New York, NY -- (SBWIRE) -- 02/04/2021 -- Optical ceramics are the transparent polycrystalline materials, and it is also used as an alternate of single-crystal scintillators. It is one of the transparent ceramics. Optical Ceramics are formed by the process of ceramic fabrication. The fabrication technique takes less time than that of the single crystals. The market has its applications in the aerospace, defense and security, energy, optics & optoelectronics, sensors and instrumentations, consumer goods, and healthcare segment. The market is estimated to reach USD 552.3 Million by 2026 at a significant CAGR of 15.3%, from USD 148 Million in the year 2018.
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Leading Players Profiled in the Report Include:
Saint-Gobain, Surmet Corporation, CeraNova, CeramTec, Kyocera and Schott AG.
Market Drivers
The market is propelled due to the growing consumption of optical ceramics in niche applications, continuously increasing superior properties and efficiency of the optical ceramics; they are generally light in weight and has strong durability. The comparative large-sized products and cost-efficiency of the product are the major reasons of the population getting attracted towards the product. The market is restrained due to less availability of skilled laborers for the work in the optical ceramics industries for the production of optical ceramics.
Regional Analysis
On the basis of regional terminology, the market is distributed amongst North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region held the largest market share in terms of revenue and is estimated to witness significant market growth during the forecast period. Market growth is driven by increased growth in optics and optoelectronic industries in developing economies.
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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
Europe
Asia Pacific
Middle East & Africa
Latin America
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Durability and Strength constraints of glass.
Chapter 4. Optical Ceramics Segmentation & Impact Analysis
4.1. Optical Ceramics Segmentation Analysis
4.2. Optical Ceramics Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Optical Ceramics Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Better strength and durability
4.4.1.2. Launch of improved products
4.5. Key opportunities prioritized
4.6. Optical Ceramics Pricing Analysis
4.7. Industry analysis - Porter's
4.8. Optical Ceramics PESTEL Analysis
Continued…
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