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Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) - Global Strategic Business Report

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    Report

  • 310 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302609

Global Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market to Reach $3.5 Billion by 2030

The global market for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) estimated at US$2.8 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2022-2030. LTCC, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Htcc segment is estimated at 2.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $634.4 Million, While China is Forecast to Grow at 3.8% CAGR

The Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) market in the U.S. is estimated at US$634.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$654.9 Million by the year 2030 trailing a CAGR of 3.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 50 Featured)

  • AMETEK, Inc.
  • Ferro Corporation
  • Schott AG
  • API Technologies Corporation
  • NGK Insulators Ltd.
  • Shenzhen Sunlord Electronics Co., Ltd.
  • Maruwa Co., Ltd.
  • Nikko Company
  • Adamant Namiki Precision Jewel Co., Ltd.
  • Selmic Oy
  • ACX Corporation
  • NEOTech Inc.
  • Micro Systems Technologies
  • RFIC Solutions
  • Industrial Technology Research Institute (ITRI)

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market

What is the estimated value of the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market?

The Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market was estimated to be valued at $2.8 Billion in 2022.

What is the growth rate of the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market?

The growth rate of the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market is 2.8%, with an estimated value of $3.5 Billion by 2030.

What is the forecasted size of the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market?

The Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market is estimated to be worth $3.5 Billion by 2030.

Who are the key companies in the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market?

Key companies in the Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market include AMETEK, Inc., Ferro Corporation, Schott AG, API Technologies Corporation, NGK Insulators Ltd., Shenzhen Sunlord Electronics Co., Ltd., Maruwa Co., Ltd., Nikko Company, Adamant Namiki Precision Jewel Co., Ltd. and Selmic Oy.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Effect of Pandemic on Key End-Use Industries of LTCC and HTCC
  • Manufacturing Automation
  • Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Automotive
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Communications Technology
  • Electrical & Electronics Equipment
  • Appliances
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • An Introduction to Ceramic Substrates and Co-fired Ceramic
  • Co-fired Ceramic
  • Components of Co-fired Ceramic Devices
  • Types of Ceramic Substrates Based on Materials
  • Types of Ceramic Substrates Based on Manufacturing Process
  • HTCC and LTCC: Primary Differences
  • Steps of LTCC Production
  • Applications of Co-fired Ceramic Substrates
  • Ceramic Substrates in Electronic Packaging
  • Global Market Prospects & Outlook
  • Key Market Drivers
  • Analysis by Process
  • World Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market by Process (2021 & 2027): Percentage Breakdown of Revenues for LTCC, and HTCC
  • Analysis by Application
  • World Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market by Application (2021F): Percentage Breakdown of Revenues for Automotive, Telecommunication, Consumer Electronics, Aerospace & Defense, and Other Applications
  • Regional Analysis
  • Global Market for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC): Percentage Breakdown of Revenues for Developed and Developing Regions (2021 & 2027)
  • Global Market for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) - Geographic Regions Ranked by % CAGR (Revenues) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Digital Transformation Drive to Rev Up Opportunities
  • Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
  • IoT Ecosystem to Underpin Future Growth
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • Growing Emphasis on Industrial Automation to Boost Market Prospects
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Rapidly Growing Uptake of MEMS to Underpin Market Expansion
  • Automotive Sector: Dominant Consumer of LTCC and HTCC Technology
  • World Automobile Production in Million Units: 2008-2022
  • Established Use Case in Aerospace & Defense Sector Augurs Well
  • Trends in Defense Electronics Vertical Support Future Growth
  • Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
  • Anticipated Post Pandemic Recovery in Commercial Aviation Sector to Augment Demand
  • Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Market to Gain from Sustained Demand Growth in Telecommunications Sector
  • Worldwide Shipments of Smartphones and Tablets (in Million Units) for the Years 2019, 2021 and 2023
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Global Wireless Communication Market (2018 & 2020): Percentage Breakdown of Traffic Volume by Mobile Device Type
  • World Internet Penetration Rate (in %) by Geographic Region: June 2021
  • Lucrative Opportunities in the Consumer Electronics Sector
  • Post Pandemic Recovery in Consumer Electronics Sector to Augment Prospects
  • Worldwide Shipments of Laptops (in Million Units) for the Years 2019, 2021 and 2023
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Expanding Role of Electronics in Healthcare Sector Bodes Well
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 3: World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Telecommunication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Telecommunication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 6: World 15-Year Perspective for Telecommunication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Consumer Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 9: World 15-Year Perspective for Consumer Electronics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 12: World 15-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 15: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for LTCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for LTCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 18: World 15-Year Perspective for LTCC by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for HTCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for HTCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 21: World 15-Year Perspective for HTCC by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2023 & 2030
  • TABLE 22: World Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2021 and % CAGR
  • TABLE 25: World 15-Year Perspective for Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Low-Temperature Co-Fired Ceramic (LTCC) and High-Temperature Co-Fired Ceramic (HTCC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • SOUTH KOREA
  • TAIWAN
  • REST OF ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AMETEK, Inc.
  • Ferro Corporation
  • Schott AG
  • API Technologies Corporation
  • NGK Insulators Ltd.
  • Shenzhen Sunlord Electronics Co., Ltd.
  • Maruwa Co., Ltd.
  • Nikko Company
  • Adamant Namiki Precision Jewel Co., Ltd.
  • Selmic Oy
  • ACX Corporation
  • NEOTech Inc.
  • Micro Systems Technologies
  • RFIC Solutions
  • Industrial Technology Research Institute (ITRI)