The optical ceramics market is expected to grow at a CAGR 14.29% rate during the forecast period.
Growth in niche applications consuming optical ceramics across the world, coupled with efficient and superior properties of optical ceramics, are expected to drive the market.By material type, Sapphire material is projected to be the fastest-growing segment of the overall optical ceramics market during the forecast period, followed by yttrium aluminum garnet (YAG) is placed at the second position. Increasing demand in emerging applications including gas turbine engines, high intensity lamps, cathode ray tube, and manufacturing of lasers are expected to drive its growth in the optical ceramics market.
Optical ceramics’ end-use industries are optics & optoelectronics, aerospace and defense & security, energy, and others (medical imaging). Optical ceramics is witnessing increased usage in the optics & optoelectronics segment as alternatives such as glasses & halides, sulfides, and selenides, have limited scope in this segment. Therefore, the demand for polycrystalline ceramics is increasing owing to their superior mechanical and optical property.
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1. Optical Ceramics Market, By Type
1.1. Monocrystalline Optical Ceramics
1.2. Polycrystalline Optical Ceramics
2. Optical Ceramics Market, By Material, By Form
2.1. Sapphire
2.2. Aluminum Oxynitride
2.3. Spinel
2.4. Yttrium Aluminum Garnet (YAG)
2.5. Others
3. Optical Ceramics Market, By End-Use Industry
3.1. Optics & Optoelectronics
3.2. Aerospace and Defense & Security
3.3. Energy
3.4. Others
4. Optical Ceramics Market, By Region
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. Rest of World
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