LTCC Market Predicted to grow at a CAGR of 11.43% by 2025 | Leading Market Players - Kyocera Corporation, Dupont, CeramTec, Murata, Kyocera, Taiyo Yuden, KOA Corporation, Yokowo, Hitachi Metals, Nikko, Soshin Electric.

LTCC Market Analysis Size, Growth rate and Overview:
LTCC Market was valued at USD xx billion in 2017 and is expected to reach almost USD xx billion by the end of 2025, growing at a CAGR of around 11.43% over the predicted period.

A low-temperature co-fired ceramic (LTCC) device is one of the most rapidly developed integral passive devices which provides a solution to the integration of passive components, such as capacitor, resistor, inductor, resonator and filter, etc. into a multilayered ceramic module by interconnecting each component in layers. LTCC has gone through many changes, evolving from a simple multilayer substrate technology to a complex microelectronic system suitable for ‘intelligent’ packages with buried passive components, heat sinks, sensors, actuators, energy harvesters and even micro systems. Moreover, novel materials and enhanced processes have been introduced constantly. Since the major portion of power loss in high-frequency circuits is generated by current loss, owing to the finite electrical conductivity and skin effect, high conductivity metals such as silver or copper are preferred as electrode materials. To overcome these difficulties, various kinds of low-temperature fire able and non-reducible low-temperature co-fired ceramics have been developed and put into practical use. These materials can be classified into two types, concerning the basic material like glass-added,non glass system and concerning the conductor material like copper system and silver system.

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LTCC Market Key Drivers, Challenges, and Opportunities:
The unique functional properties offered by ceramic materials make them good candidates for various advanced engineering applications like vast industrial sectors that involve aeronautics, biomaterials, communications and automotive etc. The rapid growth in the electronic devices and applications is the major driver for the growth of market. Improvement in research and development and technological advances has increased the demand for reliable and compact electronic devices. This has led to the growing demand for miniaturized and reliable ICs. The growth in smartphone penetration will trigger the demand for LTCC substrates in the consumer electronics sector. However, the market may decline due to the fragmentation of the smartphone market in some regions.

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LTCC Market – Regional Presence:
Geographically, Asia pacific is the largest and prominent market for the growth of LTCC due to the development of large industries and urbanization, and is expected to continue in the future forecast period. North America region is the second largest market due to the development of large consumer base and their applications. Europe and Middle East witnesses a major growth due to the new technological growth.

Some of the Key Players Profiled in this LTCC Market Report are:
Some of the Key players in the global market areKyocera Corporation, Dupont, CeramTec, Murata, Kyocera, Taiyo Yuden, KOA Corporation, Yokowo, Hitachi Metals, Nikko, Soshin Electric, Bosch, and others.

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