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Low Temperature Co-Fired Ceramics Market Advancement and Future Scope Analysis Upto 2025

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BIS RSRCH
Low Temperature Co-Fired Ceramics Market Advancement and Future Scope Analysis Upto 2025

The low temperature co-fired ceramics (LTCC) market is one of the emerging markets in the modern world, with considerable contribution in the global gross domestic product (GDP). The technology’s growing adoption has been witnessed primarily for applications in consumer electronics, automobile electronics, aerospace and military, and other sectors. For instance, American Technical Ceramics Corp. supplies the military-approved porcelain and ceramic multilayer capacitors, a high frequency fixed ceramic chip capacitors developed through LTCC technology. In microelectronics, DuPont LTCC tapes are utilized for developing complex ceramic structures for energy conversion systems, such as hydrogen fuel cells.

In addition to the above market players, there are certain consortiums, associations, and government programs toward the development and progress of LTCC globally. For instance, in South Korea, the Ministry of Science and Technology of Korea (MSTK) has financially supported the research work toward LTCC-Based System-in-Package (SiP) technology for the integration of microwave system.

Based on the different dielectric constants, LTCC has been categorized as glass ceramics (GC), glass ceramic composites (GCC), and glass-bonded ceramics (GBC). Among these, the adoption for GCC has been the highest as it offers a wide range of dielectric constants for LTCC materials. However, in the coming times, the growth rate for the GBC is expected to be the fastest as it offers the highest range of dielectric constants.

China is expected to dominate the LTCC market during the forecast period (2020-2025). This can be attributed to the high adoption of LTCC in the country toward various consumer electronics, such as smartphones, laptops, televisions, and military electronics. For instance, Sunlord, has developed devices based on LTCC technology.

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The global LTCC market is driven by several factors. For instance, the increasing miniaturization of the electronics with increasing demand for LEDs have been the driving factors from LTCC’s adoption in the consumer, military, and aerospace sectors. Also, the use of various sensors in different parts of the automobiles operating at high temperatures is leading to an increasing demand for LTCC. The increasing usage of LTCC technology toward the MEMS sectors have also been driving the adoption of LTCC. However, the technology is associated with some technical challenges and restraints which have been hampering the adoption to a certain level. Issues such as lower thermal conductivity of LTCC and cost competitiveness at the large scale have been restricting the adoption of LTCC globally.

The benefits offered by the LTCC have been head turners for the global electronics sector. As a result, existing and new market players have been entering this business and have adopted the technology toward the manufacturing of multilayer circuits. However, the associated high initial costs and involved R&D has been a key challenge for the new entrants.

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