The market is expected to generate an incremental $ opportunity of US$ 506.5 Mn between 2022 and 2030
Category: Chemicals & Materials Published Date : July 2022 ID: CVC-00156-CH Format: PDF Pages: 295
LTCC and HTCC Market Size Analysis
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.
What factors are driving the increase in demand for LTCC and HTCC?
The market is expanding with significant demand from the automotive, telecommunications, aerospace & military, and medical end-use sectors.
In the projection period, the rising tendency to adopt digital platforms in daily life has fueled the demand for telecommunication goods. Furthermore, increased investment in the automotive and aerospace industries benefits market growth since LTCC substrates are extensively utilized in different airplanes and fighter aircraft.
Growing worries about developing high-performance small-sized circuit boards for electronic components at cheap production costs are expected to fuel market expansion in the next years.
What are the opportunities in the LTCC and HTCC Market?
Rising research investment for developing next-generation wireless technologies and ongoing partnerships among various research institutes are expected to drive market expansion further. The rising penetration of electronic devices/sensors in automobiles is expected to open up new possibilities for market growth in the future.
The growing need for nanotechnology and sophisticated processing systems will create new business opportunities. As different firms develop sophisticated LTCC technologies, new possibilities will emerge, allowing these companies to strengthen their position in the 5G arena.
Why are LTCC processes expected to dominate the Market?
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.
Why is the automotive segment likely to grow rapidly throughout the forecast period?
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.
Which region has promising opportunities in the LTCC and HTCC Market?
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.
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.
Some of the key developments that have taken place in the LTCC and HTCC Market include:
A list of some of the critical suppliers present in the Market are:
Market Segments Covered in Report
By Process Type:
By Region and Country:
Global LTCC and HTCC Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Process Type, Material, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|