5G Substrate Materials Market Size is valued at USD 0.23 billion in 2022 and is predicted to reach USD 1.60 billion by the year 2031 at a 24.8% CAGR during the forecast period for 2023-2031.
5G, the latest generation of communication infrastructure, is opening up revolutionary possibilities in fields as diverse as medicine, transportation, industry, and the armed forces. 5G has several benefits, such as density, speed (ten times faster than 4G), and latency (at least ten times lower than 4G). With 5G, the devices' performance, reliability, security, and service quality would significantly improve. Manufacturing 5G-specific devices will rely heavily on materials like polymers and ceramics due to the increasing number of 5G systems and technology rollouts. Materials with a low dielectric constant that are affordable and enhance antenna bandwidth and efficiency will be in high demand due to the requirement for multiple-input multiple-output (MIMO) antennas for 5G base stations. Furthermore, the 5G substrate materials market is expected to see numerous growth prospects because of the rising demand for nanotechnology, high-end computing systems, and the medical industry.
However, the market growth is hampered by the high-cost criteria for the safety and health of the 5G substrate materials market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high 5G substrate materials because the high cost of 5G infrastructure is the main factor slowing its development. Businesses and corporations need to put money into getting their firm 5G-enabled with the IoT.
The use of antennas and operational equipment with high frequencies is necessary for these services. The high price of 5G infrastructure is largely due to the high cost of materials. To function properly, mm-wave components must possess several desirable qualities, including a low dielectric constant, resistance to moisture, and minimal transmission losses. The COVID-19 epidemic has stretched the timelines for many projects, including installing base stations, auctioning off of frequency spectrum, and causing the expected drop in demand for 5G handsets.
The 5G substrate materials market is segmented based on application and product. Application segment includes smartphones, base stations, and others. By product, the market is segmented into organic laminates, liquid crystal polymer (LCP), polyimide, ceramics, and glass.
The smartphone 5G substrate materials market is expected to hold a major global market share in 2022. With smartphones, people can carry all their essential tools in their hands. Many things are possible with modern cell phones, including communication, entertainment, and navigation. Our smartphones also enable us to multitask, meaning we can do many things simultaneously and save time. The smartphone antennas category is expected to reign supreme in the worldwide 5G substrate materials market, leading by volume during the forecast period.
The ceramics industry makes up the bulk of 5G substrate materials usage because Ceramics provides some unique material properties and traits as compared to older, less technologically advanced non-ferrous materials like steel and plastic. Ceramics have several desirable qualities, such as resistance to wear and corrosion, high compressive strength, and electrical resistance, especially in countries like the US, Germany, the UK, China, and India.
The North American 5G substrate materials market is expected to register the highest market share in revenue in the near future. It can be attributed to because of monetary prosperity and technical progress. Factories are gradually moving to nations in the region with high demand and low production costs. In addition, Asia Pacific is projected to grow rapidly in the global 5G substrate materials market because of the area's booming economy, rapidly expanding end-use sectors, and competitive manufacturing costs.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 0.23 Bn |
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Revenue Forecast In 2031 |
USD 1.60 Bn |
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Growth Rate CAGR |
CAGR of 24.8 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Million, Volume (Tons) and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, By Process, By Mining Equipment, By Energy Source |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Asahi Glass Company (AGC) Inc., Daikin Industries, DuPont de Nemours Inc, Showa Denko Materials Co. Ltd., ITEQ Corporation, Kaneka Corporation, Kuraray Co. Ltd., Panasonic Corporation, Avient Corporation, Rogers Corporation, Sumitomo Chemical Co. Ltd., The Chemours Company, Toray Industries Inc., Taiwan Union Technology Corporation, and Ventec International Group. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global 5G Substrate Materials Market Snapshot
Chapter 4. Global 5G Substrate Materials Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Application Estimates & Trend Analysis
5.1. By Application, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Application:
5.2.1. Smartphones
5.2.2. Base Stations
5.2.3. Others
Chapter 6. Market Segmentation 2: By Product Estimates & Trend Analysis
6.1. By Product & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Product:
6.2.1. Organic Laminates
6.2.1.1. Polytetrafluoroethylene (PTFE)
6.2.1.2. Liquid Crystal Polymer (LCP)
6.2.1.3. Polyimide (PI)
6.2.1.4. Others
6.2.2. Ceramics
6.2.3. Glass
Chapter 7. 5G Substrate Materials Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) estimates and forecasts By Application, 2019-2031
7.1.2. North America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) estimates and forecasts By Product, 2019-2031
7.1.3. North America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) estimates and forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Application, 2019-2031
7.2.2. Europe 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Product, 2019-2031
7.2.3. Europe 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Application, 2019-2031
7.3.2. Asia Pacific 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Product, 2019-2031
7.3.3. Asia Pacific 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.4. Latin America
7.4.1. Latin America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Application, (US$ Million) 2019-2031
7.4.2. Latin America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Product, (US$ Million) 2019-2031
7.4.3. Latin America 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Application, (US$ Million) 2019-2031
7.5.2. Middle East & Africa 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) By Product, (US$ Million) 2019-2031
7.5.3. Middle East & Africa 5G Substrate Materials Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Asahi Glass Company (AGC) Inc.,
8.2.2. Daikin Industries,
8.2.3. DuPont de Nemours Inc,
8.2.4. Showa Denko Materials Co. Ltd.,
8.2.5. ITEQ Corporation,
8.2.6. Kaneka Corporation,
8.2.7. Kuraray Co. Ltd.,
8.2.8. Panasonic Corporation,
8.2.9. Avient Corporation,
8.2.10. Rogers Corporation,
8.2.11. Sumitomo Chemical Co. Ltd.,
8.2.12. The Chemours Company,
8.2.13. Toray Industries Inc.,
8.2.14. Taiwan Union Technology Corporation,
8.2.15. Ventec International Group
5G Substrate Materials Market By Application
5G Substrate Materials Market By Product
5G Substrate Materials Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
