Emerging Applications in Electronics to Spur Growth of Advanced Ceramics


The global market for Advanced Ceramics is projected to reach US$93.3 billion by 2024, driven by factors such as advancements in material technology, increasing use in established applications, and opportunities stemming from an emerging application markets such as internet of things (IoT), Artificial Intelligence, robotics, and Industry 4.0. Advanced ceramics, also termed as engineering ceramics, industrial ceramics, or technical ceramics, are high-performance ceramics featuring superior biochemical, electrical, mechanical and thermal properties. These properties continue to drive widespread application of advanced ceramics in industries such as automotive, defense, medicine, environmental protection, aerospace, and fiber-optic communications.

Global advanced ceramics market continues to witness growth in both traditional and new application areas. Opportunities would be guided by technological advancements and innovations, which enable the materials to compete efficiently with alternatives in the market, while also expanding their scope of usage to new end-use applications at the same time.  The growing demand for high-performance electronics, computing and communication devices and the surging penetration of Internet of Things (IoT) continue to prop large-scale adoption of advanced ceramic compositions within these industries. Cross-application synergies also help unveil newer and more sophisticated application platforms for advanced ceramics. Growing use in commercial electronics, medical equipment, and automobile sub-systems are expected to boost market prospects for ceramic sensors market.
With the electronics and automotive industries pushing the need for a new range of high-performance ceramic materials capable of withstanding extreme conditions during operation or during the processing of component manufacturing, focus on development of innovative advanced ceramics is on rise. Besides product innovations, the advanced ceramics industry is also witnessing development of high-quality manufacturing processes. Companies are focused on designing innovative methods to densify ceramics at extremely low temperatures and within much less time span.. The technology is expected to aid companies in development of new low-frequency, high-frequency and high-precision electronic components for applications such as automotive electronics, wireless network base stations, Artificial Intelligence, IoT devices, and 5G mobile communications.
Product wise, Monolithic Ceramics forms the largest segment of the market while electronic and electric products representing the major end-use market. Matrix Composites represent the fastest growing product segment of the Advanced Ceramics market led by growing demand for high performance and lightweight materials from a number of end-use industries. Demand for ceramic coatings is expected to be fueled by growth in the production of aerospace equipment and revival in the motor vehicles production.
As stated by the new market research report on Advanced Ceramics, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 7.3% over the analysis period, led by presence of large electronic device manufacturers, rapid industrialization trend, and high consumer spending  in countries such as India and China.

Major players in the market include Applied Ceramics Inc., Ceradyne Inc., CeramTec AG, COI Ceramics Inc., CoorsTek Inc., Covalent Materials Corporation, International Ceramic Engineering, Materion Ceramics, Momentive, Kyocera Industrial Ceramics Corporation, Morgan Advanced Materials, and Murata Manufacturing Co. Ltd, among others.

The research report titled “Advanced Ceramics – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets including US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, and Rest of Latin America). The global and regional markets are analyzed by following product segments - Matrix Composites, Coatings, and Monolithic Ceramics, and end-use sectors - Chemical, Electrical, Electronic, Machinery, Transportation, and Others (Pollution Control, Armor, and Medical Products among Others).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn


Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more