Selbyville, Delaware , Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ceramic substrates market size is predicted to reach USD 19.35 billion by 2032, as per a recent study by Global Market Insights Inc.
The industry growth is driven by continuous advancements in technology. Electronics and telecommunication industries demand highly efficient and reliable substrates for their intricate applications. In September 2022, TT Electronics unveiled its high-power chip resistors, TFHP series thin film, which combined high power and high precision in a single resistor, capitalizing on an aluminum nitride ceramic substrate with around six times the conductivity of alumina. This indicates the development of advanced ceramics, offering superior thermal conductivity, electrical insulation, and mechanical strength. This enables manufacturers to meet the escalating demand for compact and high-performance electronic devices.
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Automotive & aerospace industries increasingly adopt electronic components and systems for enhanced functionality and efficiency. The substrates' ability to withstand extreme temperatures and harsh environmental conditions makes them indispensable for applications in engine control units, sensors, and communication systems. Moreover, manufacturers are preferring ceramic substrates as a greener alternative to traditional materials. The recyclability of ceramics reduces electronic waste and environmental consciousness becomes integral to corporate strategies.
Telecommunication fuels demand for ceramic substrates
Ceramic substrates market share from telecommunication segment is slated to record high demand through 2032, owing to the rapid evolution of 5G technology and the proliferation of high-speed data transmission. The escalating need for compact, lightweight, and durable components in 5G infrastructure amplifies the significance of ceramic substrates in telecommunications. The material's ability to provide efficient heat dissipation and maintain signal integrity under demanding conditions makes it important for the development of advanced communication systems.
Versatility & adaptability of ceramic sheets
Ceramic substrates market from Sheet segment share is poised to grow at substantial rate during 2024-2032, owing to the versatility and adaptability across various applications. Industries, particularly electronics and automotive, increasingly prefer ceramic sheets as a fundamental component in manufacturing processes due to their exceptional thermal management properties. Their ability to efficiently dissipate heat in electronic devices enhances overall system performance, ensuring reliability in demanding environments. The catalytic converter, an integral part of emission control systems, relies on the thermal stability and durability of ceramic sheets, further bolstering the product demand.
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Stringent environmental regulations to push Europe market growth
Europe ceramic substrates market size will register a strong CAGR through 2032, attributed to the stringent environmental regulations. The emphasis on reducing carbon emissions aligns with the product’s eco-friendly and recyclable properties. As the region advances in 5G technology deployment, the demand for high-performance electronic components, reinforced by ceramic substrates, grows. The synergy of regulatory compliance and technological evolution contributes to the regional market expansion.
Considering the competitive landscape, the renowned ceramic substrates market are Kyocera Corporation, Yokowo Co., Ltd., Leatec Fine Ceramics Co., Ltd., NGK Insulators, Ltd., Maruwa Co., Ltd., Murata Manufacturing Co., Ltd., CeramTec GmbH, ENrG Inc., Adamant Namiki Precision Jewel Co., Ltd., and CoorsTek, Inc. among others.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
