Global LTCC And HTCC Market Trends, Analysis & Forecasts, 2020-2021 & 2022-2028 – ResearchAndMarkets.com – Yahoo Finance

DUBLIN, January 27, 2022–(BUSINESS WIRE)–The "LTCC And HTCC Market Size, Share & Trends Analysis Report by Product (LTCC, HTCC), by Application (Automotive, Telecommunication, Aerospace & Defense, Consumer Electronics), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global LTCC And HTCC market size is expected to reach USD 3.9 billion by 2028 and is expected to expand at a CAGR of 3.5% from 2021 to 2028
The market growth is attributable to rising investments in wireless communication technology along with increasing penetration of automotive electronics in vehicles. In co-fired ceramic devices, the ceramic support structure and any resistive, conductive, and dielectric materials are fired in a kiln.
Typical devices include capacitors, resistors, inductors, transformers, and hybrid circuits. Cofired ceramic devices are also used for multi-layer packaging in the electronics industry, such as in military electronics, Micro Electromechanical Systems (MEMS), microprocessors, and RF applications.
Co-firing can be divided into Low Temperature Co-fired Ceramics (LTCC) and High Temperature Co-Fired Ceramics (HTCC) applications. In LTCC, the sintering temperature is below 900C. This permits the co-firing with highly conductive materials (silver, copper, and gold). For HTCC, the sintering temperature is higher, at around 1,600C.
HTCC components generally consist of multilayers of alumina or zirconia with platinum, tungsten, and moly manganese metallization. Based on application, telecommunication is expected to be the fastest-growing segment in the market owing to rising digitalization, expansion of 5G network, and booming e-commerce platform, which enables the use of wireless technologies and equipment within the telecommunication industry.
Growing trend of adopting online channels in daily life has fueled the demand for telecommunication products over the forecast period. Furthermore, growing investments in the aerospace and defense industry are proving to be fruitful for the growth of the market as LTCC substrates are extensively used in various aircraft and fighter jets.
For instance, in January 2021, the Indian Air Force announced its plans to acquire 114 combat aircraft that would cost more than INR 1.3 lakh crore (~USD 173.1 million). Such investments are expected to increase the production of aircraft and in turn, augment the market growth.
Region-wise, Asia Pacific is anticipated to register the fastest growth rate over the forecast period. The region is a global manufacturing hub for electronics owing to the presence of several manufacturers of electronic devices and systems, including top players, as well as small- and medium-sized enterprises.
The governments of different economies of the region focus on increasing foreign investments in their respective electronics industry, which in turn is expected to benefit market growth. The market is highly competitive in nature owing to the presence of numerous small and large players. Majority of the key players are mainly established in Japan.
Key players are adopting strategies such as capacity expansions and investments in R&D activities to gain a higher share in the market.
LTCC And HTCC Market Report Highlights
Based on product, the LTCC segment held a share of over 73.0% of the overall market in 2020. Its high share is attributable to its superior characteristics and limited drawbacks compared to other technologies
Based on application, the telecommunication segment is anticipated to register the highest growth rate of 4.0% over the forecast period, owing to expansion of wireless communication technologies
Based on region, North America is expected to progress at a CAGR of 3.8% over the forecast period owing to growing need for automotive electronics in the region, which is attributable to rising production of EVs
LTCC is an evolving technology and thus gaining traction in various applications. For example, in August 2021, Mini-Circuits developed a new series of filters based on LTCC technology that caters to the millimeter wave 5G industry. The company also received a patent for the same
Fluctuations have been witnessed in raw material pricing owing to an imbalance in the demand-supply scenario during the COVID-19 pandemic in 2020. Since the beginning of 2021, production has been affected too owing to an increase in energy and freight costs
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
Chapter 3. LTCC And HTCC Market Variables, Trends & Scope
3.1. Global LTCC And HTCC Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Impact of COVID-19
3.7. Market Dynamics
3.8. Porter's Five Forces Analysis
3.9. PESTEL Analysis
Chapter 4. LTCC And HTCC Market: Product Outlook Estimates & Forecasts
4.1. Definition & Scope
4.2. LTCC And HTCC Market: Product Movement Analysis, 2020 & 2028
4.3. LTCC
4.4. HTCC
Chapter 5. LTCC And HTCC Market: Application Outlook Estimates &Forecasts
5.1. Definition & Scope
5.2. LTCC And HTCC Market: Application Movement Analysis, 2020 & 2028
5.3. Automotive
5.4. Telecommunication
5.5. Aerospace & Defense
5.6. Consumer Electronics
Chapter 6. LTCC And HTCC Market Regional Outlook Estimates & Forecasts
6.1. LTCC And HTCC Market: Regional Movement Analysis, 2020 & 2028
Chapter 7. Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization (Market Leaders, Emerging Players, Key Innovators)
7.3. Vendor Landscape
7.3.1. Company Market Ranking Analysis
7.3.2. Major Deals & Strategic Alliances
7.3.3. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
Chapter 8. Company Profiles
Hitachi Metals Ltd.
KOA Corporation
Kyocera Corporation
Maruwa Co. Ltd.
Micro Systems Technologies
Murata Manufacturing Co., Ltd.
NGK Spark Plug Ltd.
Nikko Company
TDK Corporation
Yokowo Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/v8n6w1
View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005533/en/
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