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(Hosting-NewsWire.com, April 15, 2020 ) Market Overview The Global Smartphone Cover Glass Market is expected to grow at a CAGR of 23.10% during the forecasting period (2019-2026). The smartphone cover glass is the actual glass that covers the display screen. Smartphone cover glasses are used to protect the display screen from breakages when dropped. These cover glasses are used to protect front and rear panels and cameras of the smartphone. The cover glass is produced by molding, cleaning, and cutting of glass sheet.
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Market Drivers Significant factors that drive the global smartphone cover glass market is the increase in the usage of smartphones and due to the fragility of the smartphone display screen. In October 2015, according to the survey conducted by Motorola at least 50% of people worldwide have experienced a cracked smartphone screen at least once. The statistic illustrates the total number of smartphone users worldwide from 2014 to 2020. By 2020, the number of smartphone users is forecast to reach 2.87 billion. Factors such as easy cover glass breakage, lack of experimentation on elements used in cover glass to make them highly durable hinder the growth of global smartphone cover glass market globally. Segmentation Analysis Global smartphone cover glass is segmented into gorilla glass, sapphire glass and dragon trail glass based on its type. Among all models, significant market share is occupied by gorilla glass because it is less expensive and more durable compared to others. A gorilla glass display costs less than USD 3, while a sapphire display would cost about USD 30. Further based on the application the market is segmented into android, IoS, windows, and others. Android smartphones occupy significant revenue. According to Statcounter study in 2018, the number of Android smartphone users are 75%of total smartphone users. Smartphone cover glass is segmented into 2D, 2.5D, 3D based on the structure of the display. 2D cover glasses are used for a flat display screen, 2.5D is used in Flat screens with curved edges, and 3D is used in the curved screen, and it is mostly used in virtual reality (VR), smartphone, wearable device, and many more. Among all 3D is an upcoming and most dominant market in 2019 and even projected to grow more in the forecast period due to increase in its applications in wearable devices, smartphones such as Xiaomi 6 pro, Samsung Galaxy A6, Oppo A7 and so on. For instance, in September 2017 Apple had launched iPhone8, iPhone8 Plus, and iPhone X where OLED+3D dual-curved glass was used, giving a new push to the 3D glass manufacturing industry.
Geography Analysis The Asia Pacific occupies the significant share in global smartphone cover glass market. The Asia-Pacific smartphone cover glass market is segmented into China, India, Japan, Taiwan, South Korea, and rest of Asia-Pacific. The shipments of smartphones in the Asia-Pacific is high as compared to other regions owing to growing usage of smartphones in the countries such as China and India. Moreover, major smartphone companies are showing interest to launch new smartphone models in India and South East Asia which will increase the demand for smartphone cover glass market in this region. The statistic illustrates smartphone unit shipments in the Asia Pacific from 2013-2017. In 2017, 301.2 million smartphones were shipped in the Asia Pacific.
Competitive Landscape Significant players in global smartphone cover glass market are AvanStrate, NEG, Schott, Biel crystal, Lens technology, TPK, AGC Asahi and others. Most of the key of the companies are highly investing for designing various cover glasses using advanced techniques. Few of the companies are also eyeing for strategic partnerships and expansions to broaden product portfolio and increase geographical footprint. Continual new product launches and product-line extensions are one the key strategies followed by almost all the market players to sustain market competitiveness. For instance, in November 2018, SCHOTT developed Xensation 3D cover glass with lithium alumino-silicate (LAS), a highly reliable material. In May 2018, AGC Asahi glass manufacturer, a Japanese company developed a 0.07mm new flexible cover glass that can be used in flexible smartphones. In July 2018, Cornings Gorilla glass introduced Gorilla glass six which is 2X times stronger than gorilla glass 5. In June 2017, Schott made a co-branding agreement with BLACK ROCK for the sale of ultra-thin glass (0.1-0.3mm). In July 2016, Corning Gorilla glass introduced Gorilla glass 5 version to improve the survival of glass from a height around 1.6 meters. In February 2016, AGC Asahi glass one of the leading manufacturer of glass declared the developed of multi-thickness smartphone cover glass which can even accommodate a fingerprint sensor. In February 2016, TPK joined Fingerprint Cards (FPC) and made cover glass prototypes integrating the FPC1268 touch fingerprint sensor
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