Low Temperature Co-Fired Ceramics Market - A Global and Regional Analysis

Focus on Application, Type, and Region - Analysis and Forecast, 2021-2031

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A quick peek into the report

Market Report Coverage

Low Temperature Co-Fired Ceramics Market
Forecast Period: 2021-2031
CAGR During Forecast Period: 7.6%

Low Temperature Co-Fired Ceramics Market

Base Year

2020

Market Size in 2020

$3,778.2 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$8,410.7 Million

CAGR During Forecast Period

7.6%

Number of Tables

52

Number of Pages

133

Number of Figures

17

Market Segmentation

•    Application:  Consumer Electronics, Automotive Electronics, Aerospace and Military Electronics, Others (Telecommunications, Medical Devices)

•    Type: Glass Ceramics (GC), Glass Ceramics Composite (GCC), Glass-Bonded Ceramics (GBC)

Regional Segmentation

•    North America: U.S., Canada, and Mexico

•    Europe: Germany, France, Italy, Spain, and Rest-of-Europe

•    U.K.

•    China

•    Asia-Pacific and Japan: Japan, South Korea, Singapore, Taiwan, and Rest-of-Asia-Pacific

•    Rest-of-the-World: South America and Middle East and Africa

Market Growth Drivers

•    Advantages of LTCC over Printed Circuit Boards

•    Growing Trend of Miniaturization in the Electronic Industry

•    Increasing Demand for Light Emitting Diodes (LEDs) Boosting the Demand for LTCC

•    Increasing Acceptance of LTCC Technology in Various End-Use Industries

Market Challenges

•    Issues Related to Shrinkage Impacting the Performance of LTCC

•    Low Thermal Conductivity of LTCC

Market Opportunities

•    Growing Usage of Microelectronics in the Automotive Industry

•    Growing Acceptance of 5G Creating Opportunity for LTCC Manufacturers

•    Reliability of LTCC in High Electrical Voltage Applications

•    Increasing Usage for Micro and Non-Microelectronics Boosting the LTTCC Demand

Key Companies Profiled

Adamant Namiki Precision Jewel Co., Ltd., Api Technologies, DuPont, KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo co., ltd., Selmic Oy, Sunlord

How This Report Can Add Value

A dedicated section focusing on the futuristic trends adopted by the key players operating in the global LTCC market

This report will help with the following objectives:

• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global low temperature co-fired ceramics market
• Extensive competitive benchmarking of top 15 players (including OEMs and component providers) offering a holistic view of the global low temperature co-fired ceramics landscape
• Qualitative and quantitative analysis of low temperature co-fired ceramics at the region and country-level granularity by application and product segments

Product/Innovation Strategy: The product segment helps the reader in understanding different types of LTCC (glass ceramics, glass ceramic composites, and glass-bonded ceramics) associated with low temperature co-fired ceramics. The report also includes a thorough qualitative and quantitative analysis of various application areas such as consumer electronics, automotive electronics, aerospace and military electronics, and others. Additionally, the research also covers regional and country-wise analysis for different applications and types in the low temperature co-fired ceramics market.

Growth/Marketing Strategy: Players operating in the global low temperature co-fired ceramics market are developing innovative products to enhance the capabilities of their product offerings. Growth/marketing strategies will help the readers in understanding the revenue-generating strategies adopted by the players operating in the low temperature co-fired ceramics market.

Key Questions Answered in the Report

•    What are the major factors and trends that are impacting the low temperature co-fired ceramics (LTCC) market?
•    How has COVID-19 impacted the LTCC market across the globe?
•    What are the steps taken by the existing players to improve their market positioning?
•    Which are the leading types and applications in the market, and how are they expected to perform in the coming years?
•    What is the expected revenue for the global LTCC market from 2021-2031?
•    What are the consumption patterns of low temperature co-fired ceramics across different regions and countries?

Report Summary

The global low temperature co-fired ceramics market is expected to reach $8,410.7 million by 2031.

Low Temperature Co-fired Ceramics Market

Low temperature co-fired ceramics (LTCC) is a multi-layer glass ceramic substrate that is co-fired with low resistance metal conductors at low firing temperature (< 1000?). A typical monolithic structure of LTCC consists of multiple dielectric layers, screen-printed low-loss conductors, resistors and capacitors, and others. LTCC technology is extremely suitable in a diverse range of applications such as high-volume automotive systems, high-frequency RF, and microwave, wireless and radar products.

