Cover glass: Key market research findings
- Development of new variants in cover glasses
- Increased adoption of cover glass in high-performance displays
Technavio has released a new market research report on the global cover glass market, which is expected to grow at a CAGR of 11% between 2016 and 2020. The growth of cover glass market is directly proportional to the demand for smart devices. Toughness, scratch resistance, and damage resistance are the USPs of cover glass, which makes it preferable in the all-in-one (AIO) PCs, smartphones, tablets, and portable navigation devices. APAC dominates the global cover glass market, occupying around 75% of the total market share. High demand for smartphones and tablets has created huge growth potential for this region. Also, major smartphone manufacturers such as Samsung Electronics and Xiaomi are based in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Original equipment manufacturers (OEMs) in the market are continuously improving their product portfolio with the launch of innovative products. For instance, Corning’s gorilla glasses are updated with additional benefits such as advanced and damage-resistant cover glasses for every new version of gadgets. Recently, Corning has released four versions of gorilla glasses,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
Of late, high-performance displays such as LCDs and OLEDs are increasingly adopting cover glasses. Cover glasses provide toughness, slim design, scratch resistance, and lightweight features to these display technologies. Increasing popularity of smartphones and tablets have prompted manufacturers to equip OLED displays of these devices with cover glasses, which are thermally tempered. The emergence of flexible display smartphones and tablets will push cover glass manufacturers to develop a compatible product to support them over the next four years.
The leading vendors in the global cover glass market are Asahi Glass, Corning, Nippon Electric Glass and Schott. The key vendors operating in the market mainly focus on smart devices, as these generate more profits for them. Competition in the market is expected to intensify during the forecast period, owing to the rise on the number of glass providers and the expanding smartphone market. New players that develop thin-layered glasses for smart devices are expected to enter the market in the coming years.
A more detailed analysis is available in the Technavio report, Global Cover Glass Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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