The latest research study “Electronic Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global electronic ceramics market reached a value of US$ 11.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.8 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
Electronic ceramics are materials commonly used for performing electronic operations for a specific application. Some popularly available electro-ceramics variants include ferroelectric, piezoceramics, dielectric and conductive. They are widely used in electrical, optical, and magnetic applications. They offer improved wear and chemical resistance, enhanced strength, thermal and corrosion stability, and higher electrical conductivity than traditional materials. As a result, electronic ceramics find extensive applications in the healthcare, telecommunication, automotive, and electronic industries across the globe.
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Electronic Ceramics Market Trends:
The global electronic ceramics market is primarily driven by the rising product utilization in lighting, high-intensity discharge lamps, sensors, light-emitting diodes (LEDs), laser lighting systems and antenna components of unpowered gliders and sailplanes, lighter-than-air crafts and unmanned aerial vehicles (UAVs). Moreover, the surging product adoption in different consumer electronics, such as computers, cell phones, and controllers for signal reception and voice transmission, is positively influencing the market growth.
Besides this, the increasing use of electronic ceramics in surgical and diagnostic imaging tools that require precise functionality is contributing to the market growth. Furthermore, the development of highly efficient, lightweight electronic ceramics with improved thermal shock resistance, toughness, hardness, chemical resistance, and wear resistance has catalyzed the market growth. Other factors, including the escalating product demand in the automotive sector, rapid expansion in the aerospace industry, and product innovations, are also anticipated to drive the market further.
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Electronic Ceramics Market 2022-2027 Competitive Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Almatis GmbH
- American Elements
- APC International Ltd.
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Ferro Corporation
- Ishihara Sangyo Kaisha Ltd.
- Central Electronics Limited
- CeramTec GmbH
- Noritake Co. Limited
- Physik Instrumente (PI) GmbH & Co. KG.
- Sensor Technology Ltd.
- Venator Materials PLC (Huntsman Corporation).
Key Market Segmentation:
The report has segmented the market on the basis of region, material, application and end user.
Breakup by Material:
Breakup by Application:
- Data Storage Devices
- Optoelectronic Devices
- Actuators and Sensors
- Power Distribution Devices
Breakup by End User:
- Aerospace and Defense
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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