$1.1 Bn LTCC Market and HTCC Market - Global Forecast to 2024: Opportunities in Growing Demand for Nanotechnology and High-End Computing Systems
DUBLIN, July 17, 2019 /PRNewswire/ -- The "LTCC Market and HTCC Market by Process Type (LTCC, HTCC), Material Type (Glass-Ceramic, Ceramic), End-use Industry (Automotive, Telecommunications, Aerospace & Defense, Medical), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The LTCC Market and HTCC Market Size is Estimated to be $916 Million in 2019 and is Projected to Reach USD 1.1 Billion by 2024, at a CAGR of 4.5% Between 2019 and 2024.
Co-fired ceramics are used in different industries such as aerospace & defense, automotive, telecommunications, medical, and industrial. They exhibit various properties such as non-corrosiveness, environmental resistance, thermal dissipation, and resistance to thermal shock. The superior features offered by co-fired ceramics are enabling its usage in various end-use industries.
LTCC process type accounted for the largest share, in terms of value and volume, of the overall LTCC market and HTCC market
LTCC process dominated the overall LTCC market and HTCC market in 2018. Co-fired ceramic possess characteristics such as low signal loss, better performance, and high reliability at a higher temperature. An LTCC structure consists of multiple dielectric layers, low-loss conductors, and via-holes for interconnecting multiple layers. The LTCC process offers better performance at high temperatures, as ceramic materials used in LTCC offer temperature stability.
Glass-ceramic material type accounted for the largest share, in terms of value and volume of the overall LTCC market and HTCC market
Glass-ceramic material type dominated the overall LTCC market and HTCC marketing 2018. The use of glass-ceramic material in the LTCC market and HTCC market offers various advantages such as cost-effectiveness, design flexibility, environmental resistance, hermeticity, mechanical rigidity, thermal dissipation, and resistance to thermal shock. The glass-ceramic material is used in LTCC co-fired ceramic products.
The LTCC market and HTCC marketing the automotive end-use industry is expected to register the highest CAGR between 2019 and 2024
The increasing use of co-fired ceramic in the automotive industry is mainly due to the growing demand for sensors and radar modules. The co-fired ceramic is used in various applications of the vehicle as these products have proven to be cost-effective and can sustain very harsh environments. The use of co-fired ceramic in automotive offers better functionality of vehicles.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the LTCC Market and HTCC Market 4.2 LTCC Market and HTCC Market, By End-Use Industry and Region 4.3 LTCC Market and HTCC Market, B Process Type
4.4 LTCC Market and HTCC Market, By Material Type 4.5 LTCC Market and HTCC Market, By Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for Miniaturized and High-Performance Electronic Devices 5.2.1.2 Higher Demand for Ceramic Substrates Than Traditional Substrates in High-Frequency Applications 5.2.2 Restraints 5.2.2.1 Issues Related to Reparability 5.2.3 Opportunities 5.2.3.1 Growing Demand for Nanotechnology and High-End Computing Systems 5.2.4 Challenges 5.2.4.1 High Price of Raw Materials 5.3 Porter's Five Forces Analysis
6 Macroeconomic Overview and Key Trends 6.1 Introduction 6.2 Trends and Forecast of GDP 6.3 Trends in Aerospace Industry 6.4 Trends in Automotive Industry
7 LTCC Market and HTCC Market, By Process Type 7.1 Introduction 7.2 LTCC 7.2.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types 7.3 HTCC 7.3.1 HTCC Components Can Withstand Higher Radio Frequencies
8 LTCC Market and HTCC Market, By Material Type 8.1 Introduction 8.2 Glass-Ceramic Material 8.2.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market 8.3 Ceramic Material 8.3.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market
9 LTCC Market and HTCC Market, By End-Use Industry 9.1 Introduction 9.2 Automotive 9.2.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry 9.3 Telecommunications 9.3.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry 9.4 Aerospace & Defense 9.4.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry 9.5 Medical 9.5.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers 9.6 Others
10 LTCC Market and HTCC Market, By Region 10.1 Introduction 10.2 Asia Pacific 10.2.1 China 10.2.1.1 With the World's Largest Electronics Manufacturing Cluster, China is A Key LTCC Market and HTCC Market 10.2.2 Japan 10.2.2.1 Increasing Urbanization and Industrialization is Supporting the Market Growth 10.2.3 South Korea 10.2.3.1 Strong Focus on the Electronics Industry Growth is Driving the Market 10.2.4 Taiwan 10.2.4.1 Presence of Prominent Electronics Industry in Taiwan is Boosting the Market for Co-Fired Ceramics 10.2.5 Rest of Asia Pacific 10.3 Europe 10.3.1 Germany 10.3.1.1 The Growing Automotive Manufacturing Sector is Positively Impacting the Market 10.3.2 France 10.3.2.1 Presence of Industrial Hubs and High Level of Labor Productivity are Driving the Market 10.3.3 UK 10.3.3.1 The UK is A Lucrative Market for Co-Fired Ceramic Due to the Presence of Automotive Giants in the Country 10.3.4 Italy 10.3.4.1 The Growing Automotive and Industrial Sectors are Fostering the Market Growth 10.3.5 Poland 10.3.5.1 Presence of Automotive and Aviation Industry is Fueling the Market in Poland 10.3.6 Rest of Europe 10.4 North America 10.4.1 US 10.4.1.1 Stable Growth of the Consumer Electronics Industry is A Major Boost for the Market 10.4.2 Canada 10.4.2.1 Canada is the Second-Largest Market in North America Due to the Growing Telecommunications Industry 10.5 Middle East & Africa (MEA) 10.5.1 UAE 10.5.1.1 End-Use Industries Such as Telecommunications and Aerospace & Defense Generate High Demand for Co-Fired Ceramic 10.5.2 Saudi Arabia 10.5.2.1 Government Spending on Urban Development Projects is Driving the Market 10.5.3 Rest of Mea 10.6 Latin America 10.6.1 Brazil 10.6.1.1 The Fast-Growing Automotive Industry in the Country Offers High Growth Potential for the LTCC Market and HTCC Market 10.6.2 Mexico 10.6.2.1 The Growing Demand for Electronic Products is Expected to Help in the Market Growth 10.6.3 Rest of Latin America
11 Competitive Landscape 11.1 Introduction 11.2 Competitive Leadership Mapping 11.3 Competitive Scenario
12 Company Profiles 12.1 Kyocera Corporation 12.2 DowDuPont Inc. 12.3 Murata Manufacturing Co., Ltd. 12.4 KOA Corporation 12.5 Hitachi Metals, Ltd. 12.6 TDK Corporation 12.7 Yokowo Co., Ltd. 12.8 NGK Spark Plug Co., Ltd. 12.9 Maruwa Co., Ltd. 12.10 Micro Systems Technologies 12.11 Nikko Company 12.12 Other Companies 12.12.1 API Technologies Corp 12.12.2 ACX Corp. 12.12.3 Schenzhen Sunlord Electronics Co., Ltd. 12.12.4 SOAR Technology Co., Ltd. 12.12.5 Schott Electronic Packaging 12.12.6 ECRI Microelectronics 12.12.7 Selmic OY 12.12.8 Natel Engineering Co., Ltd. 12.12.9 Adtech Ceramics 12.12.10 Egide
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