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Electronic Ceramics Global Market Report 2024 - By Report, Growth, Trends, Demand, Forecast To 2033
Electronic Ceramics Market
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.
Market Overview -
The electronic ceramic refer to ceramics that can be utilized in the electronics sector as an electrical or magnetic material to produce an electric charge whenever pressed or altered in size of an electric field. The materials for such specific applications are manufactured from specially formed compositions (which are not present in nature) and processed under tightly regulated conditions.
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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.
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.
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Key Segments -
The electronic ceramics market covered in this report 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
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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