Market Overview
According to the report, the global Ceramic Substrate market was valued at approximately USD 6,721 million in 2019 and is expected to generate revenue of around USD 9,960 million by 2026, growing at a CAGR of roughly 5.78% from 2019 and 2026.
Ceramic substrate is an electronic sheet material, use electronic ceramic as substrate, the membrane and the outer circuit elements apt to form a support base member.
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Key Players
Key players in the Ceramic Substrate market cover Maruwa, Tong Hsing, Murata, Kyocera, Leatec Fine Ceramics, Nikko, CoorsTek, KOA Corporation, NCI, Asahi Glass Co, TA-I Technology, Yokowo, Rogers/Curamik, Ecocera, Toshiba, ICP Technology, NEO Tech, Holy Stone, ACX Corp, Chaozhou Three-Circle, Kechenda Electronics, ZheJiang Innuovo Electronic, Beijing North Asahi Electronic Glass, and Hebei Sinopack Electronic Tech.
Drivers and Restraint
Increased demand for ceramic substrates in various end-use industries owing to their superior properties, such as high wear resistance, longer life, and excellent thermal management is the key driver factor of Ceramic Substrate market. The increasing use of these substrates as alternatives to metals and alloys is another factor that driving the Ceramic Substrate market. Its properties such as high temperature resistance, corrosion resistance, light weight and low thermal expansion also propelling the Ceramic Substrate market. On the other hand, high acquisition and raw material costs are expected to hinder the market in the future period.
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Forecast by Geography
Asia Pacific is the leader market at a share of 49.87%, and is projected to be the fastest-growing market for ceramic substrates. Developing economies in this region such as China, India, and South Korea is the prime driver factor. China and Japan together represent large market shares in the region. Various economies in this region have expanded their manufacturing base, which, in turn, is expected to drive the Asia Pacific ceramic substrates market. North America is currently leading Europe with a share of 23.22% and 21.04%.
Type Segment
Based on the type, the Ceramic Substrate market can be segmented into Silicon Nitride (Si3N4), Beryllium Oxide (BeO), Aluminium Nitride (AlN), and Alumina (Al2O3).
Aluminum nitride is anticipated to be the largest segment of Ceramic Substrate market because of its higher thermal and mechanical stability as compared to other substrates.
Application Segment
Based on application, the Ceramic Substrate market is divided into Wireless Modules, Chip Resistor, LED, and other Applications.
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Target Audience
l Ceramic Substrate manufacturers
l Distributors and resellers of Ceramic Substrate
l Ceramic Substrate industry associations
l Product managers, Ceramic Substrate industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Ceramic Substrate
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