Press release
Electronic Ceramics Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Electronic Ceramics Market
The Business Research Company offers in-depth market insights through Electronic Ceramics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of electronic ceramics are monolithic ceramics, ceramic matrix composites, and ceramic coatings. Monolithic electronic ceramics refers to ceramics having features such as fabrication and polycrystalline microstructure, which are used to increase the lifespan and reliability of the material. These electronic ceramics are used in the electronics, automobile, medical, and aerospace & defence industries for the manufacturing of various components such as capacitors, data storage devices, optoelectronic devices, actuators & sensors, and power distribution devices.
Major Driver - Driving Growth Automotive Sector Fuels, The Electronic Ceramic Market
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.
Competitive Landscape:
Major companies operating in the electronic ceramics market include 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., Noritake Co. Ltd., Aum Techno Ceramics, Advalue Technology LLC, Heraeus Holding GmbH, Ibiden Co. Ltd., KCM Corporation Co. Ltd., Kyocera Corporation, Tayca Corporation, Samsung Electro-Mechanics Co. Ltd., TDK Electronics AG, Ceradyne Inc., Niterra Co. Ltd., Rauschert Steinbach GmbH, Enrg Inc., Mantec Technical Ceramics Ltd., Corning Inc., Ferro Corporation, Taiyo Yuden Co. Ltd., KEMET Corporation, Yageo Corporation, Walsin Technology Corp, Chaozhou Three-Circle Co. Ltd.
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Top Trend - Elevating Electronics Technological Innovation Reshapes The Electronic Ceramics Market
Technological innovation is a key trend gaining popularity in the electronic ceramics market. 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 March 2023, Kyocera Corporation, a Japan-based ceramics and electronics manufacturer launched the newest high-speed ceramic optoelectronic device substrates and packaging at OFC like the high-speed ceramic packages to enable 200g baud rate, high-mechanical-reliability ceramics for co-packaged optics, high-speed TO can packages and other fiber-optic products.
The Table Of Content For The Market Report 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
…..
27. Electronic Ceramics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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