LTCC and HTCC Market Growth Analysis | 2023-2028

Market Insights

The LTCC and HTCC market was estimated at USD 3.17 billion in 2022 and is likely to grow at a CAGR of 3.77% during 2023-2028 to reach USD 3.96 billion in 2028.

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The prime factor that is contributing to the demand for LTCCs and HTCCs is the rising demand for high-performance miniature electronic devices.

What are LTCC and HTCC?

LTCC and HTCC are types of co-fired ceramics. LTCC stands for Low-Temperature Co-fired Ceramic. HTCC stands for High-Temperature Co-fired Ceramic. Co-fired ceramic devices are ceramic microelectronic devices where the entire ceramic support structure and any resistive, conductive, and dielectric materials are fired in a kiln at the same time.

LTCC and HTCC include devices such as inductors, capacitors, transformers, resistors, and hybrid circuits. Co-fired ceramics are used for the strong packaging and assembly of electronic components.

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Segments' Analysis

By Process Type

Based on the process type, the market is segmented as LTCC and HTCC. The LTCC segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. The extensive application areas of LTCC, such as in capacitors, multi-chip modules, high-recurrence modules, inductors, conductors, and radio-recurrence transformers are expected to drive the growth of this segment during the forecast period.

By Material Type

Based on the material type, the market is segmented as glass-ceramic and ceramic. The glass-ceramic segment held the larger share of the market in 2022 and is expected to lead the market during the forecast period. High performance coupled with low cost is driving the growth of the LTCC market during the forecast period.

By End-Use Industry Type

Based on the end-use industry type, the market is segmented as automotive, telecommunications, aerospace & defense, medical, and others. The automotive segment dominates the market owing to the widespread usage of co-fired ceramics in the industry.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, South Korea, and Taiwan being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the electronics manufacturing industry which is generating huge demand for LTCC and HTCC. The presence of a significant number of LTCC and HTCC manufacturers in the Asia-Pacific region will also boost market growth. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Process Type

• LTCC
• HTCC

By Material Type

• Glass-Ceramic
• Ceramic

By End-Use Industry Type

• Automotive
• Telecommunications
• Aerospace & Defense
• Medical
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major LTCC and HTCC manufacturers are-

• Kyocera Corporation
• DowDuPont Inc.
• Murata Manufacturing Co., Ltd.
• KOA Corporation
• Hitachi Metals, Ltd.
• TDK Corporation
• Yokowo Co., Ltd.
• NGK Spark Plug Co., Ltd.
• Maruwa Co., Ltd.
• Micro Systems Technologies
• Nikko Company

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the process types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.