Optical Ceramics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 -Posted by Statzy Market Research on April 11th, 2021 Optical ceramics offer high transmission over the Visible-MWIR wavelength range, excellent refractive index homogeneity, and outstanding environmental durability. - Technological advancements and innovations in the defense and security industry, such as body armours and helmets as well as vehicles and aircrafts have been some of the significantly encouraging factors for the market. - Optical ceramics are relatively lightweight and have strong durability. These features attract many industries. Some companies have started offering optical ceramics with several customization features such as embedded conductive grids, specialty coatings, tight dimensional tolerance, etc. The biggest advantage of optical ceramics market is the possibility of reasonably priced and large-sized materials. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497379/optical-ceramics-market - In the aerospace and defense segment, optical ceramics are used for advanced optical domes, conformal optical windows, and transparent armor. Sapphire is the most commonly used optical ceramic material in this segment. Materials such as magnesium aluminate spinel, polycrystalline alumina, and yttrium oxide are used for manufacturing optical windows in the aerospace industry. - The defense aerospace sector will witness an increase in investments, as security threats increasingly burden governments. Increasing production and growing demand for new aircraft in the aerospace sector is expected to trigger the growth of the market. - Companies such as CeraNova have developed and continues to improve innovative and cost-effective manufacturing processes for spherical and aspheric components made from ceramics. These include hemispherical domes for legacy missile systems as well as aerodynamic dome geometries for next-generation platforms. The advanced optical ceramic materials developed by CeraNova provide high strength, abrasion resistance, and extended operating temperature range for a wide range of next-generation aerospace and defense systems. - Rising security threats in China are expected to increase the national spending on defense, which may, in turn, directly affect the market, positively, during the forecast period. - Additionally, China has the world’s largest electronics production base. Electronic products, such as smartphones, tablets, tempered glasses, etc., have the highest growth in the electronics segment. The country not only serves the domestic demand for electronics but also exports electronic output to other countries. - Furthermore, the Indian government announced an increase of over INR 3 lakh crore, for the fiscal year 2019-2020, in its interim budget. Additionally, with an aim to boost India's defense production, the country has planned to manufacture 200 helicopters with Russian collaboration, for the intensification and diversification of their strategic ties. - Therefore, with the increasing demand and government initiative in various sectors in the region, the demand for optical ceramics will surge during the forecast period. - June 2018 - Kyocera set up a new manufacturing plant for ceramic microelectronic packages in Kagoshima, Japan. This new facility, which Kyocera plans to make operational in August 2019, will bring a 25% increase in the company's total production capacity for ceramic packages and allow the company to expand production for other items depending on future needs.
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