The ceramic substrates market is experiencing substantial growth due to the rising demand for ceramic substrates from the diverse end user industries it caters to. The continuous advancements in recent years have considerably improved the properties of ceramic substrates. Owing to the high demand for ceramic substrates in the military and telecom sectors, the global ceramic substrates market was valued at $6,214 million in 2018. The market is estimated to grow at a notable compound annual growth rate of 5.80% during the forecast period 2019–2025.
APAC is the most prominent region for the ceramic substrates market. With China being the hub for manufacturing consumer products, there is a noticeable increase in demand for ceramic substrates products, particularly from the electronics and construction industries. The APAC ceramic substrates market held 45% of the global revenue share in 2018.
Ceramic substrates are materials that consist of metal, non-metal, metalloid atoms, and inorganic compounds, and are generally categorized into crystalline ceramic substrates and noncrystalline ceramics. Ceramic substrates are known for their high thermal conductivity, electrical insulation, resistance, and stability in high temperature. Hence, these are used in several microelectronics applications including thin film ceramic substrates.
The automotive application segment is one of the leading revenue generators. The components used in automobiles such as electronic substrates and displays; converters and filters; heat sinks and resistors cores; and valve components contain several ceramic parts. The excellent mechanical strength and durability of ceramic substrates make it a suitable product for automotive and other end-user industry. Growth of the automotive sector indicates the growing demand for ceramic products. The automotive segment of the ceramic substrates market is projected to grow at a CAGR of 7.20% through 2025.
· Aluminum nitride finds vast applications in power and microelectronic applications such as heat sinks, IC packages, electronic packages, IC packages, and microwave device packages. The increasing demand for microelectronics packaging is driving the ceramic substrates market.
· Growing consumer inclination towards use of coated machinery components and advanced coatings are expected to open up several growth opportunities for the global ceramics substrates market.
Prompt innovations in the technological field to increase the usage of ceramics for pollution control purposes, wind turbines, and nanotechnologies will open up new revenue streams for the players.
· Aluminum oxide is one of the key material segments, and is used in dental and surgical implants such as orthopedic implants.
· The innovation of cellular ceramic substrate for automotive emission control is gaining huge traction in the automotive industry, particularly for pressure sensor applications.
· Increasing demand for MEMS applications and associated devices: para electronic ceramic substrates have relatively higher dielectric constants, and ceramic substrates play a crucial role in the generation of MEMS devices.
One of the challenges for the ceramic substitutes market is the easy availability of substitutes for ceramic inks. The alternatives to ceramic inks include ultraviolet (UV) curing inks, organic inks, and electron beam inks.
Some of the major players in the ceramic substrates market are Yocera, Murata Manufacturing, CoorsTek, Ceram Tec, Maruwa, Tong Hsing Electronic Industries, LEATEC Fine Ceramics, Nikko Company, KOA Corporation, and Yokowo.
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the ceramic substrates Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of ceramic substrates, and the products that include alumina substrates, aluminum nitride substrates, beryllium oxide substrates, and silicon nitride substrates.
The report analyses the product demands by the ceramic substrates market on the basis of end user industry, which includes automotive, telecom, consumer electronics, and military & avionics. The Ceramic Substrates market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Is the market demand for Ceramic Substrates growing? How long will it continue to grow and at what rate?
Which type of Ceramic Substrates presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the Ceramic Substrates market?