Ceramic Substrates Market
PUBLISHED: 2022 ID: SMRC21366
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Ceramic Substrates Market

Ceramic Substrates Market Forecasts to 2028 – Global Analysis By Product (Alumina Substrates, Aluminum Nitride), Application (Bearing, Chip Resistor, Electronic Circuit Manufacturing), End User (Aerospace & Defense, Automotive, Consumer Electronics) and By Geography

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4.4 (35 reviews)
Published: 2022 ID: SMRC21366

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $7.02 BN

Projected Year Value (2028)

US $12.03 BN

CAGR (2021 - 2028)

8.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Ceramic Substrates Market is accounted for $7.02 billion in 2021 and is expected to reach $12.03 billion by 2028 growing at a CAGR of 8.0% during the forecast period. A ceramic substrate is a wetted surface, which is microscopically rough. Ceramic substrates are materials that consist of metal, non-metal, metalloid atoms, and inorganic compounds, and are generally categorized into crystalline ceramic substrates and noncrystalline ceramics. Ceramic substrates are known for their high thermal conductivity, electrical insulation, resistance, and stability in high temperature.



Market Dynamics:

Driver:

Growing Need for Innovative Architecture and Reduction Of Electronic Devices


Prompt R&D and technological advancements have created a demand for reliable and compact electronic devices. This has led to the growing demand for miniaturized electronic devices. Many electronic products have become more advanced with the development of semiconductor technology that required the use of hybrid circuits, which are embedded in ceramic substrates. Miniaturization is one of the three benefits provided by ceramic substrates: the other two being hermetic sealing and heat conduction. The incorporation of thin-film ceramic substrates has led to the miniaturization of many electronic devices such as smartphones, tablet personal computers, e-book readers, and video cameras, which are composed of a wide variety of hybrid circuits. Initially, glass epoxy resin substrates were used as hybrid circuit substrates. Ceramic substrates technology helped in reducing the size of electronic devices by scaling down the electrical hybrid circuits. The growing demand for these electronic devices is expected to play a major role in driving the market.

Restraint:

Instability in Raw Material Prices


As aluminum is the raw material for various electronic materials including ceramic substrates such as aluminum nitride and alumina the prices of these can vary owing to the variation in raw material prices. The global aluminum demand seemed affected with the automotive and aerospace sectors, in particular, feeling the full force of the downturn.

Opportunity:

Rising Demand for Nanotechnology and High-End Computing System


As it is used in have an extensive range of applications in the electrical & electronics sector. Increasing usage of semiconductors, microfabrication, and surface science has created new growth opportunities for the market. Nanomaterials, nanopillars, nanoparticles, nanorods, and others are used in the field of medicine, space, and energy & power. All these applications require ceramic substrates because of their properties such as high wear, temperature, and corrosion resistance. All these factors provide growth opportunities to the ceramic substrates market.

Threat:

Availability of Substitute


One of the major threats for the ceramic substitutes market is the easy availability of substitutes for ceramic inks. The alternatives to ceramic inks include ultraviolet (UV) curing inks, organic inks, and electron beam inks.

Automotive segment is expected to be the largest during the forecast period

The components used in automobiles such as electronic substrates and displays; converters and filters; heat sinks and resistors cores; and valve components contain several ceramic parts. The excellent mechanical strength and durability of ceramic substrates make it a suitable product for automotive and other end-user industries. The growth of the automotive sector indicates the growing demand for ceramic products.

The Alumina Substrates segment is expected to have the highest CAGR during the forecast period

Alumina is the most widely used advanced oxide ceramic material, which has a wide range of applications. The parts for alumina substrates are manufactured using the technologies: uniaxial (die) pressing, isostatic pressing, injection molding, extrusion, and slip casting. It is characterized by high strength and hardness, high wear and corrosion resistance, and temperature stability. Alumina substrates meet all the requirements of insulating materials for applications in electrical & electronics engineering. Alumina substrates are widely used in thick and thin-film applications as they are an inexpensive option as compared to other ceramic substrates.

Region with highest share:

The Asia Pacific is projected to hold the highest market share due to the major region of the ceramic substrate market. The Asia Pacific is anticipated to be a rapidly growing province of the ceramic substrate market, due to the high demand for electronic products in developing countries in the area. China is expected to become the largest market for electronics and semiconductor products over the coming years. According to the Industry, Science, and Technology International Strategy Center (ISTI), the production value of Taiwan’s semiconductor industry is anticipated to grow substantially, owing to the increasing demand for integrated circuit (IC) devices for artificial intelligence applications. Together, China and Japan account for a prominent share of the market in the province.

Region with highest CAGR:

Europe is projected to have the highest CAGR, primarily, due to the gradual shift of the manufacturing industry to countries with higher demand and lower production costs. The financial crisis also had a significant impact on the European manufacturing industries which are still recovering, leading to relatively stagnant demand for ceramic substrates. The market players are emphasizing increasing the production of oxide ceramics in Europe, which is driving the market for ceramic substrates.



