LCD Glass Substrates Market

LCD Glass Substrates Market by Category (Gen. 8 and above, Gen. 7, Gen. 6, Gen. 5.5, Gen. 5, and Gen. 4 and below), Applications (LCD Televisions, PCs, LCD Monitors, Mobile Phones, Digital Cameras/Camcorders, Game Consoles, and Automotive Navigation System), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-585
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 195
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The global LCD glass substrates market size was valued at USD 7879.5 million in 2020 and is anticipated to reach USD 10090 million by 2028, expanding at a CAGR of 4.2% during the forecast period, 2021–2028. Growth of the market is attributed to extensive use of LCDs in PCs, TVs, tablets, and smartphones.
 

LCD Glass Substrates Market Key Takeaways


LCD glass substrate is a particular glass used for thin-film transistors (TFTs), which is used to produce LCD screens. These screens are mainly used in the displays of personal computers, televisions, and mobiles. An LCD panel is created by several LCD glass substrate layers and color filters.

The Covid-19 pandemic affected the demand and supply of the LCD glass substrates market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production, leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Declined LCD prices due to rising demand is anticipated to boost the market. CRT displays are replaced with LCD displays attributing to their price-performance ratio, which in turn, is propelling the market.
  • Inventions such as production of LCD screen using a single LCD glass substrate helps to reduce the prices. This is expected to drive the market.
  • New opportunities are created in the market from the electronic device segment, which generated the development of application-specific products. For example, in mid-2018, Corning introduced Gorilla glass DX and DX+ protective LCD glass substrates for wearables. These new developments are estimated to boost the market over the forecast period.
  • The television industry has huge growth opportunities, due to its large-sized screen and ultra-high definition (UHD) TV segment. The market is projected to incur immense growth.
  • Development in new manufacturing facilities is a key business expansion strategy adopted by most institutions and firms due to rising demand from the end-users industries. Technological advancements worldwide is a major factor, which is attributed to fuel the market.
  • Unfavorable production and supply, due to Covid-19 situation, had an adverse effect on the market, which is estimated to hinder the market growth.
  • Reduction in the use of LEDs in PCs, TVs, tablets, and mobile phones is projected to hinder the market growth.
  • Rising global economies and increasing technological & entertainment expenditure is propelling growth opportunities for the key players.

Scope of the Report

The report on the global LCD glass substrate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

LCD Glass Substrates Market -Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Category (Gen. 8 and above, Gen. 7, Gen. 6, Gen. 5.5, Gen. 5, and Gen. 4 and below) and Applications (LCD televisions, PCs, LCD monitors, Mobile phones, Digital cameras/camcorders, Game consoles, and Automotive navigation system)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Avanstrate, Samsung, Asahi Glass Co., Nippon Electric Glass, HongHai, IRICO Group, LG Display, and Corning.

 

Market Segment Insights

The Gen. 8 and above segment is projected to expand at a robust CAGR
Based on category, the global LCD glass substrates market is segregated into Gen. 8 and above, Gen. 7, Gen. 6, Gen. 5.5, Gen. 5, and Gen. 4 and below. The Gen. 8 and above segment accounts for a key share of the market, due to technological developments in the electronics industry in recent years along with expansion and innovation of the products by key players.

The mobile phones segment is expected to hold a major share of the market
Based on applications, the global LCD glass substrates market is fragmented into LCD televisions, PCs, LCD monitors, mobile phones, digital cameras/camcorders, game consoles, and automotive navigation system. The mobile phones segment accounts for a key share of the market. The LCD television segment is anticipated to expand at a rapid pace during the forecast period, owing to the immense development of television displays along with the persistence investment of key players in terms of innovation and expansion.
 

