“One of the key factors responsible for the soaring demand for transparent ceramics is the increasing aircraft production in several countries around the world”. In addition to this, the surging investments being made in defense procurement and defense industry, on account of the rising terror activities and growing concerns regarding security and defense, are contributing massively toward the rising requirement of transparent ceramics throughout the world. In many countries, there has been a significant rise in fighter aircraft procurement rates over the last few years.
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“Besides their use in the production of defense aircrafts, transparent ceramics are also extensively used in commercial aircraft manufacturing”. The increasing commercial aircraft production all over the world, because of the rising passenger footfall, especially in various European and Southeast Asian countries, is causing a sharp surge in the sales of transparent ceramics. For example, “the number of aircraft orders received by The Boeing Company rose from 806 in 2018 to 893 in January 2019”. Due to this massive rise in aeroplane orders, the demand for transparent ceramics also increased across the world.
Hence, with the increasing manufacturing of aircrafts, the global transparent ceramics market will exhibit tremendous growth between 2020 and 2030. In simpler terms, transparent ceramics are defined as polycrystalline materials having certain light transmittance, that are harder, stronger, and have greater corrosion resistance as compared to the glass materials and optical resin. Electrical and electronics, aerospace and defense, medical, and energy are the main end users of transparent ceramics. Out of these, the usage of these materials is predicted to be very high in aerospace and defense applications in the future years.
Geographically, the transparent ceramics market has been categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). The market in APAC is expected to account for a significant share throughout the forecast period. This can be ascribed to the high government spending on the defense sector, owing to a rise in security threats. For instance, in February 2020, the Indian government allocated $66.9 billion (INR 4,71,378 crore) to the defense sector, for the fiscal year 2020–2021, which is a significant hike from the allocation of $44.5 billion (INR 3,18,000 crore) for the fiscal year 2019–2020. In addition, as per Stockholm International Peace Research Institute (SIPRI), the U.S. defense spending stood at $649 billion, which was more than the next seven countries combined (China, Saudi Arabia, India, France, Russia, U.K., and Germany).
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https://www.psmarketresearch.com/market-analysis/transparent-ceramics-market/report-sample
“Besides their use in the production of defense aircrafts, transparent ceramics are also extensively used in commercial aircraft manufacturing”. The increasing commercial aircraft production all over the world, because of the rising passenger footfall, especially in various European and Southeast Asian countries, is causing a sharp surge in the sales of transparent ceramics. For example, “the number of aircraft orders received by The Boeing Company rose from 806 in 2018 to 893 in January 2019”. Due to this massive rise in aeroplane orders, the demand for transparent ceramics also increased across the world.
Hence, with the increasing manufacturing of aircrafts, the global transparent ceramics market will exhibit tremendous growth between 2020 and 2030. In simpler terms, transparent ceramics are defined as polycrystalline materials having certain light transmittance, that are harder, stronger, and have greater corrosion resistance as compared to the glass materials and optical resin. Electrical and electronics, aerospace and defense, medical, and energy are the main end users of transparent ceramics. Out of these, the usage of these materials is predicted to be very high in aerospace and defense applications in the future years.
Geographically, the transparent ceramics market has been categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). The market in APAC is expected to account for a significant share throughout the forecast period. This can be ascribed to the high government spending on the defense sector, owing to a rise in security threats. For instance, in February 2020, the Indian government allocated $66.9 billion (INR 4,71,378 crore) to the defense sector, for the fiscal year 2020–2021, which is a significant hike from the allocation of $44.5 billion (INR 3,18,000 crore) for the fiscal year 2019–2020. In addition, as per Stockholm International Peace Research Institute (SIPRI), the U.S. defense spending stood at $649 billion, which was more than the next seven countries combined (China, Saudi Arabia, India, France, Russia, U.K., and Germany).