Global Transparent Ceramics Market Size, Share, Opportunities, And Trends By Type (Monocrystalline, Polycrystalline, Others), By Material (Sapphire, Yttrium Aluminium Garnet, Spinel, Aluminium Oxynitride, Others), By End-User Industry (Optics & Optoelectronics, Aerospace, Defense & Security, Chemical, Healthcare, Consumer Electronics, Energy, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Aug 2024
- Report Code : KSI061610999
- Pages : 120
The global transparent ceramics market is expected to grow at a CAGR of 15.91% during the forecast period, reaching US$2,067.902 million in 2029 from US$1,116.449 million in 2024
Transparent ceramics have gotten a lot of attention in the last decade because of their significant contributions to industries like aerospace and defense, consumer electronics, optics and optoelectronics, and so on. The increased demand for their application in sensors and the use of ceramic technology in lasers are expected to be the major factors fuelling the market growth.
Some of the additional factors driving the growth performance of the transparent ceramics market are their growing demand as an alternative to traditional glass technologies, the growth of the optics and optoelectronic sector, improved efficiency, and the increasing defense expenditure. Various advancements are being made in this field, and one such advancement was made by a group of researchers at the University of California, who proposed the development of a transparent ceramic window. Such research and development are further expected to present potential growth opportunities for the transparent ceramics market.
GLOBAL TRANSPARENT CERAMICS MARKET DRIVERS:
- Increasing defense expenditure drives the market for transparent ceramics during the forecast period.
Transparent ceramics are widely used in sensor windows and night vision systems, among other applications, due to their corrosion resistance and thermal ability. Increasing defense expenditure around the globe is expected to drive the transparent ceramics market’s growth during the forecast period.
According to IISS, Asian defense spending is said to continue growing in 2023, but China will outpace the rest of the region. According to Military Balance and data presented by the IISS, the regional defense expenditure will increase by 4.2% in real terms in 2024. This is mainly due to countries' work in overcoming fiscal and economic constraints to further maintain the uplifts to defense spending. In statistical terms, China’s 2024 defense budget reached USD 236 billion (RMB1.665 trillion) compared to the estimated defense budget of USD 298 billion spent by all other countries in the APAC region. In nominal terms, the Chinese budget further increased by 7%, with 2024 marking the 30th consecutive year for its rise.
Additionally, with the growing need in defense for transparent armor for personal protection and infrared windows, government research laboratories and defense manufacturing science and technology programs have collaborated to support the manufacturing of aluminum oxy-nitride products that provide better system performance.
Furthermore, transparent ceramic armor provides superior ballistic protection at even less than half the weight and thickness of the traditional form of armor. Due to such benefits and advantages over other materials, the market for transparent ceramics is anticipated to grow substantially in the coming years.
Global Transparent Ceramics Market Segment Analysis
- Optics & Optoelectronics held one of the largest shares in the market during the forecast period.
By the end-user industry, the transparent ceramics market is segmented into optics and optoelectronics, aerospace and defense, chemicals, healthcare, consumer electronics, and energy, among others.
Optics and optoelectronics hold a significant share in the global market, growing with the increasing application of transparent ceramics in the industry. Rising demand for luxury vehicles and increasing awareness about vehicle safety drive the optoelectronics market, which is increasing demand for transparent ceramics over the forecast period. Increasing research and development in optics and optoelectronics technology and the growing demand for electric vehicles worldwide are anticipated to boost the market for transparent ceramics in the coming years.
- The United States will dominate the global transparent ceramics market during the forecast period.
By geography, the global transparent ceramics market has been segmented into the following: North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions.
North America accounts for a significant share of the global transparent ceramics market and is projected to grow significantly throughout the forecast period. This growth is attributed to the presence of big market players and growing investment in research and development for defense in the region.
According to the Peter G. Peterson Foundation and their calculations, the United States spent $916 billion on its national defense in 2023. SIPRI’s definition of defense spending has a broader perspective, including discretionary and mandatory outlays by the Department of State, Department of Energy, Department of Defense, and the National Intelligence Program.
In addition, the transparent ceramics market in the Asia Pacific region is anticipated to witness exponential growth owing to the expanding defense industry in developing countries like China and India. However, the South American transparent ceramics market will witness considerable growth during the forecast period owing to the region's limited investment in defense and research. Europe is expected to grow progressively over the forecast period due to stringent regulation and an increasing defense budget in many of its countries.
Global Transparent Ceramics Market Scope:
| Report Metric | Details |
| Market Size Value in 2024 | US$1,116.449 million |
| Market Size Value in 2029 | US$2,067.902 million |
| Growth Rate | CAGR of 15.91% from 2024 to 2029 |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Million |
| Segments Covered |
|
| Companies Covered |
|
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
The global transparent ceramics market is segmented and analyzed as follows:
- By Type
- Monocrystalline
- Polycrystalline
- Others
- By Material
- Sapphire
- Yttrium Aluminium Garnet
- Spinel
- Aluminium Oxynitride
- Others
- By End-User Industry
- Optics & Optoelectronics
- Aerospace, Defense & Security
- Chemical
- Healthcare
- Consumer Electronics
- Energy
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Saudi Arabia
- United Arab Emirates
- Rest of the Middle East and Africa
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Accelerating Usage in Optics and Optoelectronics
4.1.2. Increasing Demand in the Aerospace and Defense Sector
4.1.3. Advanced Ceramics Increasingly Replacing Plastics and Metals
4.2. Market Restraints
4.2.1. High-Cost
4.2.2. Threats from Substitutes
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL TRANSPARENT CERAMICS MARKET BY TYPE
5.1. Introduction
5.2. Monocrystalline
5.3. Polycrystalline
5.4. Others
6. GLOBAL TRANSPARENT CERAMICS MARKET BY MATERIAL
6.1. Introduction
6.2. Sapphire
6.3. Yttrium Aluminium Garnet
6.4. Spinel
6.5. Aluminium Oxynitride
6.6. Others
7. GLOBAL TRANSPARENT CERAMICS MARKET BY END-USER INDUSTRY
7.1. Introduction
7.2. Optics & Optoelectronics
7.3. Aerospace, Defense & Security
7.4. Chemical
7.5. Healthcare
7.6. Consumer Electronics
7.7. Energy
7.8. Others
8. GLOBAL TRANSPARENT CERAMICS MARKET BY GEOGRAPHY
8.1. Global Overview
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Rest of South America
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Rest of Europe
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. United Arab Emirates
8.5.3. Rest of the Middle East and Africa
8.6. Asia-Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Rest of Asia-Pacific
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Konoshima Chemical Co., Ltd.
10.2. CeramTec ETEC
10.3. Murata Manufacturing Co., Ltd.
10.4. SCHOTT AG
10.5. Momentive Technologies
10.6. CeraNova
10.7. Surmet Corporation
10.8. American Elements
Konoshima Chemical Co., Ltd.
CeramTec ETEC
Murata Manufacturing Co., Ltd.
SCHOTT AG
Momentive Technologies
CeraNova
Surmet Corporation
American Elements
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