applications. The other
    competitors are 3D micromac, Medimate Minilab,
    Micralyn, Translume, Bosch, Bullen, Himax,
    Hitachi, and Silicon Sensing, among others.
  • The report segments the Glass Substrate Market on
    the basis of By Product
  • Wafer
  • Panel
  • By Application
  • Storage Transportation
  • Medical Life Sciences
  • Consumer Electronics

  • By Application
  • BFSI
  • Consumer Goods Retail
  • Government Public Sector
  • Healthcare Life Sciences
  • Manufacturing
  • Media Entertainment
  • Telecommunication
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa
  • This article contains text from the Glass
    Substrate Market Size, Trends Analysis
    Forecasts To 2025report prepared by Global
    Market Estimates. For more information or to buy
    the report, please visit https//www.globalmarket

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