Low-Temperature Co-Fired Ceramic (LTCC) Substrates: Global Strategic Business Report

Global Low-Temperature Co-Fired Ceramic (LTCC) Substrates Market to Reach $6.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Low-Temperature Co-Fired Ceramic (LTCC) Substrates estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$6.5 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027. Glass Ceramics, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$3.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Ceramic Composites segment is readjusted to a revised 5.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 9.9% CAGR

The Low-Temperature Co-Fired Ceramic (LTCC) Substrates market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 9.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$883.7 Million by the year 2027.

Glass-Bonded Ceramics Segment to Record 5.4% CAGR

In the global Glass-Bonded Ceramics segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$596.8 Million in the year 2020 will reach a projected size of US$837.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Dow, Inc.
• DuPont de Nemours, Inc.
• Koa Speer Electronics, Inc.
• Kyocera Corporation
• Murata Manufacturing Co., Ltd.
• Selmic Oy
• Taiyo Yuden Co., Ltd.
• TDK Corporation
• Yokowo Co., Ltd.

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• Global competitiveness and key competitor percentage market shares
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