Ceramic Substrates Market

Ceramic Substrates Market Insights

The global ceramic substrates’ market is expected to grow at a significant CAGR over the forecast period due to its properties such as corrosion resistance, high temperature stability, low thermal expansion and light weightiness among others. Rising application of ceramic substrates in automotive, telecom, consumer electronics and industrial segment is also likely to boost the market growth over the coming years.

However, the high price of ceramic substrate products is likely to hinder the market growth over the years. Moreover, problems associated with recyclability and reparability of the product is also projected to affect the profitability of the market.

Ceramic Substrates Market: Product Type Insights

On the basis of product type, the industry is segmented into alumina, aluminium nitride, silicon nitride and beryllium oxide among others. The market for alumina is expected to occupy the highest share owing to factors such as low cost, high thermal conductivity, superior mechanical strength and flatness with less porosity.

Ceramic Substrates Market: Application Insights

Ceramic Substrates Market finds its application in consumer electronics, automotive, telecom, industrial and military & avionics among others. The automotive segment is anticipated to dominate the market over the forecast period owing to inherent properties of ceramic substrates such as high thermal conductivity, good corrosion resistance and resistance against plastic deformation which makes it a better option than other metals and alloys for automotive manufacturers. Ceramic substrates are used in the production of safety glass windshields, catalytic converters, spark plugs ceramic filters, ceramic rotors, airbag sensors, oxygen sensors, pressure sensors, vibration sensors, thermistors, piston rings and valves.

The consumer electronics segment is anticipated to occupy the highest share over the years due to the rising application of the product in radio and television components, microphones and fiber optic/laser communications.

The aerospace sector is also likely to grow at a healthy rate due to increased use of ceramic substrates in producing high temperature glass windows, space shuttle tiles, fuel cells, high temperature glass windows and thermal barriers.

Ceramic Substrates Market: Regional Insights

Asia Pacific occupied the largest share of this market since the past few years. This can be attributed to the increasing demand for product by consumer electronics sector in this region. Demand is expected to rise from countries such as China, India, South Korea and Japan. China is projected to grow at a significant rate owing to growing production facilities of ceramic substrates in the country.

Ceramic Substrates Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase ceramic substrates over the coming years. Some leading consumers of this market are Toyota, General Motors, Fiat Chrysler Automobiles, Toshiba, Samsung Electronics, Boeing Co. and Lockheed Martin Corporation.

Ceramic Substrates Market: Market Share & Competitor Analysis

The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Kyocera (Japan), CoorsTek (The U.S.), KOA Corporation (Japan), LEATEC Fine Ceramics (Taiwan), CeramTec (Germany), Murata Manufacturing (Japan) and Tong Hsing Electronic Industries (Taiwan).

Please note: This is not an exhaustive list of companies profiled in the report.

In December 2017, Cree Inc. a worldwide manufacturer and marketer of lighting-class LEDs, announced their new product, the XLamp XD16 packaged LEDs.

In September 2017, CoorsTek the key manufacturer of ceramics in the U.S. signed a deal with Teledyne e2v.