The low temperature co-fired ceramics market has been developing significantly since 1980 by Hughes and DuPont for military systems. Since then, LTCC technology has evolved continually and transformed the electro-ceramic industry by developing unique products and systems. The ecosystem of the low temperature co-fired ceramics market comprises LTCC substrate manufacturers, LTCC package producers, LTCC device processing companies, LTCC module manufacturers, and end users.

Low Temperature Co-Fired Ceramics Market Overview

The global low temperature co-fired ceramics market is expected to reach $8,410.7 million by 2031, with a CAGR of 7.6% during the forecast period 2021-2031. The growth in the market is expected to be driven by consistent technological developments in the electronics industry, such as the miniaturization of electronic devices.

Market Segmentation

Low Temperature Co-Fired Ceramics Market by Application

The growing adoption of LTCC material has been witnessed primarily in automobile electronics due to the incorporation of sensors in 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. 

Low Temperature Co-Fired Ceramics Market by Type

The growing adoption of GCC-based LTCC systems can be attributed to the wide range of dielectric constant values offered, which provide a broad range of applications. The materials for GCC type of dielectrics for LTCC contain a bit lower glass composition (20-50% volume). The glass phase helps in the sintering process, while the ceramic phase is responsible for the electrical, mechanical, and thermal properties. 

Low Temperature Co-Fired Ceramics Market by Region

China has been leading the market due to increased demand for electronics. The country is well-equipped with an 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&D). 

Key Market Players and Competition Synopsis

Adamant Namiki Precision Jewel Co., Ltd., Api Technologies, DuPont, KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo co., ltd., Selmic Oy, Sunlord

The companies that are profiled in the report have been selected based on a selective pool of players, primarily tier-1 (which holds 50-55% of the market), and mid-segment players (comprising 30-35% share), and small and emerging companies (holding the balance 20-25% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the low temperature co-fired ceramics industry.

Table of Contents

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1.1    Industry Outlook
        1.1.1    Trends: Industry Dynamics Defining the Future Trends of Global Low Temperature Co-Fired Ceramics (LTCC) Market
                    1.1.1.1    Increasing Demand for LTCC in 5G Market
                    1.1.1.2    Increasing Demand from Military and Defense, Aviation, Automotive, and MEMS Sectors
        1.1.2    Supply Chain Analysis
        1.1.3    Ecosystem/Ongoing Programs
                    1.1.3.1    Consortiums, Associations, and Regulatory Bodies
                    1.1.3.2    Government Programs and Research Programs
                    1.1.3.3    Programs by Research Institutions and Universities
1.2    Business Dynamics
         1.2.1    Business Drivers
                    1.2.1.1    Advantages of LTCC over Printed Circuit Boards
                    1.2.1.2    Growing Trend of Miniaturization in the Electronic Industry
                    1.2.1.3    Increasing Demand for Light Emitting Diodes (LEDs) Boosting the Demand for LTCC
                    1.2.1.4    Increasing Acceptance of LTCC Technology in Various End-Use Industries
        1.2.2    Business Challenges
                    1.2.2.1    Issues Related to Shrinkage Impacting the Performance of LTCC
                    1.2.2.2    Low Thermal Conductivity of LTCC
        1.2.3    Business Strategies
                    1.2.3.1    Product Development
        1.2.4    Corporate Strategies
                    1.2.4.1    Partnerships and Joint Ventures
        1.2.5    Business Opportunities
                    1.2.5.1    Growing Usage of Microelectronics in the Automotive Industry
                    1.2.5.2    Growing Acceptance of 5G Creating Opportunity for LTCC Manufacturers
                    1.2.5.3    Reliability of LTCC in High Electrical Voltage Applications
                    1.2.5.4    Increasing Usage for Micro and Non-Microelectronics Boosting the LTTCC Demand
1.3    Impact of COVID-19 on LTCC Market

2.1    Global Low Temperature Co-Fired Ceramics Market – Applications and Specifications
         2.1.1    Consumer Electronics
         2.1.2    Automotive Electronics
         2.1.3    Aerospace and Military Electronics
         2.1.4    Others (Telecommunications, Medical Devices)
2.2    Low Temperature Co-Fired Ceramics Market – Demand Analysis (by Application)
         2.2.1    Demand Analysis (by Application), Value Data

