Industry Background:
Due to stringent environmental regulations as well as a growing awareness about the automobile emission has increased the adoption of filters or metallic/non-metallic substrates to minimize the pollutions. It has ultimately increased the demand for an automobile as well as industrial substrates. The automobile substrates can be defined as metallic or non-metallic unfinished products that are to be finished polished and painted and which can be anything from an old finish or primer to an unpainted surface. These substrates are helpful in improving automobile efficiency directly or indirectly. Moreover, with robust growth of the automobile industry, the demand for automotive substrates will be on higher side.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Ibiden Co. Ltd. (Japan), LG Innotek (South Korea), Kyocera Corporation (Japan), Corning Inc. (United States), SimmTech Co., Ltd. (South Korea), NIKKO Company (Japan), Anaren, Inc. (United States), NGK Ceramics USA Inc. (United States), Maruwa Co. Ltd. (Japan) and Rogers Corporation (Germany) |
This growth is primarily driven by Alloy Substrates Comparatively Light Weight than the Conventional Metals and Growing Need for Advanced Architectures for Electronic Components used in the Automobiles.
Globally, a noticeable market trend is evident Growing Use of Ceramic Substrates over Traditional Metal Substrates
The Auto Parts & Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ibiden Co. Ltd. (Japan), LG Innotek (South Korea), Kyocera Corporation (Japan), Corning Inc. (United States), SimmTech Co., Ltd. (South Korea), NIKKO Company (Japan), Anaren, Inc. (United States), NGK Ceramics USA Inc. (United States), Maruwa Co. Ltd. (Japan) and Rogers Corporation (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021, Kyocera Corp of Kyoto, Japan acquired Goleta's SLD Laser. With 169 employees and facilities in both Santa Barbara and Fremont, CA, SLD Laser develops, manufactures and markets high-efficiency, high-brightness GaN laser-based products for automotive and mobility, specialty lighting, consumer and industrial applications.
On 20th February 2019, LG Innotek has begun to mass produce ToF (Time of Flight) module for a smartphone to secure the leading position in the high-tech 3D sensing component market that also enables measuring of flight-time distance. G8ThinQ, a new LG Electronics flagship smartphone to be released on the 24th, houses this ToF module on the front. This module is a high-tech 3D sensing component which perceives three-dimensionality, spatial information, and movement of an object by using the distance calculated based on the return time of the light shot towards and bounces off of a target object.
Regulatory Insights:
In order to minimize harmful emissions from automobile industry government authorities and other environmental pollution protection industry associations have issued emission control standards. Under which industries such as automobile manufacturers, power generation and chemicals are compelled to apply emission control systems to their vehicles and manufacturing plants in accordance with emission standards. As these standards get stricter, businesses have to constantly upgrade to new emission control systems. This has a positive impact on the emission control systems industry and its supply chain. Thus the number of manufacturers have started adopting substrates and filters for catalytic converters that help in controlling emissions from small and industrial automobiles which in turn has increased the demand for automobile substrates.
Influencing Trend:
Growing Use of Ceramic Substrates over Traditional Metal Substrates and Rising Adoption of Nanotechnology-based Technologically Enhanced Automotive Substrates
Market Growth Drivers:
Alloy Substrates Comparatively Light Weight than the Conventional Metals and Growing Need for Advanced Architectures for Electronic Components used in the Automobiles
Challenges:
Upsurging Raw Material Prices will ultimately increase the Manufacturing Cost and The Non-Metallic and Some Metallic Substrates Face Challenges such as Recyclability
Restraints:
Higher Manufacturing Cost and Complex Post Purchase Solutions and Comparatively Expensive Ceramic Substrates
Opportunities:
Growing Adoption of Non-Metallic and Light Weight Substrates and Robust Growth of Automobile Industry and respective Automobile Infrastructure across the Globe
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Substrates Market
- Analysis about New Entrants in Automotive Substrates Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Substrates Study Sheds Light on
The Automotive Substrates Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Substrates industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Substrates industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.