Electronic Ceramics Market Growth By 2026 | Top Key Players - Kyocera Corporation, Sensor Technology Ltd, CeramTec Holdings GmbH, and Maruwa Co., Ltd

It has been estimated that the global electronic ceramics market size could register USD 14 billion in yearly valuation by 2026.

Rising need across the automotive, aerospace, marine transportation, and electricity distribution verticals will drive the consumption of electronic ceramics market. There is intense consumer demand for electrical appliances at homes. The influx of new ceramic formulations to offer semiconducting, piezoelectric, superconducting and magnetic attributes has led to the incorporation of ceramic-based components in smartphones, automotive electronics, televisions, computers, and medical devices.

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Electronic ceramics market are advanced indispensable materials that are used in the manufacturing of electronic components on account of their insulating qualities. The ceramics offer high resistivity, high mechanical and dielectric strength, and superior thermal & corrosion stability. They also possess optimum capacities to render hermetic seals.

Use across sensors in automotive

The demand for electronic ceramics market across the automotive sector will garner significant traction in the next few years. This is owing to their increasing usage in hermetic packaging, spark plugs, ceramic arc tubes, and protective parts in bare and power lines. The ceramics also used in sensors for electronic controls to render information regarding the vehicle’s engine operation, position, and changes in direction. This is because the materials respond to this information and control motor management as well as safety systems like ABS and ASR to release the airbag in necessary instances.

Furthermore, ceramic electronic components enhance the visibility of ceramic armor components that are designed for ballistic vehicle protection to offer optimum safety for military and emergency vehicles. The materials are also heat-resistant and are largely utilized in valve components as well as backings in crankshaft housings and water and fuel pumps to offer enhanced efficiency and lowered wear & noise emissions.

Higher preference for piezoelectric ceramics

The annual revenue from piezoelectric ceramics is anticipated to reach a considerable value owing to their growing penetration. These materials are employed as resonators, filters, transducers, actuators, acoustic elements, and pressure sensor components to transform mechanical energy into electric energy and vice versa. Upon applying pressure under an electric field, the ceramics generate an electrical charge.

Besides, piezoelectric ceramics are widely used in carrying out the miniaturization of electro-mechanical features as they can be easily created in different shapes and sizes. Owing to these factors, the materials observe higher adoption in consumer electronics, robotics, automotive, sensors, and instrumentation, as well as energy harvesting.

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Competitive inorganic corporate strategies

Suppliers of ceramic electronic materials are keen on taking up marketing strategies like capacity expansions, product differentiation, and developments, partnerships, mergers, and acquisitions. These initiatives are helping the firms to expand their customer and international reach as well as to gain a competitive edge over the other participants. For instance, in February 2017, CeramTec Holding GmbH acquired the U.K.-based electro-ceramics business of Morgan Advanced Materials.

Morgan Advanced Materials, Kyocera Corporation, PI Ceramics, Maruwa Co., Ltd., Sensor Technology Ltd., Central Electronics Limited, Murata Manufacturing Co., Ltd., and Sparkler Ceramics Pvt. Ltd. are few other industry participants producing and offering electronic ceramic products.

The present COVID-19 pandemic drew a negative influence on the market for various types of ceramics on account of the widespread of the virus and the stalled activities of the industries. However, with the gradual ease of the industrial lockdown and the resumption of all business operations, the demand, and supply of electronic ceramics market will eventually rise.

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