Optical Ceramics Market to expand with significant CAGR by 2023

Glass Ceramics Market

The market size of optical ceramics is estimated at USD 148 million in 2018 and is projected to reach USD 297 million by 2023, at a CAGR of 15%, between 2018 and 2023. The global Optical Ceramics Market is driven by the increasing defense expenditure on advanced materials and technologies. Optical ceramics are used as a substitute for glass, metals, and plastics, which is boosting the market.

Optical ceramics are widely used in the defense sector in for various applications such as reconnaissance & sensor windows, night vision systems, windows for laser communications, and others. These ceramics are also used in electromagnetic (EM) radomes, IR domes, sensor protection, and multi-spectral windows due to their abrasion resistance and excellent thermal stability. Optical ceramic materials, including sapphire, are used in high-speed infrared-guided missile domes. Increasing demand for optical ceramics in these industries is fueling the optical ceramics market.

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Optical ceramics are an alternative to single-crystal technology and conventional glass technologies in various new applications, including infrared domes and high-energy radiation detection.

The technological advancement in the production of optical ceramics has led to the usage of optical ceramics in niche applications such as inertial confinement nuclear fusion and automobiles. Thus, the increasing demand for optical ceramics in niche applications is providing excellent growth opportunities for the manufacturers.

Sapphire is the largest and fastest-growing material for optical ceramics owing to the presence of a large number of manufacturers producing this material. Also, sapphire finds use in an array of end-use industries such as optoelectronics and aerospace and defense & security, which is driving the market.

Sapphire can be manufactured in complex geometries and large sizes at high volume, which makes it ideal for use in several optical applications. It exhibits optical properties and is transparent from near-ultraviolet through mid-wave infrared frequencies, which is boosting the demand for sapphire in precision optical components.

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