Increasing deployment of 5G network across different countries across the globe is expected to drive the growth of global 5G substrate materials market during the forecast period.
According to TechSci Research report, “5G Substrate Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global 5G Substrate Materials Market is projected to increase at an impressive rate in the forecast period. Liquid crystal polymers, polytetrafluoroethylene, and polyimide have been suggested as the ideal high-performance millimeter wave substrates and packing materials due to their remarkable features.
Due to the diverse applications of substrate materials in the 5G smartphone, an essential piece of hardware used in a smartphone in an active antenna system is expected to drive the market growth. These dynamic systems integrate the antenna and use large multiple-input multiple-output technology to address 5G technology related concerns like increased capacity and localized beams. Mobile devices and 5G base stations both utilize massive multiple-input multiple-output. Printed circuit boards, which feature substrates consisting of glass, ceramics, polytetrafluoroethylene, polyimide, and liquid crystal polymers, among others, are used to create these antennas. Due to their low dielectric constant, low dissipation factor, high moisture absorption, and low cost of manufacture, these materials are used.
However, delays in spectrum allocation and deployment can hamper the growth of global 5G substrate materials market. Besides, slower transition from older communication generation to 5G technology is expected to slow down the market growth.
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Global 5G Substrate Materials Market can be segmented based on material, application, and region.
Based on application, the market can be grouped into smartphones, base stations, and others. The smartphones segment is expected to dominate the market during the forecast period. This can be ascribed to the growing number of smartphones users worldwide. New 5G smartphones require 4X4 multiple-input and multiple-output (MIMO), 8×8 MIMO, or even more complex MIMO antenna arrays to work on the mm-wave frequency range.
Asia Pacific region is expected to register highest growth in the Global 5G Substrate Materials Market in the upcoming years due to growing number of smartphone users in the region. Additionally, increasing 5G deployment in the region especially in countries like China and India is expected to create lucrative opportunities for the market growth.
Major companies operating in Global 5G Substrate Materials Market are:
- Asahi Glass Company Inc
- Dupont De Nemours Inc
- Kaneka Corporation
- Panasonic Corporation
- Avient Corporation
- Taiwan Union Technology Corporation.
- Sumitomo Chemical Co. Ltd
- Rogers Corporation
- Kuraray Co. Ltd.
- Showa Denko Materials Co. Ltd.
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“The growing demand for 5G substrate materials from various end user industries such as telecommunication, automotive, industry 4.0 solutions, among others is expected to spur the growth of global 5G substrate materials market during the forecast period. Besides, growing investments toward the adoption and deployment of 5G communication across the globe are further expected to support the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“5G Substrate Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Materials (Polytetrafluoroethylene, Polyimide, Liquid Crystal Polymer, Others), By Application (Smartphones, Base Station, Others), By Region, and Competition has evaluated the future growth potential of Global 5G Substrate Materials Market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global 5G Substrate Materials Market.”
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