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Electronic Ceramics Market Growing at 4.3% CAGR by 2025: CeramTec North America, Morgan Advanced Materials, Maruwa Co.Ltd, Central Electronics Limited, Sensor Technology

Asia Pacific electronic ceramics market will witness a growth rate of about 5% with revenue reaching beyond USD 6 billion by 2025.

 

Sellbyville, DE -- (SBWIRE) -- 10/18/2018 -- Based on revenue, automotive and transportation sector shows a considerable growth in the end-user segment of electronic ceramics market with a CAGR of more than 4% from 2018 to 2025.The product is used in parking sensors, airbag sensors, actuators and in the fuel injectors of the diesel engines as replacement of conventionally used solenoid valve devices. Growing population along with improving standard of living will result in the growth of the automobile sector, thus driving product demand in coming years.

Based on revenue, piezoelectric ceramics will witness a growth rate of about 5% over the forecast time period. The product shows piezoelectric effect which means on the application of mechanical stress it produces electric signals. Various devices such as power transformers, sensors, ultrasound imaging, actuators are made using this effect either directly or conversely.

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Electronic Ceramics Market Size will surpass USD 15 billion by 2025. Dynamic growth in European healthcare sector due to increasing number of aging population and advent of chronic diseases is one of the crucial factors constituting to the regional electronic ceramics market growth. Electronic ceramics, also called electroceramics, are used in various laboratory analytical apparatus, x-ray equipment and also employed in photomultipliers of various medical imaging systems to create 3D images.

This in turn will help surgeons to perform various complex medical procedures with better accuracy. Globally, expenditure in the healthcare sector is going to rise by 50% reaching over USD 8.5 trillion by 2020. European healthcare expenditure is high as compared to other regions, with the German healthcare expenditure reaching the highest in the region at close to USD 385 billion in 2015. This was more than a tenth of the country's GDP. The above-mentioned trends are projected to continue and will bolster the electronic ceramics market growth by 2025.

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The commercial landscape of the global electronic ceramics market also thrives on the current trends of robust expansion of the telecommunication infrastructure which is focusing on the deployment of a high quality broadcasting network. With the arrival of 5G networks, the demand for electroceramic products is thus witnessing an exponential growth, as they can be easily laser trimmed to be used in mobile phones, antenna chips, and other consumer appliances.

Speaking along similar lines, estimates claim that around 2.5 billion of unique subscribers were recorded alone in the Asia Pacific belt, which accounted for two third of the regional population. Given the massive growth in the telecommunication sector, rise in cellular phone consumer base, and growing presence of other sectors such as consumer electronics and healthcare, the APAC electronic ceramics industry is expected to tread along a lucrative growth graph, having garnered 35% of the global revenue share in 2017.

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Having recognized the robust growth potential, it goes without saying that the electronic ceramics market will open up a slew of investment opportunities in the ensuing years on global scale. Beyond the core industry participants, lot of tech-giants are also tapping into the massive potential of the electronic ceramics industry. Apple for instance, had created all the buzz with its all-new ceramic Apple Watch, while speculations are also rife that the Silicon Valley behemoth will be launching its iPhones incorporated with ceramic materials.

Some of the key players of electronic ceramics market are APC International Ltd., Morgan Advanced Materials, Kyocera Corporation, CeramTech Holdings Gmbh, Central Electronics Limited, Maruwa Co.Ltd., Sensor Technology Ltd., PI Ceramics, Murata Manufacturing Co.Ltd., Sparkler Ceramics Pvt. Ltd, and Vinayak Techno Ceramics.

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