The global automotive ceramics market size was evaluated to be $1.75 billion in 2018. And, with the trend of electric vehicles and autonoumus vehicles settling in and moving towards commoditization, demand in the market is estimated to be progressing at a global CAGR of 5.1% during the forecast period of 2019 - 2025. Apart from automotive electronics, the market is witnessing impetus from the increasing demand of automotive sensors as well. Autonomous features such as blind spot monitor, advanced driver-assistance systems and lane departure warning system have emerged as common practices employed in vehicles. Hence, the demand ceramic sensor components including oxygen sensor, pressure sensor, proximity sensors, and capacitive sensors is impacting the automotive ceramic market size.Download Sample Report @ www.industryarc.com/pdfdownload.php?id=500287
APAC leads the global automotive ceramic market demand as India and China pace up their ‘electric mobility’:
APAC is reckoned to be the leading region globally in terms of automotive ceramic market demand, as the region in 2018 generated 40% of the global demand share. This lucrative trade in APAC is attributable to the strong presence of globally leading automotive manufacturers in India, China, and Japan.
Some facts supporting the argument-
The trend of electric vehicles in the automotive sector in APAC is adding impetus to its automotive ceramics market. In 2018, the global electric car fleet exceeded 5.1 million units with China alone witnessing sales of nearly 1.1 million units. And it also led the global electric car stock with 2.3 million (approximately 50%) units. By 2030, China and Japan is estimated to secure 1st and 3rd position in global EV market. Not just EVs, even the contemporary ICE engine vehicles manufacturers are implementing ‘light weight design’ to enhance fuel efficiency of vehicles. The overall automotive market in APAC is flourishing as well with growth rate in India (+7.98%), Indonesia (+10.31%), and Malaysia (+12.18%).
After an acute analysis of the application segment of automotive ceramics market the major verticals are categorized into automotive exhaust systems, automotive engine parts, and automotive electronics. Further analysis estimates the automotive engine parts to be fastest growing application segment, progressing with an application CAGR of 4.8% during the forecast period of 2019 – 2025. The lead of this segment is attributed to the cumulative application of advanced automotive ceramics in glow plugs, high-pressure pumps, valves, spark plugs, electronic fuel pumps, and sealing & insulation rings.
Automotive Ceramics Market Companies:
The companies with majority of the automotive ceramics market share are Kyocera Corporation, CeramTec, NGK Ceramics USA Inc., NGK Spark Plug's Group, CoorsTek, Inc., Morgan Advanced Materials, Saint-Gobain Ceramics & Plastics, Inc., Ibiden Co., Ltd., Ceradyne Incorporated, and Corning Incorporated.
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