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5G Substrate Materials Market - Global Insights, Regional Analysis and Forecast upto 2031
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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 meet 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.
5G Substrate Materials Industry Overview -
The global 5G Substrate Materials Market is expected to reach $1,624.3 million by 2031, with a CAGR of 24.1% during the forecast period 2021-2031. The growth in the market is expected to be driven mainly by growing investments toward the adoption and deployment of 5G communication across the globe.
Market Segmentation :
5G Substrate Material Market by Application -
The 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), 8x8 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.
5G Substrate Material Market by 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.
5G Substrate Material Market by 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.
Key Market Players -
Asahi Glass Company (AGC) Inc., Daikin Industries, DuPont de Nemours Inc, 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 Inc., Taiwan Union Technology Corporation, Ventec International Group.
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How This Report Can Add Value:
Market by Product, Analysis, and Forecast: For instance, in 2019, Avient Corporation introduced its new customizable product series called “Edgetek,” and this new polymer formulation series would help the company ramp up its business opportunities by collaborating with telecommunication equipment manufacturers for 5G technology.
Market by Application, Analysis, and Forecast:
The segment gives a brief overview of the market status of different applications of the product and key players offering products in those applications. Smartphones are the major consumers of 5G substrate materials as the demand for 5G compatible smartphones are growing across the globe.
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?
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