DUBLIN--(BUSINESS WIRE)--The "LTCC Market and HTCC Market by Process Type (LTCC, HTCC), Material Type (Glass-Ceramic, Ceramic), End-use Industry (Automotive, Telecommunications, Aerospace & Defense, Medical), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The LTCC Market and HTCC Market Size is Estimated to be $916 Million in 2019 and is Projected to Reach USD 1.1 Billion by 2024, at a CAGR of 4.5% Between 2019 and 2024.
Co-fired ceramics are used in different industries such as aerospace & defense, automotive, telecommunications, medical, and industrial. They exhibit various properties such as non-corrosiveness, environmental resistance, thermal dissipation, and resistance to thermal shock. The superior features offered by co-fired ceramics are enabling its usage in various end-use industries.
LTCC process type accounted for the largest share, in terms of value and volume, of the overall LTCC market and HTCC market
LTCC process dominated the overall LTCC market and HTCC market in 2018. Co-fired ceramic possess characteristics such as low signal loss, better performance, and high reliability at a higher temperature. An LTCC structure consists of multiple dielectric layers, low-loss conductors, and via-holes for interconnecting multiple layers. The LTCC process offers better performance at high temperatures, as ceramic materials used in LTCC offer temperature stability.
Glass-ceramic material type accounted for the largest share, in terms of value and volume of the overall LTCC market and HTCC market
Glass-ceramic material type dominated the overall LTCC market and HTCC marketing 2018. The use of glass-ceramic material in the LTCC market and HTCC market offers various advantages such as cost-effectiveness, design flexibility, environmental resistance, hermeticity, mechanical rigidity, thermal dissipation, and resistance to thermal shock. The glass-ceramic material is used in LTCC co-fired ceramic products.
The LTCC market and HTCC marketing the automotive end-use industry is expected to register the highest CAGR between 2019 and 2024
The increasing use of co-fired ceramic in the automotive industry is mainly due to the growing demand for sensors and radar modules. The co-fired ceramic is used in various applications of the vehicle as these products have proven to be cost-effective and can sustain very harsh environments. The use of co-fired ceramic in automotive offers better functionality of vehicles.
The LTCC market and HTCC market in the Asia Pacific is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024
The Asia Pacific dominated the global LTCC market and HTCC market. The region has the presence of many manufacturers of co-fired ceramic and its products. China accounted for a significant share of the LTCC market and HTCC market in Asia Pacific and is expected to register substantial growth during the forecast period. The growth of the LTCC market and HTCC market in this region is driven mainly by the growing automotive and telecommunications end-use industries.
- Increasing Demand for Miniaturized and High-Performance Electronic Devices
- Higher Demand for Ceramic Substrates Than Traditional Substrates in High-Frequency Applications
- Issues Related to Reparability
- Growing Demand for Nanotechnology and High-End Computing Systems
- High Price of Raw Materials
- ACX Corp.
- API Technologies Corp
- Adtech Ceramics
- DowDuPont Inc.
- ECRI Microelectronics
- Hitachi Metals, Ltd.
- KOA Corporation
- Kyocera Corporation
- Maruwa Co., Ltd.
- Micro Systems Technologies
- Murata Manufacturing Co., Ltd.
- NGK Spark Plug Co., Ltd.
- Natel Engineering Co., Ltd.
- Nikko Company
- SOAR Technology Co., Ltd.
- Schenzhen Sunlord Electronics Co., Ltd.
- Schott Electronic Packaging
- Selmic OY
- TDK Corporation
- Yokowo Co., Ltd.
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