Research Nester published a report titled “Automotive Ceramics Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global automotive ceramics in terms of market segmentation by material, application, vehicle type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive ceramics market is anticipated to grow with a CAGR of 6.1% during the forecast period, i.e. 2024-2036. The market is segmented by vehicle type into passenger cars, commercial vehicles, and others. Out of these, the passenger cars segment is anticipated to garner the highest market share by 2036, owing to its increased sales and production worldwide. As per International Organization of Motor Vehicle Manufacturers (OICA), in 2021, 49 million new passenger cars were sold and 57 million passenger cars were produced across the globe.
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The global automotive ceramics market is estimated to garner a noteworthy revenue by the end of 2036. Automotive ceramics are increasingly being incorporated in the automotive industry in recent years. Being highly utilized in components such as sensors, spark plug insulators, and catalyst supports for emission controls, automotive ceramics are being used in place of metal, alloy, and plastic components. The production of battery-powered vehicles and increasing demand from electronic applications in the automotive industry is expected to contribute profoundly to the market growth during the forecast period.
Geographically, the global automotive ceramics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the largest market share by the end of 2036, on the back of increased sales and production of vehicles. International Organization of Motor Vehicles, stated that the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region was 42,663,736 units in 2021, a rise from 40,322,544 in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rise in Demand and Sales of Automobiles to Drive the Market Growth
Increasing demand for electronics applications in vehicles is anticipated to augment the growth of the automotive ceramics over the coming years. Automotive ceramics are utilized in various applications such as automotive sensors, LED & substrates, arc tubes, and spark plugs. Electronic components and sensors are essential in vehicles to manage information and run the systems, such as ASR and ABS. Thus, an increase in production rate of automobiles is expected to drive the market growth.
However, the increased concerns regarding capital intensive development along with high final costs of the product and rising governmental policies regarding carbon dioxide emission is expected to operate as key restraint to the growth of the global automotive ceramics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive ceramics market which includes company profiling of KYOCERA Corporation, CeramTec GmbH, NGK Spark Plug Co., Ltd, CoorsTek, Inc., Morgan Advanced Materials plc, Saint-Gobain Ceramics & Plastics, Inc., Ibiden Co., Ltd., Corning Incorporated, Murata Electronics North America, Inc., Aearo Technologies LLC., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive ceramics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Access our detailed report at: https://www.researchnester.com/reports/automotive-ceramics-market/4493
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