HOME Research Insight Kyocera (Japan) and CoorsTek (US) are the Major Player in the Ceramic Substrates Market

Kyocera (Japan) and CoorsTek (US) are the Major Player in the Ceramic Substrates Market

The ceramic substrates market is projected to grow from an estimated USD 6.35 Billion in 2017 to USD 8.68 Billion by 2022, at a CAGR of 6.44% during the forecast period. The major driver for the market is the growing demand for ceramic substrates for electrical & electronics applications in various end-use industries.

Key players operating in the ceramic substrates market include Kyocera (Japan), Murata Manufacturing (Japan), MARUWA (Japan), CoorsTek (US), CeramTec (Germany), Tong Hsing (Taiwan), LEATEC Fine Ceramics (Taiwan), Nikko Company (Japan), KOA Corporation (Japan), and Yokowo (Japan). These players have adopted various growth strategies to expand their global presence and increase their market shares. New product launches, expansions, collaborations, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the ceramic substrates market.

The growth of the ceramic substrates market was largely influenced by acquisitions and expansions over the past five years. Companies such as Kyocera (Japan), CoorsTek (US), and CeramTec (Germany) adopted expansions, acquisitions, and new product launches to expand their regional presence and enhance their product offerings.

Kyocera (Japan) is one of the leading ceramic substrates manufacturers, globally. The company has been focusing on new product launches and acquisitions to maintain its leading position in the market. For instance, in June 2017, AVX Corporation (US), a subsidiary of Kyocera, signed an agreement to acquire the Transportation, Sensing & Control business division of TT Electronics PLC (UK), which is expected help the company to expand its ceramic substrates market in Europe. In May 2017, Kyocera launched an ultra-small multilayer ceramic substrate packaging with an in-built RFID antenna. This is expected to have a read range up to twice as high as the conventional packages. The ceramic substrate package in RFID tag is expected to meet the increasing demand for IoT applications in various industries, such as automotive and medical.

CoorsTek (US) is another major player in the global ceramic substrates market. The company has been focusing on acquisitions as a part of its strategic development activities. In June 2016, CoorsTek Inc. acquired the Philips ceramics operation in Uden (Netherlands), thus expanding its strategic partnership with Philips and enabling it to serve both regional as well as global customers.

This report provides a detailed analysis of the ceramic substrates market and segments the same, based on product type, end-use industry, and region. Based on product type, the market has been segmented into alumina, aluminum nitride, beryllium oxide, silicon nitride, and others. Based on end-use industry, the market has been segmented into consumer electronics, automotive, telecom, industrial, military & avionics, and others. And based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

Related Reports:

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 2022

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