Low Temperature Co-Fired Ceramics Market Share, Growth, Trend Analysis and Forecast from 2019-2025

The low temperature co-fired ceramics (LTCC) market is one of the emerging markets in the modern world, with considerable contribution in the global gross domestic product (GDP). The technology’s growing adoption has been witnessed primarily for applications in consumer electronics, automobile electronics, aerospace and military, and other sectors. For instance, American Technical Ceramics Corp. supplies the military-approved porcelain and ceramic multilayer capacitors, a high frequency fixed ceramic chip capacitors developed through LTCC technology. In microelectronics, DuPont LTCC tapes are utilized for developing complex ceramic structures for energy conversion systems, such as hydrogen fuel cells.

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GCC are expected to dominate the LTCC market during the forecast period (2020-2025). The growing adoption of these LTCC systems can be attributed to the wide range of dielectric constant values offered, which provide broad range of applications. However, glass-bonded ceramics (GBC) are expected to witness the fastest adoption during the forecast period (2020-2025). This can be primarily attributed to their highest range of dielectric constant values offered, which are the latest inventions in the LTCC systems.

The growing adoption has been witnessed primarily in the automobile electronics due to the incorporation of sensors at various parts of the vehicles, such as engines, power transmissions, and hydraulic braking units. These sensors are always exposed to high temperatures and harsh operating conditions, which leads to their performance degradation, when used over a prolonged period of time. Thus, this necessitates the adoption of LTCC technology for this sector.

China, North America, and Asia-Pacific & Japan (APJ) hold significant shares in the global low temperature co-fired ceramics market. In terms of revenue generation for this market, China has been dominating as the country possesses a very healthy business ecosystem of this technology. The country is well-equipped with ample amount of market players in each stage of the supply chain and has also been actively investing in new innovations and research and development (R&Ds). Also, Japan is considered to be the world’s top producer and exporter of the LTCC devices globally with a large ecosystem of the LTCC market players.

The competitive landscape of the low temperature co-fired ceramics market consists of different business and corporate strategies undertaken by the major players across the entire value chain to gain market presence. Some of the business strategies adopted by the market players of low temperature co-fired ceramics market are product developments and joint ventures. Adamant Namiki Precision Jewel Co., Ltd., American Technical Ceramics Corp., Api Technologies Corp., DuPont, Hitachi Metals, Ltd., KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, and Yokowo co., ltd., are some of the leading players in the global low temperature co-fired ceramics market.

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Most of the low temperature co-fired ceramics companies are of similar financial capability, and the industry landscape is very competitive because of the large number of players in the market. Innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, few of the companies are involved in the research and development for LTCC, with one or two entering into joint venture agreement to target a greater audience.

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Bis Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.