Semiconductor Glass Market Report 2024

This Semiconductor Glass market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The semiconductor glass market size has grown steadily in recent years. It will grow from $5.78 billion in 2023 to $6.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to the increasing use of photomasks, rising adoption of flat panel displays (FPDs), growth in data centers, greater integration of electronics in vehicles, and a heightened focus on sustainability and energy efficiency.

The semiconductor glass market size is expected to see steady growth in the next few years. It will grow to $7.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the increasing use of wearable health monitors and biomedical devices, the expansion of renewable energy technologies, rising demand for high-performance electronics, growth in the healthcare sector, and the expanding Internet of Things (IoT). Major trends expected during this period include a surge in semiconductor demand, advancements in glass technology, a focus on miniaturization, sustainability and recycling initiatives, and the integration of advanced coatings.

The growing demand for consumer electronics is anticipated to drive the expansion of the semiconductor glass market. The increased adoption of consumer electronics is fueled by a rising need for smart, connected devices and technological advancements. Semiconductor glass is used in these electronics to improve display clarity and support advanced features, driven by the need for high-resolution and high-performance screens. For instance, LG Corporation, a South Korea-based consumer electronics and home appliances company, reported in January 2023 that it surpassed $60 billion in revenue for the first time, marking a 12.9% increase from 2021. This growth was primarily due to high demand for premium home appliances and automotive components. The appliance division also saw significant year-over-year growth for the seventh consecutive year. Consequently, the rising demand for consumer electronics is fueling the growth of the semiconductor glass market.

Key players in the semiconductor glass market are focusing on developing advanced ultra-low-flatness glass solutions to improve precision and performance in semiconductor manufacturing. These solutions involve high-precision glass substrates with minimal surface deviations, essential for semiconductor production where even small imperfections can impact performance and yield. For example, Intel Corporation, a US-based semiconductor manufacturer, introduced a new glass substrate technology in September 2023 for next-generation chip packaging. This technology features ultra-low flatness and enhanced thermal and mechanical stability, which supports higher interconnect density and allows chip designers to create high-density, high-performance packages for demanding applications such as artificial intelligence (AI).

In April 2023, Lithoz GmbH, an Austria-based company specializing in additive manufacturing (3D printing) of high-performance ceramics, collaborated with Glassomer to launch LithaGlass. This 3D-printable quartz glass material is designed for high-performance applications such as semiconductor packaging and integrated circuit (IC) components. The development of LithaGlass represents a significant advancement in ceramics, glass, and 3D printing technologies. Glassomer GmbH, based in Germany, provides semiconductor glass products.

Major companies operating in the semiconductor glass market are LG Electronics Inc., Compagnie de Saint-Gobain, Heraeus Holding GmbH, Shin-Etsu Chemical Co. Ltd., AGC Inc., Corning Incorporated, TCL Technology Group Corporation, Tosoh Corporation, Hoya Corporation, SCHOTT AG, Nippon Electric Glass Co. Ltd., Rubicon Technology Inc., Edmund Optics Inc., OHARA Inc., GT Advanced Technologies Inc., Silitech Technology Corporation, Plan Optik AG, Dynasil Corporation of America, JOLED Inc., Visionox Technology Inc.

Asia-Pacific was the largest region in the semiconductor glass market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the semiconductor glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Semiconductor glass is a type of glass specially engineered to conduct electricity or exhibit semiconductor properties. It typically includes materials such as germanium or gallium arsenide and is used in various electronic and optoelectronic applications. This type of glass is essential for high-tech devices such as sensors, photodetectors, and advanced optical systems.

The main types of semiconductor glass are borosilicate-based, silicon-based, ceramic-based, silica or quartz-based, and others. Borosilicate-based semiconductor glass is known for its high thermal and chemical resistance, making it suitable for semiconductor fabrication and electronic components. Its low thermal expansion and high durability provide a stable substrate for precise electronics. Applications include solar batteries, light-emitting devices, electronic switches, and more, serving industries such as electronics, automotive, medical, aerospace and defense, and solar.

The semiconductor glass market research report is one of a series of new reports that provides semiconductor glass market statistics, including the semiconductor glass industry's global market size, regional shares, competitors with a semiconductor glass market share, detailed semiconductor glass market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor glass industry. This semiconductor glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The semiconductor glass market consists of sales of germanium glass, gallium arsenide glass, and selenium glass. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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