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.
Competitive Landscape
Some of the major key players in the 5G substrate materials market are:
- 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,
- Ventec International Group
Market Segmentation:
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.
Based On The Application, The Smartphones 5G Substrate Materials Market Segment Is Accounted As A Major Contributor To The 5G Substrate Materials Market
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.
Ceramics Segment To Witness Growth At A Rapid Rate
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.
In The Region, The North American 5G Substrate Materials Market Holds A Significant Revenue Share
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.
5G Substrate Materials Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 0.23 Bn |
|
Revenue Forecast In 2031 |
USD 1.60 Bn |
|
Growth Rate CAGR |
CAGR of 24.8 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, Volume (Tons) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Application, By Process, By Mining Equipment, By Energy Source |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
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. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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