Reports and Insights freshly added a report titled “LTCC and HTCC Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the LTCC and HTCC Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global LTCC and HTCC market in 2022 is estimated for more than US$ 3.4 Bn and expected to reach a value of US$ 4.4 Bn by 2030 with a significant CAGR of 3.4%.
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LTCC and HTCC Introduction
A low-temperature co-fired ceramic (LTCC) instrument is one of the most swiftly grown essential passive instruments which offers a clarification to the assimilation of passive elements, such as resistor, capacitor, resonator, inductor, filter, and many more into a multi-tiered ceramic module by interlinking each element in tiers. In a like manner, a high-temperature co-fired ceramic (HTCC) is the similar instrument but with more resistance conductive tiers that is basically employed in extremely high-recurrence electronic packaging applications.
Noticeably, the ceramics packaging solutions are more preferred over all traditional organic technologies owing to its excellent reliability performance. Owing to which, the LTCC and HTCC technologies are witnessing enormous demand in the global market, thus projected to strengthen global market position in the near future.
By the same token, there is only a portion of the development cost needed for monolithic semiconductor assimilation, which further supports the growth of the global LTCC and HTCC market.
LTCC and HTCC Market Dynamics
The constantly evolving automotive industry and the surging count of electronic assembly units of the automotive vehicles is majorly expected to boost the growth of the LTCC and HTCC market in the forthcoming years.
Likewise, the soaring number of electronic elements in an automotive vehicle is also estimated to give a positive push to the growth of the LTCC and HTCC market during the forecast period. On top of that, the LTCC and HTCC multi-tiered substrates are having numerous applications such as they are employed for several different elements like sensors, electronic control unit (ECU), and LED packages. Attributing to which, the LTCC and HTCC market is projected to witness significant growth during the forecast period.
By the same token, the low temperature co-fired ceramic employed as low-cost substrate technology in electronic engineering also promotes its utility in several different industries in high-recurrence modules, multi-chip modules, conductors, capacitors, transformers, inductors, and other related radio recurrence applications.
The continuously evolving telecommunications, aerospace and defense, automotive, and medical end-use industries over the last few years is majorly contributing to the rising demand of LTCC and HTCC technologies, hence expected to further propel the growth of the LTCC and HTCC market in the upcoming years.
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LTCC and HTCC Market Segmentation
The LTCC and HTCC market is segmented on the basis of process type, material type, end-user industry, and region.
By Process Type
LTCC (Low-Temperature Co-Fired Ceramic)
HTCC (High-Temperature Co-Fired Ceramic)
By Material Type
Glass-Ceramic
Ceramic
By End User Industry
Automotive
Telecommunications
Aerospace & Defense
Medical
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
LTCC and HTCC Market Key Players
Some of the key participating players in global LTCC and HTCC market are
- KYOCERA Corporation
- DowDuPont Inc.
- Murata Manufacturing Co., Ltd.
- KOA Corporation
- Hitachi Metals, Ltd.
- Yokowo Co., Ltd.
- NGK SPARK PLUG CO., LTD.
- MARUWA Co., Ltd.
- Micro Systems Technologies
- TDK Corporation
- NIKKO COMPANY
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