Press release
Electronic Ceramics Market Poised to Hit $15.19 Billion by 2029 with Accelerating Growth Trends
Electronic Ceramics
Electronic Ceramics Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been a consistent expansion in the size of the electronic ceramics market. The market which is valued at $12.01 billion in 2024 is projected to escalate to $12.53 billion in 2025, showing a compound annual growth rate (CAGR) of 4.4%. This growth observed in the historical period is driven by factors such as the boom in consumer electronics, the widening of telecommunications, advancement in automotive electronics, and the application of medical devices.
How Will the Electronic Ceramics Market Size Evolve and Grow by 2029?
We anticipate a consistent increase in the size of the electronic ceramics market in the upcoming years, with expectations of reaching $15.19 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.9%. The projected growth throughout this period can be traced back to factors such as the implementation of 5G technology, integration of the internet of things (IoT) and sensors, expansion of electric vehicles (EV), development of advanced materials for 5G, and the rise of emerging memory technologies. Further, the forecast period is expected to see significant trends like technological advancement, IoT sensor technologies, emerging memory technologies, application of bioceramics in medical devices, and development of quantum computing.
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What Drivers Are Propelling the Growth of Electronic Ceramics Market Forward?
The growth in the automotive industry is poised to boost the electronic ceramic market. Serving as a pivotal economic catalyst, the automobile industry plays a crucial role in worldwide value chains. The growth of this sector is bolstered by substantial governmental aid, enabling it to carve a unique path within manufacturing sectors. The resulting boom leads to an uptick in production for associated auto parts and electrical ceramics employed in vehicles. For instance, the Indian auto component industry analysis by India Brand Equity Foundation in February 2022 highlighted a 25% surge in India's auto parts market from USD 4.1 billion (Rs. 31,116 crores) in 2020-21 to USD 5.3 billion (Rs. 38,895 crores) for the initial half of 2021-22. Thus, the heightened demand for auto parts will stimulate the market pertaining to the automotive sector, leading to a concurrent increase in the requirement for electronic ceramics.
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Which Emerging Trends Are Transforming the Electronic Ceramics Market in 2025?
Technological advancement is an emerging trend that is gaining traction in the electronic ceramics market. The main players in this market are centered around offering products with cutting-edge technology to cater to the rapidly growing industry needs and improve their position in the market. These firms incorporate next-gen electronic ceramics technologies such as piezoelectric material, circuit carriers, actuators, sensors, fiber optics, and more into their products to offer mechanical, thermal, and chemical stability to electronic appliances. For instance, Kyocera Corporation, a ceramics and electronics manufacturer from Japan, rolled out its latest high-speed ceramic optoelectronic device substrates and packaging at OFC, like high-speed ceramic packages designed to allow 200g baud rate, top-quality ceramics for co-packaged optics, high-speed TO can packages, and other fiber-optic products, in March 2023.
What Are the Key Segments in the Electronic Ceramics Market?
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
Subsegments:
1) By Monolithic Ceramics: Alumina Ceramics, Barium Titanate Ceramics, Zirconia Ceramics, Silicon Nitride Ceramics
2) By Ceramic Matrix Composites: Carbon Fiber Reinforced Ceramics, Silicon Carbide Matrix Composites, Oxide Matrix Composites
3) By Ceramic Coatings: Thermal Barrier Coatings, Electrical Insulation Coatings, Wear-resistant Coatings, Corrosion-resistant Coatings
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Who Are the Key Players Shaping the Electronic Ceramics Market's 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., 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.
What Geographic Markets Are Powering Growth in the Electronic Ceramics Market?
Asia-Pacific was the largest region in the electronic ceramics market in 2024 and is expected to be the fastest-growing region in the electronic ceramics market during the forecast period. The regions covered in the electronic ceramics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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