Published :
Report ID:
Pages :
Format :
The global electronic ceramics market is anticipated to reach market size of around US$ 15,000 Mn by 2027 and is anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
Due to their outstanding electrical, magnetic & optical properties, electronic ceramics are used in a wide variety of technical applications including actuators, data storage systems, sensors and transducer. One of the key factors supporting the market growth of electronic ceramics is the proliferating telecommunications market. These ceramics exhibit low dielectric constant and high electrical resistivity, which make them suitable for the manufacture of integrated circuits and insulators.
Market Insights
The rise of the semiconductor and electronics business and the consistent demand for electronic goods will in the future promote the global ceramics and electronic ceramics industry. In semi-conductors and electronic devices, electrical pottery is commonly used, including condensers, data storage systems, actuators and sensors, and power delivery systems. The goods are often strongly preferred for their potential to retain economic feasibility and technology, as well as maximise the space and size limitations of finished products, including computers, notebooks, smartphones and other consumer electronics. The world demand for ceramics and electrical ceramics will have a high expense and technological difficulty in the production and deposition of ceramics. Any methods of physical vapour deposition of these ceramics are done at high temperatures, utilising external equipment, adding costs and making morphology theoretically restricting the widespread use of such products in areas of high performance, such as fuels cells and some energy storage systems.
In addition, the pandemic coronavirus has contributed to a widespread suspension and partial suspension of manufacturing centres, which also caused the supply chain to become disrupted. As a large part of the demand from the automobile and telecommunications industries is being lost, electronic ceramics are expected to decrease. Moreover, the ban on the shipment of terminal goods through States and abroad adversely affected the demand in electronic ceramics.
As a major contributing factor to global subscriber growth in the past few years with strong growth to be seen in the coming decade, Asia Pacific’s electronic ceramics market was valued at over US$ 8 billion in 2019. By the end of 2019, the region had almost 3 billion single subscribers, representing two-thirds of the population of the region. In Asia Pacific, more than half of the world's mobile subscribers are in China and India in particular. The region is anticipated to hold about two thirds of new scriptwriters, mostly displayed in India and China, globally by the end of 2026. In addition, in Asia Pacific or three quarters of the population, there will be over 3.5 billion mobile subscribers. With similar amounts of positive and negative effects, the US telecommunications market is matched with. The Federal Communications Commission (FCC), the new telecommunications regulatory organization in the administration of the Trump government, is less restrictive than the administration of Obama and will probably reverse several regulations under the previous regime. The number of Internet and cell phone users will increase significantly, and the market for electronic ceramics will grow further. The government has agreed to increase the provision of broadband in rural villages. Rural broadband provision will continue to influence demand for electronic ceramics and be one part of the ambition of its $1 billion infrastructure project. The telecommunications sector in the Middle East and Africa (MEA) is undergoing strong growth and investment driven mainly by significant demographic expansion and technology. MEA accounts for about 10% of revenue from global services for telecommunications and nearly 20% of economic profit. These regional factors boost the sales of regional electronic ceramics services market.
Some of the prominent players in the electronic ceramics market include Ceramtec GmbH, Coorstek Inc., Kyocera Corporation, Ceradyne Inc. (3M Company), Morgan Advanced Materials, NGK Spark Plug Co., Ltd., Murata Manufacturing Co., Ltd., Rauschert Steinbach GmbH, ENRG Inc., Mantec Technical Ceramics Ltd., and others.
The global electronic ceramics market is segmented as below:
Market Segmentation
Electronic Ceramics Market By Product
Ferroelectric ceramics
Piezoelectric ceramics
Pyroelectric ceramics
Others
Electronic Ceramics Market By End User
Home appliances & consumer electronics
Healthcare
Automotive & transportation
Telecommunication & power transmission
Others
Electronic Ceramics Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The market for electronic ceramics is expected to reach a market value of around US$ 15,000 Mn by 2027.
The electronic ceramics market is expected to grow at a CAGR of around 4% from 2020 to 2027.
The home appliances & consumer electronics are the leading segment by end user in the electronic ceramics market.
Growth in telecommunication sector is the major driver driving the growth of the market.
Ceramtec GmbH, Coorstek Inc., Kyocera Corporation, Ceradyne Inc. (3M Company), Morgan Advanced Materials, NGK Spark Plug Co., Ltd., Murata Manufacturing Co., Ltd., Rauschert Steinbach GmbH, ENRG Inc., Mantec Technical Ceramics Ltd., and others are the prominent players in the market.
Asia Pacific held the highest market share in the electronic ceramics market.
Asia Pacific is expected to be the fastest growing market over the forecast period.
Customer Satisfaction
Availability - we are always there when you need us
Fortune 50 Companies trust Acumen Research and Consulting
of our reports are exclusive and first in the industry
more data and analysis
reports published till date