Research Industry Expert

  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. 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 defence & security, which i...