Low Temperature Co-fired Ceramic (LTCC) Market Size and Growth Rate:

“The Global Low Temperature Co-fired Ceramic (LTCC) Market is expected to reach US$ 3,900.2 Mn by 2023 owing to growth in R&D for the development of newer products”

Low Temperature Co-fired Ceramic (LTCC) Market Growth Drivers and Restraints:

The global low temperature co-fired ceramic (LTCC) market is expected to reach US$ 3,900.2 Mn by 2023. Low Temperature Co-fired Ceramic (LTCC), is multilayered glass ceramic substrates that is co-fired with low resistance metal conductors such as Ag or Cu, at low firing temperatures (less than 100° C). It is composed of glass and alumina and also referred to as glass ceramics. The global low temperature co-fired ceramic (LTCC) market is driven by its increased applicability in electronics and automobile industries. It is mainly used in the electronic ceramics that are used as electronic materials. Furthermore, LTCC is widely used in the RF applications for high density small outline module substrates. Additionally, continuous research & development and technological breakthroughs to produce cost effective products are surging the growth of global low temperature co-fired ceramic (LTCC). On the flip side, issues related to reparability, fluctuating cost of raw material, and high cost of the products are hampering the growth of low temperature co-fired ceramic (LTCC) market.

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Duplexer Dominate the Global Low Temperature Co-fired Ceramic (LTCC) Market

Based on the application, global low temperature co-fired ceramic (LTCC) market is segmented into bluetooth, front end transmitter, front end receiver, duplexer, and band pass filter. Duplexer tends to dominate the global low temperature co-fired ceramic (LTCC) market due to its applicability in radar and radio communication systems. Duplexer isolates the receiver from the transmitter while permitting them to share a common antenna. Its increased usability in RF applications for high density small outline module substrates are also surging the growth of duplexer segment in low temperature co-fired ceramic (LTCC) market.

North America Leads the Global Low Temperature Co-fired Ceramic (LTCC) Market

PBI’s global low temperature co-fired ceramic (LTCC) market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global low temperature co-fired ceramic (LTCC) market through 2013-2018 and expected to dominate over 2019-2023 owing to their technological advancement and improved manufacturing facilities. Their major area of focus is military, communication, automobile, and aviation. The applicability of low temperature co-fired ceramic (LTCC) in radio frequency and radar has increased the growth of low temperature co-fired ceramic (LTCC) market in North American region. Europe low temperature co-fired ceramic (LTCC) market accounted for a significant share in global low temperature co-fired ceramic (LTCC) market due to the presence of major manufacturers especially in Germany. Asia Pacific low temperature co-fired ceramic (LTCC) market expected to grow at a significant rate due to their emerging economies and technological advancements. Additionally, Japan is the largest producer and exporter of low temperature co-fired ceramic (LTCC) in the world.
Launch of newer treatment therapies, and strategic alliances are the key strategies adopted by market players

Global low temperature co-fired ceramic (LTCC) market further reveals that the key player’s increasingly adopting strategies such as launch of newer treatment therapies, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
For instance, in December 2015, Hitachi has developed ceramic package substrate to enhance data processing capability ten times greater in information technology equipment.

Key player’s profiles in the report are Murata Manufacturing Co., Ltd. (Japan), Kyocera Corporation (Japan), KOA Speer Electronics, Inc. (KOA Corporation), Yokowo Co., Ltd. (Japan), Hitachi Metals, Ltd. (Japan), Nikko Company (Japan), Soshin Electric Co. Ltd. (Japan), IMST GmbH (Germany), Micro Systems Engineering (Micro Systems Technologies) (Germany), VIA Electronic GmbH (Germany), API Technologies Corporation (US), Selmic Oy (Finland), Colorado Tech Supply (US), Neo Technology Solutions (US), NTK Technologies (US), NORTHROP GRUMMAN (UK), PILKOR CND Co Ltd (South Korea), Advanced Ceramic X (Taiwan), and Walsin Technology (Taiwan).

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Detailed Segmentation of Low Temperature Co-fired Ceramic (LTCC) Market:

By Product Type
• LTCC Components
• LTCC Substrates
• LTCC Modules

By Application
• Bluetooth
• Front End Transmitter
• Front End Receiver
• Duplexer
• Band Pass Filter

Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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