The Electronics Ceramics & Electrical Ceramics Market has a slow growth pace in the market, which is mainly driven by the demand for titanate made ceramics as they are widely accepted in various end-use industries. The Electronics Ceramics & Electrical Ceramics Market is expected to reach a total of USD 12.24 Billion by the end of 2023 with a 4.92 % CAGR.
CPS Technologies Corporation, a leader in merging ceramics and metals to improve performance and reliability of applications in a variety of electrical system applications, has announced their exhibition at the Electronic Components and Technology Conference.
The size of the Market was around USD 10.41 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 4.92 % to reach close to USD 12.24 Billion by the end of the forecast period.
Electronics Ceramics & Electrical Ceramics Market Drivers and Restraints:
The demand for titanate mainly drives the market made ceramics as they are widely accepted in various end-use industries. Also, the demand from the medical devices end-use industry helps drive the market.
However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific suppresses the market expansion into regions like the Middle East and Africa.
Electronics Ceramics & Electrical Ceramics Market Segmentation Analysis:
Based on the material, the market is segmented into Alumina, Silica, Zirconia, Titanate, and Others. Among the mentioned materials, the alumina ceramics segment accounts for the largest share in the market in terms of both volume and value. This segment is expected to have the fastest growth rate in the proposed forecast period, mainly due to the increasing acceptance in various end-use industries like medical devices and home applications.
Based on the product, the market is categorized into Ceramic Matrix Composites, Ceramic coatings, Monolithic Ceramics, and Others. Of the mentioned product types, the monolithic ceramic segment is the fastest growing and is expected to have the most rapid growth rate, mainly due to the demand from the end-use industries.
By End-Use Industry
Based on the end-use industries, the market for electrical ceramics and electronics ceramics is divided into Home Appliances, Power Grids, Medical Devices, Mobile Phones, and Others. Of the mentioned industries, the home applications segment is the largest. However, the medical devices segment has the fastest growth rate in the proposed forecast period, which may make it the leading application by the end of the forecast period. The growth is mainly attributed to the growing need for advanced medical devices like heart pacemakers, endoscope forceps, defibrillators, and many others for diagnostic X-rays, CTs, and radiation-related treatments.
Electronics Ceramics & Electrical Ceramics Market Geographical Analysis:
By geography, the market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Electronics Ceramics & Electrical Ceramics Market in the year of 2018, in terms of value and volume. The regional advantages offered this region, such as ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast-emerging industries in this region, hence the region’s position in the market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These reasons make this region the fastest growing regional market in the proposed forecast period.
North America is next in the lead of the Electronics Ceramics & Electrical Ceramics Market by both value and volume, as of 2018. The situation of many key market players in this region with well-established infrastructure is the main reason for its market position. This region is the third fastest-growing region in the market, following the Asia Pacific.
Europe is next in the lead of the market in the year 2018. The presence of a considerable customer base in and around this region is helping in the growth of the Electronics Ceramics & Electrical Ceramics Market in this region. This region is only the second-fastest-growing region in the market in the projected forecast period.
On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.
Electronics Ceramics & Electrical Ceramics Market Key Market Players:
By the end of 2018 Rauschert Steinbach GmbH (Germany), McDanel Advanced Ceramic Technologies (U.S.), Kyocera Corporation (Japan), ENrG Inc. (U.S.), Morgan Advanced Materials (U.K.), Ceram Tec GmbH (Germany), Mantec Technical Ceramics Ltd. (U.K.), NGK Spark Plug Co., Ltd. (Japan), Coors Tek, Inc. (U.S.), and Ceradyne, Inc. (U.S.) are the leading shareholders of the market for Electronics Ceramics & Electrical Ceramics Market. There is a constant competition between these companies regarding the pricing and quality of the product.
Electronics Ceramics & Electrical Ceramics Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.7 Y-o-Y Growth Analysis, By Material
5.1.8 Market Attractiveness Analysis, By Material
5.1.9 Market Share Analysis, By Material
5.2.2 Monolithic Ceramics
5.2.3 Ceramic Matrix Composites
5.2.4 Ceramic Coatings
5.2.6 Y-o-Y Growth Analysis, By Product
5.2.7 Market Attractiveness Analysis, By Product
5.2.8 Market Share Analysis, By Product
5.3 End-Use Industry
5.3.2 Home Appliances
5.3.3 Power Grids
5.3.4 Medical Devices
5.3.5 Mobile Phones
5.2.7 Y-o-Y Growth Analysis, By End-Use Industry
5.2.8 Market Attractiveness Analysis, By End-Use Industry
5.2.9 Market Share Analysis, By End-Use Industry
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Material
18.104.22.168 By Product
22.214.171.124 By End-Use Industry
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Material
184.108.40.206 By Product
220.127.116.11 By End-Use Industry
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Material
126.96.36.199 By Product
188.8.131.52 By End-Use Industry
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Rauschert Steinbach GmbH
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Kyocera Corporation
8.3 ENrG Inc.
8.4 McDanel Advanced Ceramic Technologies
8.5 Mantec Technical Ceramics Ltd.
8.6 NGK Spark Plug Co., Ltd.
8.7 Coors Tek, Inc.
8.8 Ceram Tec GmbH
8.9 Morgan Advanced Materials
8.10 Ceradyne, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures