North America Glass Wafers Market Growth Opportunities and Forecast by 2028
North America Glass Wafers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (CMOS image sensor, Integrated Circuit (IC) Packaging, LED, Microfluidics, FO-WLP, MEMs and RF), End Use (Energy, IT & Telecommunication, Consumer Electronics, Aerospace & Defense, Automotive, Healthcare and Biotechnology)
- Report Date : May 2021
- Report Code : TIPRE00022127
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 124
The glass wafers market in North America is expected to grow from US$ 55.88 million in 2020 to US$ 103.78 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
The US, Canada, and Mexico are economies in North America. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Several domestic and international companies such as Corning Incoroprted, Bullen, Samtec Inc. and many more are operating in the glass wafer market have a strong foothold in the North American region. In this region, the United States is a significant market for glass wafers. The North American region primarily supports the growth of the glass wafer market through effective manufacture and trade policies. The United States-Mexico-Canada Agreement, which is also known as the (USMCA), is an agreement signed between the U.S., Canada and Mexico has eliminated most tariff and non-tariff barriers to free trade and investment between the three countries which will help in the trade between these countries.
In case of COVID-19, in North America, especially the US, 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 North American countries, i.e., Canada and Mexico. 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 North America glass wafers market. The North America glass wafers market is expected to grow at a good CAGR during the forecast period. 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
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North America Glass Wafers Market Segmentation
North America Glass Wafers Market – By Application
- CMOS Image Sensor
- Integrated Circuit (IC) Packaging
- LED
- Microfluidics
- FO-WLP
- Mems and RF
- Others
North America Glass wafers Market – By End Use
- Energy
- IT and Telecommunication
- Consumer Electronics
- Aerospace and Defense
- Automotive
- Healthcare and Biotechnology
- Others
North America Glass Wafers Market, by Country
- US
- Canada
- Mexico
North America Glass Wafers Market-Companies Mentioned
- Schott AG
- AGC Inc.
- Corning Incorporated
- Plan Optik AG
- Bullen
- Nippon Electric Glass Co. Ltd.
- Samtec Inc.
- Coresix Precision Glass Inc.
- Swift Glass
- Shin-Etsu Chemical Co., Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application Packaging, End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Glass Wafers Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Glass Wafers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increments in the Adoption of MEMs Technology
5.1.2 Application of Glass Wafer in Various Industries
5.2 Restraint
5.2.1 High set-up cost
5.3 Opportunity
5.3.1 Increasing demand in North America
5.4 Future Trend
5.4.1 Innovative Applications for Glass Wafer
5.5 Impact Analysis of Drivers and Restraints
6. Glass Wafers – North America Market Analysis
6.1 Glass Wafers Market Overview
6.2 North America Glass Wafers Market –Revenue and Forecast to 2027 (US$ Million)
7. North America Glass Wafer Market Analysis – By Application
7.1 Overview
7.2 North America Glass Wafer Market Breakdown, By Application, 2020 & 2028
7.3 CMOS Image Sensor
7.3.1 Overview
7.3.2 CMOS Image Sensor: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Integrated Circuit Packaging
7.4.1 Overview
7.4.2 Integrated Circuit Packaging: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 LED
7.5.1 Overview
7.5.2 LED: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 MEMs and RF
7.6.1 Overview
7.6.2 MEMs and RF: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.7 Microfluidics
7.7.1 Overview
7.7.2 Microfluidics: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.8 FO WLP
7.8.1 Overview
7.8.2 FO WLP: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
7.9 Other Applications
7.9.1 Overview
7.9.2 Other Applications: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8. North America Glass wafer Market Analysis – By End Use
8.1 Overview
8.2 Glass Wafer Market Breakdown, By End Use2020 & 2028
8.3 Energy
8.3.1 Overview
8.3.2 Energy: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 IT and Telecommunications
8.4.1 Overview
8.4.2 IT and Telecommunications: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Consumer Electronics
8.5.1 Overview
8.5.2 Consumer Electronics: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.7 Automotive
8.7.1 Overview
8.7.2 Automotive: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.8 Healthcare and Biotechnology
8.8.1 Overview
8.8.2 Healthcare and Biotechnology: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
8.9 Other End-Use
8.9.1 Overview
8.9.2 Others End-Use: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
9. North America Glass Wafer Market – Country Analysis
9.1 Overview
9.1.1 North America: Glass wafer Market, by Key Country
9.1.1.1 US: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Glass Wafer Market, by Application
9.1.1.1.2 US: Glass Wafer Market, by End Use
9.1.1.2 Canada: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Glass wafer Market, by Application
9.1.1.2.2 Canada: Glass wafer Market, by End Use
9.1.1.3 Mexico: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Glass wafer Market, by Application
9.1.1.3.2 Mexico: Glass wafer Market, by End Use
10. Overview- Impact of COVID-19 on North America Glass Wafers Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Product Launch
11.3 Product News
11.4 Partnership
11.5 Expansion
12. Company Profiles
12.1 SCHOTT AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AGC Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Corning Incorporated
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Plan Optik AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 BULLEN
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nippon Electric Glass Co.,Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SAMTEC, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Shin-Etsu Chemical Co., Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Coresix Precision Glass, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Swift Glass
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Glass Wafers Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. US Glass Wafers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. US Glass Wafers Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Glass Wafers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Glass Wafers Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Glass Wafers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Glass Wafers Market, by End-Use – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, Glass Wafers Market
LIST OF FIGURES
Figure 1. Glass Wafers Market Segmentation
Figure 2. North America Glass Wafers Market Segmentation – By Country
Figure 3. North America Glass Wafers Market Overview
Figure 4. Consumer Electronics Segment Held Largest Share of North America Glass Wafers Market
Figure 5. US Held Largest Share of North America Glass Wafers Market
Figure 6. North America Glass Wafers Market, Key Market Players
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Glass Wafer Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Glass Wafers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Glass Wafer Market Breakdown, By Application, 2020 & 2028
Figure 12. CMOS Image Sensor: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Integrated Circuit Packaging: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. LED: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. MEMs and RF: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Microfluidics: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. FO WLP: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Other Applications: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Glass Wafer Market Breakdown, By End Use, 2020 & 2028 (%)
Figure 20. Energy: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. IT and Telecommunications: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Consumer Electronics: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Aerospace and Defense: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Automotive: Glass Wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Healthcare and Biotechnology: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Other End-Use: Glass wafer Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. North America: Glass Wafers Market, by Key Country – Revenue (2020) (USD Million)
Figure 28. North America: Glass wafer Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Glass wafer Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in North American Country Markets
- Schott AG
- AGC Inc.
- Corning Incorporated
- Plan Optik AG
- Bullen
- Nippon Electric Glass Co. Ltd.
- Samtec Inc.
- Coresix Precision Glass Inc.
- Swift Glass
- Shin-Etsu Chemical Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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