Optical Ceramics Market Scope:
Market Research Future (MRFR) studied the global optical ceramics market 2021 for the analysis period till 2025. As per MRFR study, the global optical ceramics market is likely to rise at 15.2% CAGR over the evaluation period. By 2025, the optical ceramics market value is expected to reached USD 148 Mn.
Drivers and Restrains Impacting Optical Ceramics Market
The expansion of the global Optical Ceramics Market can be driven by the rise in demand for material with properties, such as; high stiffness and high-temperature resistance, by the defense and aerospace industry, along with the increase in demand for substitutes of metals, glass, and plastics. Optical ceramics are reputed as advanced industrial materials that have applications in bar-code readers that are used in infrared radome, supermarkets, and laser windows among others. Optical ceramics are transparent polycrystalline materials that are made of ceramic fabrication methods and can act as better substituent for single crystals scintillators. The polycrystalline structure exhibit properties, such as; exceptional strength, high thermal resistance, electrical insulation, and high stiffness, as well as have the ability to withstand vibrations, enabling the application of optical ceramics in the manufacturing of military aircraft and commercial engines, radome and domes for withstanding harsh conditions. The increase in their demand across in the booming aerospace and defense, and energy industries can promote market growth.
Key Players of Optical Ceramics Market
General Electric (US), Shanghai SICCAS (China), CeraNova (US), II-VI Optical Systems Inc (US), CILAS (France), Kyocera Corporation (Japan), Konoshima Chemicals Co., Ltd (Japan), Surmet Corporation (US), CeramTec (Germany), Ceranova Corporation (US), CoorsTek Inc (US), Murata Manufacturing Co., Ltd (Japan), Schott AG (Germany), Brightcrystals Technology Inc (China), Koninklijke Philips N.V. (The Netherlands), and Saint-Gobain (France) are some key player in the global optical ceramics market that are listed by MRFR.
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Segmental Analysis of Optical Ceramics Market
The global optical ceramics market’s segment study is based on application, material, and end-use industry.
The material-based segments of the global market of optical ceramics are aluminum oxynitride, sapphire, spinel, and phosphor among others. The segment of sapphire is expected to rise at decent pace. The fast-paced rise of the segment can be attributed to the increasing demand for the product, due to properties, such as; high optical transparency and scratch resistance, and easy availability at supermarket. High thermomechanical properties exhibited by Yttrium aluminum garnet (YAG) and its increasing demand as optical ceramics can support the market rise. High in demand for optical ceramics in range finders, spot welding, and target designators can benefit the market.
The application-based segments of the global optical ceramic market are semiconductor, and optics & optoelectronics among others.
The end-user-based segments of the market of optical ceramics are electrical & electronics, Aerospace & defense, and energy among others. The aerospace and defense segment can rise at high pace owing to increasing demand for , high energy laser missiles, missiles domes, and infrared radomes.
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Regional Study of Optical Ceramics Market
In Europe, launch of innovations and surge in use of optical ceramics over metals and glass are factors that are expected to promote the expansion of the worldwide optical ceramics market in the years to come. The high response rate infrared radome and the surge in the manufacturing of lamp devices, image sensors, and laser transmitters, are factors that can boost the global market in the years to come. Similar growth causes are reported for North America optical ceramics market.
In Asia Pacific, international threats and ongoing geopolitical tensions can result in a surge in the demand and production of high energy laser weapons, missile domes, and IRCM (Infrared Countermeasure) lasers across the aerospace and defense sector that can drive the market of optical ceramics in the region. The high production of different types of detectors, lasers, and emitters, fiber optics that are require should have a focal lens for light control that are produced using advance ceramics that can drive the rise of the market in APAC during the assessment period.
In Middle East Asia and Africa, the lack of technical advanced to boost tensile strength of optical ceramics and the ongoing utility of conventional machining process in the production of advanced ceramics has becomes difficult, which, in turn, can impact the surface integrity of the advance ceramics product that can leading to increase in machinery cost as well as the cost of production, thus MEA market can least rise.
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