The dynamic shift from 4G to 5G in telecom sector, government investment for growth of 5G infrastructure, and robust adoption of 5G devices and services are major factors, which can further generate the demand for materials for antenna substrates which is projected to boost the growth of 5G Substrate market. The augmenting application of 5G other verticals such as automotive, entertainment, computing, and manufacturing is also driving the market. Moreover, the surging use of 5G technique in high-value areas including 3D robotic control, augmented & virtual reality monitoring and remote medical control, along with the rising developments for 5G development is placing a positive impact on the growth of Global 5G Substrate market in the forecast period.
According to MarkNtel Advisors’ research report titled “Global 5G Substrate Market Analysis, 2020”, the Global 5G Substrate market is anticipated to grow at a CAGR of around 25% during 2020-25. Based on Type, Organic Laminates captured the majority market share in the 5G substrate market in 2019. Organic Laminates is categorized into Polytetrafluoroethylene (PTFE), Liquid Crystal Polymer (LCP), Polyimide (PI), Others, among which, Liquid Crystal Polymer (LCP) acquired the highest market share in 2019. Moreover, the declining price of Polyimide (PI) and its features such as high heat tolerance, mechanical toughness, and thermal stability is estimated to lead to a growth in the market share of these material in the forthcoming period. Furthermore, the adoption of Polytetrafluoroethylene (PTFE) in millimeter (mm) wave is likely to be limited in the near future due to its pricing.
“Global 5G Substrate Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and market opportunities available for 5G Substrate providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Exhibited the Fastest Growth
Asia-Pacific is expected to attain highest CAGR by 2025. China dominated the market on an account of active usage of 5G in verticals such as telecom and automotive industry. In addition, the escalating investment by the government in a 5G national action plan and to promote 5G application in future technologies, such as IoT, robotics, etc., has bolstered the market growth.
Moreover, North America market is also growing at a subsequent rate owing to the deployment of 5G fixed-wireless home service and is expected to broaden its reach to manufacturing, energy, autonomous vehicles and connected transportation which would create the huge demand for substrate which is expected to bolster the growth of the 5G Substrate Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global 5G Substrate Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global 5G Substrate market are AGC Inc., Daikin Industries, Ltd., DuPont de Nemours, Inc., ITEQ Corporation, Kaneka Corporation, Panasonic Corporation, PolyOne Corporation, Rogers Corporation, Sumitomo Chemical Co., Ltd., The Chemours Company, Toray Industries, Inc., Taiwan Union Technology Corporation, Ventec International Group Co etc.
Key questions answered in the study: