Consumer Electronics to Continue Driving Strong Demand for Glass Wafers
The global glass wafers market is expected to reach a total market size of close to $4.4 billion in 2023, rising from $1.1 billion in 2017 at a CAGR of 25% throughout the forecast period.
The global glass wafers market is expected to reach a total market size of close to $4.4 billion in 2023, rising from $1.1 billion in 2017 at a CAGR of 25% throughout the forecast period, according to a report available from Research and Markets. Increasing demand for various consumer electronics, including smartphones, laptops and televisions, will boost demand for glass wafers. In addition, the proliferation of Internet of Things (IoT) solutions will further add to the growing demand for these wafers.
Geographically, North America and Europe held a significant market share due to the regions’ increasing research and development expenditure for the advancement of glass wafers and the trend toward industrial IoT. The Asia-Pacific region will witness substantial growth in the coming years due to increasing manufacturing activities, favorable government policies promoting the semiconductor industry, improvement in the standard of living, and booming research expenditures on biotechnology.
Additional details are available at www.researchandmarkets.com.