Transparent ceramics are optically transparent and crystalline materials and are available in the form of thin films, coatings, and fibers. Transparent ceramics exhibit transparency as these materials have an isotropic lattice structure. Transparent ceramics possess some unique characteristics, such as high mechanical performance, transparency in the spectral range, and hardness. Thus, they are significantly used in materials that require extremely high mechanical and thermal stress along with increased optical properties and hardness. Owing to these properties, transparent ceramics are being rapidly adopted for the manufacturing of products, which include optical fibers for guided light wave transmission, optical switches, laser amplifiers, lenses, and infrared (IR) heat seeking devices for missile guidance systems and night vision. ______ 1. Micromarkets are defined as the further segments and subsegments of the transparent ceramics market included in the report. 2. Core competencies of companies are covered in terms of their key developments, and strategies adopted by them to sustain their position in the market.