Electronic Ceramics Market Size, By Product (Ferroelectric, Piezoelectric, Pyroelectric), By End-user (Home Appliances & Consumer Electronics, Healthcare, Automotive & Transportation, Telecommunication & Power Transmission), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
The electronic ceramics market is likely to witness significant growth through the forthcoming time period due to high product usage across numerous application avenues such as healthcare, automotive & transportation, home appliances, and telecommunications among others.
Ceramic-based products that are utilized as electrical insulators include ceramic arc tubes, hermetic packaging, and spark plugs along with protective parts like tubing and beads for power lines and bare wires. These components are deemed essential across various products like medical devices, televisions, automotive electronics, digital switches, computers, smartphones, wireless communication, and computers among many others.
Electronic ceramics market is divided into different segments in terms of products, end-user, and regional landscape.
With respect to products, the electronic ceramics market is classified into pyroelectric ceramics, piezoelectric ceramics, ferroelectric ceramics, and others. The others segment is likely to register a moderate CAGR of around 2% over the forecast time period. The other segment includes mainly magnetic ceramics, fast ion conductor ceramics, electronically conductive ceramics, among others.
Electronically conductive ceramics are generally used as heating elements, electrodes, and resistors. Magnetic ceramic are oxide materials which show a certain kind of permanent magnetization known as ferrimagnetism. Commercially prepared magnetic ceramics are utilized in an assortment of information recording applications, telecommunications, permanent magnet, and transformer.
These types of ceramics are classified into two categories namely superconducting magnets and traditional low conductivity magnets. Here, superconducting magnets are known as a special class of ceramics that can conduct electricity, mainly with no resistance, resulting to no loss of energy. Whereas low conductivity magnets are utilized in applications where the magnet must have some electrical insulating properties, like in transformers.
In terms of end-user, the electronic ceramics market is bifurcated into telecommunication & power transmission, automotive & transportation, healthcare, home appliances & consumer electronics, and others. Among these, the automotive & transportation end-user segment is estimated to grow at more than 3.5% CAGR owing to rising automobile sales in emerging economies and increasing demand for electronic ceramics in engine knock sensors and spark & glow plugs.
Ceramics are used in transportation primarily because of their lightweight nature and the ability to bear high temperatures. They are also highly capable of insulating electrically and thermally, exhibiting exceptional corrosion and wear resistance. Due to the above-mentioned factors these are becoming essential components in transportation industry.
From a regional frame of reference, Latin America region presently holds over 4.5% share in global electronic ceramics market. However, this region has great potential for increasing product demand across various end user industries such as telecommunication & power transmission, healthcare, automotive, home appliances among many others.
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