The growth of the electronics ceramics & electrical ceramics market on a global scale is being driven by several new technological advancements in communication, automotive, and electrical systems.
PUNE, India, May 22, 2023 /PRNewswire/ — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Electronics Ceramics & Electrical Ceramics Market.
The global electronics ceramics & electrical ceramics market is expected to grow at 5.3% CAGR from 2023 to 2029. It is expected to reach above USD 19.3 billion by 2029 from USD 12.82 billion in 2022.
Electronics and electrical ceramics are advanced materials found in many electronic and electrical devices. These ceramics have unique electrical, thermal, and mechanical properties that allow them to be used in a variety of applications such as capacitors, insulators, and piezoelectric devices. They are used in a variety of end-use industries, including aerospace, biomedical, and telecommunications.
Metal oxides, such as aluminium oxide, titanium oxide, and zirconium oxide, are commonly used to make electronics and electrical ceramics. Before being exposed to high temperatures, these oxides are formed into powders and then shaped into the desired shape.
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Some notable developments
In May 2021, CeramTec GmbH launched a new ceramic power semiconductor module for drive inverters in e-mobility. Together with the Fraunhofer Institute for Integrated Systems and Device Technology (IISB), it has developed a ceramic heat sink with chip-on heatsink technology.
In February 2021, CoorsTek Inc. expanded its manufacturing capacity across Southeast Asia by initiating construction of a 400,000 sq. ft. engineered ceramics facility in Rayong, Thailand. This will help augment its capacity to produce more electronics and electrical ceramics.
The Asia Pacific region held a share of 35% in 2022.
Asia Pacific had the largest market for electronics ceramics and electrical ceramics. The growing use of electrical and electronic ceramics in the home appliance and medical device industries is driving the region’s rising demand for electrical and electronic ceramics. China, Japan, India, South Korea, and Vietnam are the region’s top consumers of electronic and electrical ceramics.
Consumer Appliances Sector Expansion Driving Electronics & Electrical Ceramics Market Size
Increased adoption of electronic devices and increased internet penetration are positively impacting the growth of the consumer appliances sector. Because of their high thermal and electrical stability, advanced ceramics are used in the manufacture of a variety of electronic components such as insulators and capacitors.
Ceramics’ high dielectric constant allows for the miniaturisation of electronic components. Thus, a surge in demand for electronic devices is expected to drive the growth of the electronics & electrical ceramics market in the coming years.
Surge in Utilization of Dental and Bone Implants
Ceramics are used as structural components, insulators, and heat exchangers in a variety of industries. Dental and bone implants are made