The Electrical And Electronics Ceramics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electrical And Electronics Ceramics Global Market Report 2024, The electrical and electronics ceramics market size has grown strongly in recent years. It will grow from $12.42 billion in 2023 to $13.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to electronics miniaturization, increased demand for high-temperature stability, semiconductor industry growth, demand for capacitors and resistors, electronics manufacturing expansion, and increased demand for energy efficiency in electronics.
The electrical and electronics ceramics market size is expected to see strong growth in the next few years. It will grow to $17.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to emerging market expansion, regulatory compliance and safety standards, research and development in ceramics, electric vehicle (ev) growth, and increasing adoption of internet of things (iot) devices. Major trends in the forecast period include introduction of advanced semiconductor materials, technological advancements in ceramics, sustainable and eco-friendly ceramics, integration of ceramics in renewable energy, and advanced packaging technologies.
The growing semiconductor and electronics industry is expected to propel the growth of the electrical and electronics ceramics market going forward. Semiconductors are referred to as materials with a resistance that falls between conductors and insulators. These are widely used in the electronics industry and in electronic devices such as diodes, transistors, and integrated circuits. Electrical ceramics, also known as piezoelectric ceramics, are gaining popularity in consumer electronics due to their ease of fabrication in a wide range of forms and sizes, which adds greatly to the miniaturization of electro-mechanical characteristics. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, in 2022, LG earned its highest annual revenue ever, an increase of 12.9% from 2021. The revenue for the LG Home Appliance & Air Solution Company in 2022 was $22.5 billion, an increase of 10.3% from 2021. Therefore, the growing semiconductor and electronics industries are anticipated to propel electrical and electronics ceramics market growth in the near future .
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The electrical and electronics ceramics market covered in this report is segmented –
1) By Product: Monolithic Ceramics, Ceramics Matrix Composites, Ceramics Coatings, Other Products
2) By Material: Alumina Ceramics, Titanate Ceramics, Zirconia Ceramics, Silica Ceramics, Other Materials
3) By End-User: Home Appliances, Power Grids, Medical Devices, Mobile Phones, Other End-Users
Technological advancements are the key trend gaining popularity in the electrical and electronics ceramics market. Major companies operating in the electrical and electronics ceramics market sector are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2021, CeramTec, a Germany-based ceramic manufacturing company, launched a new ceramic power semiconductor module for drive inverters in e-mobility. The company has developed a ceramic chip-on-heatsink technology that uses ceramic coolers that de-heat semiconductor chips, providing efficient cooling.
The electrical and electronics ceramics market report table of contents includes:
- Executive Summary
- Electrical And Electronics Ceramics Market Characteristics
- Electrical And Electronics Ceramics Market Trends And Strategies
- Electrical And Electronics Ceramics Market – Macro Economic Scenario
- Global Electrical And Electronics Ceramics Market Size and Growth
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- Global Electrical And Electronics Ceramics Market Competitive Benchmarking
- Global Electrical And Electronics Ceramics Market Competitive Dashboard
- Key Mergers And Acquisitions In The Electrical And Electronics Ceramics Market
- Electrical And Electronics Ceramics Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- CeramTec GmbH
- CoorsTek Inc
- Kyocera Corporation
- Mantec Technical Ceramics Ltd
- Morgan Advanced Materials PLC
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