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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global LTCC Market and HTCC Market Outlook
The global LTCC market and HTCC market attained a value of USD 1,077.38 million in 2023. The industry is further expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032 to reach a value of USD 1,605.30 million by 2032.
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Properties and Applications
HTCC consists of more conductive layers of resistance than LTCC. HTCC is used in electronic packaging, while LTCC is used in multi-chip modules, high-recurrence modules, condensers, conductors, inductors, transformers, and radio recurrence.
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LTCC and HTCC can be segmented based on:
- Material Type
- Glass Ceramic Material
- Ceramic Material
- Process Type
- LTCC
- HTCC
- End-use
- Automotive
- Telecommunication
- Aerospace and Defence
- Medical
- Others
The EMR report looks into the regional markets of LTCC and HTCC like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Analysis
The global LTCC and HTCC industry is being driven by the steady increase in the production of technologically sophisticated electronic products. Asia Pacific is the leading market in the industry due to the rising demand for technologically advanced electronic products for use in different applications. Glass-ceramic material is dominating the global LTCC market and HTCC market as it offers numerous benefits such as cost-effectiveness, flexibility in design, environmental resistance, hermeticity, mechanical rigidity, thermal dissipation, and thermal shock resistance.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global LTCC and HTCC industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kyocera Corporation
- Murata Manufacturing Co. Ltd.
- KOA Corporation
- Hitachi Metals Ltd.
- Yokowo Co. Ltd.
- NGK Spark Plug Group
- Micro System Technologies
- Nikko Company
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Process Type |
|
| Breakup by Material Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global LTCC market and HTCC market attained a value of nearly USD 1,077.38 million.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,605.30 million by 2032.
The major drivers of the market include rising urbanisation and the steady increase in the production of technologically sophisticated electronic products.
The rising preference for glass-ceramic material due to its numerous benefits such as cost-effectiveness, flexibility in design, environmental resistance, is a key trend propelling the growth of the market.
The major regions in the market include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.
Glass ceramic is the dominant material type in the market.
Automotive, telecommunication, aerospace, and defence and medical are the leading end use sectors of LTCC market and HTCC market.
The key players in the market include Kyocera Corporation, Murata Manufacturing Co. Ltd., KOA Corporation, Hitachi Metals Ltd., Yokowo Co. Ltd., NGK Spark Plug Group, Micro System Technologies and Nikko Company, among others.
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