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Advanced Ceramics Market to Reach $74.8 Billion, Globally, by 2033 at 4.8% CAGR: Allied Market Research
Allied Market Research published a report, titled, “Advanced Ceramics Market by Material (Alumina, Titanate, Zirconate, Ferrite, Aluminum Nitride, Boron Carbide, Silicon Nitride, Silicon Carbide and Others), Type (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings and Others), and End-Use Industry (Electrical and Electronics Chemical Others, Transportation, Medical, Defense and Security, Chemical and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the advanced ceramics market was valued at $47.2 billion in 2023, and is estimated to reach $74.8 billion by 2033, growing at a CAGR of 4.8% from 2024 to 2033.
Prime determinants of growth
The global advanced ceramics market is experiencing growth due to increase in demand for durable and high-performance materials in electronics, automotive, aerospace, and healthcare industries. However, high production costs associated with advanced ceramics hinder the market growth to some extent. Moreover, the increase in focus on renewable energy sources, such as wind and solar power presents additional opportunities for the advanced ceramics market.
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Report coverage and details:
Report Coverage
Details
Forecast Period
2024–2033
Base Year
2023
Market Size in 2023
$47.2 billion
Market Size in 2033
$74.8 billion
CAGR
4.8 %
No. of Pages in Report
300
Segments Covered
Material, Type, End-Use Industry and Region.
Drivers
Growing demand in electronics and electricals
Rising environmental and energy efficiency standards
Opportunity
Increasing demand from medical and dental applications
Restraint
High production costs
Alumina segment is expected to maintain its dominance by 2033
By material, the alumina segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The increasing demand for alumina material in the advanced ceramics market can be attributed to several key factors. Alumina offers exceptional mechanical properties, such as high hardness, strength, and wear resistance, making it ideal for applications requiring durability and reliability, such as in automotive components, electronics, and cutting tools. Secondly, alumina exhibits excellent thermal conductivity and resistance to high temperatures, making it suitable for use in extreme environments, including aerospace and industrial heating systems. In addition, the growing focus on sustainable and eco-friendly materials has spurred interest in alumina, which is abundant and recyclable, further driving its demand in the advanced ceramics market.
Monolithic ceramics segment is expected to maintain its dominance by 2033
By type, the monolithic ceramics segment held the highest market share in 2023 and is estimated to dominate during the forecast period. The increasing demand for monolithic ceramics in the advanced ceramics market is driven by their exceptional mechanical properties, high-temperature stability, and resistance to wear, corrosion, and thermal shock. Industries such as aerospace, automotive, and electronics favor monolithic ceramics for their durability and reliability in extreme conditions. In addition, their use in medical applications, such as dental implants and prosthetics, is growing due to their biocompatibility. The push for energy efficiency and environmental sustainability also boosts demand, as monolithic ceramics contribute to developing cleaner technologies and more efficient energy systems. These factors collectively fuel the market expansion.
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Electrical and electronics segment is expected to maintain its dominance by 2033
Based on end-use industry, the electrical and electronics segment held the highest market share in 2023 and is estimated to dominate during the forecast period. The increasing demand for advanced ceramics in the electrical and electronics industry is driven by several factors. Advanced ceramics offer superior thermal stability, electrical insulation, and resistance to wear and corrosion, making them ideal for high-performance electronic components. In addition, the miniaturization of electronic devices requires materials that can maintain performance at reduced sizes, a characteristic of advanced ceramics. The growth of renewable energy technologies and electric vehicles also boosts demand, as these ceramics are essential in batteries and power electronics. Furthermore, the rising adoption of 5G technology increases the need for advanced ceramics in communication devices and infrastructure.
Asia-Pacific is expected to experience the fastest growth throughout the forecast period
Based on region, Asia-Pacific was the fastest-growing region in terms of revenue in 2023. The increasing demand for advanced ceramics in the Asia-Pacific region is driven by several key factors. Rapid industrialization and urbanization have fueled the need for durable and high-performance materials in sectors like electronics, automotive, and construction. The rise of renewable energy projects, such as wind and solar power, also boosts the demand for advanced ceramics due to their thermal stability and electrical insulation properties. In addition, technological advancements and increased investment in research and development are leading to the production of sophisticated and cost-effective ceramic materials, further expanding their applications and driving market growth in the region.
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Leading Market Players: –
3M
AGC Inc.
Applied Ceramics
Blasch Precision Ceramics
CeramTec GmbH
COIC International, Inc
CoorsTek Inc.
Corning Incorporated
International Ceramic Engineering, Inc.
