Report : Europe 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)
Consumer Electronics Segment to Dominate Europe Glass Wafers Market during 2020–2028
According to a new market research study on “Europe Glass Wafers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End Use” is expected to reach US$ 58.48 million by 2028 from US$ 36.03 million in 2020. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the Europe glass wafers market along with the drivers and restraints pertaining to the market growth. An upsurge in the adoption of MEMs technology and application of glass wafer in various industries are the major factor driving the growth of the Europe glass wafers market. However, high set-up cost associated with glass wafers hinder the growth of Europe glass wafers market.
In case of COVID-19, in Europe, especially France, 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 European countries, i.e., Russia, UK, Italy, Spain and Germany. 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.
The market for glass wafers market is segmented into application, end use, and country. Based on application, the market is segmented into CMOS image sensor, integrated circuit (IC) packaging, LED, microfluids, FO-WLP, MEMS & RF and others. In 2020, the CMOS image sensor segment held the largest share Europe glass wafers market. Based on end use the glass wafers market is divided into energy, IT & telecommunication, consumer electronics, aerospace & defense, automotive, healthcare & biotechnology and others. The consumer electronics segment is expected to the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Europe glass wafers market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the European countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for glass wafers.
Schott AG, AGC Inc., Corning Incorporated, Plan Optik AG, Bullen, Nippon Electric Glass, Samtec Inc. and Shin-Etsu Chemical Co., Ltd. are among the leading companies in the Europe glass wafers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019 Plan Optik AG launched its new Cu-Interposer technology. In 2019, Corning announced that it has developed 300-millimeter diameter glass wafers in select refractive indexes optimized for augmented reality (AR) device makers.
The report segments the Europe Glass Wafers market as follows:
Europe Glass Wafers Market – By Application
- CMOS Image Sensor
- Integrated Circuit (IC) Packaging
- Mems and RF
Europe Glass Wafers Market – By End Use
- IT and Telecommunication
- Consumer Electronics
- Aerospace and Defense
- Healthcare and Biotechnology
Europe Glass Wafers Market – By Country
- Rest of Europe
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