LTCC And HTCC Market By Product, By Application, By Region, And Segment Forecasts, 2021 – 2028

March 23, 2022

The global LTCC And HTCC market size is expected to reach USD 3.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% from 2021 to 2028. The market growth is attributable to rising investments in wireless communication technology along with increasing penetration of automotive electronics in vehicles. In co-fired ceramic devices, the ceramic support structure and any resistive, conductive, and dielectric materials are fired in a kiln. Typical devices include capacitors, resistors, inductors, transformers, and hybrid circuits. Cofired ceramic devices are also used for multi-layer packaging in the electronics industry, such as in military electronics, Micro Electromechanical Systems (MEMS), microprocessors, and RF applications.

Co-firing can be divided into Low Temperature Co-fired Ceramics (LTCC) and High Temperature Co-Fired Ceramics (HTCC) applications. In LTCC, the sintering temperature is below 900°C. This permits the co-firing with highly conductive materials (silver, copper, and gold). For HTCC, the sintering temperature is higher, at around 1,600°C. HTCC components generally consist of multilayers of alumina or zirconia with platinum, tungsten, and moly manganese metallization. Based on application, telecommunication is expected to be the fastest-growing segment in the market owing to rising digitalization, expansion of 5G network, and booming e-commerce platform, which enables the use of wireless technologies and equipment within the telecommunication industry.

Further key findings from the report suggest:

Based on product, the LTCC segment held a share of over 73.0% of the overall market in 2020. Its high share is attributable to its superior characteristics and limited drawbacks compared to other technologies
Based on application, the telecommunication segment is anticipated to register the highest growth rate of 4.0% over the forecast period, owing to expansion of wireless communication technologies
Based on region, North America is expected to progress at a CAGR of 3.8% over the forecast period owing to growing need for automotive electronics in the region, which is attributable to rising production of EVs
LTCC is an evolving technology and thus gaining traction in various applications. For example, in August 2021, Mini-Circuits developed a new series of filters based on LTCC technology that caters to the millimeter wave 5G industry. The company also received a patent for the same
Fluctuations have been witnessed in raw material pricing owing to an imbalance in the demand-supply scenario during the COVID-19 pandemic in 2020. Since the beginning of 2021, production has been affected too owing to an increase in energy and freight costs

LTCC And HTCC Market Segmentation

Grand View Research has segmented the global LTCC And HTCC market on the basis of product, application, and region:

LTCC And HTCC Product Outlook (Revenue, USD Million, 2017 – 2028)