5G Substrate Materials Report - Global Market Expected to be Valued at $281.3 Million by 2025
DUBLIN, July 16, 2020 /PRNewswire/ -- The "Global 5G Substrate Materials Market: Focus on Various Substrate Materials (PTFE, PI, LCP, Ceramics, and Glass) and their Applications (Base Station Antennas and Smartphone Antennas)" report has been added to ResearchAndMarkets.com's offering.
The global 5G substrate materials market is expected to account for a market value of $281.30 million by the end of 2025.
The significant demand for 5G substrate materials is primarily generated from industries such as automotive radars, 5G base station antennas, and smartphone antennas. The rising demand for smartphones in the market is directly accelerating the growth of the 5G substrate materials market.
The global 5G substrate materials market reflected impressive demand from the 5G smartphones and base station antennas segment, wherein the demand for 5G substrate materials is expected to witness a growth rate of more than 26.11% during the forecast period (2020-2025). Several capacity expansions of 5G substrate material production are being planned by companies for 2020 and 2021.
The COVID-19 pandemic had a negative impact on various business segments of the supply chain in quarter one of 2020. The disruption in the supply chain is primarily due to national lockdowns and import-export shipment delays across the world. Countries worldwide have halted their 5G deployment work for Q1 and Q2 of 2020, plummeting the demand for 5G substrate materials in the manufacturing industry.
However, China is actively involved in the development of 5G substrate materials and is pushing 5G deployment in the country. Companies such as Huawei Technologies Co., Ltd., and ZTE Corporation are supported by substantial government investments to deploy 5G in China cities.
Scope of the Report
The global 5G substrate materials market research provides a detailed perspective on the different types of 5G substrate materials, their applications, value, and estimation, among others. The principal purpose of this market analysis is to examine the 5G substrate materials industry outlook in terms of factors driving the market, restraints, trends, and opportunities, among others. The research study also provides a detailed perspective on the impact of COVID-19 on the market.
The report further considers the market dynamics (drivers, restraints, and opportunities), supply chain analysis, and the detailed product contribution of the key players operating in the market. The global 5G substrate materials report is a compilation of different segments, including market breakdown by substrate type, application, region, and country.
Key Topics Covered
5 Markets - Competitive Benchmarking & Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/lhgmo4
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
SOURCE Research and Markets
IoT Transportation Solutions for Government Agencies
How to Get RoI from Your IoT