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Ceramic Substrates Market worth $10.3 billion by 2028 – At a CAGR of 6.2%

Published: January 22, 2024

Author: TEXTILE VALUE CHAIN

As per the recently published report by MarketsandMarkets™, The “Ceramic Substrates Market by Product Type (Alumina, Aluminum Nitride, Silicon Nitride, Beryllium oxide), End-use Industry (Consumer Electronics, Automotive, Telecom, Industrial, Military & Avionics), and Region – Global Forecast to 2028″, is projected to reach USD 7.6 billion in 2023 to USD 10.3 billion by 2028, at a CAGR of 6.2%. Ceramic substrates serve as essential packaging layers that provide support for a range of electronic components, including microelectronic circuits, resistors, and capacitors. Comprising a mix of glass, ceramics, and metals, these substrates find application in microelectronics, semiconductors, and electrical systems across diverse industries. The growth of the ceramic substrate market is propelled by the escalating need for advanced architectural solutions and the drive to miniaturize electronic devices. Additionally, the preference for ceramic substrates over traditional metal counterparts is gaining traction, further bolstering the market’s prospects. This trend underscores the critical role these substrates play in enabling technological advancements in electronics.

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250 Market data Tables
67 Figures
280 Pages and in-depth TOC on “Ceramic Substrates Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

The major players in ceramic substrate market include KYOCERA Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), CoorsTek Inc. (US), CeramTec GmbH (Germany), MARUWA Co., Ltd. (Japan), KOA Corporation (Japan), Yokowo Co., Ltd. (Japan), TONG HSING ELECTRONIC Industries,LTD. (Taiwan), LEATEC Fine Ceramics Co,.Ltd. (Taiwan), and NIKKO COMPANY (Japan). They have implemented strategies such as new product launch, acquisition, and collaboration in order to enhance their competitors.

Recent Developments in Ceramic Substrates Market Industry

In 2023, Murata Electronics (Thailand), Ltd., a manufacturing subsidiary of Murata Manufacturing Co., Ltd., has been constructing a new production building since July 2021. It has now completed the building and held a ceremony to mark its completion in March 2023. The production system is ready to meet medium- to long-term growth in demand for multilayer ceramic capacitors.
In 2022, CoorsTek Inc., celebrated the groundbreaking of the Advanced Materials Processing (AMP) expansion at its Benton, Arkansas facility. The materials produced in this new facility will enable the world’s most sophisticated semiconductor manufacturing processes.
In 2021, KYOCERA developed a silicon nitride (SN) hot-surface igniter with brilliant endurance and very stable ignition performance for 230-volt industrial or residential gas furnaces, water heaters, and boilers.

Based on product Type, Among the key ceramic substrates utilized, prominent ones include alumina, aluminum nitride, beryllium oxide, silicon nitride, and various others. These substrates serve as the foundational layer for numerous electronic, hybrid, and integrated circuits. They play a pivotal role in the deposition of conductive, resistive, and dielectric films, achieved through the bonding of metal and non-metal components. Ceramic substrates can be composed of oxides, nitrides, carbides, or silicides, typically exhibiting a crystalline structure due to ionic bonding mechanisms. The inherent attributes of ceramic substrates, such as high electrical resistivity, exceptional thermal, chemical, and mechanical stability, elevated melting points, and impressive dielectric properties, make them indispensable in diverse electronic applications. These characteristics underscore their significance in providing a robust and reliable foundation for advanced electronic circuitry, driving innovation and performance across multiple industries.

Based on end-use Industry, The ceramic substrate market is categorized into various sectors, including consumer electronics, automotive, telecommunications, industrial, military, avionics, and more. An essential feature of ceramic substrates is their ability to facilitate miniaturization, making them indispensable in applications like hearing aids and earphones that demand compact packaging. Furthermore, the surge in high-volume production for popular consumer devices like smartphones, tablets, laptops, desktop PCs, set-top boxes, portable gaming consoles, video cameras, speakers, earphones, and others is poised to exert a significant influence on the ceramic substrates market. This underscores the pivotal role of ceramic substrates in meeting the evolving demands of the electronics industry, particularly in achieving compact and high-performance designs.

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Based on Region, During the forecast period, the Asia Pacific region is anticipated to emerge as the dominant market for ceramic substrates. This prominence is largely attributed to the surging demand from the automotive sector, a significant driver for the ceramic substrates market. The quest for miniaturization is propelling the widespread adoption of advanced ceramic packaging technologies, including ceramic substrates, on a global scale. Nonetheless, the relatively higher cost of ceramic substrates in comparison to metals and alloys stands out as a major concern in this market. It’s important to note that Asia Pacific not only represents a key market for ceramic substrates manufacturers but also boasts the distinction of being the fastest-growing market, particularly in terms of volume. This underscores the region’s pivotal role in driving the expansion and innovation within the ceramic substrates industry, as well as the challenges tied to cost competitiveness in this dynamic market.

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