Global Cover Glass Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

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The rising demand for smartphones is aiding the growth of the global cover glass market. In 2020, a total of 1.6 billion smartphone devices were shipped which were worth USD 482 billion in global sales, a robust 45% rise since 2013. Between 2010-2020, the total number of smartphones shipped globally is expected to cross 13 billion. In 2017, there were nearly 2.5 billion smartphone users in the world. This figure is expected to grow substantially in the coming years with 5.9 billion unique mobile subscribers accounting for 71% of the world’s population in 2026.

Corning’s Gorilla Glass dominated the smartphone display industry with a 73% penetration in the global smartphone industry in 2016. In 2016, it was installed on 2.5 billion smartphone devices. In 2020, Corning launched Gorilla Glass 6 which has better durability, damage-resistance and higher compressive strength than the previous iterations. Corning also dominates the display glass market, as a whole, accounting for 40% market share. Corning’s ion-strengthened Gorilla Glass is incorporated onto nearly 6 billion devices and is a major driving force behind the growth of the global cover glass industry.

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Market Segmentation

Market Analysis

The global cover glass market is being driven by the increasing smartphone consumption, combined with an increasing need to protect the fragile smartphone display screen. Cover glass is being preferred because of their better damage-resistance capabilities and greater durability than traditional soda-lime glass. It is increasingly being used in vehicle interiors with a growing inclusion of smart displays within automobiles. Thus, it is being used in automotive cockpits, touch panels, and other automotive systems like navigations systems and driving information displays. The growth in the sales of smartwatches since the launch of Apple Watch in 2016 is also propelling the growth of the cover glass industry. The shipments of smartwatches witnessed an increase of 48% in units in Q1 of 2017, as compared to Q1 2016.

The trend towards larger smartphones displays is also driving the industry growth. The smartphone screen industry will be dominated by the 5-6 inches screen in the coming years. The smartphone displays are taking up more screen space by stretching to the edge of the smartphone devices and eliminating the bezel or the border between the sides of a device and the display screen.

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Competitive Landscape

August 2018- Corning’s Corning® Gorilla® Glass DX+ was selected as the cover material for Galaxy watch by Samsung.

The report analyses the following key players in the global cover glass market, looking into their market share, capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and expansions:

• Corning Inc.
• AGC Inc.
• Schott AG
• Biel Crystal Manufactory Limited
• TPK Holding Co., Ltd.
• Nippon Electric Glass Co., Ltd.
• O-film Tech Co., Ltd.
• Others

The EMR report provides an in-depth insight into the global cover glass market by giving a SWOT analysis of the market as well as analysing Porter’s five forces.