The Global Electronic Ceramics Market size is expected to reach $15.9 billion by 2026, rising at a market growth of 7.2% CAGR during the forecast period. Electronic ceramics refers to the ceramic materials that carry out the electronic function. It is also known as electroceramics. Electronic ceramic materials are drawn from different rocks, which is available in powder formations and several forms. There are many kinds of electronic ceramics available in the market like dielectric ceramics, piezoceramics, ferroelectric ceramics, and conducting ceramics. Electronic ceramics are high in strength, chemical resistance, and thermal & corrosion strength, and wear resistance that helps in reliable and thermal efficient operations.
The growth rate of the global electronic ceramic market depends on factors like new technological advancements in electronics, communication systems, and automotive. Along with that, the Internet of Things has the power to boost every sector. It allows the digital transformation of many processes, through various sensors; it helps in monitoring main operational parameters in manufacturing, storage monitoring, vehicle tracking, and healthcare. The 5G network requires a new set of tools and antenna systems to transfer a huge amount of data.
The covid-19 pandemic has resulted in the worldwide lockdown and temporary closure of the manufacturing facilities leads to the disturbance of the supply chain. There is a reduction in the sales of electronic ceramics due to the declining demand of the automotive and telecommunications sectors. In addition, the electronic ceramics market has affected by the ban on interstate & international transportation of finished products.
Based on Application, the market is segmented into Capacitors, Actuators & Sensors, Power Distribution Devices, Data Storage Devices, Optoelectronic Devices, and Others. The capacitors category takes up the market by one-third of the total share and is expected to grow at a notable CAGR during the forecast period. Capacitors, mostly MLCCs have applied in every industrial vertical such as military, electronics, aerospace, and industrial telecommunication systems.
Based on Material, the market is segmented into Alumina, Silica, Zirconia and Others. The alumina category was the major contributor to the market and has a high revenue share in the total electronic ceramics market share. This presents a fact that alumina is the most chosen material for thick and thin-film ceramic substrates that are used in hybrid electronic circuits. The Zirconia segment would showcase prominent growth rate during the forecast period.
Based on End User, the market is segmented into Electronics, Aerospace & Defense, Automobile, Medical, and Others. The electronics sector was the biggest contributor to the market with its major share and is expected to grow at a remarkable CAGR during the forecast period. Ceramics plays a vital role in the electronic industry with various functions like super conduction, insulation, semi-conduction, magnetic and piezoelectric applications. These processes are very important in the manufacturing of products like television, computers, phones, and other electronic items.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 11.1 Billion |
| Market size forecast in 2026 | USD 15.9 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 7.2% from 2020 to 2026 |
| Number of Pages | 233 |
| Number of Tables | 410 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Material, Application, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Electronic Ceramics Market to reach a market size of $15.9 Billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America is the largest manufacturer and second-largest consumer of electronic ceramics around the world. The market in North America is driven by the increasing opportunities from the medical devices industry and the growing industrial end-use industry. Electrical home appliances and power grids are on the top end-use industries that contribute to the increasing demand for electronic ceramics in Europe. The second-fastest-growing region after Asia-Pacific is the Middle East and South Africa due to the increasing power grid industry in that region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kyocera Corporation, CoorsTek, Inc., CeramTec GmbH (BC Partners), Morgan Advanced Materials PLC, 3M Company, Murata Manufacturing Co., Ltd., NGK Spark Plug Co., Ltd., Rauschert Steinbach GmbH, Mantec Technical Ceramics Limited and Sparkler Ceramics Pvt. Ltd.
By Material
By Application
By End-User
By Geography
Companies Profiled
The global electronic ceramics market size is expected to reach $15.9 billion by 2026.
There are several reason that cause high demand of this market one of them is the shift in the usage of Conventional Metals and alloys by Electronic ceramics.
The Electronics market dominated the global electronic ceramics Market by End User in 2019.
Kyocera Corporation, CoorsTek, Inc., CeramTec GmbH (BC Partners), Morgan Advanced Materials PLC, 3M Company, Murata Manufacturing Co., Ltd., NGK Spark Plug Co., Ltd., Rauschert Steinbach GmbH, Mantec Technical Ceramics Limited and Sparkler Ceramics Pvt. Ltd.
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