USD 12.61 billion
Electronic Ceramics Market Size, Share, Growth Analysis, By Material(Alumina, Zirconia, Silica, and Others), By Application(Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators & Sensors), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2074 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
67
|Figures:
80
Electronic Ceramics Market Insights
Global Electronic Ceramics Market size was valued at USD 12.61 billion in 2022 and is poised to grow from USD 13.24 billion in 2023 to USD 19.56 billion by 2031, growing at a CAGR of 5% during the forecast period (2024-2031).
The global electronic ceramics market is a dynamic sector within the broader ceramics industry, characterized by the utilization of advanced ceramic materials in various electronic components and devices. These ceramics possess exceptional electrical, thermal, and mechanical properties, making them indispensable for modern electronics applications. The market's growth is primarily driven by the increasing demand for electronic devices, ranging from smartphones and wearables to automotive electronics and renewable energy systems. Electronic ceramics find applications in capacitors, piezoelectric devices, sensors, insulators, and substrates. The escalating need for miniaturization and enhanced performance in electronic products fuels the demand for these specialized ceramics. Furthermore, the rapid development of 5G technology, Internet of Things (IoT) devices, and electric vehicles (EVs) is amplifying the requirement for electronic ceramics.
US Electronic Ceramics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Alumina
Fastest Growth
Alumina
Growth Rate
5% CAGR
Global Electronic Ceramics Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Electronic Ceramics Market Segmental Analysis
The global electronic ceramics market is segmented on the basis of Material, End user, Application and region. By Material, the market is segmented into Alumina, Zirconia, Silica, Others. By End user, the market is segmented into Electronics, Automobile, Medical, Aerospace & Defense, Others. By Application, the market is segmented into Capacitors, Data Storage Devices, Optoelectronic Devices, Actuators & Sensors, Power Distribution Devices, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Electronic Ceramics Market Analysis By Material
Among the materials, Alumina (aluminum oxide) stands out as the dominant segment. Alumina is widely used due to its excellent electrical insulating properties, high thermal conductivity, and mechanical strength. It finds applications in various electronic components such as insulators, substrates, and circuit boards. Its versatility and reliability make it a favored choice in the electronics industry.
On the other hand, the fastest-growing segment is Zirconia (zirconium dioxide). Zirconia-based electronic ceramics offer exceptional properties like high temperature resistance, low thermal conductivity, and excellent ionic conductivity at elevated temperatures. These qualities make zirconia suitable for applications in solid oxide fuel cells, oxygen sensors, and other high-temperature electronic devices. As industries increasingly focus on energy efficiency and sustainable power generation, the demand for zirconia-based electronic ceramics is on the rise, contributing to its rapid growth in the market.
Electronic Ceramics Market Analysis By Application
Among the applications of the global electronic ceramics market, the dominant segment is likely to be Capacitors. Capacitors are widely used in various electronic devices for energy storage and voltage regulation. They play a crucial role in electronic circuits and systems, which contributes to their higher demand within the electronic ceramics market.
On the other hand, the fastest-growing segment is expected to be Actuators & Sensors. Actuators and sensors are essential components in various industries such as automotive, consumer electronics, healthcare, and industrial automation. Electronic ceramics provide unique properties such as piezoelectricity and ferroelectricity that are highly advantageous for actuator and sensor applications. As industries continue to embrace automation, smart technologies, and IoT devices, the demand for actuators and sensors utilizing electronic ceramics is projected to experience rapid growth.
Global Electronic Ceramics Market By Material
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Electronic Ceramics Market Regional Insights
The global electronic ceramics market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. One dominant region in the global electronic ceramics market is Asia-Pacific. This region holds a significant share due to its strong presence in electronics manufacturing, particularly in countries like China, Japan, South Korea, and Taiwan. These countries are major producers of electronic components and devices, driving the demand for electronic ceramics used in various applications such as capacitors, sensors, and piezoelectric devices.
One of the fastest-growing regions in the market is North America. The region is witnessing an increasing demand for electronic ceramics due to advancements in industries like telecommunications, aerospace, and healthcare. The development of 5G technology, expansion of the Internet of Things (IoT) devices, and the need for advanced medical equipment are propelling the demand for electronic ceramics. Additionally, the growing focus on renewable energy technologies like solar power and electric vehicles also contributes to the rising adoption of electronic ceramics in North America.
Global Electronic Ceramics Market By Geography
- Largest
- Fastest
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Electronic Ceramics Market Dynamics
Electronic Ceramics Market Drivers
Technological Advancements and Miniaturization:
- The increasing demand for electronic devices with higher performance and smaller form factors is driving the electronic ceramics market. Electronic ceramics, such as piezoelectric materials, dielectrics, and ferroelectrics, play a crucial role in various applications, including sensors, capacitors, and actuators. As industries like consumer electronics, telecommunications, and automotive continue to push for smaller and more efficient devices, the demand for electronic ceramics is expected to grow.
Rise of 5G and IoT:
- The deployment of 5G networks and the growth of the Internet of Things (IoT) are driving the demand for electronic ceramics. These ceramics are used in antennas, filters, resonators, and other components required for wireless communication. The higher frequencies and faster data rates of 5G networks require specialized ceramics that can withstand these conditions. Similarly, the proliferation of IoT devices relies on sensors and actuators that often incorporate electronic ceramics for their functional properties.
Electronic Ceramics Market Restraints
High Manufacturing Costs:
- The production of electronic ceramics involves complex processes, often requiring high-temperature sintering and specialized equipment. This can result in relatively high manufacturing costs compared to other materials. The cost factor can limit the adoption of electronic ceramics, particularly in cost-sensitive industries.
