Boom in Semiconductor and Electronics Industry Augmenting Sales of Electroceramics

The rapid expansion of the semiconductor and electronics industry is one of the major factors responsible for the mushrooming sales of electroceramics across the world. This is because electroceramics are extensively used for manufacturing electronic devices and semiconductors such as data storage devices, sensors and actuators, power distribution devices, and capacitors. Electroceramics are technologically feasible and have the ability to maintain economic viability and optimize size and space constraints in various final products such as computers, laptops, and smartphones.

This is why they are increasingly being used for manufacturing electronic appliances. Apart from the growth of the semiconductor and electronics industry, the boom in the automotive industry is also positively impacting the demand for electroceramics across the globe. The ballooning sales of automobiles in various countries such as Argentina, Brazil, India, Thailand, and Russia are pushing up the requirement for electroceramics, on account of the fact that these materials are extensively used in various vehicular systems and sensors.

They are used in oxygen sensors, spark plugs, knock sensors, and combustion sensors in automobiles. Moreover, the vehicles that run on internal combustion engines such as cars, motorcycles, commercial vehicles, low-engine power vehicles, and boats/ships use these systems and sensors to monitor qualitative and key performance indicators in automobiles. Due to these factors, the demand for electroceramics is growing sharply all over the world. This is driving the advancement of the global electroceramics market.

When application is taken into consideration, the electroceramics market is classified into data storage devices, capacitors, optoelectronic devices, sensors and actuators, radio frequency devices, resonators, and powder distribution devices. Out of these, the capacitors category registered the highest growth in the market in the years gone by. This was because of the high requirement for these systems in storage and power transmission components in appliances, industrial grade electronic devices, and consumer devices.

Hence, it is safe to say that the demand for electroceramics will shoot up all over the world in the upcoming years, primarily because of their ballooning utilization in the automotive and semiconductor and electronics industries and the rapid expansion of these industries in several countries.

Source: www.psmarketresearch.com