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A semiconductor is a material, generally a solid chemical substance or mixture that can absorb light and conduct electricity under certain circumstances , resulting it to be a good source for electronic signal regulation. The movement of molecules in a semiconductor happens in a reverse direction to the transfer of electrons. Semi-conductor glass has features involving low electrical consumption and long life. The conductivity resides between the conductor and the insulator, and is thus regarded as a semiconductor. Semiconductor glass has properties such as outstanding flexibility and high room temperature resulting in exceptional thermoelectric efficiency.
The market for semi-conductor glass has increased due to the growth of the electronics sector. An increase in the manufacture of semiconductors, display devices, electronic components, is expected to boost growth in the semi conductor glass market for the electronics industry.
However, one of the most significant limiting factors that is likely to impede market growth is the high cost of semi conductor glass substrtes or wafers' manufacturing leading to enormous initial investment for building manufacturing unit.
Key Market Driver -
Increased application in electronic industry drives the market.
Key Market Restraint -
High manufacturing costs of semi-conductor glass substrates restrict the market growth
Based on substrates, the market for semiconductor glass is further segmented into borosilicate-based, silicon-based, ceramic-based, fused silica/quartz-based, and others. Based on application, the market for semiconductor glass is further segmented into solar battery, light emitting device, electronic switch, and others. Based on end-use, the market for semiconductor glass is further segmented into electronics, automotive, medical, aerospace & defense, solar. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global semiconductor glass market is less fragmented, with a presence of global & regional players operating. Some of the key players in the semiconductor glass market includes JOLED Inc., AGC Inc., Corning Incorporated., Shin-Etsu Chemical Co., Ltd., LG Electronics., GTAT Corporation, Siltronic AG, TCL Technology, Sumco Corporation, Visionox Company and others.
In terms of Geography, the semiconductor glass market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region leads the market for semi-conductor glass in terms of both consumption and production. In the global semiconductor glass industry, Asia Pacific captured the largest market share. It is primarily due to Asia Pacific being one of the big gateway for multiple manufacturers of OEMs and presence of a prospective economy such as China, India, which is the primary driving force behind escalation of market. With second largest market share, North America is projected to become the most competitive market. As a result, demand for semiconductor glass in North America is projected to experience solid microchip consumption of different smart electronics applications, thereby generating better prospects for glass manufacturers over the forecast era. Europe holds a prominent market share due to increasing demand for renewable energy sources like wind, hydroelectricity, solar power, requiring semiconductor chips that pushes the consumer demand. It is expected that Brazil and Mexico will continue to expand due to growing demand and technology growth for advanced electronics, which in turn boosts the market growth in Latin America. Middle East and Africa are witnesses relatively slow growth as a result of the impact of tight regulations by the governments slowing down business growth
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