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How is Increasing Deployment of Electronics Surging The Demand for Automotive Ceramics | Fact.MR

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As per Fact.MR’s insights into the automotive ceramics market, amidst the COVID-19 crisis, sales were estimated at nearly US$ 2 Bn during FY 2020-21. Imposition of mandatory lockdowns slowed expansion prospects, as key automotive companies temporarily ceased production. Adjusting for this downswing, prospects have been revised for the market to expand at a CAGR of 5% from 2021 to 2031.

The market for automotive ceramics experienced steady growth until 2020, closing in at approximately US$ 2 Bn amid high deployment across several automotive allied industrial domains, most notably across electronics manufacturing. A new forecast by Fact.MR anticipates demand for automotive ceramics to expand 1.4X from 2021 to 2031.

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Key Question answered in the Survey of Automotive Ceramics market Report By Fact.MR

The Market insights of Automotive Ceramics will improve the revenue impact of businesses in various industries by:

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