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Seoul, South Korea, Aug. 04, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global low-loss materials for 5G market is estimated at US$ 13.9 million in 2022 and is expected to expand at an astonishing CAGR of 25.4% during the forecast period of 2022-2032. The market is anticipated to grow due to the remarkable use case and higher transmission efficiency provided by these materials.
5G technology is not just an experience of streaming high-quality videos at a high downloading speed on mobile devices. It also helps in enabling global connection between devices used in various industries, from automotive to remote monitoring using robots. Based on emerging applications, 5G is one of the rapidly growing markets expected to reach US$ 720 billion by 2030.
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The 5G technology revolution highly depends on high frequency-based (mmWave 5G) technology. At this high level of frequency, many devices and technologies deployed are facing challenges such as significant transmission loss, requirement of high power, and higher heat generation. Because of high data transfer speeds, reducing the loss of signal and data during transmission is desirable even at sub 6GHZ 5G.
Usage of 5G mobile devices is continuously rising pertaining to the rapid deployment of 5G networks across the world. Low-loss materials are required to prevent poor signals and prevent transmission loss issues at high-frequency levels, as even the slightest obstacle such as walls, trees, and vehicles cause a disturbance. Thereby, the need for low-loss materials such as PTFE, ceramics, glasses, PPE, etc., will increase rapidly to reduce/prevent the loss of signal and transmission, and reduce the requirement of an exceptionally higher number of repeater devices.
Why is Demand for Low-Loss Materials for 5G Set to Explode Over the Coming Years?
“Need for High Connectivity & Data Transmission without Signal Loss”
Future demand for high-level connectivity to make life easier as all the things around us like our homes, cars, and even cities are now getting smart. For enabling them to act as smart devices, there is a need for 5G connectivity that can sustain the faster speed of data transfer and also can minimize the noise involved. Such requirements are creating demand for low-loss materials that help prevent signal loss.
To facilitate the unprecedented upside change in mobile data traffic, it is required to shift networks from 4G to 5G. It is now becoming impossible to fulfill data transmission speed demand from this high mobile traffic with the current infrastructure.
5G networks not only provide connectivity and data transfer at high speed but also help in low latency and improved reliability. It is being said that high frequency depends on the type of application involved, but the truth is higher the data transfer rate, higher the probability of signal/transmission loss.
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Key Segments Covered in the Low-Loss Materials Industry Survey
- By Material Type :
- Substrate Materials
- Organic Materials
- PTFE
- LCP
- Thermoset Resins
- PPO
- PPS
- Polyimide
- Others
- Inorganic Materials
- Glass
- Ceramic & LTCC
- HTCC
- Others
- Package Materials
- EMC / MUF
- EMI Shielding with Inks
- Advanced Package Materials (SiP, AiP)
- By Frequency :
- By End Use :
- Smartphones
- Infrastructure
- Customer Premise Equipment (CPE)
Competitive Landscape
The business environment in the low-loss materials for 5G market continues to reflect high growth in the industry. To sustain for a long term in the market, prominent manufacturers are using strategies such as supply contracts, research and development, etc.
Furthermore, manufacturers are making continuous efforts to expand their customer base by entering into growing 5G markets and regions. Also, market players are concentrating on diversifying their product offerings by developing new products to offer the smart and latest materials.
Prominent low-loss material for 5G manufacturers are DuPont, Sartomer (Arkema), AGC Chemicals, Toray Industries, Mitsubishi Gas Chemicals, JSR Corp, Hitachi Chemicals, SABIC, Solvay, Kyocera, and Sumitomo Bakelite.
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Key players in the Low-Loss Materials Market
- DuPont
- Sartomer (Arkema)
- AGC Chemicals
- Toray Industries
- Mitsubishi Gas Chemicals
- JSR Corp
- Hitachi Chemicals
- SABIC
- Solvay
Key Takeaways from Low-Loss Materials Market Study
- The global low-loss materials for 5G market is anticipated to surge ahead at CAGR of 25.4% and reach US$ 133.6 million by 2032.
- The market witnessed 17.7% CAGR from 2017 to 2021.
- Under frequency, mmWave 5G dominates the market and is valued at US$ 9.2 million in 2022.
- East Asia dominated the market with 34.5% market share in 2021.
- Demand from smartphones, under the end-use segment, is likely to represent 32.4% market share in 2022.
Fact.MR's Domain Expertise in Chemicals and Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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