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The ceramic substrate market share is expected to increase by USD 2.27 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 6.3%.
This ceramic substrate market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ceramic substrate market segmentation by type (alumina substrates, aluminum nitride substrates, beryllium oxide substrates, silicon nitride substrates, and other ceramic substrates), end-user (consumer electronics, automotive, telecom, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The ceramic substrate market report also offers information on several market vendors, including Advanced Substrate Microtechnology Corp., AGC Inc., CEPHEUS TECHNOLOGY LTD., CeramTec GmbH, CoorsTek Inc., Hitech Ceramics, ICP TECHNOLOGY, KOA Corp., Kyocera Corp., LEATEC Fine Ceramics Co. Ltd, MARUWA Co. Ltd., Neo Tech Inc., NGK SPARK PLUG Co. Ltd., NIKKO CO., Nippon Carbide Industries Co. Ltd., Ortech Advanced Ceramics, Stanford Advanced Materials, Toshiba Corp., TTM Technologies Inc., and Yokowo Co. Ltd. among others.
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The increasing use in electronic components and circuits is notably driving the ceramic substrate market growth, although factors such as high cost compared with metals and alloys may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the ceramic substrate industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Ceramic Substrate Market Driver
Increasing use in electronic components and circuits is one of the key drivers supporting the ceramic substrate market growth during the forecast period. Ceramic components and systems are ideal for electrotechnical applications because they have insulating properties and are heat-resistant and also suitable for cooling. Some properties conferred by ceramics in electronic components are electrical insulation: Ceramic substrates have an electrically insulating effect. Furthermore, high precision of ceramics in production and low thermal expansion can be used to improve the accuracy of measurement of devices and sensors. Moreover, ceramic materials, such as ferrites, ferroelectrics, and a few transition metal oxides, are employed in electrical components. This is owing to their glass-forming characteristic; molten ceramics must be rapidly cooled to generate uniform glasses, which is critical for limiting phase dispersion, which is required in most electronic applications. Such factors are significantly supporting the growth of the focused market during the forecast period.
Key Ceramic Substrate Market Trend
Growing applications of alumina substrates are one of the key ceramic substrate market trends during the forecast period. The most popular advanced oxide ceramic material, alumina, is employed in a variety of applications. The technologies such as uniaxial (die) pressing, isostatic pressing, injection molding, extrusion, and slip casting are used to create the components for alumina substrates. These are distinguished by superior wear and corrosion resistance, high strength and hardness, and temperature stability. Alumina substrates satisfy all criteria for insulating materials for use in electrical and electronic engineering applications. Since alumina substrates are less costly than other ceramic substrates, they are frequently employed in thick and thin film applications. Hence, all these factors are projected to fuel the growth of the focused market during the forecast period.
Key Ceramic Substrate Market Challenge
High cost compared with metals and alloys is one of the challenges hampering the ceramic substrate market growth. The global ceramic substrate market is very competitive in terms of end-user applications such as automobile, construction, aerospace, medical, and electronics. This is attributable to the growth of the chemical industry globally and the constant economic growth in APAC. In such a competitive scenario, the two most common commercial factors are capital cost and operating cost. For instance, ceramic substrates improve the design and efficiency of aircraft; however, they can increase production costs. Therefore, transplants and grafts made using ceramic substrates have become expensive over the last five years, affecting their reach to a major section of the population. In addition, the manufacturing and fabrication costs associated with ceramic substrates are higher than those of substitutes such as titanium alloys and silicon substrates. The high price of raw materials and high expenditure required during the manufacturing process decreases the economy of scale. Therefore, a cost-efficient design and production technology are desired to leverage profits. Thus, the availability of substitutes such as metals and alloys with low production costs is expected to hamper the growth of the focused market during the forecast period.
This ceramic substrate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ceramic substrate market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ceramic substrate market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ceramic substrate market encompasses successful business strategies deployed by the key vendors. The ceramic substrate market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ceramic substrate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ceramic substrate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for ceramic substrate markets in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Quickly developing end-user industries, competitive manufacturing prices, and high economic development rates are favorable aspects that will facilitate the ceramic substrate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Countries such as India, China, Japan, Australia, and New Zealand witnessed a significantly large number of COVID-19 cases in 2020. The outbreak of COVID-19 compelled the governments of several countries in APAC to implement nationwide lockdowns in the first half of 2020. As a result, activities across end-user industries such as manufacturing, construction, automobile, and consumer electronics had to be suspended in 2020. Therefore, the ceramic substrate market in APAC witnessed a decline in 2020. However, lockdown restrictions were lifted in many countries in the region in 2021 as a consequence of large-scale vaccination drives across the region. It allowed the resumption of many industrial and construction activities, along with operations across retail and online stores, which, in turn, is expected to fuel the growth of the regional ceramic substrate market during the forecast period.
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The ceramic substrate market share growth by the alumina substrate segments will be significant during the forecast period. The technologies such as uniaxial (die) pressing, isostatic pressing, injection molding, extrusion, and slip casting are used to create alumina substrates. These are distinguished by exceptional wear and corrosion resistance, high strength and hardness, and temperature stability. Alumina substrates satisfy all requirements for insulating materials for use in electrical and electronic engineering applications and can be frequently employed in thick and thin film applications due to their low cost. Hence, all these factors are estimated to fuel the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ceramic substrate market size and actionable market insights on the post-COVID-19 impact on each segment.
Ceramic Substrate Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.3% |
Market growth 2022-2026 |
$ 2.27 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.15 |
Regional analysis |
APAC, Europe, North America, South America, Middle East, and Africa |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Advanced Substrate Microtechnology Corp., AGC Inc., CEPHEUS TECHNOLOGY LTD., CeramTec GmbH, CoorsTek Inc., Hitech Ceramics, ICP TECHNOLOGY, KOA Corp., Kyocera Corp., LEATEC Fine Ceramics Co. Ltd, MARUWA Co. Ltd., Neo Tech Inc., NGK SPARK PLUG Co. Ltd., NIKKO CO., Nippon Carbide Industries Co. Ltd., Ortech Advanced Ceramics, Stanford Advanced Materials, Toshiba Corp., TTM Technologies Inc., and Yokowo Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product Type
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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