Display glass substrate is a special glass used for thin-film-transistor (TFT) liquid crystal displays (LCD) and OLEDs, which form the display area of products including LCD televisions, personal computers and mobile phones. An LCD panel consists of various components stacked in a number of layers. These components include a polarizer, a color filter and a liquid crystal layer, with the glass substrate being the most important.
The global market for Display Glass Substrates is projected to cross 445.7 million square meters by the end of year 2017, and the Global Display Glass Substrates market will grow to 594.5 million square meters in the end of 2025, at a CAGR of 3.67% over the period 2017-2025. One of the major drivers in this market is the use of LCDs in many devices, such as smartphones, tablets, TVs, and PCs. As CRT becomes less and less popular, LCD has become the main technology used in many devices, especially portable ones. This is due largely to the reduction in device size and size of display panels, and because the demand for high-quality display has been increasing.
One of the trends in this market is the reduced thickness of Display Glass Substrates. Vendors are focusing on manufacturing light and thin glass substrates to reduce the thickness of devices that use them. Another major trend is increased innovations in technology.
The market is largely limited to a few Asian countries such as Korea, Taiwan and Japan, as these countries form the main manufacturing hub for high quality glass substrates, one of the core elements used in making LCD panels. However, with the entry of few domestic players in the LCD manufacturing scenario, China is rapidly emerging as a strong contender in the substrates market. Strong entry barriers such as high capital and complex technology requirements further hinder new players from entering the market.
The market concentration of Display Glass Substrates is very high, top 3 players occupy near 88.26% of the global market. Corning enjoys the largest market share in 2017, followed by AGC, NEG. And Tonghsu Group is the largest producer in China, accounting for over 5% of global market.
According to this study, over the next five years the Display Glass Substrate market will register a 0.5% CAGR in terms of revenue, the global market size will reach US$ 640 million by 2024, from US$ 620 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Display Glass Substrate business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Display Glass Substrate market by product type, application, key manufacturers and key regions and countries.
This study considers the Display Glass Substrate value and volume generated from the sales of the following segments:
Global Display Glass Substrate Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Display Glass Substrate Industry report also provides essential attributes associated with Display Glass Substrate market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Display Glass Substrate Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Display Glass Substrate business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Display Glass Substrate market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
The prospective of this Display Glass Substrate industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Display Glass Substrate present market share and future prospects of the segment in terms of has also been explored in this report.
Global Display Glass Substrate market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Display Glass Substrate report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Display Glass Substrate Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.