Sellbyville, DE -- (SBWire) -- 11/16/2018 --Based on revenue, automotive and transportation sector shows a considerable growth in the end-user segment of electronic ceramics market with a CAGR of more than 4% from 2018 to 2025.The product is used in parking sensors, airbag sensors, actuators and in the fuel injectors of the diesel engines as replacement of conventionally used solenoid valve devices. Growing population along with improving standard of living will result in the growth of the automobile sector, thus driving product demand in coming years.
Based on revenue, piezoelectric ceramics will witness a growth rate of about 5% over the forecast time period. The product shows piezoelectric effect which means on the application of mechanical stress it produces electric signals. Various devices such as power transformers, sensors, ultrasound imaging, actuators are made using this effect either directly or conversely.
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Surge in telecommunication sector will be another key causative factor for the electronic ceramics market growth. Electroceramics are easily laser trimmed to be used in antenna chips of mobile phones, automobiles, and various other industrial and consumer electronic products. Large cellular phone consumer base in Asia Pacific has resulted in huge investments done by leading players in the telecommunication sector.
By the end of 2016, about 2.5 billion of unique subscribers were present in the region which is around two third of the regional population. Mobile broadband connections are also expected to reach from 50% in 2016 to 72% by 2020. The technological advancement coupled with increasing disposable income is expected to boost the subscriber penetration in future. Government of emerging economies are also taking steps to bolster sector by promoting domestic manufacturing through easing of rules and regulations. This will give an up thrust to the electronic ceramics demand in market over the forecast timespan.
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Electroceramic materials find immense demand from the aerospace sector, owing to their properties such as light weight, insulation, and temperature stabilization. The use of electroceramic materials in this vertical dates as far back as the 1990s, where the design team of Concorde, the world's only supersonic airliner at the time, used a machinable glass ceramic in the engine control and management systems. Since then aerospace, underpinned by the advanced ceramics, has remained an attractive growth avenue for the overall electronic ceramics industry players.
In line with the ever-rising passengers and cargo, the demands that are placed by the aerospace industry are only set to increase. According to the estimates provided by Boeing in 2016, the rapid increase in airline travel will require nearly 40 thousand new airplanes in the coming 20 years. As such, the use of electronic ceramics will become pivotal, and the technology will thrive to take the center stage, in turn impelling the global electronic ceramic industry share.
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Pertaining to the greater requirement of advanced materials in most of the verticals, numerous companies have been investing in the electronic ceramics market on a considerably humongous scale, in order to offer innovative experience to customers. Kyocera, for instance, has recently developed a tiny ceramic UHF RFID tag for the aerospace industry that can to attached to metal tools for identification & tracking of different aircraft components.
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