3.1    Global Low Temperature Co-Fired Ceramics Market - Products and Specifications
         3.1.1    Glass Ceramics (GC)
         3.1.2    Glass Ceramics Composite (GCC)
         3.1.3    Glass-Bonded Ceramics (GBC)
3.2    Low Temperature Co-Fired Ceramics Market – Demand Analysis (by Type)
         3.2.1    Demand Analysis (by Type), Value Data
3.3    Product Benchmarking: Growth Rate – Market Share Matrix, by Type, 2020
3.4    Patent Analysis
         3.4.1    Low Temperature Co-Fired Ceramics: Patents Analysis
         3.4.2    Leading Countries/Organizations for LTCC Patents
         3.4.3    Leading Companies in LTCC Patents

4.1    North America
         4.1.1    Markets
                     4.1.1.1    Key Manufacturers in North America
                     4.1.1.2    Business Challenges
                     4.1.1.3    Business Drivers
         4.1.2    Application
                     4.1.2.1    North America Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.1.3    Product
                     4.1.3.1    North America Low Temperature Co-Fired Ceramics Market (by Type), Value Data
         4.1.4    North America (by Country)
                     4.1.4.1    U.S.
                                    4.1.4.1.1    Markets
                                                      4.1.4.1.1.1    Buyer Attributes
                                                      4.1.4.1.1.2    Key Manufacturers in the U.S.
                                                      4.1.4.1.1.3    Business Challenges
                                                      4.1.4.1.1.4    Business Drivers
                                    4.1.4.1.2    Application
                                                      4.1.4.1.2.1    U.S. Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.1.4.1.3    Product
                                                      4.1.4.1.3.1    U.S. Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.1.4.2    Canada
                                    4.1.4.2.1    Markets
                                                      4.1.4.2.1.1    Buyer Attributes
                                                      4.1.4.2.1.2    Key Manufacturers in Canada
                                                      4.1.4.2.1.3    Business Challenges
                                                      4.1.4.2.1.4    Business Drivers
                                    4.1.4.2.2    Application
                                                      4.1.4.2.2.1    Canada Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.1.4.2.3    Product
                                                      4.1.4.2.3.1    Canada Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.1.4.3    Mexico
                                    4.1.4.3.1    Markets
                                                      4.1.4.3.1.1    Buyer Attributes
                                                      4.1.4.3.1.2    Key Manufacturers in Mexico
                                                      4.1.4.3.1.3    Business Challenges
                                                      4.1.4.3.1.4    Business Drivers
                                    4.1.4.3.2    Application
                                                      4.1.4.3.2.1    Mexico Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.1.4.3.3    Product
                                                      4.1.4.3.3.1    Mexico Low Temperature Co-Fired Ceramics Market (by Type), Value Data
4.2    Europe
         4.2.1    Markets
                     4.2.1.1    Key Manufacturers in Europe
                     4.2.1.2    Business Challenges
                     4.2.1.3    Business Drivers
         4.2.2    Application
                     4.2.2.1    Europe Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.2.3    Product
                     4.2.3.1    Europe Low Temperature Co-Fired Ceramics Market (by Type), Value Data
         4.2.4    Europe (by Country)
                     4.2.4.1    Germany
                                    4.2.4.1.1    Markets
                                                      4.2.4.1.1.1    Buyer Attributes
                                                      4.2.4.1.1.2    Key Manufacturers in Germany
                                                      4.2.4.1.1.3    Business Challenges
                                                      4.2.4.1.1.4    Business Drivers
                                    4.2.4.1.2    Application
                                                      4.2.4.1.2.1    Germany Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.2.4.1.3    Product
                                                      4.2.4.1.3.1    Germany Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.2.4.2    France
                                    4.2.4.2.1    Markets
                                                      4.2.4.2.1.1    Buyer Attributes
                                                      4.2.4.2.1.2    Key Manufacturers in France
                                                      4.2.4.2.1.3    Business Challenges
                                                      4.2.4.2.1.4    Business Drivers
                                    4.2.4.2.2    Application
                                                      4.2.4.2.2.1    France Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.2.4.2.3    Product
                                                      4.2.4.2.3.1    France Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.2.4.3    Italy
                                    4.2.4.3.1    Markets
                                                      4.2.4.3.1.1    Buyer Attributes
                                                      4.2.4.3.1.2    Key Manufacturers in Italy
                                                      4.2.4.3.1.3    Business Challenges
                                                      4.2.4.3.1.4    Business Drivers
                                    4.2.4.3.2    Application
                                                      4.2.4.3.2.1    Italy Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.2.4.3.3    Product
                                                      4.2.4.3.3.1    Italy Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                                       4.2.4.4    Spain
                                                      4.2.4.4.1.1    Buyer Attributes
                                                      4.2.4.4.1.2    Key Manufacturers in Spain
                                                      4.2.4.4.1.3    Business Challenges
                                                      4.2.4.4.1.4    Business Drivers
                                    4.2.4.4.2    Application
                                                      4.2.4.4.2.1    Spain Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.2.4.4.3    Product
                                                      4.2.4.4.3.1    Spain Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.2.4.5    Rest-of-Europe (RoE)
                                    4.2.4.5.1    Markets
                                                      4.2.4.5.1.1    Buyer Attributes
                                                      4.2.4.5.1.2    Key Manufacturers in Rest-of-Europe
                                                      4.2.4.5.1.3    Business Challenges
                                                      4.2.4.5.1.4    Business Drivers
                                    4.2.4.5.2    Application
                                                      4.2.4.5.2.1    Rest-of-Europe Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.2.4.5.3    Product
                                                      4.2.4.5.3.1    Rest-of-Europe Low Temperature Co-Fired Ceramics Market (by Type), Value Data
