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Electrical And Electronics Ceramics Global Market Report 2024 - By Demand, Share, Size, Growth, Forecast To 2033
Electrical And Electronics Ceramics Market
The electrical and electronics ceramics market size is expected to see strong growth in the next few years. It will grow to $17.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to emerging market expansion, regulatory compliance and safety standards, research and development in ceramics, electric vehicle (ev) growth, and increasing adoption of internet of things (iot) devices. Major trends in the forecast period include introduction of advanced semiconductor materials, technological advancements in ceramics, sustainable and eco-friendly ceramics, integration of ceramics in renewable energy, and advanced packaging technologies.
Market Overview -
Electrical and electronics ceramics refers to a specific type of ceramic material that is utilized to perform various electronic functions and applications due to its properties such as thermal, chemical, and mechanical stability, and electrical and magnetic properties. They are commonly used in a wide range of electronic items, including cell phones, laptops, televisions, automotive electronics, and medical devices. It is also used in energy conversion, storage, industry, optical, and magnetic applications.
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Electrical And Electronics Ceramics Market Poised For Growth Driven By Surging Semiconductor And Electronics Industries
The growing semiconductor and electronics industry is expected to propel the growth of the electrical and electronics ceramics market going forward. Semiconductors are referred to as materials with a resistance that falls between conductors and insulators. These are widely used in the electronics industry and in electronic devices such as diodes, transistors, and integrated circuits. Electrical ceramics, also known as piezoelectric ceramics, are gaining popularity in consumer electronics due to their ease of fabrication in a wide range of forms and sizes, which adds greatly to the miniaturization of electro-mechanical characteristics. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, in 2022, LG earned its highest annual revenue ever, an increase of 12.9% from 2021. The revenue for the LG Home Appliance & Air Solution Company in 2022 was $22.5 billion, an increase of 10.3% from 2021. Therefore, the growing semiconductor and electronics industries are anticipated to propel electrical and electronics ceramics market growth in the near future .
Competitive Landscape -
Major companies operating in the electrical and electronics ceramics market include CeramTec GmbH, CoorsTek Inc., Kyocera Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd., Rauschert Steinbach GmbH, ENRG Inc., Vinayak Techno Ceramics, Ravikiran Ceramics Pvt. Ltd., Anoop Ceramics, Aum Metals And Techno-Ceramics Private Limited, Ceradyne Inc., TDK Corporation, Hitachi Metals Ltd., Toshiba Materials Co. Ltd., Corning Gilbert Inc., Saint-Gobain Ceramic & Plastics Inc., Ferro Electronic Materials Systems, Murata Manufacturing Co. Ltd., Taiyo Yuden Co., Ltd., Maruwa Co. Ltd., KEMET Corporation, Vishay Intertechnology Inc., AVX Corporation, Yageo Corporation, Samsung Electro-Mechanics Co. Ltd., Superior Technical Ceramics, American Technical Ceramics Corp., AVX Corporation
Technological Advancements Drive Innovation In The Electrical And Electronics Ceramics Market
Technological advancements are the key trend gaining popularity in the electrical and electronics ceramics market. Major companies operating in the electrical and electronics ceramics market sector are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, CeramTec, a Germany-based ceramic manufacturing company, launched a new ceramic power semiconductor module for drive inverters in e-mobility. The company has developed a ceramic chip-on-heatsink technology that uses ceramic coolers that de-heat semiconductor chips, providing efficient cooling.
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Key Segments -
The electrical and electronics ceramics market covered in this report is segmented -
1) By Product: Monolithic Ceramics, Ceramics Matrix Composites, Ceramics Coatings, Other Products
2) By Material: Alumina Ceramics, Titanate Ceramics, Zirconia Ceramics, Silica Ceramics, Other Materials
3) By End-User: Home Appliances, Power Grids, Medical Devices, Mobile Phones, Other End-Users
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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