The global semiconductor glass market size is set to enter a phase of accelerated expansion on account of the speedily rising adoption of mobile phones worldwide, states Fortune Business Insights™ in its report, titled “Semiconductor Glass Market Size, Share & Industry Analysis, By Substrates (Borosilicate-based, Silicon-based, Ceramic-based, Fused Silica/Quartz-based, Others), By Application (Solar Battery, Light Emitting Device, Electronic Switch, Other), By End Use (Electronics, Automotive, Medical, Aerospace & Defense, Solar) and Regional Forecast, 2024-2032”. According to a recent study by the Pew Research Center, of the more than 5 billion mobile phone users today, over 2.5 billion use smartphones. Across the 18 developed economies surveyed by Pew, a median of 76% own smartphones, while in emerging economies the median was found to be at 45%. The disparities notwithstanding, the study indicates the strong penetration and proliferation of smartphone usage worldwide. Semiconductor glass wafers are crucial components in the manufacturing and functioning of electronic devices as these materials act as a carrier substrate that allow the safe handling of semiconductors, which have a thin, delicate structure. Thus, the widening uptake of consumer electronics, especially smartphones, is expected to open new growth avenues for this market.
List of Key Players Covered in the Semiconductor Glass Market Report:
Visionox Company
TCL Technology
GTAT Corporation
Shin-Etsu Chemical Co.
AGC Inc.
Sumco Corporation
Siltronic AG
LG Electronics
Corning Incorporated
JOLED Inc.
Restraining Factor
US-China Tech War May Restrict Market Growth
The semiconductor glass market growth is likely to get impeded by the on-going trade and tech war brewing between the US and China. Expounding the possibility of Chinese tech companies spying on the US, the Trump administration began imposing tariffs on Chinese goods worth USD 200 billion in 2018. In September 2020, the US government went a step further and announced its plans of imposing export quotas on China’s largest semiconductor producer, Semiconductor Manufacturing International Corporation. According to a letter drafted by the electronics industry group, SEMI, tightening of restrictions on Chinese tech giants such as Huawei will create massive disruptions in the global semiconductor supply chains and have a severe impact on the US technological landscape. These restrictions will have a spillover effect on the market for semiconductor glasses as the adoption of these materials is critically linked to the larger semiconductor industry. Furthermore, the coronavirus outbreak has already disrupted global trade dynamics and the recent discovery of a new strain of the virus will inevitably raise panic and force countries to be extra cautious. Together, these developments will hamper the growth of this market in the immediate future.
Regional Insights
Strong Presence of Semiconductor Manufacturers to Propel the Asia Pacific Market
Geographically, Asia Pacific is expected to lead the semiconductor glass market share in the forthcoming years due to the robust presence and operations of semiconductor companies, mainly in China and Taiwan. Moreover, a rapidly expanding consumer electronics industry, particularly in Southeast Asia, will generate multiple opportunities for market players.
North America is set to occupy the second-largest position in the global market, backed by the extensive production and utilization of microchips in the US. In Europe, the major growth driving factors will be the steadily rising investments by EU countries in renewable energy sources and rollout of 5G infrastructures in the region’s dominant economies.
Source: https://www.fortunebusinessinsights.com/semiconductor-glass-market-103400
What Does the Report Offer?
Unrivalled evaluation of all possible segments of the market;
Microscopic assessment of the key players’ profiles and strategies;
Granular analysis of the market trends, drivers, and constraints; and
Actionable regional insights and research into market opportunities.
Competitive Landscape
Development of Solutions for Advanced Technologies to be a Key Feature of the Market
With technologies undergoing constant evolution, key players in this market are shifting their focus towards engineering solutions that can tap the opportunities spawned by advancements such as virtual reality. The arrival of these technologies has been a boon for the semiconductor industry and markets associated with it as they have pushed companies to innovate and diversify their offerings.
Industry Development:
May 2019: Corning Incorporated announced the development of a glass wafers having a diameter of 300 millimeters in select refractive indexes. Designed and optimized for augmented reality, the new wafers boast the largest size of refractive indexes available in the market and are expected to reduce manufacturing costs for semiconductor producers.