Ceramics are essentially used for mechanical, chemical, and thermal stability. Its unique electrical, optical, and magnetic properties have been increasingly used in many key technologies, including energy conversion, communications and storage, automation, and electronics. Whereas, some of the electronics and electrical industries will not exist without ceramics. Ceramics consist of a wide range of electronics and electrical properties, including semi-conducting, superconducting, magnetic, piezoelectric, and insulating. It has strong airtight sealing, superior dielectric properties, high thermal shock resistance, and high insulation resistance, which has better electrical insulators. It makes products consistent for various applications which depict large impact on the society.
The electronics and electrical ceramics market has been segmented into material, product, end-user, and region. Based on material, the market is segmented into alumina, silica, titanate, and zirconia. Alumina ceramics cost effective and used in a wide range of applications. Thus, it holds the largest market share, followed by titanate, silica, and zirconia. Based on applications, the market has been segmented into cell phones, computers, television, automobiles, boat engines, lawnmowers, and other consumer electronic products.
Based on end-user, the market has been segmented into medical devices, home appliances, and power grids. The home appliances end-use industry accounts for the largest market share followed by power grids and medical devices. The medical devices industry is estimated to grow over the forecast period. Based on region, the market has been segmented into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.
Advanced technologies and increasing demand for electronics products are expected to drive the electronics and electrical ceramics market. Electronics products such as mobile phone antennas may not be possible without special ceramics. Currently, mobile phone antenna is used in GPS applications where it saves space in handheld and portable equipment. The antennas are additionally used in collective applications such as GPS and bluetooth without impacting its performance. Demand for electronics and electrical ceramic products is anticipated to increase with the rising income and improving living standards, further driving the global market.
Health-related concern from using mobile phones is a major issue, which restraints the usage of electronics and electrical ceramics. International safety regulations defined in terms of specific absorption rate (SAR) encourage optimization of radiated power from mobile phones. Antenna in mobile phone is designed to reduce the current losses that can cause harm to user’s skin. Specific ceramic application enables the manufacturer of mobile phone antennas to reduce hurtful radiations discharged by other systems.
Asia Pacific is one of the key leaders in the consumption of electronics and electrical ceramics globally. China is the key market in the Asia Pacific region for advanced ceramics consumption. It is followed by Japan and India with gradual growth in consumption of ceramics. Rise in the advanced ceramics consumption of monolithic ceramics and ceramic matrix composites coatings in Asia Pacific is due to the growing industrial sector and continued development.
Monolithic ceramic is one of the key products of the advanced ceramics market. It is extensively used in various end-user industries such as medical & bio-medical, electrical & electronics, transportation, environmental, chemical, defense & security, industrial machinery, and others.
In North American, U.S. is one of the leading markets for electronics and electrical ceramics. Presence of major manufacturers of this market primarily in the U.S. and Canada led to the growth of end-user industries such as home appliances and medical devices.
Key players in the global electronics and electrical ceramics market are Ceram Tec GmbH, Kyocera Corporation, Morgan Advanced Materials plc, McDanel Advanced Ceramic Technologies, Ceradyne, Inc. (3M Company), Rauschert Steinbach GmbH, Murata Manufacturing Co., Ltd., Mantec Technical Ceramics Ltd., NGK Spark Plug Co., Ltd., and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.