Electronic Ceramics Market by Industry Trends and Growth Forecast To 2025
The commercial landscape of the global electronic ceramics market also thrives on the current trends of robust expansion of the telecommunication infrastructure which is focusing on the deployment of a high quality broadcasting network. With the arrival of 5G networks, the demand for electro ceramic products is thus witnessing an exponential growth, as they can be easily laser trimmed to be used in mobile phones, antenna chips, and other consumer appliances.
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Speaking along similar lines, estimates claim that around 2.5 billion of unique subscribers were recorded alone in the Asia Pacific belt, which accounted for two third of the regional population. Given the massive growth in the telecommunication sector, rise in cellular phone consumer base, and growing presence of other sectors such as consumer electronics and healthcare, the APAC electronic ceramics industry is expected to tread along a lucrative growth graph, having garnered 35% of the global revenue share in 2017.
Electro ceramic materials find immense demand from the aerospace sector, owing to their properties such as light weight, insulation, and temperature stabilization. The use of electro ceramic materials in these vertical dates as far back as the 1990s, where the design team of Concorde, the world’s only supersonic airliner at the time, used a machinable glass ceramic in the engine control and management systems. Since then aerospace, underpinned by the advanced ceramics, has remained an attractive growth avenue for the overall electronic ceramics industry players. In line with the ever-rising passengers and cargo, the demands that are placed by the aerospace industry are only set to increase. According to the estimates provided by Boeing in 2016, the rapid increase in airline travel will require nearly 40 thousand new airplanes in the coming 20 years.
Pertaining to the greater requirement of advanced materials in most of the verticals, numerous companies have been investing in the electronic ceramics market on a considerably humongous scale, in order to offer innovative experience to customers. Kyocera, for instance, has recently developed a tiny ceramic UHF RFID tag for the aerospace industry that can to attached to metal tools for identification & tracking of different aircraft components.
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Having recognized the robust growth potential, it goes without saying that the electronic ceramics market will open up a slew of investment opportunities in the ensuing years on global scale. Beyond the core industry participants, lot of tech-giants are also tapping into the massive potential of the electronic ceramics industry. Apple for instance, had created all the buzz with its all-new ceramic Apple Watch, while speculations are also rife that the Silicon Valley behemoth will be launching its iPhones incorporated with ceramic materials.
With electro ceramic materials further depicting huge potential in additive manufacturing technologies, the commercialization matrix of this business sphere is bound to experience a massive turnaround. A presumption validating the same is of Global Market Insights, Inc., that claims the global electronic ceramics market to exceed a valuation of USD 15 billion by 2025.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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