The 5G substrate materials market’s competitive landscape consists of different strategies undertaken by major players across the 5G industry to gain traction and market share presence. Some strategies adopted by 5G substrate materials manufacturers are new product launches, business expansions, partnerships, and collaborations. Among all strategies adopted, new product launches have been leading the choice of the strategy implemented in the competitive landscape. Some of the prominent players of the ecosystem are Dupont de Nemours, Inc., Rogers Corporation, and Panasonic Corporation.
Business expansions is another one of the preferred strategies adopted by the market players to enhance their production capacities, global footprint, and product offerings. For instance, in 2019, Panasonic Corporation established a new factory for developing substrate materials catering to the growing demand for 5G market in China.
The COVID-19 pandemic had a negative impact on various business segments of the supply chain in quarter one of 2020. The disruption in the supply chain is primarily due to national lockdowns and import-export shipment delays across the world. Countries worldwide have halted their 5G deployment work for Q1 and Q2 of 2020, plummeting the demand for 5G substrate materials in the manufacturing industry. The European countries have delayed the frequency auction for 5G networks across much of the region. Major European countries such as France, Spain, and Austria have postponed their 5G spectrum allocation schedule for late 2020 or 2021. Due to the COVID-19 situation, European countries and North American countries are witnessing cash flow issues and unclear revenue prospects, that are leading to cutbacks of technology deployment plans in the countries. China being the epicenter of COVID-19 pandemic, has recovered from the pandemic so far and is looking forward to starting 5G deployment at the earliest. The Chinese government is also actively pushing the deployment and infrastructure work for 5G, leveraging the vast manufacturing and 5G telecom companies of the nation such as Huawei Technologies Co., Ltd.
The end-use industry of the 5G substrate materials also has witnessed a dip in the Q1 and Q2 sales of the companies. The global smartphone market is expected to drop significantly due to the downfall in the global economies of leading countries of the various regions such as Europe and North America. The customers are not willing to spend their disposable income, fearing the current recession in the market. Industry players are expecting to get back on wheels, covering up for the starting quarters of 2020, latest by Q4 of 2020 or 2021, fueling the demand in the global ecosystem for 5G substrate materials.
For Sample Report, Click here: https://bisresearch.com/requestsample?id=927&type=download
Countries are working on the deployment of 5G, curating various investment strategies, and collaborations in the market. More than 20+ countries across the world have access to 5G networks now. China, South Korea, and the U.S. are the top players deploying 5G at a breakneck pace in their cities. The key telecom players of various regions have been publicly announcing their 5G contracts for the deployment of 5G in their countries. For instance, North America has AT&T, Verizon, Sprint, and T-Mobile. Europe has a very fragmented telecom sector with a bunch of players such as Orange France, Swisscom, Vodafone Germany, and DiGi, among others. MEA has Zain, Etisalat, and MTN. APAC countries also have significant telecom players such as SK Telecom, SoftBank, LG U+, and Optus. These companies are collaborating with equipment manufacturers and suppliers such as Ericsson, Huawei, and Nokia to deploy 5G base station antennas in the base station towers. The growth in deployment of 5G base stations will automatically drive the demand for 5G substrate materials such as PTFE, PEEK, LCPs, and ceramics. These materials accelerate the performance of a 5G circuit board, enhancing the overall efficiency of the device. The shift toward 5G technology also affects the business development and commercialization activities of materials. Firms are aiming at entering the 5G material development segment, leveraging upon the growing demand in the market. Various companies with expertise in advanced chemicals and materials business segments have shown interest in venturing into the 5G substrate materials market. This is due to the high demand and growth prospects of the 5G business segment.
UPCOMING INDUSTRY TRENDS 