Limited Material Options for Extreme Conditions:
- While electronic ceramics offer excellent electrical, thermal, and mechanical properties, there might be limitations in terms of material options that can withstand extremely harsh conditions. For instance, in aerospace or industrial applications where extreme temperatures, pressures, or corrosive environments are present, finding suitable electronic ceramics that maintain performance under these conditions can be challenging.
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Electronic Ceramics Market Competitive Landscape
The global electronic ceramics market boasts a competitive landscape marked by the presence of key players striving for technological innovation and market expansion. Companies such as Kyocera Corporation, Murata Manufacturing Co., Ltd., and CeramTec are prominent players, known for their comprehensive product portfolios catering to various electronic applications. These companies focus on research and development to introduce advanced ceramics with enhanced electrical, thermal, and mechanical properties. Collaborations, partnerships, and mergers and acquisitions are common strategies to consolidate market presence and expand into new regions. Moreover, the market is characterized by a growing trend towards miniaturization of electronic components, driving the demand for specialized ceramics. As industries like electronics, telecommunications, and automotive continue to evolve, competition in the electronic ceramics market is likely to intensify, prompting players to continually innovate and meet the evolving demands of the electronics sector.
Electronic Ceramics Market Top Player’s Company Profile
- Kyocera Corporation (Japan)
- Murata Manufacturing Co., Ltd. (Japan)
- TDK Corporation (Japan)
- Corning Incorporated (USA)
- Ferro Corporation (USA)
- Morgan Advanced Materials (UK)
- NGK Insulators, Ltd. (Japan)
- CoorsTek, Inc. (USA)
- CeramTec GmbH (Germany)
- Vishay Intertechnology, Inc. (USA)
- Maruwa Co., Ltd. (Japan)
- Taiyo Yuden Co., Ltd. (Japan)
- KEMET Corporation (USA)
- DENKA Company Limited (Japan)
- EPCOS AG (Germany)
- Yageo Corporation (Taiwan)
- Jyoti Ceramic Industries Pvt. Ltd. (India)
- Sparkler Ceramics Pvt. Ltd. (India)
- PI Ceramics GmbH (Germany)
- Hitachi Metals, Ltd. (Japan)
- Chaozhou Three-circle (Group) Co., Ltd. (China)
- Guangdong Fenghua Advanced Technology (China)
- Ferrotec Corporation (Japan)
- Ceradyne, Inc. (USA)
- Elan Technology (USA)
Electronic Ceramics Market Recent Developments
- In February 2023, Kyocera Corporation announced the development of a new type of piezoelectric ceramic that is smaller and lighter than conventional piezoelectric ceramics. The new ceramic is expected to be used in a variety of applications, including sensors, actuators, and filters.
- In March 2023, Murata Manufacturing Co., Ltd. announced the expansion of its production capacity for multilayer ceramic capacitors (MLCCs). The expansion is in response to the growing demand for MLCCs in the automotive and industrial sectors.
- In April 2023, Morgan Advanced Materials plc announced the acquisition of CoorsTek Ceramics. The acquisition is expected to strengthen Morgan's position in the global electronic ceramics market.
- In May 2023, CeramTec Holding GmbH announced the launch of a new range of piezoelectric ceramics for medical applications. The new ceramics are expected to be used in a variety of medical devices, such as pacemakers and hearing aids.
Electronic Ceramics Key Market Trends
- Miniaturization of Electronic Devices: The increasing demand for smaller and more efficient electronic devices, such as smartphones, wearables, and IoT devices, is driving the need for miniaturized electronic components. Electronic ceramics, known for their excellent electrical properties and mechanical strength, are crucial in enabling the miniaturization of components while maintaining their performance. These ceramics are used in capacitors, resistors, and insulators, allowing manufacturers to pack more functionality into smaller spaces. As the trend towards smaller and more powerful devices continues, the demand for electronic ceramics is expected to rise.
- Growing Demand for High-Frequency Applications: With the expansion of wireless communication technologies like 5G and the Internet of Things (IoT), there is a heightened demand for electronic components that can operate at higher frequencies. Electronic ceramics exhibit low dielectric losses and excellent frequency stability, making them suitable for high-frequency applications such as RF filters, antennas, and resonators. As these high-frequency applications become increasingly integral to modern communication systems, the electronic ceramics market is experiencing growth to meet the specialized needs of these technologies.
Electronic Ceramics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global electronic ceramics market analysis, the market is experiencing substantial growth owing to the increasing demand for advanced electronics in various sectors. Electronic ceramics, including piezoelectric materials, capacitors, and substrates, play a crucial role in electronic components due to their unique properties such as electrical insulation, thermal conductivity, and mechanical strength. The rapid expansion of industries like telecommunications, consumer electronics, automotive, and healthcare is driving the market, as these sectors heavily rely on electronic devices and components.
The ongoing development of 5G technology, Internet of Things (IoT) devices, and high-performance electronics is further bolstering demand for electronic ceramics. However, the market faces challenges such as high production costs and the need for precise manufacturing techniques. Nonetheless, as technological advancements continue and demand for efficient, compact, and durable electronic devices grows, the electronic ceramics market is positioned for continuous expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.61 billion |
| Market size value in 2031 | USD 19.56 billion |
| Growth Rate | 5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronic Ceramics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronic Ceramics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronic Ceramics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Ceramics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Ceramics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Ceramics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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