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Global Electronic Ceramics Market 2024 Industry Size, Opportunity Assessment, Overview And Forecast To 2033 | Major Players Are Maruwa Co. Ltd., Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials PLC, Murata Manufacturing Co. Ltd.
Electronic Ceramics Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the electronic ceramics industry. This report on electronic ceramics market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electronic ceramics market size has grown strongly in recent years. It will grow from $11.43 billion in 2023 to $12.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to consumer electronics growth, telecommunications expansion, automotive electronics, medical device applications.
The electronic ceramics market size is expected to see strong growth in the next few years. It will grow to $15.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to 5G technology deployment, IoT and sensor integration, electric vehicle (EV) expansion, advanced materials for 5G, emerging memory technologies. Major trends in the forecast period include technological advancements, IoT sensor technologies, emerging memory technologies, bioceramics in medical devices, quantum computing.
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Key Market Players:
Maruwa Co. Ltd., Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials PLC, Murata Manufacturing Co. Ltd., CoorsTek Inc., Compagnie de Saint-Gobain SA, NGK Insulators Ltd., Nippon Carbide Industries Co. Inc
Market Drivers:
According to the Electronic Ceramics Market Report 2024 by The Business Research Company, the rise in the automotive sector is expected to propel the electronic ceramic market. 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 fueled 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. For instance, In February 2022, An Indian auto components industry analysis published by India Brand Equity Foundation stated that the market for auto components in India increased by 25% from USD 4.1 billion (Rs. 31,116 crores) in 2020-21 to USD 5.3 billion (Rs. 38,895 crores) in the first half of 2021-22. Therefore, the demand for auto components will drive the market for the automotive sector, resulting in an increasing demand for electronic ceramics.
More information about the Global Electronic Ceramics Market Report -
https://www.thebusinessresearchcompany.com/report/electronic-ceramics-global-market-report
Market segments for template include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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