Optical Ceramics Market: Outlook 2027 & Key Trends

Optical Ceramics market size was estimated at USD 189.3 Mn. in 2020. It is expected to grow at a CAGR of 12.4% from 2021 to 2027.

Optical Ceramics Market Overview:

Optical ceramics are one of the many types of transparent ceramics. They are transparent polycrystalline materials which can replace single crystal scintillators. Polycrystalline materials are solids composed of crystallites divided by grain borders, which are areas of relative disorder. Optical ceramics are high-tech industrial materials with optical applications. Optical ceramics have the advantage of being able to generate low-cost, large-scale materials for large-area detection. Optical ceramics are utilised in aerospace & optoelectronics, among other areas. Military & security sector technological advancements & inventions, like body armor & helmets, as well as vehicles & aircrafts, have been important market drivers. By widening the spectrum of applications & generating new products, continuous R&D in this area has resulted in increased efficiencies. The use of optical ceramics in the aerospace, defence, & security industries has been one of the driving forces. On the other hand, the high cost of optical ceramics is estimated to stifle market expansion during the forecast period. In the future, increased demand in the medical sector is likely to present an opportunity. Traditional glass has been replaced as a result of new product developments by significant corporations, as well as low-cost & technologically advanced items. Transparent ceramics are being used in a variety of industries because of its light weight, improved visibility, & long durability. The product's application scope has been improved thanks to the efforts of key players in research & innovation. Ceramics may now be shaped into various shapes like tubes & rods, thanks to recent advancements. Abrasives, furnaces, semiconductor equipment, & lighting are just a few of the mechanical and chemical sectors that use them.

Material Segment Overview:

Sapphire had the maximum share of the total market in the year 2019, accounting for 41.4 % of the total. Because of the virtuous forecast for optoelectronics in Asia Pacific's growing economies, sapphire demand is likely to expand at a significant rate. Increased production of electronic gadgets with sapphire touchscreen displays in markets like China, Japan, & India is estimated to boost market development. Because of increasing industrialization & defence segment investments, yttrium aluminium garnet is estimated to grow at a significant rate in APAC. Developing countries such as India & China are estimated to increase defence spending in the foreseeable future. In adding, growing focus on deployment of laser & cutting tools is anticipated to push the regional growth between 2021 & 2027. During the forecast period, spinel is estimated to grow at a CAGR of 10.7 percent. It's a long-lasting polycrystalline ceramic with optical transparency that spans the UV to MWIR range. The development of spinel transparent ceramics can be credited to their rising application in reconnaissance windows, lenses, domes, & sensor windows. Optical Ceramics Market To know about the Research Methodology :- Request Free Sample Report

Optical Ceramics Market Application Overview:

In the year 2019, the market for ceramics was controlled by optics & optoelectronics. During forecast period, this segment is likely to overtake the largest application segment. New product advancements along with low cost & advanced technologies are driving expansion of this application segment. In addition rising usage in spectacles as a replacement for traditional glass is predicted to stimulate worldwide demand growth. The category is anticipated to grab a large market share due to increasing usage in CMOS, CCDs, image & display sensors, couplers, & transmitters. In the coming years, mechanical/chemical is expected to witness the fastest application area. Transparent ceramics now have a broad spectrum of applications because to corporations' constant R&D efforts. Ceramics may now be shaped into a variety of shapes, including test tubes, tubes, and rods, thanks to recent advancements. Abrasives, furnace, semiconductor equipment, lights, and a variety of other mechanical or chemical industries use these tubes and rods.

Optical Ceramics Market Regional Overview:

In the year 2019, APAC held maximum share of market & is expected to grow rapidly as a result of increased government investment on infrastructure & increased opportunities for FDI in China & India. During the forecast period, demand for industrial, transportation, & commercial facilities is projected to continue to fuel expansion. The increasing aviation segment in Asia Pacific is driving demand for transparent ceramics. Transparent ceramics are commonly utilised as sensors, armor, & ceramic guards in helicopters & planes. With increased government assistance, APAC has the potential to establish a successful aircraft sector, and it might become a major player in the aviation business, which is currently dominated by North America. Transparent ceramics have found a lucrative market in Latin America. Latin America's emerging economies have better growth prospects. Over the next few years, emerging markets are expected to grow much faster than the United States. Brazil is predicted to develop significantly as a result of the government's increased defence spending. The objective of the report is to present a comprehensive analysis of the Global Optical Ceramics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Optical Ceramics Market dynamics, structure by analyzing the Market segments and project the Global Optical Ceramics Market size. Clear representation of competitive analysis of key players by Material, price, financial position, Material portfolio, growth strategies, and regional presence in the Global Optical Ceramics Market make the report investor’s guide.

