LTCC And HTCC Market Revenue Analysis by Regions 2028

LTCC And HTCC Market Growth & Trends

The global LTCC And HTCC market size is expected to reach USD 3.9 billion by 2028, according to a new report by Grand View Research, Inc. The market 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.

U.S. LTCC And HTCC Market size, by application

LTCC And HTCC Market Segmentation

Grand View Research has segmented the global LTCC And HTCC market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into LTCC and HTCC.

  • Based on product, the LTCC segment accounted for the largest revenue share of more than 73.0% in 2020. The high share of LTCC can be attributed to its properties such as higher operating temperature, excellent thermal properties, lower expansion coefficient, high reliability, and integration density. Rising demand for high-speed internet in urban and semi-urban locations is increasing investments in wireless technologies and RF modules, which is anticipated to propel LTCC demand.
  • HTCC is an older technology used in manufacturing ceramic PCBs. Its advantages include chemical stability, lower material costs, high heat dissipation coefficient, high mechanical strength, and high wiring density. HTCC components usually consist of multilayers of zirconia or alumina with tungsten, platinum, and moly manganese metallization. In addition, in HTCC the sintering temperature is higher as compared to LTCC. However, compared to other manufacturing technologies, HTCC is older. Some of its drawbacks include high production cost and low conductivity.

Based on the Application Insights, the market is segmented into Automotive, Telecommunication, Aerospace & Defense, Consumer Electronics, Others.

  • The automotive segment held the largest revenue share of over 42.0% in 2020. LTCC and HTCC are used in automotive electronics for a safer and enhanced driving experience. The inclination of consumers toward the safety of vehicles, adoption of telematics, and government-defined safety norms are the prominent factors driving the demand for automotive electronics. Key applications of automotive electronics include Advanced Driver Assistance Systems (ADAS), safety, powertrain, and infotainment. These applications have created a need for microcontrollers, actuators, processors, and sensors, which, in turn, are expected to augment market growth.
  • Telecommunication is another key application segment. Radio, microwaves, and millimeter waves are used for wireless communication. The penetration of LTCC technology is rapidly increasing for applications in microwave and millimeter-wave frequency band in areas including Bluetooth module, front end module of mobile phones, and WLAN. Moreover, new opportunities lie ahead as various companies are developing advanced LTCC products, which are projected to benefit these companies to expand their footprint in 5G communication. For instance, in October 2021, Nippon Electric Glass Co., Ltd. announced an improvement in characteristics of the LTCC materials portfolio, which can be used in devices and components for 5G communication.

LTCC And HTCC Regional Outlook

  • 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 Profile & Market Share Insights

The global LTCC and HTCC market is characterized by strong competition owing to the presence of prominent substrate manufacturers serving major geographies across the globe.

Some of the prominent players operating 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.

Order a free sample PDF of the LTCC And HTCC Market Intelligence Study, published by Grand View Research.

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