Electronics and Electrical Ceramics Market

Electronics and Electrical Ceramics Market Growth Outlook (2023 to 2033)

Based on the analysis by Fact.MR, the global electronics and electrical ceramics market is valued to be US$ 11.6 billion in 2023 and it is anticipated to grow at a CAGR of 5.0% to reach US$ 18.9 billion by the end of 2033.

Electronics and electrical ceramics possess high mechanical strength and hardness, making them resistant to physical stress and wear. They can withstand mechanical forces, vibrations, and impacts, providing mechanical stability to electronic assemblies.

This property is crucial for components subjected to harsh operating conditions or those requiring precise alignments, such as circuit substrates, insulators, and connectors, which are used in a wide range of end-use industries such as medical devices, mobile phone applications, home appliances, and others. Thus, expansion in these various end-use industries drives the market growth during the coming year.

Report Attributes	Details
Electronics and Electrical Ceramics Market Size (2022A)	US$ 11.0 Billion
Estimated Market Value (2023E)	US$ 11.6 Billion
Forecasted Market Value (2033F)	US$ 18.9 Billion
Global Market Growth Rate (2023-2033)	5.0% CAGR
Key Companies Profiled	Kyocera Corporation Mantec Technical Ceramics Ltd. Morgan Advanced Materials Plc Murata Manufacturing Co. Ltd. NGK Spark Plug Co. Ltd. Rauschert Steinbach GmbH

Historic and Future Pathway Analysis for the Electronics and Electrical Ceramics Market

Electronics and electrical ceramics are a specialized class of ceramics that are specifically designed and engineered for applications in the field of electronics and electrical engineering. They possess unique properties that make them well-suited for various electronic components and devices.

Industrial automation is gaining prominence across various sectors, including manufacturing, automotive, and healthcare. Ceramics find applications in sensors, actuators, and control systems used in automation technologies. As industries adopt automation to enhance productivity and efficiency, the demand for ceramics in electronic components and systems rises.

• Short Term (2023-2026): The demand for consumer electronics such as smartphones, tablets, wearables, and home appliances is consistently rising. Electronics and electrical ceramics are widely used in these devices for components such as capacitors, resistors, and insulators. As the consumer electronics market expands, the demand for ceramics used in their manufacturing also increases.
• Medium Term (2026-2029): The shift towards electric vehicles is fueling the demand for ceramics in the automotive sector. Ceramics are used in electric vehicle batteries, charging systems, power electronics, and thermal management components. As the global adoption of electric vehicles continues to increase, the demand for ceramics in the automotive industry is expected to grow significantly, especially across emerging economies such as China and India.
• Long Term (2029-2033): Continuous advancements in ceramic materials, manufacturing processes, and properties contribute to the market's growth. Researchers are developing innovative ceramics with improved electrical conductivity, higher thermal resistance, and enhanced mechanical strength. These advancements expand the application areas for ceramics and drive their demand in the electronics and electrical sectors.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.0% CAGR between 2023 and 2033.

Market Dynamics Outlook

“Growing Device Miniaturization Trend: Fuels Electronics and electrical ceramics Demand”

The growing trend of miniaturization in electronic devices plays a significant role in driving the growth of the Electronics and Electrical Ceramics market.

Miniaturization allows electronic devices to become smaller and more compact while maintaining or improving their performance. Ceramics, with their high dielectric strength and excellent thermal properties, are well-suited for miniaturized components. They can be fabricated into small sizes with precise dimensions, enabling space-efficient designs without compromising functionality.

As electronic devices become smaller, the need for components with superior performance characteristics increases. Ceramics offer desirable properties such as high electrical insulation, low signal loss, and stability across a wide range of temperatures. These properties are crucial for miniaturized components such as capacitors, resistors, and inductors, as they contribute to better signal integrity, reduced power losses, and improved overall performance. Hence, the growing trend of miniaturization in electronic devices drives the demand for Electronics and Electrical Ceramics.

“Factor Retarding the Growth of the Market: Restrain”

Ceramics, especially advanced or specialized ceramics, can be relatively expensive compared to alternative materials. The cost of raw materials, manufacturing processes, and quality control can contribute to the higher price of ceramics. This cost factor may limit their adoption in certain price-sensitive applications or industries, thus restraining the overall market growth.

Ceramics are typically rigid and have limited flexibility compared to other materials. This lack of flexibility can constrain their use in applications that require intricate or complex shapes, especially in cases where components need to be bent, twisted, or compressed. Materials like flexible printed circuit boards or flexible polymers may be preferred in such instances. The limited design flexibility of ceramics can be a restraining factor in certain industries or applications.