4.3    U.K.
         4.3.1    Markets
                     4.3.1.1    Buyer Attributes
                     4.3.1.2    Key Manufacturers in the U.K.
                     4.3.1.3    Business Challenges
                     4.3.1.4    Business Drivers
         4.3.2    Application
                     4.3.2.1    U.K. Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.3.3    Product
                     4.3.3.1    U.K. Low Temperature Co-Fired Ceramics Market (by Type), Value Data
4.4    China
         4.4.1    Markets
                     4.4.1.1    Buyer Attributes
                     4.4.1.2    Key Manufacturers in China
                     4.4.1.3    Business Challenges
                     4.4.1.4    Business Drivers
         4.4.2    Application
                     4.4.2.1    China Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.4.3    Product
                     4.4.3.1    China Low Temperature Co-Fired Ceramics Market (by Type), Value Data
4.5    Asia-Pacific and Japan
         4.5.1    Markets
                     4.5.1.1    Key Manufacturers in Asia-Pacific and Japan
                     4.5.1.2    Business Challenges
                     4.5.1.3    Business Drivers
         4.5.2    Application
                     4.5.2.1    Asia-Pacific and Japan Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.5.3    Product
                     4.5.3.1    Asia-Pacific and Japan Low Temperature Co-Fired Ceramics Market (by Type), Value Data
         4.5.4    Asia-Pacific and Japan (by Country)
                     4.5.4.1    Japan
                                    4.5.4.1.1    Markets
                                                      4.5.4.1.1.1    Buyer Attributes
                                                      4.5.4.1.1.2    Key Manufacturers in Japan
                                                      4.5.4.1.1.3    Business Challenges
                                                      4.5.4.1.1.4    Business Drivers
                                    4.5.4.1.2    Application
                                                      4.5.4.1.2.1    Japan Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.5.4.1.3    Product
                                                      4.5.4.1.3.1    Japan Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.5.4.2    South Korea
                                    4.5.4.2.1    Markets
                                                      4.5.4.2.1.1    Buyer Attributes
                                                      4.5.4.2.1.2    Key Manufacturers in South Korea
                                                      4.5.4.2.1.3    Business Challenges
                                                      4.5.4.2.1.4    Business Drivers
                                    4.5.4.2.2    Application
                                                      4.5.4.2.2.1    South Korea Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.5.4.2.3    Product
                                                      4.5.4.2.3.1    South Korea Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.5.4.3    Singapore
                                    4.5.4.3.1    Markets
                                                      4.5.4.3.1.1    Buyer Attributes
                                                      4.5.4.3.1.2    Key Manufacturers in Singapore
                                                      4.5.4.3.1.3    Business Challenges
                                                      4.5.4.3.1.4    Business Drivers
                                    4.5.4.3.2    Application
                                                      4.5.4.3.2.1    Singapore Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.5.4.3.3    Product
                                                      4.5.4.3.3.1    Singapore Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.5.4.4    Taiwan
                                    4.5.4.4.1    Markets
                                                      4.5.4.4.1.1    Buyer Attributes
                                                      4.5.4.4.1.2    Key Manufacturers in Taiwan
                                                      4.5.4.4.1.3    Business Challenges
                                                      4.5.4.4.1.4    Business Drivers
                                    4.5.4.4.2    Application
                                                      4.5.4.4.2.1    Taiwan Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.5.4.4.3    Product
                                                      4.5.4.4.3.1    Taiwan Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.5.4.5    Rest-of-Asia-Pacific
                                    4.5.4.5.1    Markets
                                                      4.5.4.5.1.1    Buyer Attributes
                                                      4.5.4.5.1.2    Key Manufacturers in Rest-of-Asia-Pacific
                                                      4.5.4.5.1.3    Business Challenges
                                                      4.5.4.5.1.4    Business Drivers
                                    4.5.4.5.2    Application
                                                      4.5.4.5.2.1    Rest-of-Asia-Pacific Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.5.4.5.3    Product
                                                      4.5.4.5.3.1    Rest-of-Asia-Pacific Low Temperature Co-Fired Ceramics Market (by Type), Value Data
4.6    Rest-of-the-World
         4.6.1    Markets
                     4.6.1.1    Key Manufacturers in Rest-of-the-World
                     4.6.1.2    Business Challenges
                     4.6.1.3    Business Drivers
         4.6.2    Application
                     4.6.2.1    Rest-of-the-World Low Temperature Co-Fired Ceramics Market (by Application), Value Data
         4.6.3    Product
                     4.6.3.1    Rest-of-the-World Low Temperature Co-Fired Ceramics Market (by Type), Value Data
         4.6.4    Rest-of-the-World (by Country)
                     4.6.4.1    Middle East and Africa
                                    4.6.4.1.1    Markets
                                                      4.6.4.1.1.1    Buyer Attributes
                                                      4.6.4.1.1.2    Key Manufacturers in Middle East and Africa
                                                      4.6.4.1.1.3    Business Challenges
                                                      4.6.4.1.1.4    Business Drivers
                                    4.6.4.1.2    Application
                                                      4.6.4.1.2.1    Middle East and Africa Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.6.4.1.3    Product
                                                      4.6.4.1.3.1    Middle East and Africa Low Temperature Co-Fired Ceramics Market (by Type), Value Data
                     4.6.4.2    South America
                                    4.6.4.2.1    Markets
                                                      4.6.4.2.1.1    Buyer Attributes
                                                      4.6.4.2.1.2    Key Manufacturers in South America
                                                      4.6.4.2.1.3    Business Challenges
                                                      4.6.4.2.1.4    Business Drivers
                                     4.6.4.2.2    Application
                                                      4.6.4.2.2.1    South America Low Temperature Co-Fired Ceramics Market (by Application), Value Data
                                    4.6.4.2.3    Product
                                                      4.6.4.2.3.1    South America Low Temperature Co-Fired Ceramics Market (by Type), Value Data

