Market research shows that the optical components market has grown 8-12% annually during the past five years.1 The optics market is intensely competitive, with demand increasing for optical components as communications markets, internet usage and the digitalization of information infrastructure grow. Within this market, the trend of miniaturization and high-speed performance applies increasing pressure on a product’s thermal and optical properties.
The global technical ceramics market is expected to grow at a CAGR of 6.37% through 2020.
October 3, 2016
According to a recent market study by Technavio, the global technical ceramics market is expected to grow at a compound annual growth rate (CAGR) of 6.37% from 2016-2020. As of 2015, Asia-Pacific held the largest market, at around 37.7%, and is anticipated to grow at a CAGR of around 7% during 2016-2020.