LTCC Market and HTCC Market worth $1.1 billion by 2024 | KYOCERA Corporation, DowDuPont, Murata Manufacturing, KOA Corporation, TDK Corporation, Hitachi Metals, Yokowo, NGK SPARK PLUG, MARUWA Co., Ltd, Micro Systems Technologies and NIKKO COMPANY are Majo

The report "LTCC Market and HTCC Market by Process Type (LTCC, HTCC), Material Type (Glass-Ceramic, Ceramic), End-use Industry (Automotive, Telecommunications, Aerospace & Defense, Medical), Region (Asia Pacific, North America, Europe, MEA, LA) - Global Forecast to 2024", is expected to grow from USD 916 million in 2019 to USD 1.1 billion by 2024, at a CAGR of 4.5% during the forecast period. The market is witnessing significant growth because of the growing demand from various end-use industries such as aerospace & defense, automotive, and telecommunications. Co-fired ceramic has good mechanical properties, such as excellent physical, chemical inactivity, hermicity, and high thermal stability properties.

Browse 73 market data Tables and 48 Figures spread through 119 Pages and in-depth TOC on "LTCC Market and HTCC Market by Process Type (LTCC, HTCC), Material Type (Glass-Ceramic, Ceramic), End-use Industry (Automotive, Telecommunications, Aerospace & Defense, Medical), Region (Asia Pacific, North America, Europe, MEA, LA) - Global Forecast to 2024"

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Automotive was the largest end-user industry in 2019
The automotive end-use industry requires co-fired ceramics to have more functionality in electronic devices, electronic packaging solutions to be smaller, lighter, more complex, operate at higher frequencies, and accommodate more components per unit area. Co-fired ceramics are used mainly for their superior properties such as excellent physical, chemical inactivity, hermicity, and high thermal stability properties. The thermal stability properties of co-fired ceramic help manufacturers in increasing the overall efficiency of automotive.

LTCC process type is the fastest-growing segment in the overall market.
Co-fired ceramic is available in two process types, namely, LTCC (Low-Temperature Co-Fired Ceramic), and HTCC (High-Temperature Co-Fired Ceramic). LTCC process type is expected to register the highest CAGR during the forecast period as it is used in various applications such as high radio frequency, wireless devices, antennas, and radar.

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Glass-ceramic material type is the fastest-growing segment in the overall market.
Co-fired ceramic is available in two material types, namely, glass-ceramic and ceramic. Glass-ceramic material is expected to register the highest CAGR during the forecast period as it can use noble metals such as gold, silver, and platinum for metallization on its layer.

The Asia Pacific is expected to be the largest market for co-fired ceramic during the forecast period.
The Asia Pacific is one of the leading LTCC market and HTCC market. The growing demand from end-use industries such as aerospace & defense, automotive, and telecommunications is driving the LTCC market and HTCC market in the region. The region has a presence of major co-fired ceramic manufacturers who focus on the adoption of various business strategies to increase the production of co-fired ceramic and meet the growing demand from end users. For instance, KOA Corporation acquired VIA Electronic GmbH to extend its LTCC market and HTCC market in Japan, in June 2017.

Some of the prominent players in the LTCC market and HTCC market are KYOCERA Corporation (Japan), DowDuPont Inc. (US), Murata Manufacturing Co., Ltd. (Japan), KOA Corporation (Japan), TDK Corporation (Japan), Hitachi Metals, Ltd. (Japan), Yokowo Co., Ltd. (Japan), NGK SPARK PLUG CO., LTD. (Japan), MARUWA Co., Ltd. (Japan), Micro Systems Technologies (Switzerland), and NIKKO COMPANY (Japan). The strategies undertaken by these players include partnerships, new product developments, and acquisition.

Recent Developments:
• In June 2018, KYOCERA Corporation developed a new ultra-small robust ceramic UHF RFID Tag for tracing surgical instruments for the medical market. The product is made up of LTCC with an embedded antenna which helps in withstanding high temperatures up to 5432-degree Fahrenheit. The product helps in faster checkup in an operation theater that helps in saving time and cost. Thus, increasing the demand for LTCC.
• In May 2017, KYOCERA Corporation developed an ultra-small ceramic package, utilizing a proprietary multilayer structure with a built-in RFID antenna. These RFID packages consist of Low-Temperature Co-Fired Ceramic (LTCC), which helps in giving low-loss and high-frequency benefits. This product has increased its demand for a wide range of products, thus resulting in the expansion of the LTCC market and HTCC market.
• In July 2017, KYOCERA Corporation acquired VIA Electronic GmbH which helped the KOA Corporation to extend its LTCC market and HTCC market. This acquisition made KOA Corporation efficient in providing customized LTCC multilayer substrates. Thus, this acquisition helped the company to get market recognition due to the production of high product quality and process stability.
In December 2015, Hitachi Metals, Ltd. developed a ceramic package substrate that enhances data processing capability ten times higher in information technology equipment. The Internet of things has driven the demand for technology, which requires an LTCC substrate to improve its performance. This ceramic package can form thin film layers which have excluded the use of silicon interposer, and a process step from the flow. These benefits result in the low cost of manufacturing.

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Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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