5.1    Competitive Benchmarking
         5.1.1    Competitive Position Matrix
         5.1.2    Competition Matrix
5.2    Company Profile
         5.2.1    Adamant Namiki Precision Jewel Co., Ltd.
                     5.2.1.1    Company Overview
                                    5.2.1.1.1    Product Portfolio
                     5.2.1.2    Business Strategies
                                    5.2.1.2.1    Product Developments
                     5.2.1.3    Competitive Position
                                    5.2.1.3.1    Strengths of Company
                                    5.2.1.3.2    Weaknesses of Company
         5.2.2    Api Technologies
                     5.2.2.1    Company Overview
                                    5.2.2.1.1    Product Portfolio
                     5.2.2.2    Competitive Position
                                    5.2.2.2.1    Strengths of Company
                                    5.2.2.2.2    Weaknesses of Company
         5.2.3    DuPont
                     5.2.3.1    Company Overview
                                    5.2.3.1.1    Product Portfolio
                     5.2.3.2    R&D Analysis
                     5.2.3.3    Competitive Position
                                    5.2.3.3.1    Strengths of Company
                                    5.2.3.3.2    Weaknesses of Company
        5.2.4    KOA Corporation
                    5.2.4.1    Company Overview
                                   5.2.4.1.1    Product Portfolio
                    5.2.4.2    R&D Analysis
                    5.2.4.3    Competitive Position
                                    5.2.4.3.1    Strengths of Company
                                    5.2.4.3.2    Weaknesses of Company
         5.2.5    KYOCERA Corporation
                     5.2.5.1    Company Overview
                                    5.2.5.1.1    Product Portfolio
                     5.2.5.2    R&D Analysis
                     5.2.5.3    Competitive Position
                                    5.2.5.3.1    Strengths of Company
                                    5.2.5.3.2    Weaknesses of Company
         5.2.6    Micro Systems Technologies
                     5.2.6.1    Company Overview
                                    5.2.6.1.1    Product Portfolio
                     5.2.6.2    Competitive Position
                                    5.2.6.2.1    Strengths of Company
                                    5.2.6.2.2    Weaknesses of Company
         5.2.7    Murata Manufacturing Co., Ltd.
                     5.2.7.1    Company Overview
                                    5.2.7.1.1    Product Portfolio
                     5.2.7.2    R&D Analysis
                     5.2.7.3    Competitive Position
                                    5.2.7.3.1    Strengths of Company
                                    5.2.7.3.2    Weaknesses of Company
         5.2.8    Neo Tech Inc.
                     5.2.8.1    Company Overview
                                    5.2.8.1.1    Product Portfolio
                     5.2.8.2    Competitive Position
                                    5.2.8.2.1    Strengths of Company
                                    5.2.8.2.2    Weaknesses of Company
         5.2.9    NIKKO COMPANY
                     5.2.9.1    Company Overview
                                    5.2.9.1.1    Product Portfolio
                     5.2.9.2    Competitive Position
                                    5.2.9.2.1    Strengths of Company
                                    5.2.9.2.2    Weaknesses of Company
     5.2.10    NTK Technologies
                   5.2.10.1    Company Overview
                                    5.2.10.1.1    Product Portfolio
                   5.2.10.2    Competitive Position
                                    5.2.10.2.1    Strengths of Company
                                    5.2.10.2.2    Weakness of Company
     5.2.11    TDK Corporation
                   5.2.11.1    Company Overview
                                    5.2.11.1.1    Product Portfolio
                   5.2.11.2    R&D Analysis
                   5.2.11.3    Competitive Position
                                    5.2.11.3.1    Strengths of Company
                                    5.2.11.3.2    Weaknesses of Company
     5.2.12    VIA Electronic GmbH
                   5.2.12.1    Company Overview
                                    5.2.12.1.1    Product Portfolio
                   5.2.12.2    Competitive Position
                                    5.2.12.2.1    Strengths of Company
                                    5.2.12.2.2    Weaknesses of Company
     5.2.13    Yokowo co., ltd.
                   5.2.13.1    Company Overview
                                    5.2.13.1.1    Product Portfolio
                   5.2.13.2    Corporate Strategies
                                    5.2.13.2.1    Partnerships and Joint Ventures
                   5.2.13.3    Competitive Position
                                    5.2.13.3.1    Strengths of Company
                                    5.2.13.3.2    Weaknesses of Company
     5.2.14    Selmic Oy
                   5.2.14.1    Company Overview
                                    5.2.14.1.1    Product Portfolio
                   5.2.14.2    Competitive Position
                                    5.2.14.2.1    Strengths of Company
                                    5.2.14.2.2    Weaknesses of Company
     5.2.15    Sunlord
                   5.2.15.1    Company Overview
                                    5.2.15.1.1    Product Portfolio
                   5.2.15.2    Competitive Position
                                    5.2.15.2.1    Strengths of Company
                                    5.2.15.2.2    Weaknesses of Company

