The semiconductor glass global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Semiconductor Glass Market, 2024The semiconductor glass global market report 2024
Market Size –
The semiconductor glass market size has grown steadily in recent years. It will grow from $5.78 billion in 2023 to $6.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to the increasing use of photomasks, rising use of flat panel displays (FPDs), growth in data centers, increasing integration of electronics in vehicles, and increasing focus on sustainability and energy efficiency.
The semiconductor glass market size is expected to see steady growth in the next few years. It will grow to $7.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the increasing use of wearable health monitors and biomedical devices, growth of renewable energy technologies, increasing demand for high-performance electronics, growing healthcare sector, and increasing expansion of the Internet of Things (IoT). Major trends in the forecast period include growth in semiconductor demand, advancements in glass technology, focus on miniaturization, sustainability and recycling initiatives, and integration of advanced coatings.
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Scope Of Semiconductor Glass MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Semiconductor Glass Market Overview
Market Drivers –
The increasing demand for consumer electronics is projected to drive the growth of the semiconductor glass market in the future. This rise in the adoption of consumer electronics is fueled by a growing need for smart, connected devices and technological advancements. Semiconductor glass enhances display clarity and supports advanced functionalities, which is essential for high-performance and high-resolution screens. For example, in January 2023, LG Corporation, a South Korea-based consumer electronics and home appliances company, reported that it exceeded $60 billion in revenue for the first time in its annual financial report for 2022, marking a 12.9% increase from 2021. This growth is largely attributed to high demand for premium home appliances and automotive parts, with the appliance business unit showing significant year-over-year growth for the seventh consecutive year. Therefore, the increasing demand for consumer electronics is propelling the semiconductor glass market’s growth, with further advancements expected through 2024 and into 2028.
Market Trends –
Major companies operating in the semiconductor glass market are developing advanced ultra-low-flatness glass solutions to enhance precision and performance in semiconductor manufacturing. Advanced ultra-low-flatness glass solutions refer to high-precision glass substrates with minimal surface deviations, crucial for semiconductor manufacturing where even minor imperfections can affect performance and yield. For instance, in September 2023, Intel Corporation, a US-based manufacturer of semiconductor computer circuits, launched a new glass substrate technology for next-generation advanced chip packaging. This glass features ultra-low flatness and enhanced thermal and mechanical stability, enabling significantly higher interconnect density. These advantages will enable chip designers to develop high-density, high-performance packages for demanding applications such as artificial intelligence (AI).
The semiconductor glass market covered in this report is segmented –
1) By Type: Borosilicate Based, Silicon Based, Ceramic Based, Silica Or Quartz Based, Other Types
2) By Application: Solar Battery, Light Emitting Device, Electronic Switch, Other Applications
3) By End Use: Electronics, Automotive, Medical, Aerospace And Defense, Solar
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Regional Insights –
Asia-Pacific was the largest region in the semiconductor glass market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are LG Electronics Inc., Compagnie de Saint-Gobain, Heraeus Holding GmbH, Shin-Etsu Chemical Co. Ltd., AGC Inc., Corning Incorporated, TCL Technology Group Corporation, Tosoh Corporation, Hoya Corporation, SCHOTT AG, Nippon Electric Glass Co. Ltd., Rubicon Technology Inc., Edmund Optics Inc., OHARA Inc., GT Advanced Technologies Inc., Silitech Technology Corporation, Plan Optik AG, Dynasil Corporation of America, JOLED Inc., Visionox Technology Inc.
Table of Contents
1. Executive Summary
2. Semiconductor Glass Market Characteristis
3. Semiconductor Glass Market Trends And Strategies
4. Semiconductor Glass Market – Macro Economic Scenario
5. Global Semiconductor Glass Market Size and Growth
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32. Global Semiconductor Glass Market Competitive Benchmarking
33. Global Semiconductor Glass Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Semiconductor Glass Market
35. Semiconductor Glass Market Future Outlook and Potential Analysis
36. Appendix
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