Feb 10, 2022   SOURCE: BusinessWire

Worldwide Optical Ceramics Industry to 2030 - Featuring American Elements, CeraNova and CoorsTek Among Others - ResearchAndMarkets.com

The "Optical Ceramics Market by Material and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global optical ceramics market was valued at $189.3 million in 2020, and is projected to reach $603.4 million by 2030, growing at a CAGR of 12.4% from 2021 to 2030.

Optical ceramics are special industrial products used in laser windows used in restaurants, infrared radomes, and barcode scanners. Optical ceramics are translucent polycrystalline materials formed by ceramic manufacturing techniques that are used in place of single crystal scintillators. In addition, owing to its polycrystalline structure, it has properties such as high heat resistance, extraordinary strength, high rigidity, electrical insulation, and vibration resistance. Use of optical ceramics in manufacturing is designed to withstand harsh of civil and military aircraft engines, domes, and radomes, where increasing demand in the expanding aerospace and defense and energy industries is expected.

These ceramics are cheaper to manufacture compared to available alternatives in industries, which is expected to be a key factor in growth of the global optical ceramic market. In addition, the manufacturing process for producing single crystals is faster. In addition, innovation and increased use of optical ceramics over glass and metals are also expected to drive growth in global demand for optical ceramics. In addition, with development of image sensors, lamp devices, and laser transmitters, reaction speed of optical ceramics to infrared rays, optics, and ultraviolet rays may increase leading to rise in the global demand.

The global optical ceramics market is segmented into material, end use, and region. By material, the market is segregated into sapphire, aluminum oxynitride, spinel, yttrium aluminum garnet, and others. On the basis of end use, it is fragmented into optics & optoelectronics, aerospace & defense and security, energy, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future estimations of the optical ceramics market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Market Dynamics

Drivers

  • Aerospace & defense expected to witness significant growth
  • Substitute to glass, metal, and plastics

Restraint

  • High costs of optical ceramic

Opportunity

  • Increase in demand for optical ceramic in Asia-pacific
  • Advancements in nanotechnology

Key Players

  • American Elements
  • CeraNova
  • CeramTec
  • CoorsTek
  • Konoshima Chemicals
  • Kyocera
  • Saint- Gobain
  • Schott AG
  • Surmet Corporation
  • II-VI Aerospace & Defense

For more information about this report visit https://www.researchandmarkets.com/r/3lx0jo