Electronic Ceramics Market Size, Share and Industry Analysis Report by Product (Ferroelectric, Piezoelectric, Pyroelectric) and End-user (Home Appliances & Consumer Electronics, Healthcare, Automotive & Transportation, Telecommunication & Power Transmissi

Electronic Ceramics Market Size, Share and Industry Analysis Report by Product (Ferroelectric, Piezoelectric, Pyroelectric) and End-user (Home Appliances & Consumer Electronics, Healthcare, Automotive & Transportation, Telecommunication & Power Transmission), Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 - 2027

The electronic ceramics market is estimated to grow by 2027 owing to the rising use of electronic products and the rapid digitalization of all processes around the world. Additionally, increasing defense related investments from various countries owing to the escalating geopolitical tensions will also foster the industry scenario.

Moreover, rising investments towards R&D by leading industry players to build more compact and lighter iterations of enhanced electronic components is also projected to spur market outlook in the coming years.

Electronic ceramics or electroceramics are a type of material that can carry out an electronic function for an application. The product’s distinct features enable it to have a wide range of applications in the electrical and electronics, automotive, healthcare, energy conversion and storage, automation, and telecommunications industries.

With the COVID-19 pandemic highlighting supply-chain pain-points with regards to the production and supply of electronic components, industry players have been moving towards localizing production and diversifying their product portfolios to meet an unquenching demand.

In fact. recently, Japanese multinational electronics firm, TDK Corporation, reportedly announced that it has expanded its CN series of MLCCs (multilayer ceramic capacitors), which are the industry first of their kind. The MLCCs have been designed to be used in the electronic control units for automobiles; a sector that has been suffering from electronic components shortage over the past year.

The electronic ceramics market has further been segmented on the basis of product, end-user, and region.
Based on product, the market has been divided into piezoelectric ceramics, pyroelectric ceramics, ferroelectric ceramics, and others. The pyroelectric ceramics segment is likely to see a respectable amount of growth and register a CAGR of more than 5.0% through the forecast timeline. These types of ceramics are used in burglar alarms, infrared & thermal imaging, and pollution control devices; all of which are witnessing tremendous demand on the back of changing building codes.

In terms of end-user, the market has been categorized into home appliances & consumer electronics, healthcare, automotive & transportation, telecommunication & power transmission, and others. Among these, the healthcare segment is expected to see notable gains by 2027, clocking in a 4% CAGR over the analysis timeframe. The segment is expected to draw growth from the rising adoption of electronic ceramics in advanced medical implants, which are expected to gain immense traction in the market within next years.

The coronavirus pandemic has increased the demand for different types of medical devices like thermal scanners, patient care systems, and ventilators which has helped inject a notable amount of growth into the industry landscape.

From the regional point of view, the MEA market is estimated to grow with a CAGR of 6.0% through the projected time period. The market is slated to be driven by increasing internet penetration and rapidly growing investments towards consolidating the regional healthcare infrastructure.