Global Shipments of Cover Glass are Projected to Reach 2.9 Billion Units by 2024
Rising Sales of Smartphones and Tablets &
Increasing Demand for Scratch- and Impact-Resistant Display Screens to Drive
the Global Cover Glass Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Cover Glass market. Global shipments of Cover Glass are projected to reach
2.9 billion units by 2024, driven by the
growing demand for scratch-resistant and damage-resistant display screens in
electronic devices such as smartphones and tablets; and launch of advanced
devices with larger screen sizes.
Cover glass refers to a
material that is used in the display of electronic devices such as smartphones,
tablets, portable navigation devices and LCDs, among others. Made using thin
and lightweight glass materials, cover glass is tough and scratch- and
damage-resistant. As the outermost layer in the display screens of electronic
devices, cover glass is used mainly for offering protection to various delicate
components such as touch screen and LCD panel. Given its ability to protect the
screen without compromising performance or clarity of the device, cover glass
forms a major component of mobile devices such as smartphones and tablets. Global
cover glass market is experiencing steady growth driven by the increasing sales
of mobile devices such as smartphones and tablets. With sales of personal
electronic devices such as smartphones, laptops and tablets growing rapidly,
there is significant increase in demand for cover glass products. Besides the
steady growth in sales of mobile devices, the increasing popularity of
high-performance displays is also expected to fuel steady growth in the cover
glass market. The market will also benefit from the shortening replacement
cycle of portable electronics, since consumers are increasingly looking to
replace their devices every 8 to 12 months.
Toughened cover glass,
which is resistant to breakage, is especially gaining importance as an
essential component of electronic devices. In toughened display cover glass,
aluminosilicate glass is chemically treated for enhancing its strength. Due to
the chemical strengthening process, the toughened glass becomes several times
stronger compared to conventional soda lime glass. At present, there are three
major types of cover glass being used on displays, including soda-lime, Gorilla
Glass™ and Dragontrail Glass™, all of which are treated using varied techniques to incorporate
durability into the cover glass. Of these, Gorilla® Glass from Corning and
Asahi’s Dragontrail™ are the leading brands of toughened cover glass used in
electronic devices. The launch of devices with larger screens and touchscreen
capabilities and the advent of sleek yet strong devices are expected to
continue fueling growth in the global toughened display cover glass market.
As stated by the new
market research report on Cover Glass,
the Asia-Pacific represents the largest market, worldwide. The region continues
to benefit from the steadily rising sales of smartphones and tablets,
specifically in countries such as India and China. Though Americas and Europe
are considered to be strong markets for sales of electronic devices
specifically mobile devices, the regions are experiencing market saturation
with sales of tablets and smartphones reaching their peak. The stagnating sales
in the U.S. and Europe are necessitating manufacturers to foray into the Asian
market.
Major players in the market
include Asahi Glass Co., Ltd., Corning Incorporated, Nippon Electric Glass Co.
Ltd., and Schott AG.
The research report titled
“Cover Glass: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for the geographic markets such as the Asia-Pacific and Rest of World.
The global Cover Glass market is additionally analyzed by the following Device
Type - Tablets PCs, Smartphones and Others.
Comments
Post a Comment