IMARC Group’s latest research report, titled “Electronic Ceramics Market Size: Global Industry Trends, Share, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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 represent the materials that are mainly utilized for performing electronic functions for a specific program. They are commonly available in various types, including piezoceramics, dielectric, conductive, etc. Microelectromechanical systems (MEMs), radio-frequency identification (RFID), multilayer ceramic capacitors (MLCCs), noise filters, sensors, actuators, etc., are some of the common components made of electronic ceramics. They exhibit enhanced electrical conductivity, thermal and corrosion stability, higher strength, improved wear and chemical resistance, etc., as compared to the traditional materials. Consequently, electronic ceramics find wide-ranging applications across several sectors, such as automotive, healthcare, telecommunications, defense, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by material, application, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Electronic Ceramics Market
- Strategies of major players and product offerings
The expanding aerospace industry is primarily driving the electronic ceramics market. Besides this, the widespread product adoption in laser lighting systems and antenna components of unpowered gliders, sensors, high-intensity discharge lamps, light-emitting diodes (LEDs), unmanned aerial vehicles (UAVs), sailplanes, etc., is also augmenting the market growth. Moreover, the increasing utilization of electronic ceramics in computers, cell phones, controllers, etc., for voice transmission and signal reception purposes is also positively influencing the global market. Apart from this, the escalating demand for electronic ceramics in diagnostic imaging and robotic surgical tools is acting as another significant growth-inducing factor. Additionally, the introduction of lightweight and high-performance variants that exhibit greater density, thermal shock resistance, toughness, hardness, chemical and wear resistance, etc., is projected to fuel the global electronic ceramics market in the coming years.
Key Players Included in Global Research Report:
- Almatis GmbH
- American Elements
- APC International Ltd.
- Central Electronics Limited
- CeramTec GmbH
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Ferro Corporation
- Ishihara Sangyo Kaisha Ltd.
- Noritake Co. Limited
- Physik Instrumente (PI) GmbH & Co. KG.
- Sensor Technology Ltd.
- Venator Materials PLC (Huntsman Corporation)
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Segmentation:
Breakup by Material:
- Alumina
- Zirconia
- Silica
- Others
Breakup by Application:
- Capacitors
- Data Storage Devices
- Optoelectronic Devices
- Actuators and Sensors
- Power Distribution Devices
- Others
Breakup by End User:
- Electronics
- Automobile
- Medical
- Aerospace and Defense
- Others
TOC for the Electronic Ceramics Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Electronic Ceramics Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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As per the report, the global electronic ceramics industry was pegged at $11.3 billion in 2019, and is projected to reach $16.6 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.Major determinant of the market growth: Increase in demand from the major end-users and the emergence of novel technologies that demand more electroceramics drive the growth of the global electronic ceramics market.
The abrupt shutdown of operations due to the Covid-19 outbreak hampered the entire electronic ecosystem.The Covid-19 pandemic disrupted the supply chain and created a shortage of raw materials.The pandemic hampered smartphone sales in the first quarter of 2020 and major smartphone companies had to make contingency plans for the future.However, as organizations adopted work from home culture, the demand for wireless networks and consumer electronics such as laptops and smartphones has been increased.The alumina segment held the lion's share: By material, the alumina segment held the largest share in 2019, accounting for around two-fifths of the global electronic ceramics market, as it is used for thick-film and thin-film ceramic substrates.
However, the silica segment is anticipated to register the highest CAGR of 6.4% during the forecast period, due to rise in demand for miniaturized electronic components such as capacitors for avionics, automotive systems, aerospace, and military applications.Get Detailed COVID-19 Impact Analysis on the Electronic Ceramics Market @ https://www.alliedmarketresearch.com/request-for-customization/8082?reqfor=covidThe optoelectronic devices segment to manifest the highest CAGR through 2027: By applications, the optoelectronic devices segment is expected to portray the highest CAGR of 6.3% from 2020 to 2027, owing to the increase in use of such devices in the aerospace, IT, automotive, and healthcare industry.
