The global 5G substrate materials market size was US$ 197.9 million in 2021. The global 5G substrate materials market size is forecast to reach US$ 1516.62 million by 2030, growing at a compound annual growth rate (CAGR) of 25.3% during the forecast period from 2022 to 2030.
The basic material on which processing occurs is referred to as a substrate in the fields of material science and engineering. This surface might use to create fresh films or material layers, like deposited coatings. Any kind of material, including ceramics, metal, organic laminates, and plastic, can be used as the substrate. The fifth generation of wireless technology, often known as 5G, offers considerable improvements in speed, latency, connection density, and coverage. Industries like telecommunication, automotive, industrial 4.0, and social media use 5G substrate materials. Mobile phones, fixed wireless devices, base stations, personal electronics, and video games can all use it.
Factors Influencing Market Growth
The increasing R&D initiatives and rising demand for smartphones drive the global market.
The rising demand for nanotechnology and high-end computing system is forecast to offer lucrative opportunities for the global market.
The fluctuation in raw material prices and the increased cost of 5G substrates may slow down the overall market growth.
The growth of advanced high-performance materials encouraging the rollout of 5G technology boosts the global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed lockdowns in order to prevent the virus from spreading. This led to a downshift and suspension in manufacturing operations, limitations on supply and transport, and infrastructure. In addition, leading players operating in the 5G substrate materials have to stop their production output owing to a disturbance in the raw material supply and a lack of labor.
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing economic development, the rapidly increasing end-use industries, and competitive manufacturing prices. In addition, rising number of 5G base stations and the existence of many smartphone manufacturers.
The leading prominent companies profiled in the global 5G substrate materials market are:
Asahi Glass Company (AGC) Inc.
DuPont de Nemours Inc
Showa Denko Materials Co. Ltd.
Kuraray Co. Ltd
Sumitomo Chemical Co. Ltd.
The Chemours Company
Toray Industries Inc.
Taiwan Union Technology Corporation
Ventec International Group
Other Prominent Players
Scope of the Report
The global 5G substrate materials market segmentation focuses on Product, Application, and Region.
Segmentation based on Product
o Polytetrafluoroethylene (PTFE)
o Polyimide (PI)
o Liquid Crystal Polymer (LCP)
Segmentation based on Application
Segmentation based on Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
Meta Title: 5G Substrate Materials Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global 5G Substrate Materials Market is projected to reach US$ 1516.62 million by the end of 2030 from US$ 197.9 million in 2021, at a CAGR of 25.3%
Meta Keywords: 5G substrate materials market Size, 5G substrate materials market share, 5G substrate materials market trend, 5G substrate materials market Forecast, 5G substrate materials market insight