LTCC and HTCC Market (By Product: LTCC, HTCC; By Application: Automotive, Telecommunication, Aerospace & Defense, Consumer Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Jan 2022 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global LTCC and HTCC market size was valued at USD 3.9 billion in 2020, and is predicted to be worth around USD 5.9 billion by 2030, registering a CAGR of 4.5% during the forecast period 2022 to 2030.

LTCC and HTCC Market Size 2022 to 2030

Growth Factors

The growing requirement of microelectronics in vehicles and aircraft for a safer experience is anticipated to drive market growth over the forecast period. LTCC And HTCC ceramic substrates are widely used in numerous industries such as automotive, telecommunication, and consumer electronics. Rising concerns to develop high-performance small-sized circuit boards for electronic components at low manufacturing costs are likely to drive the growth of the market over the coming years.

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.

Report Coverage

Report Scope Details
Market Size US$ 5.9 billion by 2030
Growth Rate CAGR of 4.5% From 2022 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Hitachi Metals Ltd.; Maruwa Co. Ltd.; KOA Corporation; TDK Corporation; Kyocera Corporation

By Application Analysis

The automotive segment held the largest revenue share of over 43.0% in 2020. LTCC And HTCC are used in automotive electronics for a safer and enhanced driving experience. 

The inclination of consumers toward the safety of vehicles, adoption of telematics, and government-defined safety norms are the prominent factors driving the demand for automotive electronics. Key applications of automotive electronics include Advanced Driver Assistance Systems (ADAS), safety, powertrain, and infotainment.

These applications have created a need for microcontrollers, actuators, processors, and sensors, which, in turn, are expected to augment market growth.

Telecommunication is another key application segment of the market for LTCC And HTCC. Radio, microwaves, and millimeter waves are used for wireless communication.

By Product Analysis

Based on product, the LTCC segment accounted for the largest revenue share of more than 74.0% in 2020. The high share of LTCC can be attributed to its properties such as higher operating temperature, excellent thermal properties, lower expansion coefficient, high reliability, and integration density. 

HTCC is an older technology used in manufacturing ceramic PCBs. Its advantages include chemical stability, lower material costs, high heat dissipation coefficient, high mechanical strength, and high wiring density. HTCC components usually consist of multilayers of zirconia or alumina with tungsten, platinum, and moly manganese metallization.

By Regional Analysis

Asia Pacific held the largest revenue share of 42.0% in 2020 owing to the rapidly flourishing automotive, consumer, and industrial electronics sectors in countries such as India, China, South Korea, and Japan. 

The ongoing incentive schemes for EVs by governments of different countries are anticipated to attract auto-electronic product manufacturers to the region. Furthermore, with the advent of 5G technology,

Key Players

  • Hitachi Metals Ltd.

  • Kyocera Corporation

  • Murata Manufacturing Co., Ltd.

  • TDK Corporation

  • NGK Spark Plug Ltd.

  • Yokowo Co., Ltd.

  • KOA Corporation

  • Maruwa Co. Ltd.

Market Segmentation

  • By Product 

    • LTCC

    • HTCC

  • By Application

    • Automotive

    • Telecommunication

    • Aerospace & Defense

    • Consumer Electronics

    • Others

  • Regional

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

The LTCC and HTCC market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of LTCC and HTCC market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global LTCC and HTCC market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the LTCC and HTCC market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted LTCC and HTCC market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the LTCC and HTCC capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of LTCC and HTCC by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global LTCC and HTCC market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major LTCC and HTCC market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of LTCC and HTCC market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the LTCC and HTCC industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

LTCC and HTCC market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to LTCC and HTCC market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of LTCC and HTCC market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new LTCC and HTCC market. These factors have benefited the growth of the global market for LTCC and HTCC. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for LTCC and HTCC. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of LTCC and HTCC are as follows:

  • History Year: 2019-2020
  • Base Year: 2021
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:


- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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