The global ceramic substrates market revenue is expected to register a moderate CAGR over the forecast period. Various advantages associated with use of ceramic substrates coupled with increasing create demand for ceramic substrates in various applications thereby drives growth of the market over the forecast period. In addition, increasing demand for use of ceramic substrates over traditional metal substrates is another factor expected to propel growth of market over the forecast period.
The global ceramic substrates market report has been segmented on the basis of product type, application, and region. Based on product type, the target market is segment based on alumina, aluminum nitride, silicon nitride, beryllium oxide, and others (silicon carbide and zirconia). The alumina segment is expected to account for major revenue share of market and register a CAGR of XX.X% over the forecast period.
Based on application, the target market is segmented based on consumer electronics, automotive, telecom, industrial, military & avionics, and others (medical and space & satellite). The automotive segment is expected register fastest growth rate over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes for significant market share in terms of revenue in global ceramic substrate market and is expected to maintain its dominance over the forecast period. Asia Pacific is expected to register highest growth rate over the forecast period. Increasing demand for ceramic substrates in countries such as the China and Japan, owing rapidly growing automotive industry is major factor expected to drive growth of market in the region over the forecast period. Market in North America is expected to register a second highest CAGR of XX.X% over the forecast period.
Some prominent players in the global ceramic substrates markets Kyocera, Coorstek, Ceramtec, Maruwa Co. Ltd., KOA Corporation, Yokowo Co., Ltd., Tong Hsing Electronic Industries, Leatec Fine Ceramics Co., Ltd., Nikko ceramics, Inc., and ICP Technology Co., Ltd.