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Optical Ceramics Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US$ 189.3 Mn.
Forecast Period 2021 to 2027 CAGR: 12.4 % Market Size in 2027: US$ 429.06 Mn.
Segments Covered: by Material • Sapphire, YAG, Aluminium Oxynitride • Spinel • Others
by End-Use • Aerospace & Defense • Energy • Electrical & Electronics • Others

Optical Ceramics Market, by region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Optical Ceramics Market Key Players

American Elements • CeraNova • CeramTec • CoorsTek • Konoshima Chemicals • Kyocera • Saint- Gobain • Schott AG • Surmet Corporation • II-VI Aerospace & Defense. • Rayotek Scientific Inc. • Applied Ceramics • Ird Glass • Rauschert GmbH • Ceradyne, Inc. • Blasch Precision Ceramic • Advanced Ceramic Manufacturing • Ceradyne, Inc. • Mcdanel Advanced Ceramic Technologies • Cilas FAQ’S: 1) What is the share of the Global Optical Ceramics Market in 2020? Answer: The Global Optical Ceramics Market was accounted for 189.3 Million in the year 2020. 2) Which end use segment is dominating the Global Optical Ceramics Market? Answer: Aerospace & Defense sector is the dominating end use segment in the market. 3) What are the key players in the Global Optical Ceramics Market? Answer: American Elements, CeraNova. CeramTec, CoorsTek, Konoshima Chemicals Kyocera, Saint- Gobain, Schott AG, Surmet Corporation, II-VI Aerospace & Defense. 4) Which factor acts as the driving factor for the growth of the Optical Ceramics Market? Answer: The major factors for the growth of the Global Optical Ceramics market includes the novel applications in photography and other imaging devices.
1. Global Optical Ceramics Market: Research Methodology 2. Global Optical Ceramics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Optical Ceramics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Optical Ceramics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Optical Ceramics Market Segmentation 4.1. Global Optical Ceramics Market, by Material (2020-2027) • Sapphire, YAG, Aluminum Oxynitride • Spinel • Others 4.2. Global Optical Ceramics Market, by End-Use (2020-2027) • Aerospace & Defense • Energy • Electrical & Electronics • Others 5. North America Global Optical Ceramics Market(2020-2027) 5.1. North America Optical Ceramics Market, by Material (2020-2027) 5.2. North America Optical Ceramics Market, by Material (2020-2027) • Sapphire, YAG, Aluminum Oxynitride • Spinel • Others 5.3. North America Optical Ceramics Market, by End-Use (2020-2027) • Aerospace & Defense • Energy • Electrical & Electronics • Others 5.4. North America Optical Ceramics Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Optical Ceramics Market (2020-2027) 6.1. European Optical Ceramics Market, by Material (2020-2027) 6.2. European Optical Ceramics Market, by End-Use (2020-2027) 6.3. European Optical Ceramics Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Optical Ceramics Market (2020-2027) 7.1. Asia Pacific Optical Ceramics Market, by Material (2020-2027) 7.2. Asia Pacific Optical Ceramics Market, by End-Use (2020-2027) 7.3. Asia Pacific Optical Ceramics Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Optical Ceramics Market (2020-2027) 8.1. Middle East and Africa Optical Ceramics Market, by Material (2020-2027) 8.2. Middle East and Africa Optical Ceramics Market, by End-Use (2020-2027) 8.3. Middle East and Africa Optical Ceramics Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Optical Ceramics Market (2020-2027) 9.1. Latin America Optical Ceramics Market, by Material (2020-2027) 9.2. Latin America Optical Ceramics Market, by End-Use (2020-2027) 9.3. Latin America Optical Ceramics Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. American Elements. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. CeraNova 10.3. CeramTec 10.4. CoorsTek 10.5. Konoshima Chemicals 10.6. Kyocera 10.7. Saint- Gobain 10.8. Schott AG 10.9. Surmet Corporation 10.10. II-VI Aerospace & Defense 10.11. Rayotek Scientific Inc. 10.12. Applied Ceramics 10.13. Ird Glass 10.14. Rauschert GmbH 10.15. Ceradyne, Inc. 10.16. Blasch Precision Ceramic 10.17. Advanced Ceramic Manufacturing 10.18. Ceradyne, Inc. 10.19. Mcdanel Advanced Ceramic Technologies 10.20. Cilas 10.21. Others

About This Report

Report ID 31221
Category Material & Chemical
Published Date June 2019
Updated Date Jan 2022
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