The report "Ceramic Substrates Market by Product Type (Alumina, Aluminum Nitride, Silicon Nitride, Beryllium oxide), End-use Industry (Consumer Electronics, Automotive, Telecom, Industrial, Military & Avionics), and Region - Global Forecast to 2022",

The ceramic substrates market is projected to grow from USD 6.35 Billion in 2017 to USD 8.68 Billion by 2022, at a CAGR of 6.44% during the forecast period. The growth of this market is mainly driven by increased demand for ceramic substrates in various end-use industries owing to their superior properties, such as high wear resistance, longer life, and excellent thermal management.
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The objectives of the report are as follows:
• To estimate and forecast the ceramic substrates market size, in terms of value and volume
• To provide detailed information regarding the major factors (drivers, opportunities, and challenges) influencing the growth of the market
• To define, describe, and forecast the market size by product type, end-use industry, and region
• To forecast the size of the market with respect to five main regions (along with key countries of each region), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To track and analyze recent developments such as new product launch, expansion, collaboration, partnership, agreement & joint venture, and acquisition in the market
• To strategically profile the key market players and comprehensively analyze their core competencies

The ceramic substrates market has been segmented on the basis of product type, end-use industry, and region. On the basis of product type, the alumina segment leads the ceramic substrates market due to the suitability of alumina substrate in a number of application areas as well as its low cost as compared to other ceramic substrates.

On the basis of end-use industry, the ceramic substrates market has been classified into consumer electronics, automotive, telecom, industrial, military & avionics, medical, and space & satellite. The automotive segment is projected to grow at the highest CAGR between 2017 and 2022. High reliability; excellent thermal, mechanical, and dimensional stability; and high thermal conductivity make ceramic substrates a suitable choice for automotive manufacturers.

Based on region, the ceramic substrates market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is the largest market for ceramic substrates and is expected to continue leading the market till 2022.

Asia Pacific is also projected to be the fastest-growing market for ceramic substrates, driven by the high demand for electronic products from the region’s developing countries. The growth of the ceramic substrates market in Asia Pacific is mainly driven by China and Japan, which together account for the largest share of the market in this region. The ceramic substrates market in China has grown exceptionally and is expected to witness further growth in the near future due to the continuous transfer of worldwide ceramic substrates production facilities in this country.

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The ecosystem of the ceramic substrates market comprises manufacturers of ceramic substrates, such as Kyocera (Japan), Murata Manufacturing (Japan), CoorsTek (US), Ceram Tec (Germany), Maruwa (Japan), Tong Hsing Electronic Industries (Taiwan), LEATEC Fine Ceramics (Taiwan), Nikko Company (Japan), KOA Corporation (Japan), and Yokowo (Japan); and end user industries, such as ETI (Slovenia), SST Sensing (Scotland), Emerson Electric (US), B/E Aerospace (US), and Siemens (Germany).
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