Country-wise Insights

Why Chinese Market is Lucrative for the Electronics and Electrical Ceramics Manufacturers?

The growth of the consumer electronics industry in China has had a significant impact on the Electronics and Electrical Ceramics market. China has emerged as one of the largest consumer electronics markets globally,

Electronics and Electrical Ceramics are essential components used in various consumer electronic devices, including smartphones, tablets, laptops, televisions, wearables, and home appliances. These ceramics play a crucial role in providing thermal management, electrical insulation, and structural support in electronic devices.

The expansion of the consumer electronics industry in China creates a substantial demand for Electronics and Electrical Ceramics. As more people purchase electronic devices, the need for these ceramics increases proportionately. Manufacturers of consumer electronics rely on these ceramics to enhance the performance and reliability of their products.

Additionally, the Chinese government has been actively supporting the development of the domestic consumer electronics industry through favorable policies, subsidies, and investments in research and development. This has led to a flourishing ecosystem of consumer electronics manufacturers in China, which, in turn, drives the demand for Electronics and Electrical Ceramics.

What Factors Drives Electronics and Electrical Ceramics Market in the US?

The United States has a thriving electronics industry, encompassing a wide range of sectors, including semiconductors, telecommunications, computer and electronic products, and medical devices. Ceramics play a vital role in these industries, as they are used in components like capacitors, resistors, sensors, connectors, and substrates. The high demand for electronics products in the US drives the need for ceramics as essential building blocks of these devices.

The United States has a well-developed healthcare sector, which drives the demand for electronic medical devices. Ceramics play a crucial role in medical applications, including imaging and diagnostic equipment, pacemakers, hearing aids, and implantable devices. As the healthcare industry continues to advance and the demand for innovative medical devices increases, the demand for ceramics in this sector is expected to grow.

Category-wise Insights

Why do Alumina is the Preferred Material in the Electronics and Electrical Ceramics Market?

Alumina exhibits excellent dielectric strength, meaning it can withstand high electric fields without electrical breakdown. This property makes alumina ideal for applications where high voltages or electrical insulation is required, such as in capacitors, insulators, and circuit boards.

Alumina has excellent thermal stability, enabling it to withstand high temperatures without significant degradation or loss of properties. This characteristic makes it suitable for applications involving high-temperature environments, including power electronics, automotive components, and high-power electronic devices.

Alumina is an excellent electrical insulator, effectively blocking the flow of electric current. It is widely used in electronic components that require insulation, such as substrates, circuit boards, and electrical connectors.

Why Demand for Electronics and Electrical Ceramics is High in Medical Devices?

The medical devices industry is constantly evolving with technological advancements, leading to the development of more sophisticated and complex devices. Electronics and Electrical Ceramics are essential components in medical devices, providing thermal management, electrical insulation, hermetic sealing, and biocompatibility, among other functionalities. As medical devices become more advanced, the demand for high-performance ceramics increases.

Medical devices require materials that are biocompatible and can withstand various sterilization processes such as autoclaving and chemical sterilization. Ceramics, particularly bioinert ceramics like alumina and zirconia, have excellent biocompatibility and can withstand harsh sterilization methods without degradation. As the demand for medical devices grows, so does the need for ceramics that meet the requirements of biocompatibility and sterilization.

Eminent Players Key Stratagems

Prominent electronics and electrical ceramics manufacturers are Kyocera Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials Plc, Murata Manufacturing Co. Ltd., NGK Spark Plug Co. Ltd., and Rauschert Steinbach GmbH

Major players in the electronics and electroceramics industry rely on new product launches, strategic mergers and acquisitions, collaborations and regulatory approvals, among other strategies, to remain visible in the market.

Some notable developments include :

• In May 2021, CeramTec GmbH has launched a new ceramic power semiconductor module for electric drive frequency converters. Together with the Fraunhofer Institute for Integrated Systems and Devices Technology (IISB), he developed a ceramic heat sink with a heat sink on a chip.
• 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.

Fact.MR has provided detailed information about the price points of key manufacturers of electronics and electrical ceramics positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Electronics and Electrical Ceramics Industry Research

• By Material :

  • Alumina
  • Titanate
  • Zirconia
  • Silica
  • Other

• By Application :

  • Home Appliances
  • Power Grids
  • Medical Devices
  • Mobile Phones
  • Other

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa