Electronic Ceramics Market growth
Electronic ceramics market to witness appreciable returns from the aerospace & telecommunication sectors over 2018-2025
Electronic ceramics market, a highly compelling vertical of the overall advanced material cosmos, has been characterized with plethora of technology advancement trends in the recent years. Given the pivotal role that electroceramics play in various applications including sensors, lighting, and antenna components, this market is poised to garner exceptional proceeds with the rapid growth in the automotive & transportation, aerospace, healthcare, and consumer electronics sectors. As per estimates, in India alone, the total investment in electronics manufacturing hit USD 20 billion in 2017, while new investments are projected to reach an extraordinary valuation of over USD 400 billion by 2020. Powered by rapid industrialization trends and with the growing usage of advanced electronic components in aircrafts and automotive, the electronic ceramics market has depicted a commendable upsurge, having pegged USD 10 billion in 2017.
Electroceramic materials find immense demand from the aerospace sector, owing to their properties such as light weight, insulation, and temperature stabilization. The use of electroceramic materials in this vertical dates as far back as the 1990s, where the design team of Concorde, the world’s only supersonic airliner at the time, used a machinable glass ceramic in the engine control and management systems. Since then aerospace, underpinned by the advanced ceramics, has remained an attractive growth avenue for the overall electronic ceramics industry players. In line with the ever-rising passengers and cargo, the demands that are placed by the aerospace industry are only set to increase. According to the estimates provided by Boeing in 2016, the rapid increase in airline travel will require nearly 40 thousand new airplanes in the coming 20 years. As such, the use of electronic ceramics will become pivotal, and the technology will thrive to take the center stage, in turn impelling the global electronic ceramic industry share.
Pertaining to the greater requirement of advanced materials in most of the verticals, numerous companies have been investing in the electronic ceramics market on a considerably humongous scale, in order to offer innovative experience to customers. Kyocera, for instance, has recently developed a tiny ceramic UHF RFID tag for the aerospace industry that can to attached to metal tools for identification & tracking of different aircraft components.
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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.
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.
With electroceramic materials further depicting huge potential in additive manufacturing technologies, the commercialization matrix of this business sphere is bound to experience a massive turnaround. A presumption validating the same is of Global Market Insights, Inc., that claims the global electronic ceramics market to exceed a valuation of USD 15 billion by 2025.
Author Name :Ojaswita Kutepatil