Global Electronic Ceramics Market Size By Product (Ferroelectric Ceramics, Piezoelectric Ceramics, Pyroelectric Ceramics), By End User (Home Appliances And Consumer Electronics, Healthcare, Automotive And Transportation), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Electronic Ceramics Market size was valued at USD 12.64 Billion in 2024 and is projected to reach USD 16.4 Billion by 2031, growing at a CAGR of 3.65% from 2024 to 2031.
What's fueling the electronic ceramics market? Well, it's largely the soaring demand from the telecommunications industry! These ceramics, with their amazing optical, magnetic, and electrical tricks, are popping up in all sorts of tech gadgets. This means we're seeing, and expecting to see, even more demand. Plus, the booming automotive sector is likely to give the Global Electronic Ceramics Market another shot in the arm. Want the full picture? The Global Electronic Ceramics Market report gives you the lowdown with a complete look at the market, breaking down key segments, trends, what's driving growth, what's holding it back, who's competing, and all the crucial stuff that's shaping the market.
Global Electronic Ceramics Market Definition
Electronic Ceramics is a section of ceramic materials primarily used for electrical properties. Their unique electric, magnetic and optical properties are widely used in technologies such as communication, energy conversion, storage, electronics, and automation. These are now classified under electroceramics and are distinguished from other advanced structural ceramics.
Ceramic products are used as electrical insulators including hermetic packaging, ceramic arc tubes, and protective parts for bare wires and power lines. These products are significantly used in automotive, aerospace, marine, electricity distribution, and transportation. The ceramic capacitors utilize the insulating properties of a ceramic material also known as dielectric which is placed in two or more metal layers to store electrical charges.
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Global Electronic Ceramics Market Overview
The growing demand for the internet and other related services across the globe is expected to boost the growth of the market. The increase in expectations from the telecommunication industry is expected to drive the market globally. This has increased owing to the various applications of electronic ceramic across different sectors. They are widely used in technological appliances including actuators, data storage devices, transducers, and sensors owing to their optical, electrical, and magnetic features. The use of telecommunication as an insulator and in making integrated circuits substrates has created a huge demand in the market.
These special ceramics? They've got a low dielectric constant and high electric resistivity, making them perfect for this industry. Plus, the government's pushing to improve broadband in rural areas, which should really boost the market. And let's not forget, everyone's using the internet and related services more and more, giving the Electronic Ceramics Market a huge leg up. I mean, think about itbillions of people are glued to their smartphones, surfing the web. Those phone cell antennas? They're made with electronic ceramic materials, handling all the voice transmission and signal reception. It's pretty cool, right? Learn more here.We are the best!
Further, the use of microwave dielectric materials plays an important role in a wide range of applications such as satellite and terrestrial communications including software radio, GPS, and environmental monitoring through satellites. This has projected a huge demand for electronic ceramic materials in the market owing to the increase in the share of the Global Electronic Ceramics Market. However, factors such as adverse health and environmental impacts associated with the product can hinder the growth of the Global Electronic Ceramics Market.
Global Electronic Ceramics MarketSegmentation Analysis
The Global Electronic Ceramics Market is Segmented on the basis of Product, End User, And Geography.
Electronic Ceramics Market, By Product
Ferroelectric Ceramics
Piezoelectric Ceramics
Pyroelectric Ceramics
Others
Based on Product, The market is bifurcated into Ferroelectric Ceramics, Piezoelectric Ceramics, Pyroelectric Ceramics, and others. The Piezoelectric ceramic segment is expected to hold the highest share of the market owing to its application in actuators and sensors. Further, it is widely used in vibration testing and monitoring of sensors, submarines, engine know sensors, shock pulse monitoring of bearings, seismic sensors, inertial navigation of airplanes, and others. This segment is followed by Pyroelectric ceramic and ferroelectric ceramic segments.
Electronic Ceramics Market, By End User
Home Appliances & Consumer Electronics
Healthcare
Automotive & Transportation
Telecommunication & Power Transmission
Others
Based on End User, The market is segmented into Home appliances & consumer electronics, Healthcare, Automotive & transportation, telecommunications & power transmission, and others. The home appliances & consumer electronics segment is expected to hold the highest share of the market. This is a result of the increase in demand for purchasing home appliances such as washing machines, hair dryers, and others. Magnetic ceramics are used in home appliances such as door openers, lawnmowers, dishwashers,s, and refrigerators.
Electronic Ceramics Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
Based on Regional Analysis, The Global Electronic Ceramics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is one of the largest growing regions in the market.
Key Players
The “Global Electronic Ceramics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are CeramTec Holding GmbH, Morgan Advanced Materials, Maruwa Co., Ltd., Central Electronics Limited, Kyocera Corporation, Murata Manufacturing Co., Ltd., PI Ceramics, Sensor Technology Ltd. and Vinayak Techno Ceramics, Sparkler Ceramics Pvt. Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Mergers and Acquisitions
The public takeover of First Sensor AG by TE Connection Ltd., a multinational industrial technology firm with leading positions in connectivity and sensing technologies, was finalized in March 2020. TE now owns 71.87 percent of First Sensor’s stock.
Product Launches and Product Expansions
On January 29, 2020, Murata, a global leader in electrical components, opened a new facility in Vantaa, Finland. The current production and product development unit has been given a third of its prior size in additional space. The new factory has a total area of around 16,000 square meters. The investment is worth 42 million euros.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
CeramTec Holding GmbH, Morgan Advanced Materials, Maruwa Co., Ltd., Central Electronics Limited, Kyocera Corporation, Murata Manufacturing Co., Ltd.
SEGMENTS COVERED
By Product
By End User
By Geography
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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Reasons to Purchase this Report
We dig into the market using both numbers and stories, breaking it down by all sorts of things, not just the money side. We'll give you the market value in USD Billion for every slice and dice of the market we can find. Plus, we'll point out which region and segment are predicted to be the rocket ships – the fastest growing and most powerful. We'll also break down each region geographically, looking at who's buying what and what's influencing their decisions. Wondering who the big dogs are? We've got you covered with a competitive landscape that ranks the major players and highlights what they've been up to latelynew products, partnerships, expansions, and acquisitions from the last five years. You'll get detailed company profiles with an overview, key insights, a product showdown, and a good ol' SWOT analysis for the top companies. We'll also give you our take on where the market is now and where it's headed, considering recent news like growth opportunities, driving forces, potential pitfalls, and limitations in both up-and-coming and established regions. Expect an in-depth look at the market from all angles using Porter's five forces analysis. We'll even give you a glimpse into the market's Value Chain and how it all connects. Finally, we'll paint a picture of the market dynamics and the potential growth opportunities in the years ahead, and throw in 6 months of post-sales analyst support to boot.
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