5G Substrate Materials Market Forecasts to 2028 – Global Analysis By Product (Organic Laminates, Glass, Ceramics), Application (Smartphones Antennas, Base Station Antennas, Automobile) and By Geography
According to Stratistics MRC, the Global 5G Substrate Materials Market is accounted for $187.48 million in 2021 and is expected to reach $758.50 million by 2028 growing at a CAGR of 22.1% during the forecast period. The substrate is a term that is used in materials science to illustrate the base material on which processing is carried out to manufacture new film or layers of material such as-deposited coatings. With all coating processes, the condition of the surface of the substrate can strongly affect the bond of subsequent layers. This can include cleanliness, smoothness, surface energy, moisture, etc. Some substrates are anisotropic with surface properties being different depending on the direction: examples include wood and paper products.
The high demand for 5g substrate materials from automotive radars
The raise in the number of smartphone operators is leading to a vast number of options available to the consumers and as a result, is leading to an increase in the number of internet subscribers each day. The era of digitalization is no doubt, leading to increased market value for smartphones and is anticipated to be a fueling factor for the global 5G substrate materials market.
The volatility in raw material prices
The instability in raw material prices as well as the various issues related to recyclability and reparability may act as key restraints towards the 5G substrate materials market growth rate during the forecast period. Rising and volatile raw material and commodity prices are affecting every industry, from supermarkets to white goods, electronics, and automotive. Materials suppliers struggle to make a profit; tier suppliers and OEMs (Original Equipment Manufacturers) find themselves torn between raising prices and suffering the cost increases.
The growing demand for nanotechnology
The increasing demand for nanotechnology and high-end computing system as well as the high demand from the medical industry will further offer a variety of growth opportunities for the 5G substrate materials market during the forecast period. The advent of the digital world has led to an increase in the demand for data and as a result, has imposed pressure on the installation of superior and vast numbers of 5G substrate materials to align the supply chain with the rising demand in the economy.
High cost of 5g substrate materials
The high cost of 5G substrates has the potential to threaten the growth of the 5G substrate materials market during the forecast period. Further, the limitations of current materials such as polyimides, liquid crystal polymers, and fluoropolymers, which have high dielectric constant and high prices, are driving R&D efforts to develop high-performing and cost-effective alternative materials such as glass or polymeric resins, including polyphenylene ether and polyphenylene sulfide resins.
The conventional seeds segment is expected to be the largest during the forecast period
Conventional substrates are difficult to produce, and high-quality substrates, capable of giving high production performance, are very expensive. However, these conventional methods are often labor-intensive and time-consuming and the rarity and randomness of significant mutations resulting in the emergence of desirable traits hinder the development of new commercial varieties.
Region with highest share:
The Asia Pacific is projected to hold the largest market share due to the rapid economic expansion as well as the rapidly rising end-use industries. China is the largest consumer of 5G substrate materials, majorly due to the growing number of 5G base stations and the presence of various smartphone manufacturers such as Huawei and Apple.
Region with highest CAGR:
Europe is projected to have the highest CAGR during the forecast period due to the steady shift of the manufacturing industry to countries with high demand and lower production costs.
Key players in the market:
Some of the key players profiled in the 5G Substrate Materials Market include AGC Inc, Daikin Industries, Ltd, DuPont, Showa Denko Materials Co., Ltd, Panasonic Corporation, Avient Corporation, Rogers Corporation, Sumitomo Chemical Co., Ltd, The Chemours Company(Teflon), Taiwan Union Technology Corporation, Ventec International Group, and ITEQ Corporation.
In November 2021: DuPont announced strategic actions to enhance portfolio for near and long-term value creation. Combined actions will strengthen DuPont's positions in high-growth, high-margin markets with a focus on electronics, industrial technologies and next generation automotive; accelerates top-line growth, strengthens operating EBITDA margins and significantly improves cross-cycle earnings stability.
In September 2021: Avient expanded 5G applications. The build out of the 5G network has just begun and requires a different physical hardware to support the super-high frequency of the technology.
In June 2020: AGC launched 5g-compatible 'glass antenna that adds cellular base station capabilities to windows'. With the aim of expanding 5G service areas, work has now completed on the development of glass antennas for DOCOMO that are compatible with the high frequency bands used in 5G.
• Organic Laminates
• Smartphones Antennas
• Base Station Antennas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.