The report predicts the global Ceramic Substrates Market to grow with a CAGR of 6.44% over the forecast period from 2022-2031.
“Increasing use of ceramic substrates as an alternative to metals & alloys is driving the growth of the ceramic substrates market”
The ceramic substrates market is estimated to be USD 6.35 billion in 2022 and is projected to reach USD 8.68 billion by 2031, at a CAGR of 6.44% from 2022 to 2031. The growth of the market is attributed to the increasing use of ceramic substrates as an alternative to metals and alloys. The increasing demand for compact microelectronics packaging solutions is another significant factor driving the growth of the ceramic substrates market. However, high procurement and raw material costs are expected to negatively affect the market growth.
“The alumina segment is expected to dominate the ceramic substrates market by 2031”
Alumina substrates are the most widely used ceramic substrates as they meet all the requirements of insulating materials for applications in electrical & electronics engineering. Alumina substrates are widely used in thick and thin film applications as they are an inexpensive option as compared to other ceramic substrates.
“Asia Pacific is expected to account for the largest share of the ceramic substrates market and is also to grow at the highest CAGR between 2022 and 2031”
On the basis of region, the ceramic substrates market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is estimated to account for the major share of the ceramic substrates market by 2022, owing to the increase in consumption from various developing economies, such as China, India, and South Korea.
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The Asia Pacific ceramic substrates market is also projected to grow at the highest CAGR between 2022 and 2031. The demand for ceramic substrates is increasing in this region on account of the growing manufacturing base of various end-use industries.
Breakdown of primaries:
Primary interviews were conducted with a number of industry experts to collect information related to the ceramic substrates market.
The breakdown of primary interviews is depicted below:
- By Company: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
- By Designation: C Level – 21%, Director Level – 23%, and Others – 56%
- By Region: North America – 30%, Europe – 18%, Asia Pacific – 41%, and South America and Middle East & Africa – 11%
Key companies supplying ceramic substrates are:
- Kyocera (Japan)
- Murata Manufacturing (Japan)
- CoorsTek (US)
- Ceram Tec (Germany)
- Maruwa (Japan)
- Tong Hsing Electronic Industries (Taiwan)
- LEATEC Fine Ceramics (Taiwan)
- Nikko Company (Japan)
- KOA Corporation (Japan)
- Yokowo (Japan)
- NGK Spark Plug Co. (Japan)
- ENRG Inc. (US)
- Nippon Carbide Industries (Japan)
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This report segments the ceramic substrates market on the basis of product type, end-use industry, and region, and provides estimations for the overall value of the market and its subsegments across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key growth strategies, and recent developments (such as expansions, new product & technology launches, acquisitions, partnerships, agreements, and joint ventures) associated with the ceramic substrates market.
Reasons to buy the report:
This report will help leaders/new entrants in this market in the following ways:
- Have a better understanding of the ceramic substrates market
- Provide information on key market drivers, restraints, challenges, and opportunities
- Gain insights regarding competitors and their positions in the ceramic substrates market
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