LTCC and HTCC Industry Overview
The global LTCC and HTCC market size to be valued at USD 3.9 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% during the forecast period. The growing requirement of microelectronics in vehicles and aircraft for a safer experience is anticipated to drive market growth over the forecast period. LTCC and HTCC ceramic substrates are widely used in numerous industries such as automotive, telecommunication, and consumer electronics. Rising concerns to develop high-performance small-sized circuit boards for electronic components at low manufacturing costs are likely to drive the growth of the market over the coming years.
Gather more insights about the market drivers, restraints, and growth of the Global LTCC and HTCC market
The U.S. is expected to remain the leading market for LTCC and HTCC in North America over the forecast period owing to the growing prominence of emerging technologies such as the Internet of Things (IoT) and 5G technology. Rising research spending for developing next-generation wireless technologies and ongoing collaborations among different research institutes are projected to further fuel market growth. Furthermore, increasing penetration of electronic devices/sensors in vehicles is anticipated to offer new avenues for the growth of the market in the coming years. For instance, LTCC offers superior performance in advanced automotive sensing, and HTCC technology can be utilized for next-generation automotive components such as the packaging of LED headlights, LD headlights, and DCB circuit substrates.
With the shifting transition from hardware to software-defined vehicles, market players across the value chain of automotive electronics are investing to capitalize on innovations through software and electronics. Examples of software innovation include connectivity, electrification, autonomous driving, and diverse mobility. LTCC is an attractive solution for the packaging of microelectronic devices, however, numerous studies are underway to overcome challenges encountered during the production, processing, and application of LTCC. These challenges include chemical issues, which arise due to the interaction of thick films and glass phases in tapes, whereas physical issues arise due to the mismatch of screen-printed paste and tape.
Browse through Grand View Research's Advanced Materials Industry Research Reports.
Ceramics Market - The global ceramics market size was valued at USD 247.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028.
Thermal Ceramic Market - The global thermal ceramic market size was valued at USD 3.8 billion in 2019 and is anticipated to expand at a CAGR of 7.1% from 2020 to 2027.
LTCC and HTCC Market Segmentation
Grand View Research has segmented the global LTCC And HTCC market on the basis of product, application, and region:
LTCC And HTCC Product Outlook (Revenue, USD Million, 2017 - 2028)
- LTCC
- HTCC
LTCC And HTCC Application Outlook (Revenue, USD Million, 2017 - 2028)
- Automotive
- Telecommunication
- Aerospace & Defense
- Consumer Electronics
- Others
LTCC And HTCC Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights:
April 2022: KYOCERA Corporation developed transmissive metasurface technology to enhance the range and performance of 5G and 6G networks by directing wireless network signals in a particular fashion. The shareable meta surface further helps in transmit the high-frequency 5G and 6G to areas where connection is slow.
August 2021: Mini-Circuits created a new set of filters based on LTCC technology for the millimetre wave 5G market 1. A patent was also granted to the corporation for the same.
Key Companies profiled:
Some prominent players in the global LTCC and HTCC market include
- Hitachi Metals Ltd.
- Kyocera Corporation
- Murata Manufacturing Co., Ltd.
- TDK Corporation
- NGK Spark Plug Ltd.
- Yokowo Co., Ltd.
- KOA Corporation
- Maruwa Co. Ltd.
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