Market Research Report
Ceramic Substrates - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||614617|
|Published||Content info||192 Pages
Delivery time: 1-2 business days
|Ceramic Substrates - Global Market Outlook (2017-2026)|
|Published: February 1, 2018||Content info: 192 Pages||
According to Stratistics MRC, the Global Ceramic Substrates Market is accounted for $6.14 billion in 2017 and is expected to reach $11.57 billion by 2026 growing at a CAGR of 7.2% during the forecast period. The rising demand for ceramic substrates from several end user industries is a key driving factor for the market. Furthermore, rising adoption of ceramic substrates as an alternative to alloys and metals, miniaturization of electronic devices, rising demand for compact microelectronics packaging solutions such as high temperature co-fired ceramic (HTCC) & low temperature co-fired ceramic (LTCC), and advancements in ceramic substrates are some of the factors boosting the market growth. However, high price of ceramic substrates is expected to hamper the market growth. The growth of the automotive and consumer electronic industries in emerging economies of Asia Pacific is expected to fuel demand over the next nine years.
Ceramic substrate is an electronic sheet material, made by tape casting or hot pressing technology for thick electronic film and board which use electronic ceramic as substrate, the membrane and the outer circuit elements apt to form a support base member. Continues advancements in ceramic substrates have augmented their superior properties such as high wear resistance, high corrosion resistance, longer life, electrical conductivity, and excellent thermal management.
By product type, alumina substrates segment dominated the global market with largest share owing to its powerful physical, thermal and electrical properties. Increasing use of alumina substrates in end-use industries such as automotive and electrical & electronics on account of superior weathering and corrosion resistance properties is expected to fuel industry growth over the next nine years. However, aluminum nitride substrates segment is expected to grow with a high CAGR during the forecast period 2017 to 2026 due to higher mechanical and thermal stability.
In 2017, consumer electronics were the largest application segment. Ceramic substrate offers superior thermal and chemical properties which have led to its use in numerous applications in the electronics industry such as mobile phones, home appliances and other consumer electronics products. Automotive sector is projected to grow at the highest CAGR during the forecast period. Electronic components in automobiles contain a number of ceramic substrate parts, such as valve components, oxygen sensors, electronic substrates and displays, catalytic converters and filters, spark plugs, heat sinks, resistor cores, and more.
The market in Asia Pacific is expected to develop at a significant rate with increasing disposable income of consumers and rising demand for technologically advanced consumer electronics in region's emerging countries such as China, India and South Korea. Factors such as competitive manufacturing costs, high economic growth and rapid development of end-use industries will continue to drive the regional market growth. The growth of the ceramic substrates market in China has grown remarkably and is likely to witness additional growth in the forecast period due to the high supply of raw materials and increasing ceramic substrates manufacturing facilities in this country.
Some of the key players profiled in the report include Advanced Substrate Microtechnology, Asahi Glass Co, Beijing North Asahi Electronic Glass, CeramTec, Chaozhou Three-Circle (Group), CoorsTek, Inc., Ecocera Optoelectronics, ICP Technology, KOA Corporation, Kyocera, Leatec Fine Ceramics, Maruwa, Murata Manufacturing Co., Ltd., Nikko Company, Nippon Carbide Industries, Ta-I Technology Co., Toshiba Materials and Yokowo.