Transparent Ceramics Market to experience an impressive growth of 21.5% during 2020-2025
January 31, 2020
Transparent ceramics market is likely to witness an impressive CAGR of 21.5% during the forecast period. The extensive application of transparent ceramics in the defense sector in reconnaissance and sensor windows, windows used for laser communication, night vision systems are some of the prime factors that drive the transparent ceramics market globally. Further, transparent ceramics are also used in sensor protection, IR radomes, electromagnetic radomes, and multi-spectral windows, owing to their abrasion resistance and excellent thermal stability.
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Transparent Ceramics Market Segment Insights:
By Type:
Based on the type, the market has been segmented as monocrystalline transparent ceramics, polycrystalline transparent ceramics, and other transparent ceramics. Monocrystalline transparent ceramics are estimated to be the largest as well as fastest growing segment, owing to their wide use in aerospace and optoelectronics, defense & security applications as they possess excellent mechanical strength along with high optical transparency.
By Material Type:
Based on the material type, the market is segmented as sapphire, yttrium aluminum garnet, aluminum oxynitride, spinel, and other materials. The sapphire segment is expected to be the fastest-growing segment during the forecast period. Exceptional capability of sapphire in the areas of application where standard glass and technical ceramics fail to satisfy high demand for transparency, is paving the way towards its mass adoption in the verticals, such as optoelectronics, energy, aerospace, defense and security.
By End-Use Industry Type
Based on the end-use industry type, the market is segmented as optics & optoelectronics, aerospace & defense, mechanical & chemical, sensors & instrumentation, healthcare, consumer goods & electronics, energy, and others. The optics & optoelectronics segment is expected to remain dominant during the forecast period, owing to extensive use of transparent ceramics as they possess outstanding mechanical as well as optical properties.
By Region:
In terms of regions, Asia-Pacific dominated the transparent ceramics market and is also expected to witness the highest growth during the forecast period. Asia-Pacific is the manufacturing hub of electricals and electronics industry, owing to low-labor cost, dependable supply chain, and cheap raw materials. Further, strong economic development in the region is paving the way towards mass adoption of transparent ceramics in a wide array of applications.
Key Players:
Some of the major transparent ceramic suppliers are Murata Manufacturing Co., Ltd., CILAS, CeraNova Corporation, Brightcrystals Technology Inc., CeramTec-ETEC GmbH, CoorsTek, Inc., Konoshima Chemicals Co., Ltd., Surmet Corporation, Schott AG, Advanced Ceramic Manufacturing, LLC, Blasch Precision Ceramics Inc., Ceradyne Inc., Koito Manufacturing Co., Ltd., Kyocera Corporation, Mcdanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials, Rauschert Steinbach GmbH, Saint-Gobain Ceramics & Plastics, Inc., and Shanghai Siccas High Technology Corporation.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- Market segment trend and forecast
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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