Electronic Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global electronic ceramics market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Electronic ceramics refer to materials that are primarily used for performing electronic functions for a particular application. Ferroelectric, piezoceramics, dielectric and conductive are some of the commonly available types of electro ceramics. They consist of ferrite-based permanent magnets and circuit devices that generate an electrical charge when pressure is applied under an electric field. They are widely used in electrical, optical, and magnetic applications. Radio-frequency identification (RFID), microelectromechanical systems (MEMs), multilayer ceramic capacitors (MLCCs), noise filters, sensors, and actuators are some of the components made of electro ceramics. As compared to traditional materials, electronic ceramic products exhibit enhanced electrical conductivity, higher strength, thermal and corrosion stability, and improved wear and chemical resistance. As a result, they are widely used across automotive, healthcare, telecommunication and electronic industries.
Electronic Ceramics Market Trends:
The significant growth in the aerospace industry across the globe is creating a positive outlook for the market. In line with this, electronic ceramics are used in sensors, lighting, high-intensity discharge lamps, light-emitting diodes (LEDs), laser lighting systems and antenna components of unpowered gliders and sailplanes, unmanned aerial vehicles (UAVs), and lighter-than-air crafts. Additionally, the widespread product incorporation in different consumer electronics, such as cell phones, computers and controllers for signal reception and voice transmission purposes, is favoring the market growth. Apart from this, the introduction of lightweight and high-performance electronic ceramics that exhibit greater density, thermal shock resistance, toughness, hardness, and chemical and wear resistance, are providing an impetus to the market growth. Moreover, the increasing utilization of electronic ceramics in diagnostic imaging and robotic surgical tools that need precision functionality is positively impacting the market growth. Other factors, including the increasing product demand in the automotive sector, are anticipated to drive the market further toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic ceramics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, application and end user.
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
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Venator Materials PLC (Huntsman Corporation).
Key Questions Answered in This Report
1. What was the size of the global electronic ceramics market in 2022?
2. What is the expected growth rate of the global electronic ceramics market during 2023-2028?
3. What are the key factors driving the global electronic ceramics market?
4. What has been the impact of COVID-19 on the global electronic ceramics market?
5. What is the breakup of the global electronic ceramics market based on the material?
6. What is the breakup of the global electronic ceramics market based on the application?
7. What is the breakup of the global electronic ceramics market based on the end user?
8. What are the key regions in the global electronic ceramics market?
9. Who are the key players/companies in the global electronic ceramics market?