Global Cover Glass Market 2016-2020

Outlook of the global cover glass market

The global market for cover glass will grow at a steady rate during the forecast period and will post an impressive CAGR of over 11% by 2020. The recent increase in the shipment of cover glass due to the growing population of mobile devices like tablets and smartphones across the globe is a noteworthy factor that will impel the prospect for market growth until the end of the forecast period. Furthermore, factors such as the rapid growth of high-performance displays and an increasing need for better glazing applications for automotive OEMs will also result in the high growth of this market over the forecast period.

In this market study report, analysts estimate eminent factors like the short replacement cycle of portable electronic devices to spur market growth during the estimated period. Recently, it has been observed that consumers replace their portable electronic devices every 8-12 months. Consequently, the demand for cover glass for newly launched devices will also rise. This decrease in the replacement cycle of portable electronic devices is anticipated to have a positive impact on the growth prospects for this market.

Application-based segmentation and analysis of the cover glass market

• Tablets
• Smartphone

Technavio’s market research analyst has estimated the smartphone segment to be the largest market segment during the forecast period. The development of additional features for cover glass, such as rigidity and flexibility, to enhance attributes like weight, display resolution, and pixel density will aid in this market segment’s impressive growth during the forecast period. The smartphone segment will account for approximately 79% of the total market share by 2020.

Geographical segmentation and analysis of the cover glass market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region is predicted to be the largest market for cover glass during the forecast period. The prospects for growth in this market segment will be driven by the rising demand for smartphones and tablets, especially from regions like China and India. Also, the augmented utilization of e-commerce portals coupled with greater internet penetration will aid in the growth of this market in APAC.

Competitive landscape and key vendors

The global cover glass market is characterized by the presence of prominent vendors and is primarily dominated by key vendors that mainly focus on smart devices. As these devices are high-volume segments, they result in high profitability for suppliers. This increase in the profitability will bolster market competition due to the growing number of glass providers and the expanding market for smart devices over the forecast period.

Key vendors in this market are -

• Asahi Glass
• Corning
• Nippon Electric Glass
• Schott

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global cover glass market?
• What are the key market trends impacting the growth of the global cover glass market?
• What are the challenges to market growth?
• Who are the key vendors in the global cover glass market?
• What are the market opportunities and threats faced by the vendors in the global cover glass market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cover glass market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global LCD Glass Market 2015-2019
• Global Sapphire Glass Market 2015-2019

A cover glass is a material that is utilized in the display of portable electronic devices like smartphones, tablets, all-in-one PCs, and portable navigation devices. Cover glasses are generally scratch resistant and are made up of a combination of thin, lightweight glass materials that are tough and damage resistant. The rising global demand for LCD TVs will foster the prospects for growth in the global cover glass market until the end of the forecast period.

The global cover glass market is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.