The Global LTCC HTCC Market size is estimated to reach USD 3.67 billion from USD 3.06 billion in 2019, exhibiting a CAGR of 2.2% through 2027, according to a new report by Reports and Data. The market growth is driven by the growing demand for LTCC and HTCC for data communication, automotive, microwave packaging, aerospace defense, medical end-use, power electronics, and consumer electronics application. LTCC and HTCC offer a three-dimensional structure. They are suitable for integration in electrical circuits, in optical-based sensory solutions, and to build up fluidic or mechanical solutions.
The introduction of innovative solutions and material systems combined with the benefits of thick film technologies and multilayer ceramic in order to meet the increasing demand for electronics functioning in extreme temperatures will boost LTCC HTCC market growth.
The materials used in HTCC are quite cheaper than LTCC, and HTCC has a higher firing temperature that enables only the refractory metals to be used, such as tungsten and molybdenum. The LTCC is designed for much lower firing temperature that allows noble metals such as silver, gold, copper, palladium, and others to be used.
These multilayer substrates are used for various components, including electronic control units, sensors, and LED packages. These products find extensive usage in the automotive sector. The ongoing research for self-driving vehicles may further supplement LTCC and HTCC market share over the forecast period.
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Top Companies:
KYOCERA Corporation, Nikko Company, KOA Corporation, Micro System Technologies, Ltd., DowDuPont Inc., The NGK Spark Plug Co., Maruwa Co. Ltd., Murata Manufacturing Co., Ltd., Yokowa Co. Ltd., and Hitachi Metals Ltd., among others.
Market Insights:
The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.
The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.
Regional Outlook:
North America and Europe are largely focusing on researches to maximize the solar potential. Also, Middle East and Africa have also gained traction owing to increase in applications of solar energy for power generation, agriculture, and architecture. These factors are expected offer lucrative ground for the expansion of power and energy market in the forecast period.
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The initial phase/stage of research includes the formulation of a preliminary hypothesis, which was considered from the primary as well as secondary approaches. The subsequent stages involved the triangulation of the data gathered from these two approaches. To determine the market trends and opportunities, the global LTCC HTCC market report has been segmented on the basis of types, technology, application, End-user and regions.
Regions covered by the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
LTCC HTCC Market Segmentation:
Process Type Outlook
LTCC (Low-Temperature Co-Fired Ceramic)
HTCC (High-Temperature Co-Fired Ceramic)
Material Type Outlook
Glass-ceramic
Ceramic
End-Use Verticals Outlook
Automotive
Telecommunications
Aerospace Defense
Consumer Electronics
Others
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