According to the global electronic ceramics market report by IMARC Group, finds that the market reached a value of US$ 11.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.8 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
Industry Definition and Application:
Electronic ceramics refer to materials used to perform electronic functions for specific applications. Some commonly available variants of electronic ceramics are ferroelectric, piezoceramics, dielectric, and conductive. They consist of circuit components and ferrite-based permanent magnets that produce electrical charge upon the application of pressure under an electric field. They are commonly used in magnetic, electrical, and optical applications. They offer better heat and corrosion stability, enhanced strength, improved wear and chemical resistance, and higher electrical conductivity than traditional materials. As a result, electronic ceramics find extensive applications in the healthcare, telecommunication, automotive and electronic industries across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Electronic Ceramics Market Trends and Drivers:
The global electronic ceramics market is primarily driven by the rapid expansion in the aerospace industry. Besides this, the rising use of electronic ceramics in sensors, lighting, laser lighting systems, high-intensity discharge lamps, light-emitting diodes (LEDs), and antenna components of unmanned aerial vehicles (UAVs), unpowered gliders and sailplanes, and lighter-than-air crafts is positively influencing the market growth. Moreover, the introduction of innovative, lightweight, and high-performance electronic ceramics with enhanced density, toughness, and resistance to thermal shock, chemicals, and wear has accelerated the product adoption rate.
Additionally, the surging adoption of electronic ceramics in consumer electronics, such as controllers, cell phones, and computers for voice transmission and signal reception, has catalyzed market growth. Other factors, including favorable government policies, increasing product demand in the automotive sector, and rising internet penetration, are also anticipated to propel the market growth.
Global Electronic Ceramics Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Almatis GmbH, American Elements, APC International Ltd., Central Electronics Limited, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Ferro Corporation, Ishihara Sangyo Kaisha Ltd., Noritake Co. Limited, Physik Instrumente (PI) GmbH & Co. KG., Sensor Technology Ltd. and Venator Materials PLC (Huntsman Corporation).
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The report has segmented the market on the basis of region, material, application and end user.
Breakup by Material:
Breakup by Application:
- Data Storage Devices
- Optoelectronic Devices
- Actuators and Sensors
- Power Distribution Devices
The Breakup by End User:
- Aerospace and Defense
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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