According to a research survey conducted by ChemView Consulting, in 2022, the Global LTCC and HTCC Market was worth US$ 1,061.0 Mn and is expected to grow at a CAGR of 5.0% over the forecast period. The market is expected to hit US$ 1,567.5 Bn by 2030 end.
The widespread use of ceramic substrates in automotive, telecommunications, and consumer electronics industries is driving market expansion. Increased demand for innovative, low-cost tiny circuit boards for electronic components will promote the usage of these items in the future years.
LTCC and HTCC Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global LTCC and HTCC growth during the next eight years
- Assessment of the historical and current Global LTCC and HTCC Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/ltcc-and-htcc-market/
Key Takeaways
By Process Type: The LTCC process category leads the LTCC and HTCC markets. It is due to the high demand for LTCC segments in the media, communications, automotive, defense, and healthcare industries. Compared to the HTCC technique, the LTCC procedure allows metallization with conductive materials such as gold, silver, and copper at a lower temperature.
The LTCC process provides high component density, reduced signal loss, stability, dependability, and better functionality.
By Application: Co-fired ceramics are increasingly being used in the automotive industry. The desire for high performance and small electronic components drives the increased usage of co-fired ceramic in the automobile sector. Co-fired ceramics, such as LTCC and HTCC, are employed in various automotive applications.
In vehicles, co-fired ceramic is widely used in engine control units, transmission control units, electronic power steering, engine management systems, antilock brake systems, airbag control modules, LEDs (automotive lighting), entertainment & navigation systems, pressure control modules, pressure sensor, radar modules, and various sensor modules.
By Region: Asia Pacific has the largest and fastest growing LTCC and HTCC markets. In the indicated region, the media communications and car industries are the major customers of co-fired ceramic. The emergence of several co-fired ceramic manufacturers has made the area one of the most important co-fired ceramic markets.
The expansion is also attributed to the high demand for co-fired ceramic in the mechanical, vehicle, media communications, aircraft, consumer electronics, and defense end-use projects.
Competition Summary
Because of large substrate producers covering major regions worldwide, the LTCC and HTCC market is characterized by fierce competition. These producers compete on product quality and pricing to broaden the product’s application breadth in industries such as automotive, telecommunications, healthcare, aerospace, and others.
Market participants actively spend on R&D to gain a competitive advantage by supplying superior LTCC products at competitive pricing. The major players’ primary techniques for increasing business income include new product development, collaborations, and acquisition.
Key companies covered in the market study are Hitachi Metals Ltd., Kyocera Corporation, Murata Manufacturing Co., Ltd., TDK Corporation, NGK Spark Plug Ltd., Yokowo Co., Ltd., KOA Corporation, Maruwa Co. Ltd.
Segments Covered in Report
By Process Type:
- LTCC (Low-Temperature Co-fired Ceramic)
- HTCC (High-Temperature Co-fired Ceramic)
By Material:
- Glass-ceramic
- Ceramic
By End-User:
- Automotive
- Telecommunications
- Aerospace & Defense
- Medical
- Others (Industrial and Consumer Electronics)
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
About ChemView Consulting’s Chemicals & Materials Domain
ChemView Consulting’s chemicals & materials domain provides unique, reliable, and in-depth analysis of the chemicals and materials business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes bulk, fine, specialty, petrochemicals, innovative materials, composites, and nanotechnology, focusing on “green alternatives,” recycling, and renewable technology advances. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for chemical manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
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