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.
For Full Research Report On Transparent Ceramics Market Visit Here:
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.
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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.
For more info visit @ https://www.grandviewresearch.com
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