Ceramic substrate market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The growing demand for ceramic substrates in the end-user industries such as consumer electronics, automotive, and telecommunication is the key factor driving the growth of the global ceramic substrate market. The increment in the utilization of these substrates as options in contrast to metals and combinations is further contributing to the market growth. 

Synteris is developing 3D-printable ceramic packaging for power electronic modules to improve their thermal management, power density, performance, and lifetime. Existing power modules contain flat ceramic substrates that serve as both the electrically insulating component and thermal conductor that transfer the large heat outputs of these devices. Synteris proposes an additive manufacturing process that would replace the traditional insulating metalized substrate, with an additively manufactured ceramic packaging that acts as both an electrical insulator and heat exchanger for better thermal management. Such developments are anticipated to restrain the market growth.

After the pandemic, the global electronics industry has faced a dual impact. The production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. On the other hand, various e-commerce companies across the globe have discontinued the delivery of non-essential items (including most electronics products), which is affecting the electronics industry. COVID-19 has also disrupted the global supply chain of major electronic brands. 

Segmental Outlook 

The global ceramic substrate market is segmented by product type and end-user industry. The market segmentation based on the product type includes alumina, aluminum nitride, silicon nitride, and beryllium oxide. Based on the end-user industry, the market is segmented into consumer electronics, automotive, telecom, industrial, and military & avionics.

Based on end-user industry, the market is segmented into consumer electronics, automotive, telecom, industrial, military & avionics. Consumer electronics held a major market share based on the end-user industry. Ceramic substrate plays an essential role in the manufacturing of consumer electronics. Semiconductor manufacturers use ceramic substrates such as alumina and aluminum nitride owing to their properties such as hard and resistance to wear, strong acid and alkali at high temperatures, good thermal conductivity, extremely high bulk resistivity, very low dielectric constant, and loss tangent among others. Therefore, the growing consumer electronics industry is anticipated to drive the growth of this market segment. 

Regional Outlooks

The global ceramic substrate market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is expected to hold a considerable share in the global ceramic substrate market, owing to the presence of key market players in the region is making a considerable contribution to the market share. The developed automobile industry of the region is further expected to flourish with the growth of the ceramic substrate market in the region.

Global Ceramic Substrate Market Growth, by Region 2022-2028

Asia-Pacific to Exhibit Significant Growth in Ceramic substrate Market

Asia-Pacific is anticipated to exhibit significant growth in the market during the forecast period. The growing presence of end-user industries such as consumer electronics, automobile, and military among others across the region is a key factor driving the regional market. Rapid investment in the development of novel electronic products along with the availability of major market players such as Samsung Electronics Co. Ltd. are some other prominent factors contributing to the regional market growth. According to the Federation of Hong Kong Industries, China has the largest consumer electronics manufacturing bases across the globe. Japan is considered an advanced technological hub as it continuously invests in the R&D sector of the consumer electronics industry. The significant presence of the consumer electronics industry in the region is anticipated to support the growth of the ceramic substrate market in the region.

Market Players Outlook

The major companies serving the global ceramic substrate market include Kyocera Corp., Murata Manufacturing Co. Ltd., Coorstek Inc., Ceramtec, and Maruwa Co. Ltd. among others. The companies are focusing on technology advancements, expansions, mergers and acquisitions, partnerships, collaborations, and finding a new market or innovation in their core competency to expand individual market share. For instance, in May 2019, Aliaxis SA signed an agreement to divest its ceramic business to KYOCERA Fineceramic GmbH. The major motive behind the divest is to align its business offering with the market’s key players across the globe.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global ceramic substrate market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.