The report is an illustrative sample demonstrating global Optical Ceramics Market trends, product category type, and market status. The report will help you understand the various applications of the usage and features of the product. It also covers the present and past market scenarios, market development patterns, and is likely to proceed with continuing development over the forecast period.
Market Overview:
Optical ceramics market is likely to witness an impressive CAGR of 14.8% during the forecast period. The key factor that is contributing to the demand for optical ceramics is mainly attributed to its increasing usage in various industrial applications, such as aerospace & defense, medical, and optics & optoelectronics.
Optical ceramics are advanced ceramics that are optically transparent. They are transparent polycrystalline materials that can be used in place of single crystals. In order to make ceramic transparent, there is a need to eliminate the inner pore and impurities along with the birefringence effect.
Optical ceramics possess various properties, such as high thermal resistance, strength, hardness, and scratch resistance; and are also, electrically resistant.
Our analysts keep a close eye on recent developments and follow the latest company news related to different players operating in the global Optical Ceramics Market. This helps us to deeply analyze companies as well as the competitive landscape.
What you get in this report–
- People looking for growth potential with respect to product categories can get all the desired information in this report, along with supporting figures and facts.
- The report studies various competitive dynamics of the market by profiling key players to gain overall market growth.
- It also includes a significant amount of analytical data about the impact of these advancements on the future of market growth.
- The business development trends, and marketing networks are analysed in this study.
NOTE: Our analysts monitoring the market situation across the globe indicate that the market will generate compensable prospects for the manufacturers post COVID-19 crisis.
Market Segmentation -
Based on the material type, the market is segmented as sapphire, aluminum oxynitride, spinel, yttrium aluminum garnet (YAG), and others. The sapphire segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The widespread usage of sapphire as optical windows in military sensor systems to super market checkout windows, and as transparent armor to as sheets, tubes & rods in various industrial applications is driving the growth of this segment.
Based on the end-use industry type, the optical ceramics market is segmented as optics and optoelectronics, aerospace and defense & security, energy, and others. The optics & optoelectronics segment dominates the market as optical ceramics are the advanced industrial materials developed mainly for their usage in various optics & optoelectronic applications, such as windows, domes, lenses, lamp envelopes, lasers, etc.
In terms of regions, North America is estimated to be the largest market and is expected to remain the dominant region, fueled by the high demand for optical ceramics in the USA. The dominance of the region is attributed to the high demand from the USA’s defense department for transparent armor for personnel protection in both, air and ground vehicles and infrared windows for air reconnaissance applications. Asia-Pacific is expected to be the fastest-growing market for optical ceramics during the forecast period. China, Japan, and India are the major growth engines of the Asia-Pacific’s optical ceramics market during the forecast period.
The top leading players operating in the market:
The key players of the global Optical Ceramics Market are –
• II-VI Optical Systems
• CeraNova Corporation
• CeramTec GmbH
• Surmet Corporation
• Schott AG
• CoorsTek Corporation
• Murata Manufacturing Co. Ltd.
• Konoshima Chemicals Co. Ltd.
• Kyocera Corporation
• Saint-Gobain S.A.
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About Us –
Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. This firm possesses a global presence to enable current market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. It also surveys clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.