Rise in demand for advanced materials in the field of electronics, automotive, aerospace, and specialty materials has boosted the development of various functional materials that exhibit special electric charge generation properties, which can be used in specific applications with high efficiency and cost effectiveness. Ferroelectric materials is also classified as one of the types of functional materials that possesses special electrical properties when subjected to external electric field. Ferroelectric materials display the phenomenon of electric polarization in the absence of an external applied electric field. The direction of the polarization in ferroelectric materials can also be reversed by the help of externally applied electric field. General characteristic of ferroelectric materials is spontaneous reversible polarization. The phenomenon of spontaneous polarization arises in ferroelectric materials due to the presence of non-Centro symmetric ionic arrangements in its unit cells. This tends to produce a permanent electric dipole moment within the associated unit cell of the material. Adjacent dipoles created in ferroelectric materials tend to orient themselves in the unidirectional pattern to form a ferroelectric domain in the material. The phenomenon of Ferro electricity in functional materials was discovered in 1921. The dielectric properties of ferroelectric materials is largely dependent on the temperature of the materials. The dielectric properties exist in ferroelectric materials within a certain range of temperature. The optimum temperature that decides ferroelectric properties of functional materials is known as the Curie temperature. Dielectric properties cannot exist within a functional material above or below the Curie temperature.

Ferroelectric materials can be applied to many subjects of study such as Piezoelectrics, dielectrics, pyro electrics, ferroelectric memories, ultrasonic applications, and electro-optic materials. Commonly used ferroelectric materials discovered to date include lead zirconate titanate (PZT), lead titanate, (PbTiO3), and lead lanthanum zirconate titanate (PLZT). Most ferroelectric materials are also piezoelectric in nature due to the presence of dielectric properties. The piezoelectric property in ferroelectric material tends to produce electric charge within the material when it is subjected to external mechanical load. The electric charge produced is in proportion to mechanical load subjected on the material. Ferroelectric materials are primarily used in non-volatile memory, capacitors, electro-optic materials for data storage applications, piezoelectrics for actuators and ultrasound imaging, thermistors, light deflectors, oscillators & filters, trans-chargers or trans-polarizers switches, and electronic displays.

The annual global production of electronic appliances and smart devices is estimated to rise rapidly. Thus, the global ferroelectric materials market is anticipated to expand at a fast pace in the near future. Most of the ferroelectric material technologies are less commercialized; intensive research is being carried out across the major regions of the globe. The U.S. and Japan are the leading countries in terms of patent filing and research in the field of ferroelectric materials. These countries have also applied the technology commercially in automotive, aerospace, and electronics segments. The ferroelectric materials market is expected to expand in North America and Asia Pacific, followed by that in Europe, due to the increase in demand for energy-efficient and modern technology in electronics and semiconductor chips. Advanced technological innovation and commercialization of piezoelectric materials in many electronics applications are helping make devices cheaper, smaller, and more customer friendly. This, in turn, is boosting the ferroelectric materials market around the globe.

Major restraints of the ferroelectric materials market are high cost of materials and technology, and lack of awareness. Efforts are being taken to commercialize ferroelectric materials through new technological breakthroughs. The ferroelectric materials market is estimated to expand in developed economies in the near future owing to the extensive R&D programs for commercialization of the technology.

Key players operating in the global ferroelectric materials market include Citizen, Kojundo Chemical, Sparkler Ceramics, PI Ceramic, Techno Alpha, EPSON, Novio MEMS, IBM, and Delphi.

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
  • Europe
  • 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.

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Ferroelectric Materials Market