Insights into Display Glass Substrate Market Share and Competitive Landscape for period from 2024 to 2031
The "Display Glass Substrate Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Display Glass Substrate market is expected to grow annually by 9.4% (CAGR 2024 - 2031).
This entire report is of 144 pages.
Display Glass Substrate Introduction and its Market Analysis
The Display Glass Substrate market research reports highlight the growing demand for advanced display technologies, driving revenue growth in the market. Display Glass Substrate is a key component in electronic displays, providing superior durability and image quality. Major factors driving growth include the increasing adoption of OLED and flexible display technologies. Key players in the market include Corning, AGC, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO, CGC, and LG Chem. The report identifies opportunities for market expansion through technological advancements and strategic partnerships. Recommendations include investing in research and development to enhance product offerings and expand market share.
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The Display Glass Substrate market is witnessing significant growth, with various types such as Gen. 8/8+, Gen. 7/, Gen. 6/6.5, Gen. 5/5.5, and Gen. 4/4- catering to different applications like Televisions, Monitors, Laptops, and Others. The market is segmented based on the size and thickness of the glass substrate used in display panels. Regulatory and legal factors specific to market conditions play a crucial role in shaping the growth of the industry. Factors such as government regulations on electronic waste management and environmental protection policies can impact the production and disposal of display glass substrates. It is essential for manufacturers to comply with these regulations to sustain their business and maintain a competitive edge in the market. Overall, the Display Glass Substrate market holds immense potential for growth, driven by technological advancements and the increasing demand for high-quality display panels in various electronic devices.
Top Featured Companies Dominating the Global Display Glass Substrate Market
The display glass substrate market is highly competitive with several key players dominating the industry. Some of the major companies operating in the display glass substrate market include Corning, AGC, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO, CGC, and LG Chem.
Corning, one of the leading players in the market, is known for its innovative Gorilla Glass technology, which is used in many smartphones and tablets. AGC, another major player, offers a wide range of display glass substrates for various applications. NEG has a strong presence in the market with its high-quality glass substrates for LCD panels.
Tunghsu Optoelectronic, AvanStrate, IRICO, and CGC are also key players in the display glass substrate market, providing high-performance glass substrates for electronic devices. LG Chem, a subsidiary of LG Group, is a major player in the market with its advanced display glass substrates.
These companies play a crucial role in the growth of the display glass substrate market by offering innovative products, investing in research and development, and expanding their product portfolio. They cater to the increasing demand for high-quality glass substrates in various electronic devices like smartphones, TVs, tablets, and laptops.
In terms of sales revenue, Corning reported sales of $ billion in 2020, while AGC reported sales of $12.4 billion in the same year. LG Chem, on the other hand, reported sales of $22.6 billion in 2020. These figures demonstrate the significant market presence and financial performance of these key players in the display glass substrate market.
- Corning
- AGC
- NEG
- Tunghsu Optoelectronic
- AvanStrate
- IRICO
- CGC
- LG Chem
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Display Glass Substrate Market Analysis, by Type:
- Gen. 8/8+
- Gen. 7/7.5
- Gen. 6/6.5
- Gen. 5/5.5
- Gen. 4/4-
Display glass substrate comes in various sizes and generations to fit different panel sizes and resolutions. Gen. 8/8+ is used for larger panels, while Gen. 7/ is suitable for medium-sized displays. Gen. 6/6.5 and Gen. 5/5.5 are commonly used in smaller devices such as smartphones and tablets. Gen. 4/4- is the smallest size and used in wearables and other compact devices. Having a wide range of options available helps manufacturers produce displays of various sizes and resolutions, ultimately boosting the demand for display glass substrates in the market.
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Display Glass Substrate Market Analysis, by Application:
- Televisions
- Monitors
- Laptops
- Others
Display glass substrates are used in electronic devices such as televisions, monitors, laptops, and other display screens. These substrates provide a stable and durable surface for the display components to function properly. They are composed of a thin layer of glass that is carefully manufactured to ensure high resolution and image quality. The fastest-growing application segment in terms of revenue is the smartphone market, as the demand for high-quality, energy-efficient displays continues to rise. Display glass substrates play a crucial role in this market as they enable the production of sleek and visually appealing smartphone screens.
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Display Glass Substrate Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Display Glass Substrate market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), Middle East & Africa (Turkey, Saudi Arabia, UAE). The Asia-Pacific region is expected to dominate the market with a market share of around 40%, followed by North America with a market share of around 30%. Europe and Latin America are also expected to contribute significantly to the market share, each accounting for around 15% and 10%, respectively.
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