LCD Glass Substrates Market By applications


The market in North America to expand at a robust CAGR
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific holds the maximum share of the global LCD glass substrates in terms of revenue, production, and consumption, owing to the large scale production of electronics in the region. The market in North America and Europe is anticipated to expand at a rapid pace during the forecast period, owing to growing consumer spending, high usage of electronic devices, and being a key producer of automotive vehicles.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LCD Glass Substrates Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. LCD Glass Substrates Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LCD Glass Substrates Market - Supply Chain
  4.5. Global LCD Glass Substrates Market Forecast
     4.5.1. LCD Glass Substrates Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LCD Glass Substrates Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. LCD Glass Substrates Market Absolute $ Opportunity
5. Global LCD Glass Substrates Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. LCD Glass Substrates Market Size and Volume Forecast by Applications
     5.3.1. LCD televisions
     5.3.2. PC LCD monitors
     5.3.3. Mobile phones
     5.3.4. Digital cameras/camcorders
     5.3.5. Game consoles
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global LCD Glass Substrates Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. LCD Glass Substrates Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global LCD Glass Substrates Demand Share Forecast, 2019-2026
7. North America LCD Glass Substrates Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America LCD Glass Substrates Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America LCD Glass Substrates Market Size and Volume Forecast by Applications
     7.4.1. LCD televisions
     7.4.2. PC LCD monitors
     7.4.3. Mobile phones
     7.4.4. Digital cameras/camcorders
     7.4.5. Game consoles
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America LCD Glass Substrates Demand Share Forecast, 2019-2026
8. Latin America LCD Glass Substrates Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America LCD Glass Substrates Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America LCD Glass Substrates Market Size and Volume Forecast by Applications
     8.4.1. LCD televisions
     8.4.2. PC LCD monitors
     8.4.3. Mobile phones
     8.4.4. Digital cameras/camcorders
     8.4.5. Game consoles
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America LCD Glass Substrates Demand Share Forecast, 2019-2026
9. Europe LCD Glass Substrates Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe LCD Glass Substrates Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe LCD Glass Substrates Market Size and Volume Forecast by Applications
     9.4.1. LCD televisions
     9.4.2. PC LCD monitors
     9.4.3. Mobile phones
     9.4.4. Digital cameras/camcorders
     9.4.5. Game consoles
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe LCD Glass Substrates Demand Share Forecast, 2019-2026
10. Asia Pacific LCD Glass Substrates Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific LCD Glass Substrates Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific LCD Glass Substrates Market Size and Volume Forecast by Applications
     10.4.1. LCD televisions
     10.4.2. PC LCD monitors
     10.4.3. Mobile phones
     10.4.4. Digital cameras/camcorders
     10.4.5. Game consoles
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific LCD Glass Substrates Demand Share Forecast, 2019-2026
11. Middle East & Africa LCD Glass Substrates Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa LCD Glass Substrates Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa LCD Glass Substrates Market Size and Volume Forecast by Applications
     11.4.1. LCD televisions
     11.4.2. PC LCD monitors
     11.4.3. Mobile phones
     11.4.4. Digital cameras/camcorders
     11.4.5. Game consoles
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa LCD Glass Substrates Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global LCD Glass Substrates Market: Market Share Analysis
  12.2. LCD Glass Substrates Distributors and Customers
  12.3. LCD Glass Substrates Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Avanstrate
     12.4.2. Samsung
     12.4.3. Asahi Glass Co.
     12.4.4. Nippon Electric Glass
     12.4.5. HongHai

Segments Covered in the Report
The Global LCD Glass Substrates Market has been segmented on the basis of:-

Category

  • Gen. 8 and above
  • Gen. 7
  • Gen. 6
  • Gen. 5.5
  • Gen. 5
  • Gen. 4 and below

Applications

  • LCD televisions
  • PC LCD monitors
  • Mobile phones
  • Digital cameras/camcorders
  • Game consoles
  • Automotive navigation system

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Companies

  • Avanstrate
  • Samsung
  • Asahi Glass Co.
  • Nippon Electric Glass
  • HongHai
  • IRICO Group
  • LG Display
  • Corning

Key players in the global LCD glass substrates market include Avanstrate, Samsung, Asahi Glass Co., Nippon Electric Glass, HongHai, IRICO Group, LG Display, and Corning.

Key players including Corning Inc., Avanstrate, and Samsung are concentrating on product quality, expansion, and innovations in order to satisfy customer demands, along with rising compliance on international quality standards.

Corning, AGC, and NEG occupied 90% of the LCD glass substrates market. In 2018, Corning incorporated its latest production facility of Gen 10.5 LCD glass substrate, which was co-located with BOE technology CO. Ltd.’s plant. This facility has a production capacity of 1440,000 units of glass per annum.
 

LCD Glass Substrates Market By Key Players

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