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I AgreeAnalysis of Electronics and Electrical Ceramics market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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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.
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.
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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.
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.
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.
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.
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.
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:
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 |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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The global electronics and electrical ceramics market is valued at nearly US$ 12 Bn.
Demand for electronics and electrical ceramics is expected to close in at almost US$ 15 Bn by 2031, expanding at above 5% CAGR.
From 2016 to 2020, the market for electronics and electrical ceramics progressed at 4% CAGR.
Rapid development of consumer electronics industry in the wake of improving telecommunications infrastructure is pivoting sales of electronics and electrical ceramics.
China, Japan, the U.S., Canada, and Germany are the main countries driving demand for electronics and electrical ceramics.
A thriving consumer electronics and medical device market is widening growth prospects for manufacturers in India.
Alumina ceramics are expected to be most popular, reaching US$ 5 Bn valuation by 2031.
The top 5 markets for electronics and electrical ceramics are poised to surpass US$ 2 Bn by 2031.
North America holds an impressive valuation with the U.S. accounting for over US$ 3 Bn, as of 2020.
Germany promises to emerge as the most lucrative market in Europe, expanding at over 4% CAGR through 2031.