Electronic Ceramics Global Market Report 2024

Electronic ceramics are ceramics designed for use in the electronics industry, serving as electrical or magnetic materials that generate an electric charge when subjected to pressure or an electric field. These materials are specifically engineered for applications requiring unique properties not naturally found and are processed under stringent conditions.

The primary types of electronic ceramics include monolithic ceramics, ceramic matrix composites, and ceramic coatings. Monolithic electronic ceramics are characterized by features like fabrication and polycrystalline microstructure, enhancing the material's lifespan and reliability. These ceramics find application in various industries such as electronics, automotive, medical, and aerospace & defense. They are used in the manufacturing of diverse components, including capacitors, data storage devices, optoelectronic devices, actuators & sensors, and power distribution devices.

The electronic ceramic market research report is one of a series of new reports that provides electronic ceramic market statistics, including electronic ceramic industry global market size, regional shares, competitors with an electronic ceramic market share, detailed electronic ceramic market segments, market trends and opportunities, and any further data you may need to thrive in the electronic ceramic industry. This electronic ceramic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electronic ceramics market size has grown strongly in recent years. It will grow from $11.43 billion in 2023 to $12.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed in the historical period can be attributed to several factors, including the growth in consumer electronics, the expansion of telecommunications, increased utilization of electronics in the automotive sector, and the application of electronic ceramics in medical devices. These elements collectively contributed to the overall growth observed during that timeframe.

The electronic ceramics market size is expected to see strong growth in the next few years. It will grow to $15.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to the deployment of 5G technology, integration of IoT (Internet of Things) and sensors, expansion of the electric vehicle (EV) market, advancements in materials for 5G applications, and the emergence of new memory technologies. Noteworthy trends expected in this period include ongoing technological advancements, developments in IoT sensor technologies, the adoption of emerging memory technologies, the use of bioceramics in medical devices, and the exploration of quantum computing. These trends are poised to significantly impact and contribute to the projected growth and evolution of electronic ceramics in the forecasted period.

The surge in the automotive sector is anticipated to drive the electronic ceramic market forward. As a pivotal economic driver, the automotive sector has a substantial role in global value chains. Government support has significantly fueled the expansion of this sector, leading to the creation of a distinct route among manufacturing industries. This growth has resulted in increased production of auto components and electrical ceramics utilized in vehicles. An analysis of the Indian auto components industry in February 2022 revealed a 25% increase in the market, from USD 4.1 billion (Rs. 31,116 crores) in 2020-21 to USD 5.3 billion (Rs. 38,895 crores) in the first half of 2021-22. Consequently, the rising demand for auto components is poised to propel the automotive sector, driving an increased need for electronic ceramics.

The expanding electronics industry is expected to be a key driver of growth in the electronics ceramics market. Spanning a diverse range of enterprises and activities, the electronics industry encompasses the research, development, design, production, and distribution of electronic components, devices, and systems. Electronic ceramics, versatile materials crucial to the functionality and reliability of electronic devices, are utilized in various applications, from consumer electronics to industrial and aerospace equipment. In the third quarter of 2022, Lenovo, a major PC manufacturer, outpaced competitors with approximately 17 million laptop shipments, surpassing HP, Dell, and Apple. This underscores the significant role of electronic ceramics in meeting the demands of the expanding electronics industry.

Technological innovation emerges as a prominent trend in the electronic ceramics market, with major companies prioritizing the development of technologically advanced products to meet the rapidly growing industry demand and enhance their market positions. These companies are incorporating next-generation electronic ceramics technologies, including piezoelectric material, circuit carriers, actuators, sensors, and fiber optics, to provide mechanical, thermal, and chemical stability to electronic equipment. For instance, in March 2023, Kyocera Corporation, a Japan-based ceramics and electronics manufacturer, launched cutting-edge high-speed ceramic optoelectronic device substrates and packaging at OFC. These innovations include high-speed ceramic packages enabling a 200g baud rate, high-mechanical-reliability ceramics for co-packaged optics, high-speed TO can packages, and other fiber-optic products, showcasing the industry's commitment to technological advancement.

Prominent companies in the electronics ceramics market are strategically focusing on expanding their product lines, exemplified by the introduction of new brands, to better cater to the needs of their existing consumers. The launch of a new brand is a comprehensive process involving the presentation of a new company, product, or service to the market. This process includes the development of a communication plan to convey the brand's narrative, value, and services to potential customers. In September 2022, DuPont de Nemours, Inc., a U.S.-based manufacturing company specializing in electronic ceramics and chemicals, unveiled its new brand, Micromax. This brand encompasses products previously marketed under the Microcircuit and Component Materials label. Micromax products find applications in diverse electronic fields, including automobile passive parts, 5G communications, medical devices, and consumer goods. Micromax aims to establish itself as a market leader in electronic thick film inks, pastes, and ceramic tapes. Importantly, the introduction of the Micromax brand does not alter DuPont's product quality, customer service excellence, or extensive industry knowledge.

In October 2022, Du-Co Ceramics Company, another U.S.-based electronics ceramics firm, executed the acquisition of Mitronics Products for an undisclosed amount. This strategic move expands Du-Co Ceramics' capability to serve its clients by incorporating Mitronics Products' product lines into the components it already produces and globally distributes. Mitronics Products, a long-standing customer of Du-Co Ceramics, is a U.S.-based manufacturer specializing in ceramic-to-metal assemblies and electric ceramic insulators. The acquisition not only strengthens the relationship between the two companies but also enhances Du-Co Ceramics' offerings, positioning it as a more comprehensive solution provider in the electronics ceramics market.

Major companies operating in the electronic ceramics market include Maruwa Co. Ltd., Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials PLC, Murata Manufacturing Co. Ltd., CoorsTek Inc., Compagnie de Saint-Gobain SA, NGK Insulators Ltd., Nippon Carbide Industries Co. Inc., Noritake Co. Ltd., Aum Techno Ceramics, Advalue Technology LLC, Heraeus Holding GmbH, Ibiden Co. Ltd., KCM Corporation Co. Ltd., Kyocera Corporation, Tayca Corporation, Samsung Electro-Mechanics Co. Ltd., TDK Electronics AG, Ceradyne Inc., Niterra Co. Ltd., Rauschert Steinbach GmbH, Enrg Inc., Mantec Technical Ceramics Ltd., Corning Inc., Ferro Corporation, Taiyo Yuden Co. Ltd., KEMET Corporation, Yageo Corporation, Walsin Technology Corp, Chaozhou Three-Circle Co. Ltd.

Asia-Pacific was the largest region in the electronic ceramics market in 2023 and is expected to be the fastest-growing region in the electronic ceramics market during the forecast period. The regions covered in the electronic ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electronic ceramics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The electronic ceramics market consists of sales of substrates, integrated circuit (IC) packages and multichip modules, capacitors, ferrites, insulators, piezoelectrics, and superconductors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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