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Electronic Ceramics Market Size, Surging Demand, Detailed Analysis, Share And Forecast To 2032
Electronic Ceramics Market Analysis
The Business Research Company's Electronic Ceramics Global Market Report 2023 identifies rise in the automotive sector as the major driver for the electronic ceramics market's growth in the forecast period. The automobile sector is one of the most important economic drivers, with a high level of involvement in global value chains. This sector's expansion has been fuelled by significant government support, which has allowed it to create a distinct route among manufacturing industries. This expansion increases the production of related auto components and electrical ceramics used in automobiles.
The global electronic ceramics market size grew from $10.88 billion in 2022 to $11.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global electronic ceramics industry is expected to grow to $15.97 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the electronic ceramics market are Maruwa Co Ltd., Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials, Murata Manufacturing Co Ltd., CoorsTek, Almatis GmbH, Noritake.
A key trend in the electronic ceramics market includes technological innovation. Major companies operating in the electronic ceramics market are focused on providing technologically advanced products to meet fast-growing industry demand and strengthen their market position. These companies are implementing next-generation electronic ceramics technologies into their products, such as piezoelectric material, circuit carriers, actuators, sensors, fiber optics, and others, to provide mechanical, thermal, and chemical stability to electronic equipment. For instance, in September 2020, TDK Corporation, a Japan-based company that manufactures electronic components and recording and data-storage media, developed innovative multilayer ceramic capacitors (MLCC) in its CGA series for automotive applications, attaining world-class capacitance of 22F in 2012 size (2.0 x 1.25 x 1.25 mm) and 47F in 3216 size (3.2 x 1.6 x 1.6 mm).
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The electronic ceramics market is segmented -
1) By Product Type: Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings
2) By Application: Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators & Sensors, Power Distribution Devices
3) By End User: Electronics, Automobile, Medical, Aerospace & Defense
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the electronic ceramics market.
The Business Research Company's "Global Electronic Ceramics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electronic Ceramics Market Include:
1. Executive Summary
2. Electronic Ceramics Market Characteristics
3. Electronic Ceramics Market Trends And Strategies
4. Electronic Ceramics Market - Macro Economic Scenario
5. Electronic Ceramics Market Size And Growth
………
26. Africa Electronic Ceramics Market
27. Electronic Ceramics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Ceramics Market
29. Electronic Ceramics Market Future Outlook and Potential Analysis
30. Appendix
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