Electronic Ceramics Market Regional Growth & Forecast 2018-2024 by Top Manufacturers – CeramTec North America, Morgan Advanced Materials, Maruwa Co.Ltd
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.
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