However, the capacitors segment dominated the market in 2019, accounting for nearly one-third of the global electronic ceramics market, due to rise in demand for miniaturized electronic components such as capacitors for avionics, automotive systems, aerospace, military, and industrial telecommunication systems.Asia-Pacific, followed by North America, to register the fastest CAGR by 2027: By region, the market across Asia-Pacific is projected to manifest the highest CAGR of 6.1% during the forecast period.
The region held the largest share in 2019, accounting for more than half of the market, owing to high consumer presence in countries such as India, China, Japan, and Taiwan coupled with the presence of a well-established electronic manufacturing base in Asia-Pacific.
However, the global electronic ceramics market across North America is expected to register a CAGR of 4.9% from 2020 to 2027.Key Market PlayersAmerican ElementsCoorsTek Inc.Compagnie de Saint-Gobain S.A.Hoganas ABFerro CorporationL3Harris Technologies Inc.Ishihara Sangyo Kaisha Ltd.Physik Instrumente GmbH & Co. KG.Merck KgANoritake Co. Ltd.Venator Materials Plc.Sensor Technology Ltd.Interested in Procuring This Report?
As per the report, the global electronic ceramics industry was pegged at $11.3 billion in 2019, and is projected to reach $16.6 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.Major determinant of the market growth: Increase in demand from the major end-users and the emergence of novel technologies that demand more electroceramics drive the growth of the global electronic ceramics market.
The abrupt shutdown of operations due to the Covid-19 outbreak hampered the entire electronic ecosystem.The Covid-19 pandemic disrupted the supply chain and created a shortage of raw materials.The pandemic hampered smartphone sales in the first quarter of 2020 and major smartphone companies had to make contingency plans for the future.However, as organizations adopted work from home culture, the demand for wireless networks and consumer electronics such as laptops and smartphones has been increased.The alumina segment held the lion's share: By material, the alumina segment held the largest share in 2019, accounting for around two-fifths of the global electronic ceramics market, as it is used for thick-film and thin-film ceramic substrates.
However, the silica segment is anticipated to register the highest CAGR of 6.4% during the forecast period, due to rise in demand for miniaturized electronic components such as capacitors for avionics, automotive systems, aerospace, and military applications.Get Detailed COVID-19 Impact Analysis on the Electronic Ceramics Market @ https://www.alliedmarketresearch.com/request-for-customization/8082?reqfor=covidThe optoelectronic devices segment to manifest the highest CAGR through 2027: By applications, the optoelectronic devices segment is expected to portray the highest CAGR of 6.3% from 2020 to 2027, owing to the increase in use of such devices in the aerospace, IT, automotive, and healthcare industry.
However, the capacitors segment dominated the market in 2019, accounting for nearly one-third of the global electronic ceramics market, due to rise in demand for miniaturized electronic components such as capacitors for avionics, automotive systems, aerospace, military, and industrial telecommunication systems.Asia-Pacific, followed by North America, to register the fastest CAGR by 2027: By region, the market across Asia-Pacific is projected to manifest the highest CAGR of 6.1% during the forecast period.
The region held the largest share in 2019, accounting for more than half of the market, owing to high consumer presence in countries such as India, China, Japan, and Taiwan coupled with the presence of a well-established electronic manufacturing base in Asia-Pacific.
Visit Here: https://www.alliedmarketresearch.com/electronic-ceramics-market/purchase-optionsKey Market PlayersAmerican ElementsCoorsTek Inc.Compagnie de Saint-Gobain S.A.Hoganas ABFerro CorporationL3Harris Technologies Inc.Ishihara Sangyo Kaisha Ltd.Physik Instrumente GmbH & Co. KG.Merck KgANoritake Co. Ltd.Venator Materials Plc.Sensor Technology Ltd.Obtain Report Details: https://www.alliedmarketresearch.com/electronic-ceramics-market-A07717About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon.
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