KYOCERA Corporation
The report provides a detailed analysis of these key players in the global advanced ceramics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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The post Advanced Ceramics Market to Reach $74.8 Billion, Globally, by 2033 at 4.8% CAGR: Allied Market Research appeared first on HIPTHER Alerts.
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SUBBD and Luna PR Join Forces to Shape the Future of AI-Powered Content Creation
SUBBD, an AI-powered content creation platform designed to empower digital creators, is proud to announce its strategic partnership with Luna PR, a global marketing and communications agency specialising in web3 and emerging technologies. This collaboration aims to accelerate SUBBD’s mission of empowering digital creators by leveraging advanced AI and blockchain technology.
Luna PR will leverage its extensive web3 expertise to support SUBBD with comprehensive communications strategies, social media management, and targeted marketing campaigns. With a proven track record of over 600 successful projects since 2017 and a presence in four key global cities, Luna PR is uniquely positioned to elevate SUBBD’s brand presence and community engagement.
Maral Nouri, COO of Luna PR, stated: “As content creators ourselves, we understand the importance of staying ahead in today’s fast-paced digital landscape. Our partnership with SUBBD reflects this vision, empowering creators to effortlessly push boundaries and become trendsetters. SUBBD’s transformative platform equips creators with advanced AI tools to stay ahead of the curve, and we’re excited to support this evolution in content creation.”
Gabrielle Taylor, CEO of SUBBD, commented: “Partnering with Luna PR marks a significant step in our journey to transform the content creation industry. Luna PR’s expertise and strategic insights make them the ideal partner as we expand our platform and continue to support creators in maximising their potential through AI-powered solutions.”
SUBBD is transforming content creation with its AI-powered platform, designed to empower digital creators by enhancing autonomy, improving monetisation, and building deeper audience connections. By developing proprietary AI solutions, SUBBD is redefining how content is created, managed and monetised. With features like AI Personal Assistant, AI-driven content creation, blockchain security, and advanced analytics, SUBBD is pushing boundaries to help creators maximise their potential in the digital creator economy.
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[2024 Pujiang Innovation Forum] Highlights of WeStart2024
As an integral part of the 17th Pujiang Innovation Forum, WeStart2024 was held at Dongjiao State Guest Hotel and Zhangjiang Science Hall, Shanghai from September 7 to 10. Under the theme of “Refactoring & Renewal”, this year’s conference focused on sci-tech entrepreneurship and investment, aiming to create a global entrepreneurship investment platform that bridges projects with capital. This platform leverages capital to bolster sci-tech innovation and economic transformation. The four-day event boasted two main forums, one symposium, 13 roadshow marathons, and multiple industry sharing sessions. Renowned investment agencies like CICC, Zero2IPO, and Shenzhen Capital Group were invited to delve into the innovative investment landscape, exploring avenues for global collaboration, building a new paradigm of entrepreneurship investment, and stimulating new drivers to sci-tech innovation.
Let’s review the highlights.
Shanghai has been fortifying its position as a global sci-tech innovation center by intensifying element concentration, enhancing functions and services, and cultivating a comprehensive sci-tech ecosystem. This has turned Shanghai into a heaven for entrepreneurship and a magnet for investment. WeStart2024 brought together government bodies, experts, scholars, venture firms at home and abroad, sci-tech businesses, and nearly 1,000 audience professionals to discuss entrepreneurship investment and create an ecosystem for sci-tech innovation together through diverse sci-tech innovation stakeholders, transforming this ecosystem from a strategic blueprint into reality.
On September 8, WeStart2024 kicked off with main forums, featuring 13 keynote speeches and two roundtable dialogues. Key sci-tech finance terms such as “patient capital”, “fundraising, investment, management and exit”, “investment in early-stage, small, long-term and hard technologies”, “angel investment”, and “high-quality development of the capital market” were frequently mentioned, becoming the focal point of discussions and highlighting the future development of sci-tech finance. The roundtable dialogues unveiled the latest sci-tech investment opportunities and delved into trends, current statuses, and strategies of sci-tech entrepreneurship investment amidst new situations and transformative environments.
The exhibition hall housed a Start-ups Exhibition Zone, showcasing nearly 20 TOP100 roadshow projects and products and the investment ecosystems and achievements of three to five leading venture firms through the linkage of the Entrepreneur Joint Exhibition Zone, the Investment Institution Zone, and the One-to-One Negotiation Zone. There were boards briefing on typical sci-tech businesses in the fields of biomedicine and AI. Social scenes for entrepreneurship investment were also offered to facilitate direct communication between projects and investors.
WeStartTOP100, a new addition to the Startup in Shanghai International Innovation and Entrepreneurship Competition, was launched in June. It selected 100 projects from over 2,000 global entries for on-site roadshows during the conference. The four-day event featured 13 marathon project roadshows with over 100 projects, focusing on six key areas: three in hard tech—biomedicine, artificial intelligence, and advanced manufacturing—and three in future industries—future information, future materials, and future energy.
