February 20, 2024 08:01 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 20, 2024 (GLOBE NEWSWIRE) -- The "Ceramic Substrates Market by Product Type (Alumina, Aluminum Nitride, Silicon Nitride, Beryllium Oxide), End-use Industry (Consumer Electronics, Automotive, Telecom, Industrial, Military & Avionics), and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. Silicon Carbide Sphere
The ceramic substrates market size is estimated to be USD 7.6 billion in 2023 to USD 10.3 billion by 2028, at a CAGR of 6.2% between 2023 and 2028
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the ceramic substrates market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The ceramic substrate market is poised for growth due to the rising demand for advanced architectural solutions and the drive for miniaturization in electronic devices, coupled with a preference for ceramic substrates over traditional metal alternatives. Nevertheless, a significant challenge for the market lies in the volatility of raw material prices.
On a positive note, opportunities abound in the form of increasing demand for nanotechnology and high-performance computing systems. These factors offer prospects for market expansion and innovation within the industry. The European ceramic substrate market presents a mature landscape, primarily attributable to the gradual relocation of manufacturing activities to regions characterized by higher demand and lower production costs.
Furthermore, the financial crisis had a profound and lasting impact on European manufacturing industries, which are still in the process of recovery. This has led to a relatively stagnant demand for ceramic substrates within the region. Market participants are actively focusing on boosting the production of oxide ceramics in Europe, driving growth in the ceramic substrates market. It's worth noting that the prices of ceramic substrates in Europe are notably higher than in North America.
This price differential is primarily a result of the lower production of ceramic fibers within Europe and the imposition of higher import duties in the region. In addition to these dynamics, the mature European ceramic substrate market underscores the importance of innovation and diversification for industry players, aiming to tap into new opportunities and revitalize growth. Furthermore, it accentuates the significance of supply chain strategies to mitigate costs and challenges associated with production and trade within the region and across borders.
The key market players profiled in the report include KYOCERA Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), CoorsTek Inc. (US), CeramTec GmbH (Germany), MARUWA Co., Ltd. (Japan), KOA Corporation (Japan), Yokowo Co., Ltd. (Japan), TONG HSING ELECTRONIC Industries,LTD. (Taiwan), LEATEC Fine Ceramics Co,.Ltd. (Taiwan), and NIKKO COMPANY (Japan).
Alumina Substrates is projected to be the largest product type in the forecasted period.
Alumina, a highly versatile advanced oxide ceramic material, finds extensive utility across a diverse spectrum of applications. The production of components for alumina substrates employs various manufacturing techniques, including uniaxial (die) pressing, isostatic pressing, injection molding, extrusion, and slip casting.
Alumina stands out for its exceptional attributes, featuring remarkable strength, hardness, resistance to wear and corrosion, and stability in the face of elevated temperatures. These characteristics position alumina substrates as ideal insulating materials for applications within the realm of electrical and electronics engineering. Notably, alumina substrates are widely adopted in both thick and thin film applications due to their cost-effectiveness relative to alternative ceramic substrate options. This makes them a preferred choice in various industries seeking reliable solutions for electronic components and insulating materials.
The consumer electronics industry is estimated to account for the largest share, in terms of volume and value, of the overall ceramic substrate market between 2023 and 2028.
The consumer electronics sector encompasses a wide range of electronic devices designed for daily use, primarily within entertainment and communication equipment. Within this sector, ceramic systems play a vital role in various packaging applications. Ceramic substrates have emerged as a versatile and cost-effective thick film technology for consumer electronics products.
Printed thick film ceramic substrates are employed in applications such as circuitry games, membrane touch switches, digital products, lighting, and signage. Furthermore, multilayer LTCC ceramic substrates find extensive utilization in digital cameras, contributing to the reduction of printed wiring board size and associated costs. One of the standout capabilities of ceramic substrates is their ability to support miniaturization, making them a suitable choice for compact packaging requirements, including in hearing aids and earphones.
As the consumer electronics industry gears towards high-volume manufacturing for mobile products like smartphones, tablets, laptops, desktop PCs, set-top boxes, portable game consoles, video cameras, speakers, and earphones, the ceramic substrates market is set to experience a significant impact. This underscores the critical role of ceramic substrates in enabling compact, high-performance designs in the consumer electronics landscape.
For more information about this report visit https://www.researchandmarkets.com/r/hifzwl
Abrasion Resistant Tile About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.