Electrical and Electronics Ceramics Market -to reach USD 17.89 billion by 2029, registering a CAGR of 5.50%, Industry Trends.

28 Jun 2023

Electrical and electronics ceramics contain special properties such as excellent optical, magnetic, and electrical properties which usually cannot be attained by their conventional dense counterparts, due to this it is used in various technological appliances. They are extensively used in multilayer ceramic capacitors (MLCCs), Radio-frequency identification (RFID), electrical, optical, and magnetic applications. Microelectromechanical systems (MEMs), noise filters, sensors, and actuators. Moreover, increasing investments in the semiconductor field is expected to boost the demand for electrical and electronics ceramics in the market during the forecast period.

Data Bridge Market Research analyses that the electrical and electronics ceramics market was valued at USD 11.66 billion in 2021 and is expected to reach USD 17.89 billion by 2029, registering a CAGR of 5.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Electrical and electronic ceramics refer to materials mainly used for performing electronic functions for a specific application. Dielectric, ferroelectric, piezo ceramics and conductive are some of the generally available types of electro ceramics. They contain ferrite-based circuit devices and permanent magnets that produce an electric charge when pressure is applied under an electric field.