Market Summary
The Global Optical Ceramics Market reached USD 148 million in 2018
and is estimated to register a CAGR of around 15.2% during the forecast period,
2019–2025. The growth of the global optical ceramics market is driven by the
increasing demand for material having properties such as high-temperature
resistance and high stiffness in the aerospace & defense industry as well
as the growing demand for substitutes of glass, plastics, and metals.
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Segmental Analysis
The global optical ceramics market has been segmented based on
material, application, end-use industry, and region.
By material, the global optical ceramics market has been
classified into sapphire, phosphor, aluminum oxynitride, spinel, and others.
The sapphire segment is expected to be the largest and fastest-growing segment
during the forecast period as it offers properties such as scratch resistance
and high optical transparency, owing to which it finds application in the
checkout doors at the supermarket. Yttrium aluminum garnet (YAG) exhibits high
thermomechanical properties owing to which it is widely used in the production
of nanocomposite optical ceramics, which are high in demand for applications in
range finders, target designators, and spot welding.
Based on application, the global optical ceramic market is
segregated into optics & optoelectronics, semiconductor, and others. The
growing use of image sensors, light-emitting diodes, and laser transmitters in
recent years have surged the demand for optical ceramics, particularly in the
optical & optoelectronics segment.
Aerospace & defense, energy, electrical & electronics, and
others are the end-use industries analyzed under the scope of the report. The
electrical & electronics segment held the largest market share in 2018,
owing to its significant growth in Asia-Pacific. The aerospace & defense is
expected to be the second-largest due to the increasing production of missiles
domes, high energy laser missiles, and infrared radomes.
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Key Players
Ceranova Corporation (US), CeramTec (Germany), Murata
Manufacturing Co., Ltd (Japan), CoorsTek Inc (US), Brightcrystals Technology
Inc (China), Schott AG (Germany), Saint-Gobain (France), Koninklijke Philips
N.V. (The Netherlands), General Electric (US), CeraNova (US), Shanghai SICCAS
(China), II-VI Optical Systems Inc (US), Kyocera Corporation (Japan), CILAS
(France), Surmet Corporation (US), Konoshima Chemicals Co., Ltd (Japan).
Regional Analysis
Asia-Pacific, Latin America, North America, Europe, and the Middle
East & Africa are the regions analyzed under the scope of the global
market.
The global optical ceramics market was led by North America with
the largest contribution in 2018 and is expected to be the fastest-growing
regional market during the forecast period. Asia-Pacific is projected to be the
second-largest market due to innovations in the optical and optoelectronics
segment. However, the Middle East & Africa and Latin America are projected
to witness steady growths during the forecast period.
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