Key players in the market:

Some of the key players profiled in the Ceramic Substrates Market include Advanced Substrate Microtechnology Corporation, Asahi Glass Co., Ltd., Beijing Asahi Glass Electronics Co., Ltd., CeramTec GmbH, Chaozhou Three-Circle (Group) Co., Ltd., CoorsTek, Inc., Ecocera Optoelectronics Ltd., ICP Technology Co., Ltd., Koa Corporation, Kyocera Corporation, LEATEC Fine Ceramics Co., Ltd, Maruwa Co., Ltd., Murata Manufacturing Co., Ltd., Nikko Company, Nippon Carbide Industries Co.,Inc., TA-I TECHNOLOGY CO., LTD., Toshiba Materials Co., Ltd.

Key developments:

In January 2018: AGC Asahi Glass (AGC), a world-leading manufacturer of glass, chemicals and high-tech materials, launched a diverse line of glass substrates specifically designed for semiconductor packaging applications and semiconductor manufacturing process support.

In February 2019: Toshiba Materials partnered with Heraeus Electronic. Under this term of the partnership, the companies jointly develop and produce metal ceramic substrates made of silicon nitride (Si3N4), for use in high-performance electronics.

Products Covered: 
• Alumina Substrates
• Aluminum Nitride
• Silicon Nitride
• Beryllium Oxide
• Alumina
• Other Products 

Applications Covered:
• Bearing
• Chip Resistor
• Electronic Circuit Manufacturing
• Engine Components
• Heat Resistant
• Insulation
• Light-Emitting Diode (LED)
• Metal Working Tools
• Medical Devices
• Thermal Conductivity
• Wireless Modules 

End Users Covered:
• Aerospace & Defense
• Automotive
• Consumer Electronics
• Electrical & Electronic
• Entertainment Electronics
• Medical and Healthcare
• Military & Avionics
• Navigation
• Optoelectronics
• Power Electronics
• Semiconductor (Sensors)
• Space & Satellite
• Telecommunication
 
Sale Channels Covered:
• Distribution Channel
• Direct Channel

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary 
  
2 Preface 

 2.1 Abstract
 2.2 Stake Holders
 2.3 Research Scope
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
  
3 Market Trend Analysis 
 3.1 Introduction
 3.2 Drivers
 3.3 Restraints
 3.4 Opportunities
 3.5 Threats
 3.6 Product Analysis
 3.7 Application Analysis
 3.8 End User Analysis
 3.9 Emerging Markets
 3.10 Impact of Covid-19
  
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry
  
5 Global Ceramic Substrates Market, By Product 
 5.1 Introduction
 5.2 Alumina Substrates
 5.3 Aluminum Nitride
 5.4 Silicon Nitride
 5.5 Beryllium Oxide
 5.6 Alumina
 5.7 Other Products
  5.7.1 Silicon Carbide
  5.7.2 Zircon
  
6 Global Ceramic Substrates Market, By Application 
 6.1 Introduction
 6.2 Bearing
 6.3 Chip Resistor
 6.4 Electronic Circuit Manufacturing 
 6.5 Engine Components
 6.6 Heat Resistant
 6.7 Insulation
 6.8 Light-Emitting Diode (LED)
 6.9 Metal Working Tools
 6.10 Medical Devices
 6.11 Thermal Conductivity
 6.12 Wireless Modules
  
7 Global Ceramic Substrates Market, By End User 
 7.1 Introduction
 7.2 Aerospace & Defense
 7.3 Automotive
 7.4 Consumer Electronics
 7.5 Electrical & Electronic
 7.6 Entertainment Electronics
 7.7 Medical and Healthcare
 7.8 Military & Avionics
 7.9 Navigation
 7.10 Optoelectronics
 7.11 Power Electronics
 7.12 Semiconductor (Sensors)
 7.13 Space & Satellite
 7.14 Telecommunication
  
8 Global Ceramic Substrates Market, By Sales Channel 
 8.1 Introduction
 8.2 Distribution Channel
 8.3 Direct Channel
  
9 Global Ceramic Substrates Market, By Geography 
 9.1 Introduction
 9.2 North America
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
 9.3 Europe
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
 9.4 Asia Pacific
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
 9.5 South America
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
 9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa
  
10 Key Developments 
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers
 10.3 New Product Launch
 10.4 Expansions
 10.5 Other Key Strategies
  
11 Company Profiling 
 11.1 Advanced Substrate Microtechnology Corporation
 11.2 Asahi Glass Co., Ltd.
 11.3 CeramTec GmbH
 11.4 Chaozhou Three-Circle (Group) Co., Ltd.
 11.5 CoorsTek, Inc.
 11.6 Ecocera Optoelectronics Ltd.
 11.7 ICP Technology Co., Ltd.
 11.8 Koa Corporation
 11.9 Kyocera Corporation
 11.10 LEATEC Fine Ceramics Co., Ltd
 11.11 Maruwa Co., Ltd.
 11.12 Murata Manufacturing Co., Ltd.
 11.13 Nikko Company
 11.14 Nippon Carbide Industries Co.,Inc.
 11.15 TA-I TECHNOLOGY CO., LTD.
 11.16 Toshiba Materials Co., Ltd.


