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.
Browse full research report on Transparent Ceramics Market: https://www.grandviewresearch.com/industry-analysis/transparent-ceramics-market
Further key findings from the report suggest:
- 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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/transparent-ceramics-market/request/rs1
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
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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