REPORT OVERVIEW
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The global smartphone cover glass market size was in USD 11097.89 million 2021. As per our research, the smartphone cover glass market is expected to reach USD 17048.36 million by 2027, exhibiting a CAGR of 7.42% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The smartphone cover glass is a specialized glass variant meticulously crafted to shield the fragile display screens of smartphones and analogous electronic gadgets. This ultra-thin, transparent, and exceptionally robust glass panel is tailor-made to precisely match the dimensions of the device's screen. The central objective of cover glass is to offer robust protection against scratches, impacts, and environmental elements, thus guaranteeing the durability and functionality of the device's display.
COVID-19 Impact: Increased Device Usage among Population to Fuel Market Growth
The lockdowns and restrictions enforced during the pandemic resulted in a notable uptick in smartphone utilization for work, entertainment, and communication among individuals confined to their homes. This heightened usage subsequently drove an increased need for replacement smartphone cover glass in instances of accidental damage.
The pandemic wrought havoc on worldwide supply chains, causing disruptions in the manufacturing and distribution of various smartphone components, cover glass included. These disruptions, characterized by manufacturing and shipping delays, had the unfortunate consequence of creating shortages and extended lead times.
LATEST TRENDS
"Foldable and Flexible Displays, and In-Display Fingerprint Sensors to Fuel Market Growth "
Foldable displays refer to screens that can be bent, often along the middle axis, to either reduce the device's physical size or expand the screen area when unfolded. In contrast, flexible displays are screens that possess the ability to curve or flex without sustaining damage. These displays introduce unique form factors and elevate the overall user experience. The appeal of foldable and flexible displays lies in their capacity to combine the advantages of a compact, easily transportable device with a larger screen for enhanced multimedia consumption and multitasking capabilities. These innovations are particularly appealing to consumers who prioritize adaptability and cutting-edge features in their smartphones. The integration of fingerprint sensors into smartphone displays has spurred a trend towards cover glass featuring improved transparency and sensitivity. This trend aims to accommodate this technology effectively while upholding security standards.
SEGMENTATION
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- By Type
Based on Type smartphone cover glass market is classified as2 D, 2.5 D, and 3 D.
- By Application
Based on Application smartphone cover glass market is classified as Front, and Back.
DRIVING FACTORS
"Increased Smartphone Adoption to Fuel Market Growth "
The surging global adoption of smartphones serves as a primary catalyst propelling the smartphone cover glass market growth. With an ever-expanding base of consumers embracing smartphones, there is an inherent and robust market growth for protective cover glass to safeguard these valuable devices
"Rising Consumer Expectations to Stimulate Market Progress"
In the present era, consumers hold the expectation that smartphones should feature top-tier, long-lasting displays. Consequently, smartphone manufacturers place a paramount focus on incorporating advanced cover glass materials renowned for their enhanced scratch resistance, transparency, and overall durability.
RESTRAINING FACTORS
"Market Saturation to Harm Market Growth "
In well-established markets like North America and Europe, smartphone adoption has already reached significant levels, leading to a deceleration in the growth rate of new device acquisitions. Consequently, this constrains the scope for increased demand for additional cover glass from new smartphone users.
REGIONAL INSIGHTS
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"North America has robust demand for advanced cover glass materials to Drive Market Share "
In the mature smartphone cover glass market of North America, particularly the United States, a significant smartphone cover glass market share is driven by factors such as high smartphone penetration and consumer awareness, leading to robust demand for advanced cover glass materials and features. Consumers in this region hold a substantial preference for top-tier displays and resilient cover glass, prioritizing attributes like scratch resistance, optical clarity, and impact protection. Additionally, strong brand loyalty among consumers extends to cover glass choices, with a notable market share favoring official or branded accessories. Furthermore, maintaining regulatory compliance, encompassing adherence to environmental standards, remains pivotal for cover glass manufacturers vying for a competitive market share.
KEY INDUSTRY PLAYERS
"Multitude of companies that played a pivotal role in expansion of smartphone cover glass"
In the landscape of the smartphone cover glass market, numerous prominent industry leaders exert significant influence and contribute to the advancement of cover glass technology. These companies possess extensive global reach and provide a diverse array of cover glass products and associated services. One notable example is Corning, an esteemed American glass manufacturer celebrated for its Gorilla Glass, a highly prevalent choice for cover glass in smartphones and various electronic devices. Corning holds a prominent position within the industry, renowned for its pioneering developments in glass technology.
List of Market Players Profiled
- Biel Crystal (Hong Kong)
- TPK (Taiwan)
- NEG (Japan)
- Schott (Germany)
- AGC Asahi (Japan)
REPORT COVERAGE
The future demand for the smartphone cover glass market is covered in this study. The Research report includes the Impact of Increased Device Usage due to the Covid-19 Impact. The report covers the latest trends in Foldable and Flexible Displays. The paper includes a segmentation of the smartphone cover glass market. The research paper includes the driving factors that are Increased Smartphone Adoption to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for smartphone cover glass.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 11097.89 Million in 2021 |
Market Size Value By |
US$ 17048.36 Million by 2027 |
Growth Rate |
CAGR of 7.42% from 2021 to 2027 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the smartphone cover glass market expected to touch by 2027?
The global smartphone cover glass market size is expected to reach USD 17048.36 million by 2027.
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What CAGR is the global smartphone cover glass market expected to exhibit by 2027?
The global smartphone cover glass market is expected to exhibit a CAGR of 7.42% by 2027.
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Which are the driving factors of the smartphone cover glass market?
The driving factors of the smartphone cover glass market are Increased Smartphone Adoption, and Rising Consumer Expectations.
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Which are the key players or most dominating companies functioning in the smartphone cover glass market?
Biel Crystal, TPK, NEG, Schott, and AGC Asahi are the key players or most dominating companies functioning in the smartphone cover glass market.