A special roadshow for universities was also held, where Shanghai-based universities, including Shanghai Jiao Tong University, ShanghaiTech University, University of Shanghai for Science and Technology, Shanghai University of Engineering Science, Shanghai Ocean University, East China Normal University, Shanghai University, and Shanghai Polytechnic University, displayed high-quality research projects. Focusing on exchanges and investment and financing matchmaking in cutting-edge interdisciplinary areas and core technologies in key fields, this roadshow further propelled the commercialization of S&T outcomes in universities. The special roadshow for Hong Kong University of Science and Technology introduced top-notch innovative projects from Hong Kong universities to Shanghai, fostering a new chapter for sci-tech cooperation between the two cities.
In particular, the conference prioritized global vision and international cooperation. During the international roadshow, high-quality projects from countries and regions like France, Germany, Hungary, Zimbabwe, and Morocco, as well as Hong Kong (China), were selected to compete. This facilitated interaction between domestic and foreign entrepreneurship investment resources and explored new paths for global collaboration. A 365-day “never-ending” global entrepreneurship investment cooperation and matchmaking mechanism was established to effectively link international sci-tech innovation talent, technology, capital, and market, empowering the sound development of sci-tech entrepreneurship investment.
Furthermore, the conference collaborated with leading players in entrepreneurship investment, Shanghai State-owned Capital Investment Co., Ltd. and CICC Capital, to open special roadshows. Leveraging the expertise and resources of investment agencies, these roadshows directly linked both sides of entrepreneurship investment, working with numerous sci-tech players on-site to explore high-quality projects and fully support entrepreneurs.
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Tata Electronics and Tokyo Electron Limited (TEL) Announce Strategic Partnership to Grow Semiconductor Ecosystem in India
Tata Electronics today signed a memorandum of understanding with Tokyo Electron Limited (TEL), a leading global supplier of semiconductor equipment and services. The two companies will collaborate to accelerate semiconductor equipment infrastructure for India’s first Fab being built by Tata Electronics in Dholera, Gujarat, and for its assembly and test facility in Jagiroad, Assam.
Through this partnership, Tata Electronics and TEL will also focus on training Tata Electronics’ workforce on TEL equipment and supporting ongoing improvement and R&D initiatives. This collaboration will leverage the strengths of both companies to establish a robust semiconductor manufacturing ecosystem in India.
As previously announced, Tata Electronics is building India’s first Fab in Dholera, Gujarat, with a total investment of INR 91,000 crores (~US$11bn). In addition, another INR 27,000 crores (~US$3bn) will be invested in a greenfield facility in Jagiroad, Assam, for the assembly and testing of semiconductor chips. Together, these facilities will produce semiconductor chips for applications across automotive, mobile devices, artificial intelligence (AI), and other key segments to serve customers globally. As the construction of these facilities progresses, it is critical to grow partnerships across the entire semiconductor ecosystem, spanning process and design technology, as well as equipment suppliers. With this announcement of the partnership with TEL, Tata Electronics has solidified a critical pillar to achieve its execution targets.
Dr Randhir Thakur, Managing Director & CEO, Tata Electronics, said, “We have a bold vision of becoming a leader in electronics manufacturing by offering integrated solutions across the value chain to our global customers. TEL has a history of working closely with its customers, and its expertise in the semiconductor equipment space will help build a dynamic ecosystem to support the timely execution of bringing up our Fab and advanced packaging factories. We are excited about the customer centricity that TEL brings to this partnership.”
Toshiki Kawai, President & CEO of Tokyo Electron Limited, emphasised, “We are delighted to announce our partnership with Tata Electronics, which brings together our combined expertise and resources to strengthen the semiconductor ecosystem in India significantly. This strategic collaboration spans both front-end fabrication and back-end packaging technologies, highlighting our commitment to delivering exceptional support and value to Tata Electronics. By leveraging our collective strengths, we aim to accelerate development and drive innovation across multiple technology nodes. Together, we are poised to set new benchmarks in the industry, fostering a robust and dynamic semiconductor landscape that will benefit all stakeholders.”
TEL is committed to supporting the Indian semiconductor ecosystem. Both the front-end and back-end product groups will provide resources and technology support to bring advanced TEL products to the Indian market. TEL will lead this effort by also offering diversified products for the MAGIC market (MAGIC—Metaverse, Autonomous Mobility, Green Energy, IoT & Information, Communications). TEL will actively explore opportunities to leverage India’s talent to establish an engineering service in India to support its global product development.
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