How Has The Electronic CeramicsMarket Size Evolved In Recent Years?
The electronic ceramics market has seen considerable growth due to a variety of factors.
• The market for electronic ceramics has significantly expanded over the past few years. It is predicted that it would rise from a valuation of $12.01 billion in 2024 to $12.74 billion in 2025 with a compound annual growth rate (CAGR) of 6.1%.
The historical expansion can be linked to the surge in consumer electronics, expansion in telecommunications, automotive electronics, and applications of medical devices.
What Is The Projected Growth Of The Electronic Ceramics Market?
The electronic ceramics market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for electronic ceramics is anticipated to exhibit robust growth. The predicted market value is set to reach $15.78 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%.
This growth over the forecast period can be linked to the deployment of 5g technology, the integration of IoT and sensors, the development of electric vehicles, 5g advanced materials, and novel memory technologies. The forecast period is expected to see major trends such as technological innovation, IoT sensor technologies, the rise in memory technologies, the use of bioceramics in medical devices, and quantum computing.
What Are The Primary Growth Drivers In The Electronic Ceramics Market?
The electronic ceramic market is poised for growth, driven by the burgeoning automotive sector. The automotive industry stands as a vital cog in the global economic machinery, deeply intertwined with international value chains. Significant government backing has underpinned the sector's growth, enabling it to carve out a unique path among manufacturing industries. This development leads to an upsurge in the production of associated auto parts and electrical ceramics utilized in vehicles. For instance, a study done by the India Brand Equity Foundation in February 2022 noted a 25% surge in the Indian auto component market, rising from USD 4.1 billion (Rs. 31,116 crores) in 2020-21 to USD 5.3 billion (Rs. 38,895 crores) in the initial half of 2021-22. Therefore, the auto components' burgeoning demand, steered by the automotive industry's growth, will in turn boost the demand for electronic ceramics.
What Is The Segmentation Of The Global Electronic Ceramics Market?
The electronic ceramics market covered in this report is segmented –
1) By Product Type: Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings
2) By Application: Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators & Sensors, Power Distribution Devices
3) By End User: Electronics, Automobile, Medical, Aerospace & Defense
Subsegments:
1) By Monolithic Ceramics: Alumina Ceramics, Barium Titanate Ceramics, Zirconia Ceramics, Silicon Nitride Ceramics
2) By Ceramic Matrix Composites: Carbon Fiber Reinforced Ceramics, Silicon Carbide Matrix Composites, Oxide Matrix Composites
3) By Ceramic Coatings: Thermal Barrier Coatings, Electrical Insulation Coatings, Wear-resistant Coatings, Corrosion-resistant Coatings
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What Emerging Trends Are Shaping The Electronic Ceramics Market Landscape?
The adoption of technological advancements is an emerging trend in the electronic ceramics market. Leading companies in this sector are offering innovative and technologically superior products to cater to the expanding industry needs and to secure their market share. These enterprises are incorporating state-of-the-art electronic ceramic technologies, including piezoelectric materials, circuit carriers, actuators, sensors, fiber optics, among others, into their offerings. These enhancements provide electronic tools with mechanical, thermal, and chemical stability. For instance, Kyocera Corporation, a ceramics and electronics company based in Japan, in March 2023, introduced its latest high-speed ceramic optoelectronic device substrates and packaging at OFC. This includes high-mechanical-reliability ceramics meant for co-packaged optics, high-speed ceramic parcels for a 200g baud rate, high-speed TO can packages, and various other fiber-optic goods.
Who Are the Key Players in the Electronic Ceramics Market?
Major companies operating in the electronic ceramics market include:
• Maruwa Co. Ltd.
• Kyocera Corporation
• CeramTec GmbH
• Morgan Advanced Materials plc
• Murata Manufacturing Co. Ltd.
• CoorsTek Inc.
• Compagnie de Saint-Gobain SA
• NGK Insulators Ltd.
• Nippon Carbide Industries Co. Inc.
• Noritake Co. Ltd.
• Aum Techno Ceramics
• Advalue Technology LLC
• Heraeus Holding GmbH
• Ibiden Co. Ltd.
• KCM Corporation Co. Ltd.
• Tayca Corporation
• Samsung Electro-Mechanics Co. Ltd.
• TDK Electronics AG
• Ceradyne Inc.
• Niterra Co. Ltd.
• Rauschert Steinbach GmbH
• Enrg Inc.
• Mantec Technical Ceramics Ltd.
• Corning Inc.
• Ferro Corporation
• Taiyo Yuden Co. Ltd.
• KEMET Corporation
• Yageo Corporation
• Walsin Technology Corp
• Chaozhou Three-Circle Co. Ltd.
What are the Regional Insights into the Electronic Ceramics Market?
Asia-Pacific was the largest region in the electronic ceramics market in 2024 and is expected to be the fastest-growing region in the electronic ceramics market during the forecast period. The regions covered in the electronic ceramics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