List of Tables  
1 Global Ceramic Substrates Market Outlook, By Region (2020-2028) (US $MN)  
2 Global Ceramic Substrates Market Outlook, By Product (2020-2028) (US $MN)  
3 Global Ceramic Substrates Market Outlook, By Alumina Substrates (2020-2028) (US $MN)  
4 Global Ceramic Substrates Market Outlook, By Aluminum Nitride (2020-2028) (US $MN)  
5 Global Ceramic Substrates Market Outlook, By Silicon Nitride (2020-2028) (US $MN)  
6 Global Ceramic Substrates Market Outlook, By Beryllium Oxide (2020-2028) (US $MN)  
7 Global Ceramic Substrates Market Outlook, By Alumina (2020-2028) (US $MN)  
8 Global Ceramic Substrates Market Outlook, By Other Products (2020-2028) (US $MN)  
9 Global Ceramic Substrates Market Outlook, By Silicon Carbide (2020-2028) (US $MN)  
10 Global Ceramic Substrates Market Outlook, By Zircon (2020-2028) (US $MN)  
11 Global Ceramic Substrates Market Outlook, By Application (2020-2028) (US $MN)  
12 Global Ceramic Substrates Market Outlook, By Bearing (2020-2028) (US $MN)  
13 Global Ceramic Substrates Market Outlook, By Chip Resistor (2020-2028) (US $MN)  
14 Global Ceramic Substrates Market Outlook, By Electronic Circuit Manufacturing  (2020-2028) (US $MN)  
15 Global Ceramic Substrates Market Outlook, By Engine Components (2020-2028) (US $MN)  
16 Global Ceramic Substrates Market Outlook, By Heat Resistant (2020-2028) (US $MN)  
17 Global Ceramic Substrates Market Outlook, By Insulation (2020-2028) (US $MN)  
18 Global Ceramic Substrates Market Outlook, By Light-Emitting Diode (LED) (2020-2028) (US $MN)  
19 Global Ceramic Substrates Market Outlook, By Metal Working Tools (2020-2028) (US $MN)  
20 Global Ceramic Substrates Market Outlook, By Medical Devices (2020-2028) (US $MN)  
21 Global Ceramic Substrates Market Outlook, By Thermal Conductivity (2020-2028) (US $MN)  
22 Global Ceramic Substrates Market Outlook, By Wireless Modules (2020-2028) (US $MN)  
23 Global Ceramic Substrates Market Outlook, By End User (2020-2028) (US $MN)  
24 Global Ceramic Substrates Market Outlook, By Aerospace & Defense (2020-2028) (US $MN)  
25 Global Ceramic Substrates Market Outlook, By Automotive (2020-2028) (US $MN)  
26 Global Ceramic Substrates Market Outlook, By Consumer Electronics (2020-2028) (US $MN)  
27 Global Ceramic Substrates Market Outlook, By Electrical & Electronic (2020-2028) (US $MN)  
28 Global Ceramic Substrates Market Outlook, By Entertainment Electronics (2020-2028) (US $MN)  
29 Global Ceramic Substrates Market Outlook, By Medical and Healthcare (2020-2028) (US $MN)  
30 Global Ceramic Substrates Market Outlook, By Military & Avionics (2020-2028) (US $MN)  
31 Global Ceramic Substrates Market Outlook, By Navigation (2020-2028) (US $MN)  
32 Global Ceramic Substrates Market Outlook, By Optoelectronics (2020-2028) (US $MN)  
33 Global Ceramic Substrates Market Outlook, By Power Electronics (2020-2028) (US $MN)  
34 Global Ceramic Substrates Market Outlook, By Semiconductor (Sensors) (2020-2028) (US $MN)  
35 Global Ceramic Substrates Market Outlook, By Space & Satellite (2020-2028) (US $MN)  
36 Global Ceramic Substrates Market Outlook, By Telecommunication (2020-2028) (US $MN)  
37 Global Ceramic Substrates Market Outlook, By Sales Channel (2020-2028) (US $MN)  
38 Global Ceramic Substrates Market Outlook, By Distribution Channel (2020-2028) (US $MN)  
39 Global Ceramic Substrates Market Outlook, By Direct Channel (2020-2028) (US $MN)  
  
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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