BIS Research Study Highlights the Global 5G Substrate Materials Market to Reach $1624.3 Million by 2031
The Global 5G Substrate Materials Market is expected to reach $1624.3 Million by 2031, revealing the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 24.1% during the forecast period from 2021-to 2031.
One of the main hardware required for 5G end-user applications is an active antenna system. These active antenna systems enable the concept of remote radio head by integrating the antenna and meeting 5G challenges of enhanced capacities using space diversity and localized beams via massive multiple-input multiple-output (MIMO) technology.
These MIMOs are used in 5G base stations and smartphones. These antennas are made of printed circuit boards PCB that use various substrate materials such as polytetrafluoroethylene (PTFE), polyimide (PI), liquid crystal polymer (LCP), ceramics, and glass. These materials are used as they have a low dielectric constant (DK), low dissipation factor (Df), high moisture absorption, and low manufacturing costs.
The detailed study is a compilation of 80 Market Data Tables and 11 Figures spread through 135 Pages and in-depth TOC on Global 5G Substrate Materials Market – Analysis and Forecast,
Impact of COVID-19 on Global 5G Substrate Materials Market
Increasing issues such as delay in raw materials supply and lack of workforce, along with the economic impact from coronavirus, have now brought the potential roll-out of 5G in various countries of the world to a halt. The European countries have delayed the frequency auction for 5G networks across much of the region. Major European countries such as France, Spain, and Austria have postponed their 5G spectrum allocation to mid-2021, which was supposed to be at the beginning of 2020. Due to the COVID-19 situation, European countries and North American countries are witnessing cash flow issues and unclear revenue prospects leading to cutbacks of their technology deployment plans. These market scenarios have impacted the consumption of 5G substrate materials.
Analyst’s Take on the Market
According to Shivam Priyadarshi, Principal Analyst, BIS Research, “The 5G substrate materials are an essential part of the 5G infrastructure. These materials play a key role in making 5G devices more efficient and reliable. With the increasing adoption of 5G technology, ample opportunities are expected for substrate manufacturer in the coming years.”
View the Report from BIS Research:
Key Companies Operating in the Market and Competition Landscape
Asahi Glass Company (AGC) Inc, Daikin Industries, DuPont de Nemours, 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, Taiwan Union Technology Corporation, Ventec International Group are some of the major players operating in the 5G substrate materials market.
The 5G substrate materials manufacturers have adopted many strategies aimed at strengthening their position in the global 5G substrate materials market and gaining an edge over their competitive companies. Also, certain companies enter into partnerships, collaborations, and joint ventures to establish their presence in the market.
The segment provides details about the competitive strength of the key players operating in the market. For instance, Asahi Glass Company (AGC) Inc, established in 1907, is one of the leading chemicals and materials manufacturing companies globally.
Market Segmentation of Global 5G Substrate Materials Market
Application: 5G smartphone industry is one of the most significant end-use applications of advanced substrate materials. 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. Companies are developing more advanced and compact-sized antennas that work on the 5G frequency spectrum. With a growing number of smartphone users, the demand for substrate material is also expected to grow in this application.
Product: In the emerging 5G era, 5G infrastructure and component materials are in high demand in the market. Organic laminates cover thermosetting insulating materials used in flexible copper-clad laminates and rigid copper-clad laminates as raw materials for circuit boards. Organic laminates consist of polytetrafluoroethylene (PTFE), liquid crystal polymer (LCP), polyimide (PI), polyether ether ketone (PEEK), and other substrate materials used in the realization of 5G technology. These materials find their applications in various end-use applications such as smartphones and base station antennas.
Region: 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.
Request for a Sample:
Key Questions Answered in the Report
• Which factors are expected to impact the global 5G substrate materials market?
• What is the global 5G substrate materials market size in terms of revenue from 2021 to 2031?
• How much revenue is expected to be generated by different types of 5G substrate materials?
• Which 5G substrate materials application is expected to be dominant in the forecast period 2021-2031?
• Which companies are the major players in the global 5G substrate materials market, and what are the key market strategies adopted by them?
BIS Research Related Market Studies:
Global 5G Antenna Market – Analysis and Forecast, 2020-2025
About BIS Research
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
Contact:
Bhavya Banga
Email: media@bisresearch.com
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch
View the report: https://bit.ly/34D77cK
Download the sample report: https://bit.ly/3ryBkTe