As cited by the business intelligence report titled ‘Global 5G Substrate Market Analysis, 2020’ available with Market Study Report, global 5G substrate market is slated to record a stellar compound annual growth rate of 54% during 2020-2025.
 

Research analysts claim that increasing investments towards large-scale 5G infrastructural development coupled with rising adoption of 5G network infrastructure across the automotive industry vertical are augmenting the expansion of global 5G substrate market.
 

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For the uninitiated, 5G refers to the fifth-generation wireless network technology which is primarily utilized in the telecommunication sector. Substrates, on the other hand, are the base on which a thin film of a material is coated for circuits to be etched on them.
 

Additionally, widespread applications of the technology in AR & VR devices as well as the sectors of manufacturing and automotive, increasing government investments towards the deployment of 5G mobile networks, rising adoption of IoT technologies in smart cities, and flourishing 5G infrastructure in China are stimulating the global 5G substrate market outlook.
 

Based on type, the polyimide segment is calculated to exhibit the highest annual growth rate over the stipulated timeframe, on account of cost-efficiency and its surging demand in mmWave substrates. Alternatively, the glass and ceramic segments are also expected to attain substantial expansion through 2025.
 

Speaking of the application spectrum, the base-station antennas segment accounted for a significant part of the global 5G substrate market share and is predicted to amass lucrative gains during the study period. Widespread applications of 5G networks in autonomous vehicles as well as smartphones along with rising adoption of Industry 4.0 systems are fostering the expansion of the segment.
 

From a regional point of view, the overall industry is fragmented into Asia-Pacific, Middle East & Africa, Europe, North America, and South America.
 

Key participants of global 5G substrate market include Ventec International Group Co., Taiwan Union Technology Corporation, Toray Industries, Inc., The Chemours Company, Sumitomo Chemical Co., Ltd., Rogers Corporation, PolyOne Corporation, Panasonic Corporation, Kaneka Corporation, ITEQ Corporation, DuPont de Nemours, Inc., Daikin Industries, Ltd., and AGC Inc.