Press release
Exploring the Global Ferroelectric Materials Market: A Comprehensive Overview
Ferroelectric Materials Market
The ferroelectric materials market size is expected to see strong growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to 5g technology implementation, rise in internet of things (iot) devices, emergence of wearable technology, increased adoption of non-volatile memory, advancements in energy harvesting.. Major trends in the forecast period include focus on lead-free ferroelectric materials, applications in microelectromechanical systems (mems), utilization of ferroelectrics in neuromorphic computing, investments in research and development, collaborations for commercialization..
Market Overview -
Ferroelectric materials are defined as dielectric materials in which polarization persists even after the applied electric field has been removed. They are employed to boost energy harvesters' output power.
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Growing Production Of Electrical Appliances And Smart Devices Drives Ferroelectric Materials Market
The rise in the production of electrical appliances and smart devices will boost the ferroelectric materials market. Electrical appliances and smart devices are a wide range of products and devices that utilize electricity to perform specific functions or provide convenient features. The usage of ferroelectric materials in the production of electrical appliances and smart devices enables energy harvesting, touch sensing, and the development of efficient and responsive components for enhanced functionality and user experience. For instance, in September 2022, as per the data reported by Dataconomy Media GmbH, a Germany-based software company, by the end of June 2022, there were 17.1 connected gadgets and smart home appliances per home on average around the world, a 10% increase over the previous year in the same period. Therefore, a rise in the production of electrical appliances and smart devices will drive the ferroelectric materials market in the future.
Competitive Landscape -
Major companies operating in the ferroelectric materials market report are Texas Instruments, TDK Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., FMC Corporation, Rohm Semiconductor, Morgan Advanced Materials, Ferro Corporation, Meggitt Sensing Systems, CeramTec, CTS Corporation, Ferrotec Corporation, Piezo Kinetics Inc., Fuji Titanium Industry Co Ltd., PI Ceramic GmbH, Shandong Sinocera Functional Material Co, Noliac A/S, TRS Technologies Inc., Sensor Technology Ltd., KCM Corporation, APC International Ltd., Sakai Chemical Industry Co Ltd., Hongwu International Group Ltd., Sparkler Ceramics Pvt Ltd., Smart Material Corporation, Nippon Chemical Industrial Co Ltd., Shanghai Dianyang Industrial Co Ltd.
Innovative Ferroelectric Materials For Enhanced Performance Across Diverse Applications
Technological advancements are the key trend gaining popularity in the ferroelectric materials market. Major companies operating in the ferroelectric materials market are focused on new technological approached innovations to increase their profitability in the market. For instance, in August 2023, Zentropy, a US-based materials science company launched as Ferroelectric Materials Creation Art. This method offers a parameter-free path for the creation of ferroelectric materials by combining intuition and physics. The company has focused on lead titanate in the application of the zentropy theory to ferroelectrics and has successfully applied this method to predict the magnetic properties. The strategy is anticipated to improve the performance of many applications, including high-power acoustic projectors, actuators, sensors, memory devices, and solar cells, as well as advance the development of cutting-edge technologies.
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Key Segments -
The ferroelectric materials market covered in this report is segmented -
1) By Type: Barium Titanate, Lead Zirconate Titanate, Lead Titanate, Other Types
2) By Material Composition: Inorganic Ferroelectric Materials, Organic Ferroelectric Materials
3) By Application: Ceramic Capacitor, PTC Thermistor, Other Applications
4) By End Use Industry: Electronics, Telecommunications, Healthcare, Automotive, Other End Uses
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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