Million Insights
Market Research Released A New Research Report On Global Transparent Ceramics
Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
Pune, India: Oct. 30,
2019 - Transparent Ceramics Market size is
anticipated to reach USD 1.1 billion by 2024. It is projected to expand at a
CAGR of 22.4% over the forecast period on account of its increasing demand from
various application sectors as an alternative for traditional glass
technologies in numerous functions for instance armors, optical fibers, lasers
and infrared domes.
The increasing emphasis on deployment cutting and laser
tools is enhancing the transparent ceramics market globally. In addition,
growing penetration of transparent ceramics on account of its excellent
properties as compared with conventional ceramics is presumed to fuel the
expansion over the forecast period.
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The aerospace, defense & security sector accounted for
22.3% of the overall market share in the year 2015. The sector is anticipated
to witness a speedy growth over the next eight years on account of increasing
expenditure in this sector for new advancements.
Transparent ceramics are used for manufacturing windows,
hemispherical domes and armors for missiles. The constant rise in the
expenditure for the improvement of aerospace & defense segment,
specifically in the Middle East, is presumed to fuel the overall growth.
The optics & optoelectronics industry is anticipated to
garner revenues worth USD 302.40 million by the year 2024. The product is
utilized in CCDs, CMOS, transmitter, couplers and image & display sensors
on a large scale, as a result optics & optoelectronics application sector
is expected to garner the highest revenue share over the forecast period.
The monocrystalline transparent ceramics accounted for over
53.4% of the total revenue share in the year 2015. They are projected to witness
augmented growth over the forecast period.
Asia Pacific accounted for approximately 45.0% of the total
market share in the year 2015. The demand in this region is fueled by the
increasing application of the product on account of its excellent properties.
In addition, the rising demand for iron & steel and defense sectors owing
to rapid industrialization is presumed to boost the overall growth.
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Report visit @ https://www.millioninsights.com/industry-reports/transparent-ceramics-market
Market Segment:
Transparent Ceramics Material Outlook (Revenue, USD Million, 2013 -
2024)
•
Sapphire
• Yttrium Aluminum Garnet
• Aluminum Oxynitride
• Spinel
• Others
Transparent Ceramics Product Outlook (Revenue, USD Million, 2013 -
2024)
• Monocrystalline
• Polycrystalline
• Others
Transparent Ceramics Application Outlook (Revenue, USD Million, 2013 -
2024)
• Optics & Optoelectronics
• Aerospace, Defense & Security
• Mechanical/Chemical
• Sensors & Instrumentation
• Healthcare
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