The global 5G Substrate Materials Market is projected to grow at an impressive rate through 2028. This can be ascribed to the growing investments toward the adoption and deployment of 5G communication across the globe. Globally, China and the United States are significantly ahead of other nations in their 5G rollout, with a combined 652 cities, with 356 cities in China and 296 cities in the United States respectively.

Besides, the growing need to develop high-performance advanced materials enabling the rollout of 5G technologies is expected to support market growth in the coming years. Furthermore, a surge in the number of internet users worldwide and edge computing devices is expected to foster the growth of the global 5G substrate materials market. In 2021, the number of internet users worldwide was 4.9 billion, up from 4.6 billion in 2020.

Growing Demand from Various End User Industries

The increasing demand for 5G substrate materials from various end-user industries such as automotive radars, 5G base station antennas, and smartphone antennas is expected to drive market growth in the coming years. Similarly, the growing trend of miniaturization across electronic devices is further expected to support the market growth for 5G substrate materials. Also, increasing demand for nanotechnology and high-end computing system is further expected to boost market growth in the coming years.

Increasing Investments in Deployment of 5G Network

Various countries across the globe are making heavy investments in order to deploy and increase their 5G network. In the race of deploying a 5G network, countries are pushing toward advanced 5G plans and building a more comprehensive core network of base stations and equipment. Various countries such as China, the United States, the Philippines, and South Korea, among others have made significant strides toward 5G deployment. As of April 2022, the number of cities in which 5G is available in the Philippines was 98, and that in South Korea was 85. China is leading across the globe in terms of 5G deployment owing to the initiatives taken by the government and various players operating in the market.

Market Segmentation

The global 5G Substrate Materials Market can be segmented based on material, application, and region. Based on material, the market can be categorized into polytetrafluoroethylene, polyimide, liquid crystal polymer, and others. Based on application, the market can be segmented into smartphones, base stations, and others. Regionally, the market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. China holds a significant position in the 5G substrate materials market owing to the growing number of 5G base stations and the presence of various smartphone manufacturers such as Huawei and Apple.

CT Bureau