Optical Ceramics Market

Optical Ceramics Market worth $297 million by 2023

The report "Optical Ceramics Market by Material (Sapphire, Aluminum Oxynitride, Spinel), End-use (Optics & Optoelectronics, Aerospace and Defense & Security, Energy), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2023" The optical ceramics market is projected to grow from USD 148 million in 2018 to USD 297 million by 2023, at a CAGR of 15%, between 2018 and 2023. The global optical ceramics market is driven by the increasing defense expenditure on advanced materials and technologies. Optical ceramics are used as a substitute for glass, metals, and plastics, which is boosting the market.

Browse 61 market data Tables and 33 Figures spread through 112 Pages and in-depth TOC on "Optical Ceramics Market by Material (Sapphire, Aluminum Oxynitride, Spinel), End-use (Optics & Optoelectronics, Aerospace and Defense & Security, Energy), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/optical-ceramics-market-189287328.html

On the basis of material, the sapphire segment is estimated to lead the optical ceramics market during the forecast period.

Sapphire is the fastest-growing material for optical ceramics owing to the presence of a large number of manufacturers producing this material. Sapphire (single crystal aluminum oxide) is primarily used where standard glass and technical ceramics cannot meet the high transparency demand of specific applications. It possesses exceptional optical properties such as high ultraviolet and infrared optical characteristics, high wear & scratch resistance, and high thermal conductivity & co-efficiency of linear expansion, among others. Sapphire is most widely preferred optical ceramics material owing to its easy availability, ease of manufacturing, and suitability for a wide range of optical applications. Demand for synthetic sapphire is gaining significant momentum for production of optical windows due to its excellent scratch-resistant properties and exceptional transparency to the wavelength of light. Innumerable properties of sapphire contribute to its wide use in the optical ceramics market.

High demand in the optics & optoelectronics industry owing to excellent properties, including its high ultraviolet and infrared optical characteristics, of optical ceramics is projected to lead the market during the forecast period.

Optics & optoelectronics is the fastest-growing end-use industry of optical ceramics. Optical ceramics are used in lamps (primarily LEDs), CMOS (complementary metal–oxide–semiconductor) image sensors, laser pick-ups, CCD (charge-coupled devices) image sensors, displays, couplers, infrared, and laser transmitters. Consumption of these optical components is increasing as optoelectronics sales are getting a remarkable enhancement due to the growing demand for light sensors, which are used in smart watches and smartphones for proximity detection, heart rate monitoring, and color sensing. The increasing usage of optical ceramics in these products has led to the growth of the market in the optics & optoelectronics segment.

High economic growth rate and growing optoelectronics industry in China, Japan, and India are projected to lead the optical ceramics market in APAC during the forecast period.

APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of optical ceramics. Increasing manufacturing of optoelectronic devices with touchscreen displays using materials such as sapphire and Yttrium aluminium garnet in Japan, China,  and India is anticipated to deliver impetus to the market growth.

The key players in the optical ceramics market include CeramTec (Germany), Schott AG (Germany), Surmet Corporation (US), II-VI Optical Systems (US), CeraNova (US), Kyocera (Japan), CoorsTek (US), Konoshima Chemicals (Japan), Saint- Gobain (France), and Murata Manufacturing (Japan). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

Don’t miss out on business opportunities in Optical Ceramics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Optical Ceramics Market Size,  Share & Growth Report
Report Code
CH 7056
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Optical Ceramics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets