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.
Get Free Sample@ https://www.marketresearchfuture.com/sample_request/8142
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.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/optical-ceramics-market-8142
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.
No comments:
Post a Comment