The Europe Electronic Ceramics Market would witness market growth of 6.4% CAGR during the forecast period (2020-2026). The component used in the making of piezoelectric ceramics is metal oxide powder. When mechanical stress is applied to certain materials, it gathers an electric charge which is called the Piezoelectricity effect. The electroceramics transmit piezoelectric effects on many end-use applications that are used in the making of actuators and sensors. Moreover, it is used in seismic sensors, inertial navigation of airplanes, vibration testing & monitoring of sensors, shock pulse monitoring of bearings, engine knock sensors, etc.
The electronic ceramics market indicated the potential for high growth, based on the fact that electronic ceramics are an integral part of modern electronic systems. Modern technologies like self-driving cars, IoT, smart cities, 5G network and augmented reality (AR) are a few of the major users of electroceramics-based components.
With the increasing demand for these technologies, the demand for new electronic ceramics will also see significant growth. For example, the infrastructure requirement of 5G is distinct from 4G because there is a difference in the operating frequencies of both the network, therefore, new infrastructure will replace the old ones. Electroceramics based solid-state batteries have been developed. These batteries have huge potential in the electric vehicle market because of their high current density and leakage proof technology. A solid-state battery does not contain a liquid electrolyte which eliminates the risk of explosion and leakage.
Based on Material, the market is segmented into Alumina, Silica, Zirconia and Others. Based on Application, the market is segmented into Capacitors, Actuators & Sensors, Power Distribution Devices, Data Storage Devices, Optoelectronic Devices, and Others. Based on End User, the market is segmented into Electronics, Aerospace & Defense, Automobile, Medical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Electronic Ceramics Market in Europe is expected to register a CAGR of 6.4% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kyocera Corporation, CoorsTek, Inc., CeramTec GmbH (BC Partners), Morgan Advanced Materials PLC, 3M Company, Murata Manufacturing Co., Ltd., NGK Spark Plug Co., Ltd., Rauschert Steinbach GmbH, Mantec Technical Ceramics Limited and Sparkler Ceramics Pvt. Ltd.
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