Global LTCC and HTCC Market Latest Trends and Future Growth Study 2022-2030

In 2021, the LTCC and HTCC market size stood at $2,919.0 million, and it is projected to grow at a CAGR of 3.9% from 2021 to 2030, to reach $4,125.6 million by 2030. This is ascribed to the increased industrial usage of ceramic substrates in sectors, including telecommunications, automotive, and consumer electronics. Moreover, the surging demand for low-cost small-circuit boards leads to the increased consumption of ceramic substrates.

The most significant contributor to the revenue share of the LTCC and HTCC market was LTCC, amounting to 70%, in 2021. The category is expected to follow the same trend in the future as well. LTCC is defined as a ceramic substrate that facilitates high-frequency circuits. It has superior electrical and mechanical properties, such as limitless stacking, form-and-fit versatility, and high performance under extreme conditions, making it a better choice than HTCC. LTCC products are also utilized in wireless technologies and RF modules, facilitating regular communication.

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The key LTCC and HTCC market players are contributing to the increased R&D activities in this field. They are investing a high amount in R&D for effective production processes of LTCC and HTCC products. For example, the electronic devices segment of Kyocera Corporation invested $174.8 million in 2021 in R&D activities, which was 17% higher than last year. The investment's primary goal was to enhance the electrical and electronic devices portfolio.

The automotive sector acquired a significant share of the LTCC and HTCC market, amounting to 40% revenue generation, in 2021. The industry will also dominate the market in the coming years. This is ascribed to the surging demand for various automotive electronics, including telematics, and the increasing vehicle safety awareness. Moreover, countries such as Russia, India, Argentina, Thailand, and Brazil have a high demand for ceramics, due to the mass adoption of vehicle sensors and devices.

Wireless communication networks are witnessing a surge in demand, attributed to their cost-effectiveness, easy accessibility, high-speed connectivity, and flexibility. The LTCC technology usage is expanding in the fields, such as Bluetooth, WLAN, and mobile phone front ends, in the millimeter-wave and microwave frequency bands. The advancements in the technologies have been made by various companies for their new applications, which will facilitate them to expand in the 5G space. For example, Transmissive Metasurface Technology was introduced by KYOCERA Corporation to improve 5G and 6G networks' coverage, in April 2022.

Top Key Players in LTCC And HTCC Market:

KYOCERA Corporation
DuPont de Nemours Inc.
Murata Manufacturing Co. Ltd.
KOA Corporation
TDK Corporation
Hitachi Metals Ltd.
Yokowo Co. Ltd.
NGK SPARK PLUG CO. LTD.
MARUWA Co. Ltd.
Nikko Co. Ltd.

The development strategies adopted by industry players have also boosted the market growth. For instance, in Japan, KYOCERA Corporation announced the construction of two additional facilities at Kokubu Plant Campus in 2021. It will enhance the fine ceramic components production for manufacturing semiconductor equipment. Moreover, Murata Manufacturing Co. Ltd. started mass manufacturing a multilayer ceramic capacitor of size 0.6×0.3 mm2 in 2021, for automobile safety and powertrain applications.

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APAC held the largest share in the LTCC and HTCC market in 2021, attributing to the growing automotive and industrial electronics sectors in Japan, South Korea, India, and China. The demand for co-fired ceramics has increased over time, due to the rapid production of electronic products, which are extensively used in the telecommunications and automotive industries.

Thus, the increased adoption of wireless technology has led to a boom in the market, with increased efficiency of 5G and 6G networks.

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This release was published on openPR.