LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global low-temperature co-fired ceramic (LTCC) substrate market is projected to grow to USD 285.13 million by 2021, at a CAGR of nearly 9% over the forecast period.
This research report titled ‘Global Low-temperature Co-fired Ceramic Substrate Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|A low-temperature co-fired ceramic substrate is a multi-layer glass ceramic substrate that is co-fired with low-resistance metal conductors including silver or copper at low firing temperatures less than 1,000°C. The growing demand for LTCC substrates from various automotive safety product manufacturers is a key driving factor for the market.|
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Based on the end-users, the report categorizes the global low-temperature co-fired ceramic substrate market into the following segments:
- Consumer electronics
- Home appliances
- Computers and peripherals
The top three revenue-generating end-user segments in the global LTCC substrate market are discussed below:
“The global low temperature co-fired ceramic substrate market for consumer electronics is expected to cross USD 121 million by the end of 2017. The segment dominates the global market due to the high demand from the smartphone industry,” says Sunil Kumar Singh, a lead analyst at Technavio for semiconductor equipment research.
Mobile communication devices have RF modules and components that are integrated with LTCC substrates. The components requiring LTCC substrates include TV tuner modules, wireless LAN modules, Bluetooth wireless modules, ultra-wideband modules, front-end modules, power amplifier modules, surface acoustic wave filters, and duplexers.
The LTCC substrates market by home appliances is one an upward trend due to the growing demand for flat-panel displays and the economic recovery. The increasing disposable income and rising living standards in developing countries such as India and China will positively impact the demand for home appliances such as refrigerators and washing machines. This is expected to contribute to the growth of the LTCC substrates market in the home appliances segment during the forecast period.
Computers and peripherals
“The computers and peripherals segment of the market is expected to grow at a moderate pace, with a strong and continuous demand from the tablet and smartphone market,” says Sunil.
The global economic development will also contribute to the growth of the segment, due to various businesses upgrading to new PCs to remain in sync with economic and technological improvements. Also, the growing trend of businesses and governments computerizing and automating various operations to increase their competitiveness and efficiency is expected to have a major impact on the growth of the segment.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Murata Manufacturing
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