Electronics and Electrical Ceramics Market

Electronics and Electrical Ceramics Market Outlook

As per Fact.MR’s electronics and electrical ceramics market insights, sales are likely to incline rapidly significant across Asia, with China topping a valuation of US$ 2 Bn by 2031, amounting to approx. 13% of the global market share. High uptake across consumer electronics and medical device manufacturing is bolstering market prospects across the East Asian giant. In 2021, the global market is poised to reach nearly US$ 12 Bn.

Key Points Covered in Electronics and Electrical Ceramics Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Electronics and Electrical Ceramics and How to Navigate
• Recommendation on Key Winning Strategies

Electronics and Electrical Ceramics Industry Analysis from 2016-2020 Vs Future Market Outlook for 2021-2031

Analysis of electronics and electrical ceramics demand from 2016 to 2020 reveals that the market expanded at approximately 4% CAGR. Prospects were majorly fueled by consistent increase in the global consumer electronics landscape.

Growth prospects have been revised to accommodate contractions induced by COVID-19. Amidst the crisis, the global market for electronics and electrical ceramics closed in at over US$ 10 Bn in 2020.

Future prospects are broadening amidst extensive uptake in the medical industry. From 2021 to 2031, electronics and electrical ceramics sales forecast is valued at nearly 5% CAGR.

Is Increasing Demand for Consumer Appliances Spearheading Sales Electronics and Electrical Ceramics?

According to Fact.MR’s market report on electronics and electrical ceramics, consumer appliances are expected to remain the dominant application area for these ceramics. These are primarily used in electronic substrates and spark plug insulators, attributed to excellent electric and mechanical properties.

Furthermore, as the global electronics industry expands, demand for smartphones, tablets, laptops, portable computing systems and gaming devices are augmenting production of advanced ceramics, thus widening expansion prospects in forthcoming years.

Hence, insights into the electronics and electrical ceramics market reveal that demand for the same is anticipated to incline the maximum across these two geographies in the forthcoming decade.

What are the Key Challenges Impacting Demand for Electronics and Electrical Ceramics?

Though the global electronics ceramics & electrical ceramics market is growing at a significant rate, a few factors such as high price of raw materials, shift of the end-use market from developed countries to the emerging countries, and the increasing cost of production hinder the growth of the market.

Additionally, electronics and electrical ceramics possess a relatively high dielectric constant, which delays signal propagation, along with low thermal conductivity, rendering them inefficient to draw away heat. Consequently, manufacturers are making efforts to introduce ceramics made from more robust material.

Why are Key Manufacturers of Electronics and Electrical Ceramics Targeting the Asian Market?

The electronics and electrical ceramics sales forecast reveals highly promising growth prospects across key Asian economies, notably China, India, Japan and South Korea, attributed to elevated demand for consumer electronics in recent years.

Amongst all Asian market, growth across China and India are likely to be of immense significance, as major telecommunications and consumer electronics giants are establishing manufacturing bases across these countries. While China surpassed US$ 100 Bn in 2019, India reached US$ 11 Bn with regard to consumer electronics sales.

Country-wise Analysis

What are Electronics and Electrical Ceramics Sales Prospects across the U.S?

The electronics and electrical ceramics industry survey for the U.S estimates the market to have topped US$ 3 Bn in 2020. Sales are majorly spurred by a flourishing medical devices industry.

According to SelectUSA, the U.S remains the largest medical device market in the world, valued at US$ 156 Bn in 2017, or 40% of the global landscape. By 2023, it is slated to reach US$ 208 Bn. An increasing population pool suffering from various chronic diseases is increasing hospitalization rates, prompting investments in high-grade medical equipment made from high quality ceramics.

How is China’s Electronics and Electrical Ceramics Demand Outlook Shaping?

Sales of electronics and electrical ceramics in China is forecast to top US$ 2 Bn by 2031, trailing at over 4% CAGR. Increasing demand for consumer electronics is bolstering uptake of these ceramics by key manufacturers in recent years.

Currently, China comprises 2/5 of the global share in the technical ceramics industry. This includes electronics and electrical ceramics as well. Rising digital literacy is prompting consumers to purchase smartphones and laptops, which are driving adoption of high-grade ceramics for their internal components.

Category-wise Insights

Why are Electronics and Electrical Ceramics for Medical Devices Experiencing High Sales?

By end use, sales of electronics and electrical ceramics for medical devices are anticipated to expand the fastest, registering a CAGR of 5% until 2031. Growing need for devices such as pacemakers, defibrillators and endoscope forceps are spurring adoption.

Morgan Advanced Materials is a pioneer in medical device ceramics, designing and manufacturing ceramic implants and assemblies for surgical tools, medical instrumentation and therapeutic & diagnostic equipment.

Alumina Electronics and Electrical Ceramics to Remain Top Selling Product?

Electronics and electrical ceramics market insights reveal that sales of alumina ceramics are expected to tower over others, expanding at over 5% CAGR to reach US$ 5 Bn by 2031. Widespread application across several areas is stimulating growth.

Alumina ceramics are widely deployed across home appliances and medical devices manufacturing, owing to its high mechanical strength, enhanced wear resistance, greater thermal stability and high corrosion resistance.

Competitive Landscape

Key players in the electronics and electrical ceramics landscape rely on new product launches, strategic mergers & acquisitions, collaborations and regulatory approvals among other strategies to remain prominent in the market. Some notable developments are as follows:

• 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.

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany U.K. France Italy China Japan South Korea India Australia Brazil Mexico Argentina GCC South Africa
Key Market Segments Covered	End Use Material Region
Key Companies Profiled	Ceradyne Inc. CeramTec GmbH CoorsTek Inc. Kyocera Corporation Mantec Technical Ceramics Ltd. Morgan Advanced Materials Plc  Murata Manufacturing Co. Ltd. NGK Spark Plug Co. Ltd. Rauschert Steinbach GmbH
Pricing	Available upon Request

Market Segments Covered in Study

• End Use

  • Electronics and Electrical Ceramics for Home Appliances
  • Electronics and Electrical Ceramics for Power Grids
  • Electronics and Electrical Ceramics for Medical Devices
  • Electronics and Electrical Ceramics for Mobile Phones
  • Electronics and Electrical Ceramics for Other End Uses

• Material

  • Alumina Electronics and Electrical Ceramics
  • Titanate Electronics and Electrical Ceramics
  • Zirconia Electronics and Electrical Ceramics
  • Silica Electronics and Electrical Ceramics
  • Other Materials Electronics and Electrical Ceramics