The report forecasts the global cover glass market to grow at a CAGR of 11.11% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Companies in this market are increasingly adopting the strategy of collaboration to expand their businesses and improve their market shares. For instance, Corning and Samsung are in a joint venture under the brand name Samsung Corning Precision Glass. The collaboration lowers price fluctuations, diminishes the supply-demand gap, and ensures the hassle-free production and integration of cover glass.
According to the report, the large-screen smartphone segment is the largest contributor in the global cover glass market and provides users with a wide range of applications with enhanced graphics and visuals. The user penetration for smartphones with screen sizes of five inches and above is growing substantially and is likely to drive the display market in the next five years.
Further, the report states that the global cover glass market is incurring high costs due to emerging technologies (e.g., touchscreens), overcapacity, competition, and significant investments in R&D. In addition, constantly evolving regional development laws and regulations have added to the cost of manufacture.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?