Transparent Ceramics Market In-Depth Analysis And Future Growth Report To 2024

Transparent Ceramics Market In-Depth
Analysis And Future Growth Report To 2024
“The global Transparent Ceramics Market size is anticipated to reach USD 1.1 billion by
2024. It is projected to expand at a CAGR of 22.4% over the forecast period on account of
its increasing demand from various application sectors as an alternative for traditional
glass technologies in numerous functions for instance armors, optical fibers, lasers and
infrared domes.”
Industry insights
The global Transparent Ceramics Market size is anticipated to reach USD 1.1 billion by 2024. It is projected to expand at
a CAGR of 22.4% over the forecast period on account of its increasing demand from various application sectors as an
alternative for traditional glass technologies in numerous functions for instance armors, optical fibers, lasers and
infrared domes.
The increasing emphasis on deployment cutting and laser tools is enhancing the transparent ceramics market globally. In
addition, growing penetration of transparent ceramics on account of its excellent properties as compared with
conventional ceramics is presumed to fuel the expansion over the forecast period.
The product consists of materials which are transparent under the electromagnetic wave as well as UV and IR light.
Some of its materials provide multipurpose and special properties which are appropriate for lasers and scintillators.
Application Insights
The aerospace, defense & security sector accounted for 22.3% of the overall market share in the year 2015. The sector is
anticipated to witness a speedy growth over the next eight years on account of increasing expenditure in this sector for
new advancements.
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Transparent ceramics are used for manufacturing windows, hemispherical domes and armors for missiles. The constant
rise in the expenditure for the improvement of aerospace & defense segment, specifically in the Middle East, is
presumed to fuel the overall growth.
The optics & optoelectronics industry is anticipated to garner revenues worth USD 302.40 million by the year 2024. The
product is utilized in CCDs, CMOS, transmitter, couplers and image & display sensors on a large scale, as a result optics &
optoelectronics application sector is expected to garner the highest revenue share over the forecast period.
Product Insights
The monocrystalline transparent ceramics accounted for over 53.4% of the total revenue share in the year 2015. They
are projected to witness augmented growth over the forecast period.
The polycrystalline transparent ceramics are expected to witness the fastest growth over the forecast period on account
of its increasing application scope such as armors, laser equipment and optoelectronic devices.
Material Insights
The demand for spinel is anticipated to witness a rapid growth over the next eight years on account of its increasing
application for manufacturing defense industry related products. The polycrystalline structure of the material enables it
to be a commercially feasible option for application in spinel.
Sapphire accounted for 41.30% of the total revenues in the year 2015. The material segment is presumed to continue its
dominance over the next eight years on account of its rising usage in electronics & semiconductor industry.
Yttrium aluminium garnet (YAG) is projected to grow at a moderate rate on account of its increasing application in
defense vehicles and optic devices. The material segment is expected to garner a market share of around 22.1% by the
year 2024.
Regional Insights
Asia Pacific accounted for approximately 45.0% of the total market share in the year 2015. The demand in this region is
fueled by the increasing application of the product on account of its excellent properties. In addition, the rising demand
for iron & steel and defense sectors owing to rapid industrialization is presumed to boost the overall growth.
The availability of raw materials at cheaper rates along with large number of manufacturers and suppliers is a crucial
factor for the market growth in this region. China is expected to lead the growth of Asia Pacific during the analysis
period.
The U.S. market was estimated at USD 20.90 million in the year 2015 and occupied more than 60.0% of the total
revenue share in the North America. In addition, increasing expenditure of the country in defense sector is projected to
fuel the demand over the forecast period.
The gobal market in Europe is highly influenced by the glass & ceramic refractory and steel & iron industry. It is expected
to witness a significant growth rate of 18.4% CAGR over the forecast period.

Competitive Insights
The major players are continuously engaged in R&D activities for new product development and innovations with an aim
of strengthening their foothold in the market and achieve a competitive edge over the competitors.
The major participants include Coorstek, Schott AG., Surmet Corporation, IBD Deisenroth Engineering, Murata
Manufacturing Co. Ltd., CeramTec, Koito Manufacturing and Ceranova. The increase in the applications for transparent
ceramics is anticipated to provide a competitive advantage to the market participants.
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Market Segment:
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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