North America Gen 8.5 Substrate Glass Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The North American Gen 8.5 substrate glass market is experiencing significant growth, driven by the escalating demand for high-resolution displays and advanced electronic devices. Gen 8.5 refers to a specific size of glass substrates used in the production of large-sized LCD panels, commonly found in televisions and monitors. These substrates are essential for manufacturing displays with enhanced visual quality and larger screen sizes, catering to the consumer electronics industry's evolving preferences.
In recent years, the market has witnessed a surge in demand for larger and higher-resolution displays, particularly in the television segment. The proliferation of Ultra High Definition (UHD) TVs and the increasing consumer preference for larger screen sizes have been pivotal in driving this trend. According to industry reports, the North America glass substrate market is projected to grow from USD 7.1 billion in 2023 to USD 8.4 billion by 2028, at a compound annual growth rate (CAGR) of 3.5%. This growth is largely attributed to the rapid advancements in electronic devices and display technologies, with the North American market playing a significant role in this expansion. citeturn0search2
Industries across North America are increasingly relying on Gen 8.5 substrate glass to meet the evolving requirements of modern electronic devices. The electronics sector, in particular, is a major consumer of these substrates, utilizing them in the production of semiconductors, LCDs, and display panels. The demand for high-quality glass substrates is further fueled by the integration of advanced technologies such as Heads-up Displays (HUDs), infotainment systems, and advanced driver assistance systems (ADAS) in the automotive industry. Additionally, the medical sector's need for durable and optically clear substrates for diagnostic equipment and imaging devices contributes to the market's growth. citeturn0search3
Leading manufacturers in the North American Gen 8.5 substrate glass market are focusing on technological advancements and capacity expansion to meet the increasing demand. Companies are investing in research and development to enhance the quality and performance of glass substrates, ensuring they meet the stringent requirements of various industries. The market's competitive landscape is characterized by the presence of key players such as Corning Incorporated, AGC Inc., and Schott AG, who are actively involved in the production and supply of Gen 8.5 substrate glass. citeturn0search4
In summary, the North American Gen 8.5 substrate glass market is poised for substantial growth, driven by the escalating demand from the electronics, automotive, and medical industries. The continuous advancements in display technologies and the increasing consumer preference for larger, high-resolution displays are expected to further propel the market's expansion in the coming years. North America Gen 8.5 Substrate Glass Market.
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Corning
NEG
AvanStrate
Schott
AGC
Caihong Display Devices
Dongxu Optoelectronic Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Gen 8.5 Substrate Glass Market
Smartphones
Tablets and Laptops
TVs
Other
Based on Types the Market is categorized into Below types that held the largest Gen 8.5 Substrate Glass market share In 2023.
Curved Glass
Flat Glass
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Gen 8.5 Substrate Glass Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Gen 8.5 Substrate Glass Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Gen 8.5 Substrate Glass Market, By Type
6. North America Gen 8.5 Substrate Glass Market, By Application
7. North America Gen 8.5 Substrate Glass Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Gen 8.5 Substrate Glass Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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