6.1    Data Sources
         6.1.1    Primary Data Sources
         6.1.2    BIS Data Sources
6.2    Data Triangulation
6.3    Market Estimation and Forecast
         6.3.1    Factors for Data Prediction and Modeling

Table 1:    Global Low Temperature Co-Fired Ceramics Market Snapshot, $Million, 2021 and 2031
Table 2:    Consortiums, Associations, and Regulatory Bodies
Table 3:    List of Government Programs and Research Programs
Table 4:    Programs by Research Institutions and Universities
Table 5:    Product Development
Table 6:    Partnerships and Joint Ventures
Table 7:    Low Temperature Co-Fired Ceramics Fibers Market (by Application), $Million, 2020-2031
Table 8:    Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 9:    Leading Countries/Organizations for LTCC Patents, January 2019-October 2021
Table 10:    Low Temperature Co-Fired Ceramics Market (by Region), $Million, 2020-2031
Table 11:    North America Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 12:    Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 13:    U.S. Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 14:    U.S. Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 15:    Canada Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 16:    Canada Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 17:    Mexico Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 18:    Mexico Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 19:    Europe Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 20:    Europe Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 21:    Germany Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 22:    Germany Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 23:    France Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 24:    France Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 25:    Italy Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 26:    Italy Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 27:    Spain Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 28:    Spain Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 29:    Rest-of-Europe Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 30:    Rest-of-Europe Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 31:    U.K. Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 32:    U.K. Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 33:    China Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 34:    China Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 35:    Asia-Pacific and Japan Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 36:    Asia-Pacific and Japan Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 37:    Japan Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 38:    Japan Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 39:    South Korea Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 40:    South Korea Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 41:    Singapore Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 42:    Singapore Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 43:    Taiwan Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 44:    Taiwan Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 45:    Rest-of-Asia-Pacific Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 46:    Rest-of-Asia-Pacific Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 47:    Rest-of-the-World Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 48:    Rest-of-the-World Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 49:    Middle East and Africa Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 50:    Middle East and Africa Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031
Table 51:    South America Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2020-2031
Table 52:    South America Low Temperature Co-Fired Ceramics Fibers Market (by Type), $Million, 2020-2031

