Growth Drivers
Challenges
The global transparent ceramics market is anticipated to record a significant CAGR throughout the forecast period, i.e. 2020-2028.The growth is attributed tothe superior mechanical properties of transparent ceramics combined with the rising usage in various industries such as defense, optics, aviation, and mechanical & chemical industries among others.
The market is segmented byproduct type, material, application, and by end-user out of which, the product type is further segmented intomonocrystalline transparent ceramics, polycrystalline transparent ceramics, and others. The monocrystalline transparent ceramics is estimated to be the largest as well as the fastest-growing segment over the forecast period owing to its high optical transparency, high chemical and physical stability, low absorption in the infrared range, and high mechanical strength among others.
Based on end-user, the optics & optoelectronics segment is projected to holdthelargest market share in the global transparent ceramics market during the forecast period on account of therising demand fortransparent ceramics to manufacture mvarious products such as optical switches, lenses, laser systems, infrared night vision devices, and others. The aerospace, defense & security segment is also anticipated to grow at a significant rate during the forecast period in view of the rising defense and aviation expenditure in various countries to implement innovative technologies and material. CLICK TO DOWNLOAD SAMPLE REPORT
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
20.7% |
Base Year Market Size (2024) |
USD 1.01 billion |
Forecast Year Market Size (2037) |
USD 11.66 billion |
Regional Scope |
|
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?