Transparent Ceramics Market to offer a healthy CAGR of 21.5% during 2020-25
February 17, 2020
Transparent Ceramics Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Transparent Ceramics Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Transparent Ceramics Market Segment Insights:
Type: monocrystalline transparent ceramics, polycrystalline transparent ceramics and others
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.
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Material Type: sapphire, yttrium aluminum garnet and others
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.
End-Use Industry Type: optics & optoelectronics, aerospace & defense and others
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific dominated the transparent ceramics market
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.
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