Figure 1:    Global Low Temperature Co-Fired Ceramics Market, $Million, 2020-2031
Figure 2:    Global Low Temperature Co-Fired Ceramics Market (by Application), $Million, 2021 and 2031
Figure 3:    Global Low Temperature Co-Fired Ceramics Market (by Type), $Million, 2021 and 2031
Figure 4:    Global Low Temperature Co-Fired Ceramics Market (by Region), $Million, 2021 and 2031
Figure 5:    Global Low Temperature Co-Fired Ceramics Market: Coverage
Figure 6:    Product Benchmarking
Figure 7:    Total Patents Filed or Granted for LTCC, January 2019-October 2021
Figure 8:    Leading Companies in LTCC Patents, January 2019-October 2021
Figure 9:    DuPont: R&D Expenditure
Figure 10:    KOA Corporation: R&D Expenditure
Figure 11:    KYOCERA Corporation: R&D Expenditure
Figure 12:    Murata Manufacturing Co., Ltd.: R&D Expenditure
Figure 13:    TDK Corporation: R&D Expenditure
Figure 14:    Data Triangulation
Figure 15:    Bottom-Up Approach
Figure 16:    Top-Down Approach
Figure 17:    Assumptions and Limitations

Market Report Coverage

Low Temperature Co-Fired Ceramics Market

Base Year

2020

Market Size in 2020

$3,778.2 Million

Forecast Period

2021-2031

Value Projection and Estimation by 2031

$8,410.7 Million

CAGR During Forecast Period

7.6%

Number of Tables

52

Number of Pages

133

Number of Figures

17

Market Segmentation

•    Application:  Consumer Electronics, Automotive Electronics, Aerospace and Military Electronics, Others (Telecommunications, Medical Devices)

•    Type: Glass Ceramics (GC), Glass Ceramics Composite (GCC), Glass-Bonded Ceramics (GBC)

Regional Segmentation

•    North America: U.S., Canada, and Mexico

•    Europe: Germany, France, Italy, Spain, and Rest-of-Europe

•    U.K.

•    China

•    Asia-Pacific and Japan: Japan, South Korea, Singapore, Taiwan, and Rest-of-Asia-Pacific

•    Rest-of-the-World: South America and Middle East and Africa

Market Growth Drivers

•    Advantages of LTCC over Printed Circuit Boards

•    Growing Trend of Miniaturization in the Electronic Industry

•    Increasing Demand for Light Emitting Diodes (LEDs) Boosting the Demand for LTCC

•    Increasing Acceptance of LTCC Technology in Various End-Use Industries

Market Challenges

•    Issues Related to Shrinkage Impacting the Performance of LTCC

•    Low Thermal Conductivity of LTCC

Market Opportunities

•    Growing Usage of Microelectronics in the Automotive Industry

•    Growing Acceptance of 5G Creating Opportunity for LTCC Manufacturers

•    Reliability of LTCC in High Electrical Voltage Applications

•    Increasing Usage for Micro and Non-Microelectronics Boosting the LTTCC Demand

Key Companies Profiled

Adamant Namiki Precision Jewel Co., Ltd., Api Technologies, DuPont, KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo co., ltd., Selmic Oy, Sunlord

How This Report Can Add Value

This report will help with the following objectives:

• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global low temperature co-fired ceramics market
• Extensive competitive benchmarking of top 15 players (including OEMs and component providers) offering a holistic view of the global low temperature co-fired ceramics landscape
• Qualitative and quantitative analysis of low temperature co-fired ceramics at the region and country-level granularity by application and product segments

Product/Innovation Strategy: The product segment helps the reader in understanding different types of LTCC (glass ceramics, glass ceramic composites, and glass-bonded ceramics) associated with low temperature co-fired ceramics. The report also includes a thorough qualitative and quantitative analysis of various application areas such as consumer electronics, automotive electronics, aerospace and military electronics, and others. Additionally, the research also covers regional and country-wise analysis for different applications and types in the low temperature co-fired ceramics market.

Growth/Marketing Strategy: Players operating in the global low temperature co-fired ceramics market are developing innovative products to enhance the capabilities of their product offerings. Growth/marketing strategies will help the readers in understanding the revenue-generating strategies adopted by the players operating in the low temperature co-fired ceramics market.

