How is Growth of Aerospace & Defense Resulting in Rising Demand for Transparent Ceramics?

The aerospace and defense sector in a number of countries is witnessing rapid growth. Various nations are heavily investing on defense aircraft procurement due to concerns about national security. Furthermore, the number of passengers travelling by flights is also increasing in several European and Southeast Asian countries, as the disposable income of people is increasing, thereby allowing them to spend money on vacations. For example, The Boeing Company received new orders for 893 airplanes in January 2019, which was an increase from 806 airplanes in 2018. This growth of the aerospace & defense sector is resulting in the increasing demand for transparent ceramics. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It is no news that the parts used in the industry need to be of the highest quality, so that passengers are provided with enhanced experience. Since transparent ceramics have superior properties, the aerospace & defense industry is making their wide usage. Polycrystalline ceramic materials which display broadband transmittance of light in the long wave, mid-wave, and visible infrared wavelengths of the electromagnetic spectrum and have transparency identical or close to standard glass are referred to as transparent ceramics. Owing to their rising demand, the global transparent ceramics market is projected to progress at a significant pace in the coming years. 

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Geographically, the transparent ceramics market has been categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). The market in APAC is expected to account for a significant share throughout the forecast period. This can be ascribed to the high government spending on the defense sector, owing to a rise in security threats. For instance, in February 2020, the Indian government allocated $66.9 billion (INR 4,71,378 crore) to the defense sector, for the fiscal year 2020–2021, which is a significant hike from the allocation of $44.5 billion (INR 3,18,000 crore) for the fiscal year 2019–2020. In addition, as per Stockholm International Peace Research Institute (SIPRI), the U.S. defense spending stood at $649 billion, which was more than the next seven countries combined (China, Saudi Arabia, India, France, Russia, U.K., and Germany).

Some of the players in the global transparent ceramics market are American Elements, CeramTec GmbH, CeraNova Corporation, Saint-Gobain Crystals, and Surmet Corporation.