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LTCC and HTCC Market Is Predicted To Reach USD 4,125.6 Million by 2030

03-15-2023 05:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

LTCC and HTCC Market Is Predicted To Reach USD 4,125.6 Million

High-Temperature Co-Fired Ceramics (HTCC) and Low-Temperature Co-fired Ceramics (LTCC) applications fall under co-firing. The sintering temperature of LTCC is less than 900°C. This makes it possible to co-fire extremely conductive materials.

The temperature for HTCC is greater, at around 1,600°C. Further, HTCC components typically consist of numerous layers of alumina or zirconia metalized with tungsten, platinum, and molybdenum.

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By 2030, it is predicted that the LTCC and HTCC market would reach USD 4,125.6 million from USD 2,919.0 million in 2022, according to P&S Intelligence. The widespread use of ceramic substrates in a variety of industries, including telecommunications, automotive, and consumer electronics, is what is causing the market to grow.
Further, it is expected that there will be a rise in expenditures on wireless technologies and RF modules as a result of the increased need for high-speed internet in semi-urban and urban areas. These modules rely on LTCC products for consistent communication quality; hence, such expenditures foster the market's expansion.

Manufacturers of LTCC and HTCC are boosting their R&D spending in an effort to improve their manufacturing processes. For instance, the electronic devices group section of Kyocera Corporation spent USD 174.8 million on R&D, an increase of about 17% from 2020.

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With a 40% revenue share, the automotive sector dominates the LTCC and HTCC industries, and this dominance is anticipated to persist in the coming 8 years. The need for automotive electronics is being driven by the use of telematics, customers' increasing attention to car safety, and regulatory safety standards.

Additionally, a significant volume of demand for these ceramics has been generated by the increasing need for automobiles in numerous nations, including Argentina, Russia, Brazil, India, and Thailand. This is because these ceramics are used in the devices and sensors of vehicles.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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