Asia Pacific Glass Wafers Market to Grow at a CAGR of 9.3% to reach US$ 384.27 million from 2021 to 2028

The glass wafers market in Asia Pacific is expected to grow from US$ 186.83 million in 2020 to US$ 384.27 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.

Asia Pacific continent comprises several developing economies such as India, China, Japan, South Korea, Australia, among others. These emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the glass wafer market. The glass wafer market in the countries of Asia Pacific has experienced a considerable shift over the years. The massive growth of the Asia-Pacific region is due to a manufacturing base in the emerging economies, such as India, Japan, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries. The Asia Pacific region encompasses an ample amount of opportunities for the growth of glass wafer. The glass wafer market in the Asia Pacific region has been driven by various properties of glass wafer which are thermal stability, chemical resistance, superior functionality and is extremely reliable in order to withstand harsh environments. Attributed to the Asia Pacific region's flourishing economic conditions, there has been a spur in its industrial activities.

In case of COVID-19, in Asia Pacific, especially India, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of glass wafers manufacturing activities; other glass components manufacturing sector has subsequently impacted the demand for glass wafers during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of glass equipment manufacturing projects, thereby reducing the demand for glass wafers. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China, Australia and South Korea. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific glass wafers market. Glass wafers have now increasingly been used in various industries such as consumer electronics, healthcare and biotechnology, automotive, aerospace and defense, IT and telecommunications, and many more. The rise in demand for compact electronics across the world has led to a high degree of miniaturization. Glass wafers are used as a carrier substrate in the production of semiconductor wafers which has become an essential part of most electronic products such as tablets, mobiles, wearable devices, etc. There are many electronic devices such as laptops, smartphones which use integrated circuits and semiconductors, which increases the demand for glass wafer. In the automotive industry, the glass wafer is mostly used for the protection of exterior lights, used in the automated driving system, and also in the communication systems of vehicles. In the aerospace and defense sector, the glass wafer is mostly used in commercial sensing. It is also used for navigation and displays, as well as for electronics and sensors. The increase in the demand for high memory applications in industries is going to drive the glass wafer market.

Asia Pacific Glass Wafers Market Segmentation   

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sia Pacific Glass Wafers Market – By Application

• CMOS Image Sensor
• Integrated Circuit (IC) Packaging
• LED
• Microfluidics
• FO-WLP
• Mems and RF
• Others

Asia Pacific Glass wafers Market – By End Use

• Energy
• IT and Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Automotive
• Healthcare and Biotechnology
• Others

Asia Pacific Glass Wafers Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific Glass Wafers Market-Companies Mentioned

• Schott AG
• AGC Inc.
• Corning Incorporated
• Plan Optik AG
• Bullen
• Nippon Electric Glass Co. Ltd.
• Samtec Inc.
• Shin-Etsu Chemical Co., Ltd.  

Asia Pacific Glass Wafers Market Report Scope