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Global Flexible Substrate for 5G Market Keeps Fast Growth with CAGR 29.54% - QYResearch Report

Author: QYResearch  |   Published Date: 2021-01-19   |   Views: 73

The global Flexible Substrate for 5G market was valued at US$ 28.17 million in 2019 and it is expected to reach US$ 362.6 million by the end of 2028, growing at a CAGR of 29.54% during 2020-2028.

A flexible substrate is a thin, heat-resistant material that is typically made of polymers. As 5G infrastructure rolls out, it creates demand for new materials for substrates that can support high-frequency operation. The flexible substrate for 5G includes liquid-crystal polymers (LCP), polyimides (PI), and polytetrafluoroethylene (PTFE), will compete with other emerging materials to meet this demand.

Global Flexible Substrate for 5G Market- Key Players

Murata, DuPont, Sumitomo, Fujikura, Mektron, Flexium Interconnect, Holitech are the major players in the global Flexible Substrate for 5G market.  Presently, the industry is concentrated and mainly dominated by the above companies.  The industry has technology barrier. With the surging of 5G, it is estimated that more companies will enter into the industry in the future.

Global Flexible Substrate for 5G Market- Driver Analysis

Related emerging technologies will be fully realized through the wide-scale deployment of 5G communication networks in combination with other connectivity solutions. The key functional drivers of 5G will unlock a broad range of opportunities, including the optimization of service delivery, decision-making, and end-user experience. This will result in $13.2 trillion in global economic value by 2035, generating 22.3 million jobs in the 5G global value chain alone.

Fast deployment of 5G globally will stimulate the demand of flexible substrates.

Global Flexible Substrate for 5G Market: Segmental Analysis

On the basis of product type, the flexible substrate can be divided into PI and LCP. Polyimides are a class of high-performance polymers that have been in mass production since 1955, mostly used today for aerospace, automotive, insulation, and flexible PCB applications. They have high heat tolerance, mechanical toughness, and thermal stability, but have poor moisture absorption for 5G applications. Recent modifications aim to decrease their dielectric constant and undesirably high moisture absorption. Liquid crystal polymer (LCP) is one of materials available for mm-Wave applications and is able to provide cost-effective solution.  Some LCP-based devices such as transmission line, mode transition between different transmission-lines, antenna and filter will be reviewed. It is demonstrated that LCP-based devices actually have shown good performance and LCP is especially suitable for consumer applications that require high reliability and cost-effectiveness. LCP segment is projected to account for the largest sales volume market share during the forecast period; this segment is estimated to account for 72.21% share in 2020 in terms of volume.


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