LTCC Market and HTCC Market are 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.
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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.
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.
Some of the key players in the LTCC market and HTCC market are KYOCERA Corporation (Japan), DowDuPont Inc. (US), Murata Manufacturing Co., Ltd. (Japan), KOA Corporation (Japan), Hitachi Metals, Ltd. (Japan), Yokowo Co., Ltd. (Japan), NGK SPARK PLUG CO., LTD. (Japan), MARUWA Co., Ltd. (Japan), Micro Systems Technologies (Switzerland), TDK Corporation (Japan), and NIKKO COMPANY (Japan). The key strategies adopted by the major players for enhancing their business revenue are new product developments, partnerships, and acquisition.
Key Questions Addressed by the Report
- Which are the major end-use industries of co-fired ceramic?
- Which process type is majorly used in co-fired ceramic?
- Which material type is majorly used in co-fired ceramic?
- Which largest and fastest-growing regional LTCC market and HTCC market?
- What are the major strategies adopted by leading market players?
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