Transparent Ceramics Market size is anticipated to reach USD 1.1 billion by 2024.

The increasing emphasis on deployment cutting and laser tools is enhancing the transparent ceramics market globally. In addition, growing penetration of transparent ceramics on account of its excellent properties as compared with conventional ceramics is presumed to fuel the expansion over the forecast period. The product consists of materials which are transparent under the electromagnetic wave as well as UV and IR light. Some of its materials provide multipurpose and special properties which are appropriate for lasers and scintillators.

Application Insights

The aerospace, defense & security sector accounted for 22.3% of the overall market share in the year 2015. The sector is anticipated to witness a speedy growth over the next eight years on account of increasing expenditure in this sector for new advancements.

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Transparent ceramics are used for manufacturing windows, hemispherical domes and armors for missiles. The constant rise in the expenditure for the improvement of aerospace & defense segment, specifically in the Middle East, is presumed to fuel the overall growth. The optics & optoelectronics industry is anticipated to garner revenues worth USD 302.40 million by the year 2024. The product is utilized in CCDs, CMOS, transmitter, couplers and image & display sensors on a large scale, as a result optics & optoelectronics application sector is expected to garner the highest revenue share over the forecast period.

Product Insights

The monocrystalline transparent ceramics accounted for over 53.4% of the total revenue share in the year 2015. They are projected to witness augmented growth over the forecast period. The polycrystalline transparent ceramics are expected to witness the fastest growth over the forecast period on account of its increasing application scope such as armors, laser equipment and optoelectronic devices.

Material Insights

The demand for spinel is anticipated to witness a rapid growth over the next eight years on account of its increasing application for manufacturing defense industry related products. The polycrystalline structure of the material enables it to be a commercially feasible option for application in spinel.

Sapphire accounted for 41.30% of the total revenues in the year 2015. The material segment is presumed to continue its dominance over the next eight years on account of its rising usage in electronics & semiconductor industry. Yttrium aluminium garnet (YAG) is projected to grow at a moderate rate on account of its increasing application in defense vehicles and optic devices. The material segment is expected to garner a market share of around 22.1% by the year 2024.

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