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Advanced Ceramics Market to Reach $74.8 Billion, Globally, by 2033 at 4.8% CAGR: Allied Market Research

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The growing demand in electronics and electricals is set to drive the growth of the advanced ceramics market, as these materials offer superior properties like high thermal stability, durability, and electrical insulation, making them ideal for cutting-edge technological applications.

PORTLAND, Ore., Aug. 8, 2024 /PRNewswire/ — 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.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/5750 

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.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/advanced-ceramics-market

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.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/advanced-ceramics-market/purchase-options 

Leading Market Players: –

3MAGC Inc.Applied CeramicsBlasch Precision CeramicsCeramTec GmbHCOIC International, IncCoorsTek Inc.Corning IncorporatedInternational 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.

Similar Reports:

Medical Ceramics Market: Global Opportunity Analysis and Industry Forecast, 2020-2030Transparent Ceramics Market: Global Opportunity Analysis and Industry Forecast, 2021-2030Thermal Ceramics Market: Global Opportunity Analysis and Industry Forecast, 2020-2027Cumene Market: Global Opportunity Analysis and Industry Forecast, 2021-2030Pressure Sensitive Adhesives Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Technology

Desay SV Collaborates with Qualcomm to Deliver New Intelligent AI Cabin Platform Powered by Snapdragon Elite Automotive Platforms

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Highlights:

New Desay SV G10PH is designed to support superior computing, graphics, and advanced AI-enabled cabin products for automotive OEMs, ensuring cutting-edge performance and functionality.The G10PH is engineered for real-time decision-making, adaptive responses, and proactive assistance to create tailored and intuitive driving experiences.Collaboration is built on a strong and long-term working relationship, marked by the successful development of innovative cabin platforms for global automakers.

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Desay SV and Qualcomm Technologies, Inc. held a joint signing ceremony at CES today to commemorate the companies’ co-innovation to deliver Desay SV’s next-generation intelligent cabin platform, the G10PH. Desay SV and Qualcomm Technologies have a strong long-term relationship focused on developing innovative cabin solutions, which are now integrated into millions of vehicles across the globe. Building on this, the companies will collaborate on the G10PH intelligent cabin platform powered by Qualcomm Technologies’ Snapdragon® Cockpit Elite platform. 

The G10PH harnesses the advanced artificial intelligence (AI) capabilities, superior computing and high-definition graphics of the Snapdragon Cockpit Elite platform to push the boundaries of automotive technology. With the Snapdragon Cockpit Elite’s state-of-the-art Qualcomm Oryon™ CPU, Qualcomm® Hexagon™ NPU for accelerated AI performance and improved Qualcomm® Adreno™ GPU, this cutting-edge system provides automakers with the tools to deliver a smart, intuitive, and personalized experience for drivers and passengers*. Additionally, the G10PH enables real-time decision-making, adaptive responses, and proactive assistance, creating an exclusive intelligent cabin assistant that is finely tuned to users’ habits. Every vehicle utilizing the G10PH will feature seamless user interface and support personalized features designed to enhance comfort and convenience befitting a premium user-centric driving experience. 

“At the new inflection point of ‘Software-Defined Vehicle’ and ‘AI-Defined Vehicle,’ Desay SV, together with Qualcomm Technologies, launched the premium AI intelligent cabin platform G10PH, which marks another technological revolution in the process of intelligent cabin and is an important example of Desay SV leading the development of cabin intelligence upgrade,” said Jian Xu, CEO of Desay SV. “We hope that this platform will give a strong impetus to the intelligent transformation of global automotive manufacturers, reshape the new ecosystem of future mobility, and accelerate the realization of the era of intelligent mobility.”

“The automotive industry is on the brink of a new era of intelligent transformation, driven by software and AI. Qualcomm Technologies and Desay SV have built a robust foundation of collaboration, and with our combined expertise in intelligent cockpits and we are excited about the new products featuring Snapdragon Cockpit Elite,” said Nakul Duggal, group general manager, automotive, industrial, and cloud, Qualcomm Technologies, Inc. “These innovations will enable automakers to deliver more advanced AI features and experiences to consumers, setting a new standard in the industry.”

Intelligent cockpit is the carrier of various sensing and interaction technologies, and it reflects the state of development in intelligent vehicle technology. According to KPMG’s analysis, China’s intelligent cabin market will reach RMB212.7 billion in 2026, with a compound annual growth rate of about 17% from 2022 to 2026, and the penetration rate is expected to increase from 59% to 82%. According to the “Smart Cockpit Assembly Data List for January-September 2024” by Gasgoo Automotive Research Institute, Desay SV holds the leading position in the market with an assembly volume of 630,492 units, accounting for 15.5% of the market share.

###

About Desay SV

Desay SV (002920.SZ) is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 39 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem collaborators, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress. 

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

Qualcomm, Snapdragon, Qualcomm Oryon, Hexagon and Adreno are trademarks or registered trademarks of Qualcomm Incorporated.

