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2021
Optical Ceramics Market

Optical Ceramics Market

by Material (Sapphire, Aluminum Oxynitride, Spinel, Yttrium Aluminum Garnet, and Others) and End Use (Optics & Optoelectronics, Aerospace & Defense and Security, Energy, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14370
Pages: 200
Nov 2021 | 1475 Views
Author(s) : Snehal M, Anil C , Eswara P
Tables: 94
Charts: 53
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COVID-19

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Optical Ceramics Market Outlook - 2021–2030

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.

The COVID-19 outbreak has impacted negatively on the global optical ceramics market. This is attributed to temporary shutdown of manufacturing and import & export activities across the globe which further disrupted the supply chain of optical ceramics market.

One of the varieties of transparent ceramics is optical ceramics. They are polycrystalline transparent materials that can be used instead of single crystal scintillators. Polycrystalline materials are solids made up of a collection of crystallites (grains) separated by grain borders, which are areas of relative disorder. Optical ceramics are high-tech industrial materials designed for use in optical applications. The ability to produce competitively priced and large-sized materials for large-area detection is a benefit of optical ceramics. 

Optical-Ceramics-Market-2021-2030

Optical ceramics are used in a wide range of industries, including aerospace and optoelectronics. Technological improvements and inventions in the military & security industry, such as body armors and helmets, as well as vehicles and aircrafts, have been key market drivers. Continuous research and development in this discipline has resulted in improved efficiencies by broadening the spectrum of applications and developing new products. One of the driving forces has been on the rise, owing to use of optical ceramics in the aerospace, defense, and security industries. However, the high cost of optical ceramics is projected to hinder growth of the market during the forecast period. Increase in demand in the medical sector is expected to act as an opportunity in the future.

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.

The key players profiled in this report include American Elements, CeraNova, CeramTec, CoorsTek, Konoshima Chemicals, Kyocera, Saint- Gobain, Schott AG, Surmet Corporation, and II-VI Aerospace & Defense. The global optical ceramics market report provides in-depth competitive analysis as well as profiles of these major players.

Global optical ceramics market, by material

By type, the sapphire segment accounted for around 27.4% of the optical ceramics market share in 2020. Optical ceramics made from sapphire are optically transparent from near-ultraviolet through mid-wave infrared frequencies with mid-IR transmittance comparable to that of Sapphire itself. The continuous research and development in this field has led to achieving better efficiencies.

Optical Ceramics Market
By Materials

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Sapphire is projected as the most lucrative segment.

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Global optical ceramics market, by end-use

On the basis of application, the optics & optoelectronics segment is projected to grow at the highest rate during the optical ceramics market forecast period, owing to increase in aerospace, the defense & security application segment is likely to hold tremendous opportunities for the growth.

Optical Ceramics Market
By End-use

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Optics & Optoelectronics is projected as the most lucrative segment.

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Optical ceramics market, by region 

Region wise, Asia-Pacific is expected to have the highest growth during the forecast period, owing to growth in the optics and optoelectronics industry in emerging economies. Asia-Pacific is expected to register the highest CAGR of 13.7%.

Optical Ceramics Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Key Benefits For Stakeholders

  • 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 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, & optical ceramics market 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.

Impact of COVID-19 on the global optical ceramics market

The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world. Construction & infrastructure is one of the most affected sectors, owing to lockdown announced in several countries. Lockdown has affected several construction and infrastructure projects due to supply chain disruptions and unavailability of workers.

Since the advent of the pandemic, the optics & optoelectronics, aerospace & defense and security, and energy sectors witnessed a severe decline. As a result, demand for optical ceramics in the construction sector is decreasing, thereby affecting the optical ceramics market growth.

Optical Ceramics Market Report Highlights

Aspects Details
By Material
  • Sapphire
  • Aluminum Oxynitride
  • Spinel
  • Yttrium Aluminum Garnet
  • Others
By End-Use
  • Optics & optoelectronics
  • Aerospace & defense and security
  • Energy
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, Spain, Italy, France, Rest of Europe)
  • Asia-Pacific  (India, China, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players American Elements, CeraNova, CeramTec, CoorsTek, Konoshima Chemicals, Kyocera, Saint- Gobain, Schott AG, Surmet Corporation, II-VI Aerospace & Defense
 

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This section provides insights of top-level CXOs. According to CXOs, the optical ceramics market is moving toward growth stabilization phase in its industry life cycle. Factors driving growth of the market for optical ceramics include rise in demand for optics & optoelectronics and aerospace and defense & security industry.

Optical ceramic is a crystalline advanced industrial material with outstanding optical transparency in ultraviolet, visible, and infrared wavelengths up to about 5 m. A special powder processing procedure is used to create optical ceramics. The ability to produce competitively priced and large-sized materials for large-area detection is a benefit of optical ceramics. Transparent ceramics designed for high-energy radiation detection, infrared domes, lasers, optical cables, and armors.

Asia-pacific is expected to contribute majority of the market share in 2020, in terms of volume, owing to high adoption of optical ceramics across various application industries. High adoption of optical ceramics in optoelectronics, semiconductors, and the aerospace industry propels the market growth.

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FREQUENTLY ASKED QUESTIONS?

A. High growth potential in Asia-Pacific and GCC countries as well as increase in investments in aerospace and defense & security sector are expected to create remunerative opportunities for the expansion of the global market during the forecast period.

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.

A. Asia-Pacific region will provide more business opportunities for optical ceramics market in coming years

A. CeraNova, CeramTec, CoorsTek, Konoshima Chemicals, Kyocera, Saint- Gobain, Schott AG, Surmet Corporation are the top players in optical ceramics market.

A. End-use segment holds the maximum share of the optical ceramics market

A. Optics & optoelectronics, aerospace and defense & security, energy application are the potential customers of Geotechnical Services industry

A. The manufacturing of these ceramics is cost-effective as compared to the substitutes present in the market, which is projected to be the key factor driving the growth of the global optical ceramics market.

A. Increasing production and growing demand for new aircraft in the aerospace sector is expected to trigger the growth of the market.

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