Key Questions Answered in the Report

•    What are the major factors and trends that are impacting the low temperature co-fired ceramics (LTCC) market?
•    How has COVID-19 impacted the LTCC market across the globe?
•    What are the steps taken by the existing players to improve their market positioning?
•    Which are the leading types and applications in the market, and how are they expected to perform in the coming years?
•    What is the expected revenue for the global LTCC market from 2021-2031?
•    What are the consumption patterns of low temperature co-fired ceramics across different regions and countries?

Report Summary

Low Temperature Co-fired Ceramics Market

Low temperature co-fired ceramics (LTCC) is a multi-layer glass ceramic substrate that is co-fired with low resistance metal conductors at low firing temperature (< 1000?). A typical monolithic structure of LTCC consists of multiple dielectric layers, screen-printed low-loss conductors, resistors and capacitors, and others. LTCC technology is extremely suitable in a diverse range of applications such as high-volume automotive systems, high-frequency RF, and microwave, wireless and radar products.

The low temperature co-fired ceramics market has been developing significantly since 1980 by Hughes and DuPont for military systems. Since then, LTCC technology has evolved continually and transformed the electro-ceramic industry by developing unique products and systems. The ecosystem of the low temperature co-fired ceramics market comprises LTCC substrate manufacturers, LTCC package producers, LTCC device processing companies, LTCC module manufacturers, and end users.

Low Temperature Co-Fired Ceramics Market Overview

The global low temperature co-fired ceramics market is expected to reach $8,410.7 million by 2031, with a CAGR of 7.6% during the forecast period 2021-2031. The growth in the market is expected to be driven by consistent technological developments in the electronics industry, such as the miniaturization of electronic devices.

Market Segmentation

Low Temperature Co-Fired Ceramics Market by Application

The growing adoption of LTCC material has been witnessed primarily in automobile electronics due to the incorporation of sensors in 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. 

Low Temperature Co-Fired Ceramics Market by Type

The growing adoption of GCC-based LTCC systems can be attributed to the wide range of dielectric constant values offered, which provide a broad range of applications. The materials for GCC type of dielectrics for LTCC contain a bit lower glass composition (20-50% volume). The glass phase helps in the sintering process, while the ceramic phase is responsible for the electrical, mechanical, and thermal properties. 

Low Temperature Co-Fired Ceramics Market by Region

China has been leading the market due to increased demand for electronics. The country is well-equipped with an 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&D). 

Key Market Players and Competition Synopsis

Adamant Namiki Precision Jewel Co., Ltd., Api Technologies, DuPont, KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo co., ltd., Selmic Oy, Sunlord

The companies that are profiled in the report have been selected based on a selective pool of players, primarily tier-1 (which holds 50-55% of the market), and mid-segment players (comprising 30-35% share), and small and emerging companies (holding the balance 20-25% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the low temperature co-fired ceramics industry.

FAQ's

What is the estimated growth rate of the low temperature co-fired ceramics market in the coming years?

The global low temperature co-fired ceramics market is expected to reach $8,410.7 million by 2031, with a CAGR of 7.6% during the forecast period 2021-2031.

Which are the top market players operating in the low temperature co-fired ceramics market?

The top market players are Adamant Namiki Precision Jewel Co., Ltd., API Technologies, DuPont, KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo co., ltd., Selmic Oy, Sunlord.

What are the factors driving the growth of the low temperature co-fired ceramics market?

Factors driving the growth of the low temperature co-fired ceramics market are the advantages of LTCC over printed circuit boards, the growing trend of miniaturization in the electronic industry, increasing demand for light-emitting diodes (LEDs) boosting the demand for LTCC, and increasing acceptance of LTCC technology in various end-use industries. 

What are the challenges restricting the growth of the low temperature co-fired ceramics market?

Some of the main challenges restricting the growth of the low temperature co-fired ceramics market are issues related to shrinkage impacting the performance of LTCC, and the low thermal conductivity of LTCC.

What are some of the opportunities in the low temperature co-fired ceramics market?

The potential opportunities that are likely to boost the growth of the low temperature co-fired ceramics market are the growing Usage of microelectronics in the automotive industry, growing acceptance of 5G creating opportunity for LTCC manufacturers, reliability of LTCC in high electrical voltage applications, and increasing usage for micro and non-microelectronics boosting the LTTCC demand.

Low Temperature Co-Fired Ceramics Market - A Global and Regional Analysis

Focus on Application, Type, and Region - Analysis and Forecast, 2021-2031