Global Electronic Ceramics Market Overview 2023-2028
The global electronic ceramics market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Electronic ceramics are engineered with unique properties to facilitate the seamless functioning of electronic components. They have enhanced electrical insulating capabilities, thermal stability, and the ability to endure extreme conditions, which makes them a suitable component in electronic device manufacturing. They serve as crucial components in capacitors, resonators, and sensors and support the functionality and reliability of modern electronic systems. As they are beneficial in reducing energy consumption and maintaining environmental sustainability, the demand for electronic ceramics is increasing across the globe.
Global Electronic Ceramics Market Trends and Drivers:
At present, the rising emergence of fifth generation (5G) technology, coupled with the expanding Internet of Things (IoT) ecosystem, represents one of the major factors driving the market positively. In addition, the increasing adoption of electronic ceramics, as they assist in creating high-frequency resonators and filters that are essential for seamless data transmission and communication, is contributing to the growth of the market. Moreover, the growing demand for smaller and more powerful electronic devices among individuals, along with the rising popularity of miniaturization, is offering a favorable market outlook. Besides this, the increasing focus on eco-friendly manufacturing practices is impelling the growth of the market. Furthermore, the rising utilization of electronic ceramics in clean energy applications, such as solar cells and fuel cells, is bolstering the growth of the market.
Global Electronic Ceramics Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Almatis GmbH, American Elements, APC International Ltd., Central Electronics Limited, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Ferro Corporation, Ishihara Sangyo Kaisha Ltd., Noritake Co. Limited, Physik Instrumente (PI) GmbH & Co. KG., Sensor Technology Ltd. and Venator Materials PLC (Huntsman Corporation).
The report 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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