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The global advanced ceramics market size is projected to reach USD 13.2 billion by 2026 from USD 10.3 billion in 2021, at a CAGR of 5.0% during the forecast period.
This growth is attributed to rise in demand in areas such as 5G connectivity, AI, IoT, and 3D printing technology backed by the superior properties of ceramics to withstand corrosive, high-temperature, and hazardous chemical environments. The advanced ceramics market is also expected to benefit from the growing demand in the medical industry owing to their high strength and toughness with bio-inert properties and low wear rates.
Alumina accounted for the largest share amongst other materials in the advanced ceramics market
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The global automotive connectors market exhibited moderate growth during 2015-2020. Automotive connectors are electrochemical elements that are used for attaching multiple electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication and navigation between the electronics and safety devices of the automobile. They consist of jacks or sockets (female-ended) and plugs (male-ended) that are placed under the hood of the vehicle. Advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry and auto emergency braking systems are integrated with electrical components using these connectors. Looking forward, the global automotive connectors market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026).