Denver News Updates

The consumer electronics end-use industry segment accounted for the largest share of the ceramic substrates market

 Breaking News
  • No posts were found

The consumer electronics end-use industry segment accounted for the largest share of the ceramic substrates market

February 18
20:36 2020
The consumer electronics end-use industry segment accounted for the largest share of the ceramic substrates market

Browse 111 market data Tables and 31 Figures spread through 138 Pages and in-depth TOC on “Ceramic Substrates Market”
Ceramic Substrates Market by Product Type (Alumina, Aluminum Nitride, Silicon Nitride, Beryllium oxide), End-use Industry (Consumer Electronics, Automotive, Telecom, Industrial, Military & Avionics), and Region

The ceramic substrates market is projected to grow from an estimated USD 6.35 billion in 2017 to USD 8.68 billion by 2022, at a CAGR of 6.44% during the forecast period. On the basis of product type, the ceramic substrates market has been segmented into alumina, aluminum nitride, beryllium oxide, silicon nitride, and others (which include zirconia and silicon carbide). The alumina substrates segment accounted for the largest share of the ceramic substrates market in 2016, in terms of value. The aluminum nitride segment is projected to grow at the highest CAGR between 2017 and 2022, owing to its excellent thermal and mechanical properties as compared to other substrates.

Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=6683833

Based on end-use industry, the consumer electronics segment is projected to lead the ceramic substrates market during the forecast period. Ceramic substrates are widely used in electronic & electrical applications, such as home appliances, cellular phones, and medical devices. Ceramic substrates are preferred over metals in various appliances, such as TV, fridge, microwave, and electronic heater owing to their corrosion resistance and durability. Electronics is one of the largest industries in Asia Pacific and is witnessing a prominent growth rate, thereby driving the ceramic substrates market in this region. The growing demand for ceramic substrates from the automotive industry is also expected to influence the demand for ceramic substrates between 2017 and 2022.

Based on region, Asia Pacific is projected to lead the market till 2022. The high demand for ceramic substrates in this region can be attributed to the increase in demand from the growing number of end-use industries. In the Asia Pacific region, India is projected to be the market with the highest CAGR during the forecast period. Increasing demand from developing economies, such as China, India, and South Korea, is also expected to drive the Asia Pacific ceramic substrates market.

Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6683833

Key players operating in the ceramic substrates market include Kyocera (Japan), Murata Manufacturing (Japan), MARUWA (Japan), CoorsTek (US), CeramTec (Germany), Tong Hsing (Taiwan), LEATEC Fine Ceramics (Taiwan), Nikko Company (Japan), KOA Corporation (Japan), and Yokowo (Japan). 

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: India
Website: https://www.marketsandmarkets.com/Market-Reports/ceramic-substrate-market-6683833.html