The global Optical Ceramics market was valued at USD 148 Million in 2018 and is expected to reach USD 552.3 Million by year 2026, at a CAGR of 15.3 %. The study the genre of advanced materials with focus on Optical Ceramics. Optical Ceramics are one of the types of Transparent Ceramics. They are transparent polycrystalline materials that can be used as an alternative to single crystals scintillators. Polycrystalline materials are solids that are comprised of a collection of crystallites (grains), separated from another by areas of relative disorder known as grain boundaries. Optical ceramics are advanced industrial materials that have been developed for use in optical applications.
Optical Ceramics Market Size – USD 148 Million in 2018, Market Growth - CAGR of 15.3%, Market Trends – Continuous research and development and launch of improved quality products.
The advantage of optical ceramics is the possibility of production of reasonably priced and large sized materials for large area detection. They derive their utility from their response to infrared, optical and ultraviolet light. Optical Ceramics are made of several types of materials. Each of this type is meant for a specific and a unique purpose. For instance, optical ceramics made from Spinel are optically transparent from near-ultraviolet through mid-wave infrared frequencies. On the other hand, 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 optical ceramics market growth is attributed to the increasing use of optical ceramics in aerospace industry and in defense and security industry.
Increased application of optical ceramics in optics and optoelectronics, aerospace and defense and security industries due to its enhanced strengths and durability and its new found application in medicals are some of the factors contributing to the CAGR in the forecasted period.
Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/1532
Further key findings from the report suggest
Optical ceramics are made of several kinds of materials such as Sapphire, Aluminum Oxynitride, Spinel and Yttrium Aluminum Garnet. Each type of optical ceramic has a different and a distinct property. The optical ceramics offer high transmission over the Visible-MWIR wavelength range, excellent refractive index homogeneity, and outstanding environmental durability. These are fairly light weight and have a strong durability. These features attract many industries.
Optical ceramics made of the material Sapphire is expected to grow at a CAGR of 16.1% followed by Spinel with a CAGR of 15.9% due to the increasing research and development in the sectors.
The optical ceramics market is witnessing significant growth due to the growing demand for optical ceramics in medical applications and the need for reducing the cost of production by deploying optical ceramics in high-temperature applications.
Technological advancements and innovations in defense and security industry, such as, body armors and helmets as well as vehicles and aircrafts have been some of the significantly encouraging factors for the market. The continuous research and development in this field to increase the scope for applications and develop new products has led to achieving better efficiencies. The increased application of optical ceramics in aerospace and defense and security industries has been one of the driving factors.
Optics and Optoelectronics are expected to register the highest CAGR of 17.8% as glasses have limited scope in the segment.
Asia Pacific is expected to have the highest growth in the forecasted period owing to the growth in optics and optoelectronics industry in emerging economies. Asia Pacific is expected to register the highest CAGR of 16.2%.
Some companies have started offering optical ceramics with several customization features such as embedded conductive grids, specialty coatings, tight dimensional tolerance etc.
Key players of the market include companies such as Saint-Gobain, Surmet Corporation, CeraNova, CeramTec, Kyocera and Schott AG.
Get A Discount On This Report: https://www.reportsanddata.com/discount-enquiry-form/1532
For the purpose of this report, Reports and Data has segmented the Optical Ceramics market on the basis of materials, application and region:
Material (Revenue, USD Million; 2016–2026)
Aluminum oxynitride
Spinel
Yttrium Aluminum Garnet
Sapphire
Application (Revenue, USD Million; 2016–2026)
Aerospace, Defense and Security
Energy
Optics & Optoelectronics
Sensors and instrumentation
Consumer goods
Healthcare
Regional Outlook (Revenue in USD Million; 2016–2026)
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/optical-ceramics-market
How does our report help you?
By providing well-researched insights based on trends observed in the sector
By defining and analyzing the current market scenario
By identifying promising growth prospects and growth rate of major market segments and sub-segments
By examining business verticals and products available in the industry, to draw insights from the competitive dynamics of the market
By undertaking effective strategic planning and industry dynamics to facilitate constructive decision-making.
The report emphasizes the following key questions:
What are the most lucrative and promising growth prospects for the market?
Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Which geographies are estimated to exhibit the highest growth and the underlying causes?
Which factors are impacting the future of the market and what are the driving factors?
What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
Thank you for reading this report. For further details relating to different aspects of the report or customization of the content, feel free to contact us. To get detailed information of the entire global market, or information for any specific requirements, reach out to us and we will customize the report as per your needs.
About Us:
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.
Read More Related Reports :