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.
The introduction of innovative solutions and material systems combined with the benefits of thick film technologies and multilayer ceramic in order to meet the increasing demand for electronics functioning in extreme temperatures will boost LTCC & HTCC market growth.
The materials used in HTCC are quite cheaper than LTCC, and HTCC has a higher firing temperature that enables only the refractory metals to be used, such as tungsten and molybdenum. The LTCC is designed for much lower firing temperature that allows noble metals such as silver, gold, copper, palladium, and others to be used.
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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.
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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
Europe
Asia Pacific
Latin America
Middle East & Africa
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