According to a new report Global Electronic Ceramics Market, published by KBV research, The Global Electronic Ceramics Market size is expected to reach $15.9 Billion by 2026, rising at a market growth of 24.2% CAGR during the forecast period.
The Capacitors market dominated the Global Electronic Ceramics Market by Application in 2019. The escalating telecommunication industry is one of the main factors that help in boosting the electronic ceramics market. These ceramics indicates low dielectric constant and high electrical resistivity, which makes them perfect for their use as an insulator and in making substrates for integrated circuits. The Actuators & Sensors market is estimated to grow at a CAGR of 6.4% during (2020 - 2026).
The Electronics market dominated the Global Electronic Ceramics Market by End User in 2019. The development in the electronics and semiconductor industry and a consistent high-volume request for electronics products boost the global electronic ceramics and electrical ceramics market in the future. The Aerospace & Defense market is exhibiting a CAGR of 6.9% during (2020 - 2026). Additionally, The Automobile market is expected to witness a CAGR of 7.9% during (2020 - 2026). Miniaturization and developments in sensor technologies have ensued in an augmented demand for smart electronics, like smartphones, LED televisions, and smart lighting systems, all across the globe.
Asia-Pacific gathered the largest market share in 2019 and is expected to register a higher CAGR. This is because of the high consumer presence in countries like China, India, Japan, and Taiwan, along with that, there is a well-established electronic base present in these countries. The increasing demand for electronic ceramics in this region is because of the increasing use of home appliances and medical devices industries.
Structural Insights: https://www.kbvresearch.com/electronic-ceramics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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