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Report Overview
The global automotive ceramics market was valued at USD 2.62 Billion in 2023. The industry is expected to expand at a CAGR of 5.40% during the forecast period of 2024-2032 to attain a value of USD 4.21 Billion by 2032. Lightweight and high-performance materials drive a significant engine that benefits manufacturers in the automotive ceramics market. This is because lightweight materials ensure fuel efficiency, reduce emissions, and improve vehicle durability. Such stringent environmental regulations and increased adoption of electric vehicles contribute to such an engine.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In the first quarter of 2024, electric vehicle sales reached almost 3.5 million units globally, which reflects the growing trend of electrification in the automotive industry. This has increased the demand for automotive ceramics as they are used in EV components such as power modules, inverters, and charging systems, thereby increasing the market size.
- China sold close to 1.9 million EVs during January to March 2024, with a growth of 35% year on year. Being the largest EV market, growth in China continues to fuel automotive ceramics demand for components such as ceramic insulators, thermal management materials, and sensors to the benefit of manufacturers focusing on advanced EV technologies.
- Automotive ceramics are critical in EVs for electrical insulation, prevention of shorts, and improvement in energy efficiency in battery management systems. As automakers look for safer and longer-lasting EV components, the demand for ceramic-based materials increases, thus supporting the sustained revenue growth in the automotive ceramics market.
Automotive Ceramics Market Growth
Key drivers for the market include the emergence of growing demand for lightweight materials for improved fuel efficiency and reduced emissions, advances in electric vehicle technology requiring high-performance materials, and a growing need for durable and heat-resistant components. The continuous pressure for innovation in safety features for automobiles-advanced braking systems and sensors among others-is also driving the growth of the automotive ceramics market. Alternatively, there's increased interest in sustainability and decreased environmental footprint wherein the materials of ceramics last longer and require less maintenance than traditional products.
With the growing wave of autonomous vehicles, advanced ceramics are involved in critical sensor systems, including LIDAR, radar, and cameras. Advanced ceramics help ensure the longevity and performance of sensors used in autonomous systems. NGK Insulators Ltd. develops ceramic components used in sensor modules for autonomous vehicles, placing the company in a strategic position to take off with this niche, high-growth market based on the increasing focus on technological advances of self-driving vehicles.
Automotive Ceramics Market Report Snapshots
Automotive Ceramics Market Size
Automotive Ceramics Market Growth
Automotive Ceramics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.62 Billion.
The automotive ceramics market is assessed to grow at a CAGR of 5.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.21 Billion by 2032.
The major market drivers are beneficial properties of ceramics such as strength, density, and stability, increasing demand for light weight vehicles, and versatile applications of ceramics.
The key trends of the market are and research and development activities by key players, production of low-cost technologies, and changes in manufacturer preference.
The competitive landscape consists of Kyocera, Morgan Advanced Materials plc, Saint-Gobain Ceramics, CeramTec GmbH, NGK Spark Plug Co., Ltd., and Ceradyne Inc., among others.
Automotive ceramic refers to ceramics that are designed for applications in automotive components.
The material types for automotive ceramics include alumina oxide ceramics, titanate oxide ceramics, and zirconia oxide ceramics, among others.
The primary applications of automotive ceramics in the market are automotive engine parts, automotive exhaust systems, and automotive electronics, among others.
By end use, the market is bifurcated into passenger vehicles and commercial vehicles.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124