LTCC & HTCC Market Revenue, Growth, Company Profile, Key Trend Analysis & Forecast, 2017–2027
The Global LTCC & HTCC Market size is estimated to reach USD 3.67 billion from USD 3.06 billion in 2019, exhibiting a CAGR of 2.2% through 2027, according to a new report by Reports and Data. The market growth is driven by the growing demand for LTCC and HTCC for data communication, automotive, microwave packaging, aerospace & defense, medical end-use, power electronics, and consumer electronics application. LTCC and HTCC offer a three-dimensional structure. They are suitable for integration in electrical circuits, in optical-based sensory solutions, and to build up fluidic or mechanical solutions.
Market
Dynamics:
The materials and chemicals market revenue has
expanded significantly over the years and is expected to register robust
revenue growth over the forecast period. Technological advancements, rising
investments in research and development activities, increasing demand for raw
materials in various sectors such as manufacturing, agriculture, food and
beverage, pharmaceutical and biotechnology is boosting market growth. In addition, changes in consumer preference,
rising disposable income especially in the developing economics, rising funds
by several public and private organizations, and increasing demand for
biodegradable products are factors boosting market growth.
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Key players operating in the global LTCC and
HTCC market are KYOCERA Corporation, Nikko Company, KOA Corporation, Micro
System Technologies, Ltd., DowDuPont Inc., The NGK Spark Plug Co., Maruwa Co.
Ltd., Murata Manufacturing Co., Ltd., Yokowa Co. Ltd., and Hitachi Metals Ltd.,
among others.
These multilayer substrates are used
for various components, including electronic control units, sensors, and LED
packages. These products find extensive usage in the automotive sector. The
ongoing research for self-driving vehicles may further supplement LTCC and HTCC
market share over the forecast period.
Further key findings from the report
suggest
- On the basis of process type, the HTCC
segment is estimated to witness major growth through 2027 due to extensive
applications in various end-use industries, including aerospace, military
equipment, medical devices, and other high-temperature solutions.
- The LTCC segment accounted for 73% of the
Global LTCC and HTCC Market revenue share in 2019 and is forecast to
experience notable growth due to increasing product usage as antenna-in-package
devices for multiple concurrent connections and ultra-low latency in
addition to the ultrafast speeds.
- On the basis of material type, the
ceramic material segment is poised to contribute significantly towards the
LTCC and HTCC market growth due to its prominence in the telecommunication
industry. Innovation in the 5G mobile communication technology will
further boost segmental growth.
- Based on end-use, the automotive segment
accounts for the largest LTCC and HTCC market share and is estimated to
register a CAGR of 2.5% over the analysis period. In a bid to ramp up the
uptake of the hybrid technology for automotive applications, assembling
companies and automakers will require LTCC incorporation for the design,
specification, building as well as testing of system integrity and
functional demonstrations in harsh conditions, which will fuel product
demand.
- Telecommunication is another leading
end-use sector and is expected to account for 34.6% of the market share by
2027 on account of extensive product incorporation, especially the LTCC.
- In the regional landscape, North America
is set to witness a growth rate of 2.7%over the forecast period, on
account of increasing investment in wireless telecommunication, modern
military equipment, and high consumer preference for premium electronics.
- Europe is forecast to account for 20.4%
of the global LTCC and HTCC market share by 2027.
- In September 2018, Unicharm Corporation,
a leading hygiene products manufacturing company, signed an agreement to
acquire Cayman Limited, a leading manufacturer of the LTCC & HTCC and
other absorbent products in the Asia Pacific region.
To identify the
key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ltcc-and-htcc-market
For the purpose of this report,
Reports and Data has segmented the global LTCC & HTCC Market on the basis
of process type, material type, end-use verticals, and region:
Process Type
Outlook (Revenue: USD Billion; Volume: Tons; 2017-2027)
- LTCC (Low-Temperature Co-Fired Ceramic)
- HTCC (High-Temperature Co-Fired Ceramic)
Material Type
Outlook (Revenue: USD Billion; Volume: Tons; 2017-2027)
- Glass-ceramic
- Ceramic
End-Use Verticals
Outlook (Revenue: USD Billion; Volume: Tons; 2017-2027)
- Automotive
- Telecommunications
- Aerospace & Defense
- Consumer Electronics
- Others
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Regional Outlook
(Revenue: USD Billion; Volume: Tons; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
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