Global Electronic Ceramics Market to expand at a CAGR of 5.4% by 2030

Introduction

Electronic ceramics, often known as electroceramics, constitute a subclass of advanced ceramic materials. Electroceramics are accessible in numerous forms, including dielectrics, piezoelectric, semiconductors, and superconductors. Due to their unique electrical, optical, and electro-magnetic capabilities, they are ideal for use in numerous specialized electronic applications, including consumer electronics, transportation, power engineering, medicine and healthcare, and communication. Titanate, zirconia, alumina, silica, and niobates are some of the essential components of electronic ceramics. Capacitors, transducers, sensing components, timing devices, radio-frequency identification tags (RFIDs), microelectromechanical systems (MEMS), noise suppression filters, ferroelectric RAM (FRAM), and LEDs are manufactured using electronic ceramics. Every electrical gadget or system contains electronic ceramic components. A typical smartphone comprises approximately 700 electronic ceramic components.

The increase in the global market for electronic ceramics is driven by the growth of the semiconductor and electronics industries. Due to the rising availability of low-segment devices and the decreasing cost of internet connectivity, it is anticipated that the global smartphone market will rise rapidly throughout the projection period. In addition, future technologies such as the Internet of Things (IoT) and 5G connections require the development of new infrastructure electroceramics. Due to its nonvolatile and low-power consumption advantages over conventional memory storage devices, FRAMs are predicted to be in high demand during the forecast period. Electroceramics play a crucial role in the electrical and semiconductor sectors. Introducing electric vehicles has opened up a new field of application for electroceramics, which are currently utilized in various sensors and power electronics.

Market Dynamics

The Huge Demand for Electro Ceramics from End-users Plus the Advent of latest Technologies to Drive the Global Electronic Ceramics Market 

Power electronics are utilized in virtually all current systems due to their high efficiency and operational versatility. Increasing global electricity consumption is pushing the construction of new power plants and necessitating the expansion of transmission and distribution networks. Moreover, power electronics have multiple uses in electric motors, converters for wind turbines and solar farms, propulsion systems for rail, shipping, heavy equipment, semiconductor elements, and solar inverters. In addition, materials derived from ceramics are used in controllers, computers, automation, and new technologies and equipment. The industries of consumer electronics, automotive, telecommunications, and energy primarily rely on capacitors, sensors, and actuators. Electroceramic components, such as capacitors and sensors, are utilized in flexible electronics.

FRAMs are projected to be in high demand during the forecast period due to their nonvolatility and low power consumption compared to conventional memory storage devices. FRAM-based microcontrollers are applied for data logging and energy harvesting. In addition, FRAM-based microcontrollers are used for any application that uses microcontrollers with a different nonvolatile memory technology, such as Flash or EEPROM. Moreover, the increase in smartphone sales is a significant driver boosting the global market for electronic ceramics.

The growth of wireless technology across various industry verticals and the adoption of 5G technologies drive wireless solution manufacturers toward more significant reduction and integration. Implementing multi-carrier 4G technologies leveraging more than 65 3GPP frequency bands is forcing manufacturers of wireless solutions to improve performance and reduce device size, specifically for these devices' RFFE (Radio Frequency Front-End). 5G infrastructure differs from 4G infrastructure due to the shift in operating frequencies. Consequently, novel components based on electroceramics are being developed. Antennas, microwave circuits, sensors, noise suppression filters, and circuit board substrates made from advanced ceramic materials are utilized for 5G technology. Therefore, expanding the market for electronic ceramics.

The Development of Ceramic Solid-State Battery Technology to Create Global Electronic Ceramics Market Opportunities

The solid-state battery's electrolyte is comprised of garnet. The battery's current density is ten milliamperes per centimeter square and has no dendrite growth. The battery architecture resembles two sponges on either end of a thin ceramic separator, all of which are manufactured from affordable components. These batteries offer a tremendous market potential for electric vehicles (EVs). Additionally, the battery pack lacks a cooling system, reducing its complexity. Solid-state ceramic battery technology possesses all the benefits of multilayer ceramic capacitors (MLCC). The absence of liquid electrolytes in ceramic solid-state batteries avoids the possibility of leakage or ignition. One rechargeable solid-state ceramic battery can power the RTC for one to four weeks before recharging. Therefore, technological progress is anticipated to raise the demand for MLCCs during the forecast period.

Regional Insights

The Asia Pacific will command the market with the largest share while growing at a CAGR of 6.4%. This region is distinguished by its high population density and its growing economies. Chinese business Huawei has submitted the majority of patent applications connected to 5G. Three state-backed operators, China Mobile, China Telecom, and China Unicom, launched 5G services in 2019 in key Chinese cities. In addition, Tesla plans to construct a design center in China that will concentrate on creating innovative EV concepts. Both projects are essential investments in Asia since they will assist the firm in expanding its global influence. It now has the largest network of electric vehicle (EV) charging stations, with 1.2 million charge points, and this number is increasing annually. Because most of the population works from home due to the epidemic, businesses require access to high-speed internet to function effectively. As more consumers opt for 5G networks, 5G infrastructure based on electronic ceramics becomes necessary.

North America will have a share of USD 3,071 million, growing at a CAGR of 5.2%. The region's country, the United States, is one of the most important markets for electronics and semiconductors, accounting for the vast majority of market revenue. Moreover, the United States has a higher rate of smartphone owners than most other nations. Most Americans are mobile phone owners over a broad spectrum of demographic categories. In addition to mobile phones, Americans own various other information devices, such as desktop or laptop computers and a range of consumer goods. Certain cities in the United States have already deployed the 5G network, and the network's coverage area is continuously expanding. Due to these considerations, there has been an increase in the usage of electronic ceramics, which has contributed to the expansion of the market in this region.

Key Highlights

• The global electronic ceramics market had a revenue share of USD 12,200 million in 2021, envisioned to reach USD 18,582 million growing at a CAGR of 5.4% during the forecast period.
• Based on material, the alumina segment is projected to advance at a CAGR of 5.9% and hold the largest market share.
• Based on application, the capacitors segment is projected to advance at a CAGR of 4.5% and hold the largest market share.
• Based on end-user, the aerospace & defense segment is projected to advance at a CAGR of 6.4% and hold the largest market share.
• Based on regional analysis, the Asia Pacific will command the market with the largest share while growing at a CAGR of 6.4%.

Competitive Players

Competitive Players in the Market

• American Elements
• Compagnie de Saint-Gobain S.A.
• CoorsTek Inc.
• Ferro Corporation
• Hoganas AB
• Ishihara Sangyo Kaisha Ltd.
• L3Harris Technologies Inc.
• Merck KgA
• Noritake Co. Ltd.
• Physik Instrumente GmbH & Co. KG.
• Sensor Technology Ltd.
• Venator Materials Plc.

Recent Developments

Market News

• In 2022, Compagnie de Saint-Gobain SA announced the development of the first net-zero carbon plasterboard plant in North America. 
• In 2022, CoorsTek Inc. announced that in conjunction with international research partners, developers from CoorsTek Membrane Sciences have successfully leveraged ceramic membrane technology to create a scalable hydrogen generator that produces hydrogen from electricity and fuels with near-zero energy loss.

Segmentation

Market Segmentation

By material

• Alumina
• Zirconia
• Silica
• Others

By application

• Capacitors
• Data Storage Devices
• Optoelectronic Devices
• Actuators & Sensors
• Power Distribution Devices
• Others

By end-user

• Electronics
• Automobile
• Medical
• Aerospace & Defense
• Others 

By region

• North America 
• Europe
• Asia Pacific 
• LAMEA