Market Overview:
The global TFT glass substrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced displays in consumer electronics such as televisions (TVs), monitors, laptops, and others. Additionally, the growing demand for TFT glass substrates in automotive applications is also propelling the growth of this market. However, fluctuations in prices of raw materials used in manufacturing TFT glass substrates may restrain the growth of this market to some extent during the forecast period. Based on type, the global TFT glass substrate market can be segmented into Gen 8 and above, Gen 7, Gen 6, Gen 5.5., Gen 5,,Gen 4 and below segments. The Gen 8 and above segment is expected to account for a major share of this market during the forecast period owing to increasing adoption of advanced display technologies by consumers across different regions worldwide.
Product Definition:
A TFT glass substrate is a thin film transistor (TFT) that has been deposited on a glass surface. This type of substrate is used in displays, such as LCDs and OLEDs, to improve their performance. The use of a TFT glass substrate allows for faster pixel switching and improved image quality.
Gen. 8 and Above:
Gen 8 and above is the current generation of LCD panels used in smartphones, tablets, notebooks, monitors and televisions. The growth factor in this market is high as compared to other display technologies such as LED & OLED owing to its cost effectiveness and large-sized displays.
Gen 7 & Above: This refers to the current generation of LCD panels used in smartphones, tablets PCs/ Notebooks/ Monitors & Televisions (NMTT).
Gen. 7:
Gen 7 is the latest version of Intel Core processor family. It was introduced in early 2017 with a series of high-performance laptops and desktops. The processors are manufactured using 14 nm process technology, which has enabled to increase the performance per watt as compared to its previous versions.
The introduction of this processor has led many manufacturers to re-design their products keeping in mind the improved power efficiency that would enable them to use thinner and lighter panels for creating thin.
Application Insights:
The television application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for smart TVs with enhanced picture quality, features and functionality. Furthermore, growing penetration of 4K technology is further expected to drive product demand in this application segment.
TFT-LCD substrates are used in various other applications including monitor, laptop and others such as mobile phones, digital cameras, industrial displays and projectors among others. Increasing use of TFT-LCD products in portable devices owing to their lightweight characteristics coupled with high visibility levels has boosted product consumption across different segments globally over the past few years since 2010s when compared with liquid crystal display (LCDs).
Regional Analysis:
Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for computer monitors, laptops, mobile phones, and other electronic products. China is a major contributor to regional growth owing to low production cost coupled with easy availability of raw materials such as glass substrates.
The Latin American market is also anticipated to witness significant growth over the coming years owing both primary and secondary end-use markets such as display devices manufacturing or consumer electronics manufacturing. This can be attributed primarily monitor production which has witnessed an increase in regional demand since 2010s due mainly high Pixels Per Inch (PPI) density along with better color accuracy than standard monitors offered by manufacturers from Asia Pacific region thus making it attractive for consumers from Latin America countries including Brazil, Mexico, Argentina etc.
Growth Factors:
- Increasing demand for advanced displays in consumer electronics and automotive applications
- Rising demand for transparent and flexible displays
- Growing adoption of TFT glass substrates in solar energy applications
- Proliferation of next-generation display technologies such as OLED and quantum dot LED (QLED)
- Increasing investments by display manufacturers in R&D to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
TFT Glass Substrate Market Research Report
By Type
Gen. 8 and Above, Gen. 7, Gen. 6, Gen. 5.5, Gen. 5, Gen. 4 and Below
By Application
TV, Monitor, Laptop, Others
By Companies
AGC, Corning, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO, CGC, LG Chem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global TFT Glass Substrate Market Report Segments:
The global TFT Glass Substrate market is segmented on the basis of:
Types
Gen. 8 and Above, Gen. 7, Gen. 6, Gen. 5.5, Gen. 5, Gen. 4 and Below
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
TV, Monitor, Laptop, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AGC
- Corning
- NEG
- Tunghsu Optoelectronic
- AvanStrate
- IRICO
- CGC
- LG Chem
Highlights of The TFT Glass Substrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gen. 8 and Above
- Gen. 7
- Gen. 6
- Gen. 5.5
- Gen. 5
- Gen. 4 and Below
- By Application:
- TV
- Monitor
- Laptop
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the TFT Glass Substrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
TFT glass substrate is a type of electronic display panel that uses thin film transistor technology to create images. The substrate is made up of several layers of glass, and each layer has a different color. When light shines on the TFT panel, the colors are projected onto the screen.
Some of the major companies in the tft glass substrate market are AGC, Corning, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO, CGC, LG Chem.
The tft glass substrate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TFT Glass Substrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 TFT Glass Substrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TFT Glass Substrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the TFT Glass Substrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global TFT Glass Substrate Market Size & Forecast, 2020-2028
4.5.1 TFT Glass Substrate Market Size and Y-o-Y Growth
4.5.2 TFT Glass Substrate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gen. 8 and Above
5.2.2 Gen. 7
5.2.3 Gen. 6
5.2.4 Gen. 5.5
5.2.5 Gen. 5
5.2.6 Gen. 4 and Below
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 TV
6.2.2 Monitor
6.2.3 Laptop
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TFT Glass Substrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 TFT Glass Substrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gen. 8 and Above
9.6.2 Gen. 7
9.6.3 Gen. 6
9.6.4 Gen. 5.5
9.6.5 Gen. 5
9.6.6 Gen. 4 and Below
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 TV
9.10.2 Monitor
9.10.3 Laptop
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gen. 8 and Above
10.6.2 Gen. 7
10.6.3 Gen. 6
10.6.4 Gen. 5.5
10.6.5 Gen. 5
10.6.6 Gen. 4 and Below
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 TV
10.10.2 Monitor
10.10.3 Laptop
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gen. 8 and Above
11.6.2 Gen. 7
11.6.3 Gen. 6
11.6.4 Gen. 5.5
11.6.5 Gen. 5
11.6.6 Gen. 4 and Below
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 TV
11.10.2 Monitor
11.10.3 Laptop
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gen. 8 and Above
12.6.2 Gen. 7
12.6.3 Gen. 6
12.6.4 Gen. 5.5
12.6.5 Gen. 5
12.6.6 Gen. 4 and Below
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 TV
12.10.2 Monitor
12.10.3 Laptop
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gen. 8 and Above
13.6.2 Gen. 7
13.6.3 Gen. 6
13.6.4 Gen. 5.5
13.6.5 Gen. 5
13.6.6 Gen. 4 and Below
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 TV
13.10.2 Monitor
13.10.3 Laptop
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 TFT Glass Substrate Market: Competitive Dashboard
14.2 Global TFT Glass Substrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AGC
14.3.2 Corning
14.3.3 NEG
14.3.4 Tunghsu Optoelectronic
14.3.5 AvanStrate
14.3.6 IRICO
14.3.7 CGC
14.3.8 LG Chem
