Ceramic Substrate Market Size, Share & Trends Analysis Report, Forecast Period 2024-2031.

Ceramic substrate market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growing demand for ceramic substrates in the end-user industries such as consumer electronics, automotive, and telecommunication is the key factor driving the growth of the global ceramic substrate market. The increment in the utilization of these substrates as options in contrast to metals and combinations is further contributing to the market growth.

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Synteris is developing 3D-printable ceramic packaging for power electronic modules to improve their thermal management, power density, performance, and lifetime. Existing power modules contain flat ceramic substrates that serve as both the electrically insulating component and thermal conductor that transfer the large heat outputs of these devices. Synteris proposes an additive manufacturing process that would replace the traditional insulating metalized substrate, with an additively manufactured ceramic packaging that acts as both an electrical insulator and heat exchanger for better thermal management. Such developments are anticipated to restrain the market growth.

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After the pandemic, the global electronics industry has faced a dual impact. The production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. On the other hand, various e-commerce companies across the globe have discontinued the delivery of non-essential items (including most electronics products), which is affecting the electronics industry. COVID-19 has also disrupted the global supply chain of major electronic brands.

Market Players Outlook

The major companies serving the global ceramic substrate market include Kyocera Corp., Murata Manufacturing Co. Ltd., Coorstek Inc., Ceramtec, and Maruwa Co. Ltd. among others. The companies are focusing on technology advancements, expansions, mergers and acquisitions, partnerships, collaborations, and finding a new market or innovation in their core competency to expand individual market share. For instance, in May 2019, Aliaxis SA signed an agreement to divest its ceramic business to KYOCERA Fineceramic GmbH. The major motive behind the divest is to align its business offering with the market's key players across the globe.

The Report Covers

Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global ceramic substrate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

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