Home > Polymers, Specialty Chemicals & Advanced Materials > Electronic Ceramics Market
Electronic Ceramics Market size was valued at over USD 10 billion in 2022 and is anticipated to record significant growth at more than 7% CAGR through the forecast period from 2023 to 2032 primarily driven by the growing telecommunications industry.
To get more details on this report: Request Free Sample PDF
Telecommunications business is growing rapidly on account of favorable government policies that are aiding the development of suitable infrastructure and providing inexpensive communication and internet services in emerging economies. Furthermore, the growing preference for electronic ceramics in the globally expanding electronics industry due to their distinct physical properties and the emergence of new technologies is expected to bolster product demand.
Commercialization of ceramics for advanced applications is hampered by the high costs of raw materials and production costs. Despite significant technological advancement, the expensive production process is preventing manufacturers from entering the electronic ceramics market. However, leading businesses in the sector are attempting to develop cutting-edge manufacturing techniques, which are foreseen to help them lower costs and combat this restraint in the coming years.
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | 10 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | 20 Billion (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 360 |
Segments covered: | Product, End-user, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
To get more details on this report: Request Free Sample PDF
Electronic ceramics market is divided as per product into piezoelectric ceramics, pyroelectric ceramics, ferroelectric ceramics, and others. The piezoelectric ceramics segment is expected to generate over USD 10 billion in revenue by 2032. The material possesses several properties, including the direct piezoelectric effect (voltage generation), inverse piezoelectric effect (displacement generation), and intrinsic vibration. The growing deployment of piezoelectric ceramics for multiple industrial, medicinal, automotive, aerospace, and commercial applications for several purposes, including satellite location and sensor-based data collection on materials in space.
To get more details on this report: Request Free Sample PDF
Electronics ceramics industry is segmented based on end-user into automotive & transportation, home appliances & consumer electronics, healthcare, telecommunication & power transmission, and others. Automotive & transportation segment is estimated to grow at over 7% CAGR through 2032. Electronic ceramics serve as functional ceramics in automobiles and are used in engine knock sensors, spark & glow plugs, oxygen sensors, parking distance control sensors, PTC heaters, and fuel injection systems.
Asia Pacific region held a 60% share of the global electronic ceramics market revenue in 2022.Rising disposable income, coupled with government initiatives to encourage electronics manufacturing across APAC countries, is projected to supplement business growth. Additionally, global efforts to diversify supply chains and a push to adopt green technology have bolstered EV production, especially in Southeast Asia, thereby supporting the development of the industry.
Morgan Advanced Materials, Central Electronics Limited, Maruwa Co., Ltd., CeramTec Holding GmbH, Kyocera Corporation, Ltd., APC International, Ltd., and Murata Manufacturing Co., are among the leading industry players in the global electronic ceramics market. Manufacturers are focusing on the execution of growth plans through partnerships and acquisitions in order to maintain their business position.
Following the coronavirus outbreak, lockdowns, retail closures, travel restrictions, and ongoing concerns among people and businesses about exposure to the virus adversely influenced the electronics industry. Moreover, disruptions across the global supply chain had a significant impact on varied sectors, including communications, electronics, and vehicles, which heavily employ electronic ceramics. However, the industry has gained momentum and is anticipated to observe notable growth in the future due to the growing emphasis on boosting technology advancements in the transportation and telecommunications sectors as well as the decline in COVID cases.
The electronic ceramics market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Thousand Tons) from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Product
By End-user
The above information is provided on a regional and country basis for the following: