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 wit...