Electronic ceramics market has been observing remarkable growth lately with the rapidly expanding electronics sector that demands ceramics pertaining to the requirement of features such as piezoelectricity, insulation, magnetism, semiconducting, and superconducting. Considering the wide range of properties, ceramics can be used in myriad electronics product such as televisions, cell phones, consumer electronics, and computers. In this regard, focusing on the ever-increasing demand for electronic products across the globe, electronic ceramics market giants are trying to improve the existing product features for attracting more consumers. In addition, some companies have also been investing in research laboratories to promote innovations in electronic ceramics market.
The advent of new manufacturing technologies has considerably impacted electronics ceramics industry trends over the last few years. Recently, a team of Chinese researchers at the City University of Hong Kong have successfully developed 4D printed ceramics. The newly revealed 4D printed ceramics are mechanically robust, can be used in electronics, space exploration, and telecommunication applications owing to their capability to generate complex shapes. The ceramic materials can transmit electromagnetic signals very effectively as compared to metallic materials, which is why they are prominently preferred in electronic devices. In line with its high performance related to the signal transmission and the surging investments in telecommunication applications, electronic ceramics industry share from telecommunication & power transmission will register a CAGR of 5% over 2018-2025.
The arrival of 5G networks across the globe will have a significant impact on the demand for ceramic products over the years ahead. In fact, with the increasing deployment of 5G networks in several industries and numerous countries, ceramic products will play an important role in the development of electronics products. As of now, taking into account the increasing use of 5G technologies in smartphones and mobiles, many telecommunication service providers are investing in the upgradation of current cable services. For instance, one of the leading telecommunication companies, Verizon announced that it will start the installation of 5G home broadband services from October 2018 that will help them to attract more customers. Most of the technology giants have been looking forward to adopting the 5G network as the next-gen transformation in mobile technology which will further propel electronic ceramics market size.
In the U.S., California’s capital city, Sacramento will apparently be a recipient of Verizon’s 5G Internet services which are expected to be available for USD 50 to USD 70 per month. In the U.S., the growing acceptance of technology trends associated with the Internet services will fuel the need of 5G networks that will favorably promote electronic ceramics market. In line with the new technology trends, recently, one of autonomous vehicle technology companies, Phantom Auto has unveiled its plan to deploy driverless cars in Sacramento city. The high-speed telecommunication facility will improve the communication between the backup driver and vehicle. Reportedly, with the shifting trends toward the deployment of autonomous and EVs across the globe, the automotive and transmission segment of electronic ceramics market will register an annual growth rate of more than 4% over 2018-2025.
In addition to the significant development in the automotive sector, the remarkable change in the electronics sector in terms of product developments and innovations is slated to propel electronic ceramics industry over the years ahead. For instance, semiconductor manufacturing company, Intel has combined metal materials and high dielectric ceramic to produce switching gates and insulating walls of nanometer transistors. These microscopic transistors will be used in modern multi-core processors that are installed in laptops, PCs, and servers on a large scale. The surging use of hybrid dielectric ceramics over the conventional materials for reducing gate leakages and transistors size is poised to stimulate electronic ceramics industry outlook over the years ahead.
The increasing design complexity of various electronics products along with the shifting trends toward the development of compact size products for an aesthetically appealing view is slated to impel the product demand. On-going research across the globe to develop ceramic nanoparticles will also create lucrative business opportunities not only for the giants in the electronic ceramics market but also for the players in the core electronics industry. The surging modernization and digitalization across the globe is also certain to have a favorable impact on electronic ceramics market which will generate a revenue of more than USD 15 billion by the end of 2025.