*All performance targets are compared to previous generation, based on preliminary internal testing, and subject to change upon final validation. 

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SOURCE Desay SV

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VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

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TORONTO, Jan. 10, 2025 /PRNewswire/ — The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, enabling real day-to-day utility, while solving current frictions for all Bitcoiners globally today. 

 

Verified Bitcoin (vBTC) enables anyone the ability to save, spend, withdraw, borrow, lend, mint & transfer media / documents, and vault actual Bitcoin with on-chain recovery features eliminating the need for third-parties or hardware wallets, through a feature rich simple text smart contract. This incredibly unique Bitcoin token provides for enhanced privacy with near-instant transaction finality, all with near-zero fees. Verified Bitcoin tokens are transferable in any denomination completely peer-to-peer, so long as they have a native Bitcoin balance and always maintain a fully decentralized and non-custodial evergreen 1:1 peg. This means that 1 vBTC will always equal 1 BTC and token owners may withdraw their underlying Bitcoin anytime with a ‘one-click’ multisig action or off-ramp the token itself, in whole or in part, at any participatory liquidity provider.

This empowering development will inevitably help provide congestion relief for the Bitcoin network, dramatically reduce Bitcoin holders cost of ownership and transfers, enable media embedding, and increase self-custodial security exponentially, adding immediate utility to holders of the largest digital asset class. It is anticipated that Verified Bitcoin may also help facilitate additional native scarcity with Total Value Vaulted (TVV) over time on VerifiedX Vaults.

VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets.

For Further Inquiries:
Website: https://verifiedx.io/
Discord: https://discord.gg/7cd5ebDQCj
Twitter (X)): https://twitter.com/vfxblockchain
Github: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io

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Ratehub Inc. launches a new personal loans marketplace powered by its LoanFinder tool

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Canadian financial technology company launches a personal loans marketplace, simplifying borrowing for Canadians and helping members manage debt better

TORONTO, Jan. 10, 2025 /CNW/ – Ratehub Inc., a leading Canadian financial technology company, has launched a new personal loans marketplace as part of its mission to empower Canadians with the tools and resources to make confident financial decisions.

This launch brings Ratehub closer to its vision of becoming Canada’s go-to source and one-stop shop for all personal finance products. With LoanFinder, Ratehub’s custom-built tool, members can easily explore and compare a range of loan options tailored to their unique needs. Members can quickly secure pre-approval for the best rates, saving both time and money—all within one easy-to-use platform.

“Our launch into personal loans is an important milestone towards achieving our vision of being the one-stop shop for all consumers’ financial needs – spend, save, borrow, invest, and protect,” said Naga Parvatharajan, CEO of Ratehub Inc. “LoanFinder, is a game-changer for Ratehub members. It uses our own data and credit bureau information to pre-approve you for the best loan offers, all without impacting your credit score. We’re thrilled to be working with Fig Financial and Spring Financial as our first partners to bring Canadians simpler borrowing options and help them manage debt better.”

Ratehub members will benefit from:

Comprehensive loan marketplace: Best pre-approved offers through LoanFinder matched to the lender, maximizing members’ approval odds without impacting their credit scoresSeamless digital experience: A fast, fully digital loan application process from the convenience of members’ homesFinancial education: Access to expert articles and resources to guide members on what to look for when selecting loansTransparency: Clear and unbiased information to help members make informed decisionsValue: Save money by refinancing credit card debt, reducing monthly payments, funding home improvement projects, or other needs

“In today’s challenging financial environment, it’s more important than ever to provide the tools and resources that help Canadians make confident decisions,” said Natasha Macmillan, Director of Everyday Banking at Ratehub.ca. “Our goal is to support every Ratehub member based on their financial needs and journey. Our launch of personal loans will allow members to navigate these products and empower them to make well-informed decisions.”

Currently offering comparisons for personal loans, Ratehub’s ultimate goal is to provide a complete range of loan types, with personalized recommendations that help members find the perfect match for their eligibility and financial situation. Ratehub is committed to helping Canadians find their best borrowing option based on their unique financial needs, and ultimately empowering them to manage debt better and take control of their financial future.

About Ratehub Inc.
Ratehub Inc. is the one-stop shop for all consumer finance needs – Save, Spend, Borrow, Invest and Protect. We connect Canadians to the best financial tools, advice, and products on the market through our financial product comparison site and mortgage brokerage, Ratehub.ca, mortgage lender, CanWise, insurance brokerage, RH Insurance, and personal finance website, MoneySense. Millions of Canadians visit Ratehub.ca and MoneySense every year to get personalized recommendations on the best mortgage rates, credit cards, savings accounts, GICs, and insurance products. To learn more, visit www.ratehub.ca or www.canwise.com or www.rhinsurance.ca or www.moneysense.ca.

SOURCE Ratehub Inc.

SOURCE Ratehub Inc.

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