With the growth and technology deployment of 5G systems, materials such as polymers and ceramics will become paramount in the production of 5G-specific devices. The demand for multiple-input multiple-output (MIMO) antennas deployed in 5G base stations will drive demand for materials with low dielectric constants, which are cost-friendly and increase antenna bandwidth and efficiency. Companies working on advanced materials for 5G infrastructure include Dupont de Nemours, Inc., AGC Inc., and Rogers Corporation. This in turn drives market growth.
NEW YORK, USA, Nov. 30, 2023 (Globe Newswire) — Fifth generation (5G) is the latest communications backbone that enables innovative applications in industrial, medical, automotive, and defense sectors. 5G offers numerous benefits, including higher speeds (10x faster than 4G), lower latency (at least 10x faster than 4G), and increased density.
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Development of high-performance advanced materials to enable deployment of 5G technology drives global market
A wide variety of materials are available in the electronics industry. Still, only certain properties of the material make it suitable for operation and existence in his 5G radio frequency (RF) world at high frequencies. Dielectric constant, dissipation tangent, coefficient of thermal expansion, dielectric coefficient, and thermal conductivity are important considerations when selecting materials for 5G equipment and infrastructure. Additionally, the demand for multiple-input multiple-output (MIMO) antennas in 5G base stations will increase the demand for cost-effective low-k materials that improve antenna bandwidth and efficiency. DuPont de Nemours, Inc., AGC, Inc., and Rogers Corporation are among the companies working on advanced materials for 5G infrastructure.
Countries in the early stages of 5G deployment create huge opportunities
According to Straits Research, “The global 5G substrate materials market size is estimated to reach USD 1,633.66 million by 2031, growing at a CAGR of 24.1% during the forecast period (2023-2031).” Developing countries in the early stages of testing and infrastructure for 5G deployment can represent lucrative investment opportunities for materials manufacturers. Companies can invest in or expand their manufacturing facilities in each country to get closer to consumers and prepare for the impending expansion of their 5G infrastructure worldwide. Governments are actively supporting companies to invest in and develop 5G-related equipment and materials in order to implement 5G efficiently and on time. Additionally, Panasonic Corporation, Kuraray Corporation, and DuPont de Nemours Corporation are expanding their production facilities in the Asia-Pacific region to meet growing demand from Asian countries. The material manufacturer should contact his 5G antenna manufacturer in developing countries and work on a contract basis to meet the customized demands of end users.
regional analysis
China is the largest shareholder in the global 5G substrate materials market and is expected to exhibit a CAGR of 27.7% during the forecast period. China is one of the most prominent market participants operating around the world. China is formulating a national plan to roll out 5G in earnest, capture profits from the domestic market, strengthen its industrial base and gain a dominant position among global communications equipment suppliers. Chinese suppliers have significant bargaining power due to China’s position as a major source of raw materials needed for the production of this advanced 5G equipment and materials. Moreover, the Chinese government has shown great interest in her 5G implementation. It introduced the “Made in China 2025” initiative to accelerate the development of China’s material manufacturers, equipment manufacturers, and ultimately the entire 5G industry.
Asia Pacific and Japan (APJ) is projected to exhibit a CAGR of 24.4% during the forecast period. The Asia Pacific and Japan (APJ) region consists of technologically advanced countries such as China, Japan, and South Korea that manufacture 5G substrate materials, as well as Taiwan, South Korea, and Japan. These will be used to manufacture advanced circuit boards for deploying 5G infrastructure and end-user applications such as smartphones, servers, and self-driving cars. In addition, Japan is one of the world’s leading countries in terms of number. Major 5G board material manufacturers. Kaneka Corporation, Hitachi Chemical Corporation, and Panasonic Corporation are some of the major manufacturers of 5G substrate materials.
Main highlights
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Based on product, the global 5G substrate materials market is segmented into organic laminates, ceramics, and glass. The organic laminate segment accounts for the largest market share and is expected to exhibit a CAGR of 24.3% during the forecast period.
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The global 5G substrate materials market is segmented on the basis of application into smartphones, base stations, etc. The smartphone sector occupies the highest market share and is expected to grow at a CAGR of 24.2% during the forecast period.
competitive player
The key players in the global 5G substrate materials market are: Asahi Glass Co., Ltd. (AGC), Daikin Industries, Showa Denko Materials Co., Ltd., DuPont de Nemours Co., Ltd., ITEC Co., Ltd., Panasonic Co., Ltd., Kaneka Co., Ltd., Kuraray Co., Ltd., Sumitomo Chemical Co., Ltd., Avient Co., Ltd., Rogers Corporation, The Chemours Company, Toray Industries, Inc., etc..
market news
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LG Innotek was planning to hire a large number of experts in the substrate materials sector in August 2022. Following our entry into the flip chip ball grid array (FC-BGA) substrate market as a new business at the end of last year, we will strengthen our research and development structure. This year, large-scale investments in the “trillion” range are expected in the circuit board field as well.
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In February 2023, Korean media reported that LG Innotek, a leading provider of diverse electronic components and materials, will begin the first phase production of a new product line, ABF substrates, in October 2023.
Global 5G substrate materials market: Segmentation
by product
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organic laminate
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ceramics
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glass
By application
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base station
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smartphone
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others
By region
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North America
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Europe
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England
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China
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Asia Pacific and Japan
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Rest of the world
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