Glass Substrate Market by Type (Borosilicate-Based Glass Substrates, Ceramic-Based Glass Substrates, Fused Silica & Quartz-Based Glass Substrates), Category (Specialty Glass Substrates, Tinted Glass Substrates, Transparent Glass Substrates), Diameter, End
Description
Glass Substrate Market by Type (Borosilicate-Based Glass Substrates, Ceramic-Based Glass Substrates, Fused Silica & Quartz-Based Glass Substrates), Category (Specialty Glass Substrates, Tinted Glass Substrates, Transparent Glass Substrates), Diameter, End-Use Industry - Global Forecast 2024-2030
The Glass Substrate Market size was estimated at USD 14.56 billion in 2023 and expected to reach USD 15.30 billion in 2024, at a CAGR 5.73% to reach USD 21.51 billion by 2030.
The glass substrate market comprises the production, sales, and supply chain aspects of high-quality, thin glass sheets utilized in various sectors such as electronics, solar energy, automotive, and construction. These substrates are essential for manufacturing display panels for consumer electronics such as televisions, smartphones, tablets, and laptops. Additionally, they are employed in solar panels for photovoltaic cells and automotive windows with integrated technologies. The rapid expansion of the semiconductor industry and increasing use of LCDs in consumer durables and smartphones, driving demand for higher-resolution displays and sleeker designs, is fueling the development of the glass substrate market. Moreover, the manufacturing of multilayer glass substrates is the complexity involved in maintaining uniformity and precision throughout the process, and the capital-intensive nature of glass substrate manufacturing processes is restricting the market growth. Rising technological advancements and product innovations in glass substrate are creating growth opportunities in the market. In addition, rising Investment in the renewable energy sector has increased demand for glass substrates in solar panel manufacturing, which is expected to propel market expansion in the forthcoming years.
Regional Insights
The United States holds a significant position in the glass substrate market in the Americas due to its advanced technology infrastructure and high adoption rate of smart devices such as smartphones, tablets, laptops, and televisions. In recent years, Latin America has also witnessed increasing demand for glass substrates driven by the growing middle-class population with higher disposable incomes that they spend on consumer electronics and other luxury goods. Automotive displays are another key driver for increased demand for glass substrates in the Americas, with major automobile manufacturers investing heavily in R&D efforts to develop smart displays that improve user experiences. The EMEA region shows a mixed trend regarding demand for glass substrates. While Europe continues to be a major player with strong R&D capabilities and innovations in display technologies, including organic light-emitting diodes (OLEDs), or MicroLEDs, there has been a gradual shift towards Asia-Pacific countries such as China for production purposes due to cost advantage. Automotive displays are another key driver for increased demand for glass substrates in Europe, with major automobile manufacturers investing heavily in R&D efforts to develop smart displays that improve user experiences. The APAC region is continuously growing in both the production and consumption of glass substrate products. Countries such as China, India, South Korea, Japan, and Taiwan are among the largest producers of glass substrates due to their strong manufacturing capabilities and skilled labor force. The rapid development of the consumer electronics industry, including smartphones, tablets, laptops, and smart TVs, primarily drives the demand for glass substrates in Asia-Pacific. In addition to consumer electronics, the solar energy sector has emerged as a key end-use industry contributing to the growth of the region's glass substrate market.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Glass Substrate Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing Use of LCDs in Consumer Durables and Smartphones
- Rising Demand From Semiconductor Industry
- Market Restraints
- Capital Intensive Manufacturing Process
- Market Opportunities
- Rising Technological Advancements and Product Innovations in Glass Substrate
- Favorable Investment Landscape in Renewable Energy Sector
- Market Challenges
- Technical Issues in Manufacturing of Multilayer Substrates
- Market Segmentation Analysis
- Type: Increasing utilization of borosilicate-based glass substrates due to its chemical resistance and thermal shock properties
- Category: Emerging applications of transparent glass substrates in photovoltaic industry
- End-Use Industry: Surging use of glass substrate with electric vehicle deployment in the automotive sector
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glass Substrate Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glass Substrate Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Strategic Collaboration by Samsung Group for Advancement in Glass Core Substrates
Samsung Group's subsidiaries are uniting their efforts to invest in the research and development of Glass Core Substrates (GCS). This initiative aims to accelerate the commercialization of GCS to compete effectively with Intel, which currently leads this emerging technology sector. Through this collaborative endeavor, Samsung aspires to enhance its market position by leveraging collective expertise and resources to foster innovation and achieve technological breakthroughs in glass substrate technologies.
Daifuku to Conduct Merger by Absorption of Wholly Owned Subsidiary
Daifuku Co., Ltd. has announced a merger by absorption of its wholly owned subsidiary, Iwasaki Seisakusho Co., Ltd. This merger aims to consolidate management resources within the Group and enhance the efficiency of organizational operations. This acquisition enabled Daifuku to leverage Iwasaki Seisakusho's strengths in liquid crystal glass substrate storing wire cassettes and peripheral devices for flat-panel displays (FPDs).
SCHOTT Strengthens Glass Substrate Portfolio, Allowing Advanced Semiconductor Packaging for the Age of AI
SCHOTT AG, the international technology group, supports the integrated circuit (IC) industry in advancing the pace of Moore's Law with high-quality glass substrates. The company has announced a three-point action plan to increase the supply of its glass substrates for advanced packaging. This plan includes researching, upgrading, and investing in new materials, which enable semiconductor experts to create high-end packaging with more flexibility.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glass Substrate Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Glass Substrate Market, highlighting leading vendors and their innovative profiles. These include AGC Inc., Applied Materials, Inc., AvanStrate Inc., Codex International, Compagnie de Saint-Gobain S.A., Coresix Precision Glass, Inc., Corning Incorporated, Coursen Coating Labs. Inc., GAGE-LINE TECHNOLOGY, INC., Hoya Corporation, Koch Industries, Inc., Kyodo International, Inc., Merck KGaA, MTI Corporation, Nippon Sheet Glass Company, Limited, Ohara Inc., Ossila Ltd., Otto Chemie Pvt. Ltd., Plan Optik AG, Resonac Holdings Corporation, Schott AG, Specialty Glass Products, Swift Glass Company, Sydor Optics, Techinstro, and Viracon.
Market Segmentation & Coverage
This research report categorizes the Glass Substrate Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Borosilicate-Based Glass Substrates
- Ceramic-Based Glass Substrates
- Fused Silica & Quartz-Based Glass Substrates
- Silicon-Based Glass Substrates
- Category
- Specialty Glass Substrates
- Tinted Glass Substrates
- Transparent Glass Substrates
- Diameter
- 100 mm
- 150 mm
- 200 mm
- Display Technology
- Electronics Packaging
- Microelectromechanical Systems
- Photonics
- 300 mm & above
- Advanced Display Panels
- Optoelectronics
- Semiconductor Manufacturing
- Sensors
- Custom Diameters
- End-Use Industry
- Aerospace & Defense
- Automotive
- Electronics
- Semiconductor
- Medical
- Solar Power
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
181 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing Use of LCDs in Consumer Durables and Smartphones
- 5.1.1.2. Rising Demand From Semiconductor Industry
- 5.1.2. Restraints
- 5.1.2.1. Capital Intensive Manufacturing Process
- 5.1.3. Opportunities
- 5.1.3.1. Rising Technological Advancements and Product Innovations in Glass Substrate
- 5.1.3.2. Favorable Investment Landscape in Renewable Energy Sector
- 5.1.4. Challenges
- 5.1.4.1. Technical Issues in Manufacturing of Multilayer Substrates
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing utilization of borosilicate-based glass substrates due to its chemical resistance and thermal shock properties
- 5.2.2. Category: Emerging applications of transparent glass substrates in photovoltaic industry
- 5.2.3. End-Use Industry: Surging use of glass substrate with electric vehicle deployment in the automotive sector
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Glass Substrate Market, by Type
- 6.1. Introduction
- 6.2. Borosilicate-Based Glass Substrates
- 6.3. Ceramic-Based Glass Substrates
- 6.4. Fused Silica & Quartz-Based Glass Substrates
- 6.5. Silicon-Based Glass Substrates
- 7. Glass Substrate Market, by Category
- 7.1. Introduction
- 7.2. Specialty Glass Substrates
- 7.3. Tinted Glass Substrates
- 7.4. Transparent Glass Substrates
- 8. Glass Substrate Market, by Diameter
- 8.1. Introduction
- 8.2. 100 mm
- 8.3. 150 mm
- 8.4. 200 mm
- 8.5. 300 mm & above
- 8.6. Custom Diameters
- 9. Glass Substrate Market, by End-Use Industry
- 9.1. Introduction
- 9.2. Aerospace & Defense
- 9.3. Automotive
- 9.4. Electronics
- 9.5. Medical
- 9.6. Solar Power
- 10. Americas Glass Substrate Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Glass Substrate Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Glass Substrate Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Strategic Collaboration by Samsung Group for Advancement in Glass Core Substrates
- 13.3.2. Daifuku to Conduct Merger by Absorption of Wholly Owned Subsidiary
- 13.3.3. SCHOTT Strengthens Glass Substrate Portfolio, Allowing Advanced Semiconductor Packaging for the Age of AI
- 13.3.4. Intel Launches Novel Glass Substrates to Enable More Powerful Compute
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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