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The need for electronic components and parts, subsequently fueling ceramic packaging market growth at a CAGR of over 6% during the forecast period

NEW YORK, Sept. 23, 2019 /PRNewswire/ -- Global Ceramic Packaging Market: About this marketThis ceramic packaging market analysis considers sales from materials including glass ceramic packaging and non-glass ceramic packaging. Our report also considers the sales of ceramic packaging in APAC, Europe, MEA, North America, and South America. In 2018, the glass-ceramic segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the ability to prevent solder cracking will play a vital role in the glass-ceramic segment to maintain its market position. Also, our global ceramic packaging market report looks at factors such as significant growth of consumer electronics industry, growth of medical and healthcare devices industry, and increasing use of electronics in automobiles. However, threat of substitutes, the slowdown of manufacturing sector in China, and highly cyclic nature of the electronics industry may hamper the growth of the ceramic packaging industry over the forecast period. Read the full report: https://www.reportlinker.com/p05816321/?utm_source=PRNGlobal Ceramic Packaging Market: Overview

Significant growth of consumer electronics industry

The demand for smart devices is increasing across the globe, especially with the emergence of wireless mobile telecommunication technology. Owing to technological advancements, the use of refrigerators, washing machines, and other common consumer electronics products has also increased significantly.?This will drive the need for electronic components and parts, subsequently fueling ceramic packaging market growth at a CAGR of over 6% during the forecast period.

The trend of miniaturization in electronics industry

The miniaturization of electronic components is gaining traction due to the growing demand for reliable and compact electronic devices. Because of the need to reduce material costs and the demand for small assemblies in specific applications, the miniaturization of electronic components has become prevalent in the electronics industry. As a result, the need for high-capacity and miniaturized ceramic packaging is also increasing. This is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global ceramic packaging market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading ceramic packaging manufacturers, that include Aerospace Semiconductor Inc., AMETEK Inc., Aptasic SA, Electronic Products Inc., Kyocera Corp., Materion Corp., NGK Insulators Ltd., NGK SPARK PLUG Co. Ltd., Remtec Inc., and Santier Inc.

Also, the ceramic packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Read the full report: https://www.reportlinker.com/p05816321/?utm_source=PRN

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The need for electronic components and parts, subsequently fueling ceramic packaging market growth at a CAGR of over 6% during the forecast period
View original content:https://www.prnewswire.com/news-releases/the-need-for-electronic-components-and-parts-subsequently-fueling-ceramic-packaging-market-growth-at-a-cagr-of-over-6-during-the-forecast-period-300923214.htmlSOURCE Reportlinker
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