Transparent Ceramics Market Analysis By Material, Product, End-Use, Region And Forecasts Till 2024 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.

The global transparent ceramics market size is expected to reach USD 1.1 billion by 2024, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 22.4% over the forecast period. Rising demand for optic and optoelectronics is anticipated to fuel the market demand over the forecast period.

Transparent ceramics are defined as inorganic, non-metallic polycrystalline materials that transmit light with wavelengths in the visible electromagnetic spectrum. These inorganic, non-metallic, polycrystalline materials are characterized by light transmission in visible as well as ultraviolet to infrared range of electromagnetic spectrum.

Applications of transparent ceramics include glass, tubes, automobile windshields, electronic gadget displays, sunglasses, and missile domes. The market for transparent ceramics has been segmented into various types according to its application such as optics and opto-electronics, aerospace and defense, healthcare, mechanical/chemical, and other industries.

The market demand is majorly supplemented by rising defense expenditure to implement superior technology and material. Aerospace, defense and security accounted for 22.3% market share in 2015. Increasing in expenditure for new innovations is expected to propel the growth of this industry.

Global market for transparent ceramics is presumed to grow over the next nine years on account of rising demand from numerous end-use industries. The product is used as an alternative to conventional glass technologies in numerous functions such as infrared domes, lasers, armors, and optical fibers. Product segment sapphire held 73% revenue share of the global market in 2015.

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Key Takeways Of The Report :

• Optics and optoelectronics was the largest application segment accounting for USD 61.02 million in 2015

• Other applications of transparent ceramics include lighting and display, equipment and machinery, food, agriculture, semiconductors, and transportation

• Monocrystalline transparent ceramics are majorly used in ceramic brackets in dental applications and held 95.2% of the global market

• Asia Pacific emerged as the largest regional market accounting for almost half of the global volume in 2015

• Key players in transparent ceramics market include ETEC, Surmet Corporation, Koito Manufacturing, and Murata Manufacturing Co. Ltd.

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Grand View Research has segmented the global transparent ceramics market on the basis of material, product, end-use, and region:

Transparent Ceramics Material Outlook (Revenue, USD Million, 2013 – 2024)

• Sapphire

• Yttrium Aluminum Garnet

• Aluminum Oxynitride

• Spinel

• Others

Transparent Ceramics Product Outlook (Revenue, USD Million, 2013 – 2024)

• Monocrystalline

• Polycrystalline

• Others

Transparent Ceramics Application Outlook (Revenue, USD Million, 2013 – 2024)

• Optics & Optoelectronics

• Aerospace, Defense & Security

• Mechanical/Chemical

• Sensors & Instrumentation

• Healthcare

• Consumer

• Energy

• Others

Transparent Ceramics Regional Outlook (Revenue, USD Million, 2013 – 2024)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Chile

• Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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