With the advent of 5G technology, a sufficient number of base stations are deployed in any area. These 5G base station units also generate significant demand for thermal management solutions. Radio units, baseband units, servers, and routers are the key locations that require constant monitoring of thermal management and uses thermal interface materials such as phase change materials, thermal pads, and thermal gels between heat sinks and heat radiating radio frequency (RF) and power components. Various unicorn companies of the 5G ecosystem are working on conducting research and development for 5G-enabled antennas to cater to the growing demand for 5G infrastructure across the globe. Some of the key market players are Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, and Ericsson. These companies' dominance differs from region to region, depending on their collaborative contracts with countries’ telecom operators. Some of the active telecom operators successfully achieving 5G infrastructure in the countries are Verizon, Vodafone, China Telecom, China Unicom, LG U+, AT&T, and KDDI.
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Governments of various nations are strengthening the push toward developing 5G equipment and infrastructure to lead in the 5G race. Organizations are researching and developing new technologies that can achieve a breakthrough in the 5G industry. The 5G equipment manufacturers ecosystem has many budding players, thriving toward achieving new antenna technologies and products in the market. The Horizon 2020 work program promotes innovation of 5G networks in Europe, China, the U.S., and Taiwan, including cross-border connected and automated mobility while conducting 5G trials across different vertical industries. Asia-Pacific and Japan (APJ) countries also have significant telecom players, such as SK Telecom, China Unicom, SoftBank, LG U+, and Optus. These companies collaborate with 5G equipment manufacturers and suppliers, such as Ericsson, Huawei, and Nokia, to deploy 5G base stations. The MIMO technology accelerates the performance of a 5G infrastructure, enhancing the unit's overall efficiency. The shift toward 5G technology also affects the business development and simultaneously ramp up the demand for new thermal interface materials with high thermal conductivity, low thermal resistance, and low dielectric constant.
The competitive landscape of the global thermal interface materials market consists of different strategies undertaken by key players across the thermal interface materials industry to gain traction and market share presence. Some strategies adopted by thermal interface materials manufacturers are new product launches, business expansions, mergers, partnerships, and collaborations.
Among all these strategies adopted, product launches have led to the popular choice of the strategy implemented in the thermal interface materials market's competitive landscape. Some of the most prominent ecosystem players are Parker Hannifin Corp, Laird Technologies, Inc., and Henkel Corporation. For instance, In July 2020, Dow launched a thermally conductive gel for sensitive electronic components targeting 5G technology, called DOWSIL TC-3065 thermal gel. This gel can be used for ethernet switches, optical transceivers, and routers. In September 2020, Parker Hannifin Corp launched a new thermal interface material called THERM-A-GAPTM GEL 37, especially for 5G telecom infrastructure equipment and the automotive in-cabin market at a very competitive price point.
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The COVID-19 pandemic has negatively impacted various business segments of the supply chain in the first quarter of 2020. The supply chain disruption 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 equipment in the manufacturing industry. The European countries have delayed the frequency auction for 5G networks across most of the region. Major European countries, such as France, Austria, and Spain, have postponed their 5G spectrum allocation schedule for late 2021. Due to the COVID-19 situation, European countries and North American countries witness cash flow issues and unclear revenue prospects, leading to cutbacks of technology deployment plans in the countries. Being the epicenter of the COVID-19 pandemic, China has recovered from the pandemic so far and is looking forward to starting a 5G deployment. The Chinese government is also actively pushing the deployment and infrastructure work for 5G, leveraging the vast manufacturing facilities of domestic companies and 5G telecom companies, such as Huawei Technologies Co., Ltd and ZTE Corporation.
