The global silicon nitride ceramic substrates market was valued at USD 105.1 Million in 2019 and is projected to reach USD 156.8 Million by 2027 expanding at a CAGR of 5.9% during the forecast period, 2020-2027. Silicon nitride comes with high thermal conductivity, which has developed as an encouraging material for future power devices. Ceramic substrates and ceramics have favorable properties such as low electrical & thermal conductivity, corrosion resistance, and resilient to plastic distortion. Ceramic substrates are used in microelectronics its mechanical properties lend themselves to be carriers for components. They provide strength and heat dissipation and are used in power semiconductor modules, converters, and substitutes for other insulating materials. Silicon nitride ceramic substrates has developed dependability and are extensively used in various electric module. Ceramics are seamless and ideal for cast-off as substrates in high temperature and high-power devices.
Ceramic substrates play an important role in power electronic device technology by scattering heat, where mechanical strength and high thermal conductivity are required. Enlarged power of new devices has led to the replacement by high thermal conducting substrate and further base substrates. The anisotropic thermal/mechanical properties or low-slung power-driven strength are bottlenecks for the practical use of these materials in high power electronic devices.
The growth of the market is attributed to the increasing use of ceramic substrates, as an alternate to metals and alloys. Increasing demand for compact microelectronics packaging solutions is a significantly driving the growth of the ceramic substrates market. However, high procurement and raw material costs are expected to hamper market growth. Regular substrate are widely used ceramic substrates, as they meet the requirements of insulating materials for applications in power module. Regular substrates are widely used in LED and heat sinks applications, as they are inexpensive.
On the basis of types, the market is divided into high thermal conductivity substrate, regular substrate, and others. The high thermal conductivity substrate segment accounts for a major share of the market and the regular substrate segment is anticipated to expand at a considerable CAGR during the forecast period. Silicon nitride with high thermal conductivity substrate has emerged as one of the most promising substrate materials for the next-generation power devices, which is expected to boost segment growth.
In terms of applications, the market is divided into power module, heat sinks, led, wireless module, and others. The power molecule segment holds significant share of the market; however, the LED and wireless module segments are anticipated to expand at a substantial pace during the forecast period. Silicon nitride powder is a major material used for making nitride ceramic substrate. Silicon nitride ceramic substrate is a niche market and is affected by changes in raw material prices. Technical expenses and association with downstream users are essential some of the essential factors driving market growth. Power module is a major application of silicon nitride ceramic substrate and accounted for significant share of the market LED, heat sinks, and wireless modules are important applications of silicon nitride ceramic substrate.
The demand for ceramic substrates in the power module industry is increasing due to the high consumption of power module items among the population. Asia Pacific is expected to constitute a key share of the market owing to increase in the demand for ceramic substrates in electronic application.
In terms of regions, the global silicon nitride ceramic substrates market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a significant pace during the forecast period. Asia Pacific is expected to dominate the market during the forecast period due to rising disposable income and increasing demand for electronics. The market in Europe is estimated to expand at a substantial CAGR during the forecast period, as Germany is a leading supplier of silicon nitride ceramic substrate. The demand for silicon nitride ceramic substrates is expected to increase rapidly in the electronics sector in these regions owing to technology advancements, development of innovative products, raw material affluence, and increasing adoption of technologies.
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According to this Growth Market Reports report, the market from silicon nitride ceramic substrates is likely to register a CAGR of 5.9% during forecast period 2020-2027, with an anticipated valuation of USD 156.8 million by the end of the 2027.
In addition to market size (in USD Million) and Volume, company market share (in % for base year 2019), and other data such as pricing analysis for year 2017 to 2027 (estimated pricing analysis) is provided, and key impact of regulation in final report.
Increasing use of ceramic substrates as an alternate to metals and alloys. The increasing demand for compact microelectronics packaging solutions is another significant factor driving the growth of the ceramic substrates market, are the factors expected to drive the market growth during forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness decline of over 2.5% between 2019 and 2020 owing to the negative impact of COVID 19 pandemic on the silicon nitride ceramic substrates market. The shutdown of production activities, disruption in supply chain due to restrictions on transportation activities, and temporary decline in demand for silicon nitride ceramic substrates are some of the prime reasons responsible for this market trend.
The base year considered for the global silicon nitride ceramic substrates market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017, and 2018 are the historic years and the forecast is provided from 2020 to 2027.
The electronics industry is the key end-user driving the silicon nitride ceramic substrates market growth.
Major manufactures include TOSHIBA MATERIALS CO., LTD., Rogers Corporation, KYOCERA Corporation, MARUWA Co., Ltd., CoorsTek Inc., and Denka.
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