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Electronic Ceramics Market Analysis | Growth, Share, Size and Forecast to 2027

IMARC Group has recently released a new research study titled “Electronic Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
 
What are the growth prospects of the electronic ceramics industry?
 

The global electronic ceramics market size reached 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 growth rate (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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Year considered to estimate the market size:
  • Base year of the analysis: 2021
  • Historical period: 2016-2021
  • Forecast period: 2022-2027
Impact of COVID-19:
 
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.
 
What are the major market drivers in the electronic ceramic market?

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.

Who are the leading manufacturers in the electronic ceramics industry?

Almatis GmbH, Central Electronics Limited, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Ferro Corporation, Ishihara Sangyo Kaisha Ltd., American Elements, APC International Ltd., Noritake Co. Limited, Physik Instrumente (PI) GmbH & Co. KG., Sensor Technology Ltd. and Venator Materials PLC (Huntsman Corporation).

Get the table of contents with all detailed information: https://www.imarcgroup.com/electronic-ceramics-market

Key Market Segmentation:

The report has segmented the market on the basis of region, material, application and end user.

Breakup by Material:

  • Alumina
  • Zirconia
  • Silica
  • Others

Breakup by Application:

  • Capacitors
  • Data Storage Devices
  • Optoelectronic Devices
  • Actuators and Sensors
  • Power Distribution Devices
  • Others

Breakup by End User:

  • Electronics
  • Automobile
  • Medical
  • Aerospace and Defense
  • Others

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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