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According to the latest research, the global LTCC market size was valued at USD 1684.24 million in 2022 and is expected to expand at a CAGR of 4.11% during the forecast period, reaching USD 2144.66 million by 2028.
LTCC is to make ceramic powder sintered at low temperature into a green ceramic tape with precise and dense thickness. On the green ceramic tape, the required circuit patterns are made by laser drilling, micro-hole grouting, precise conductor paste printing and other processes, and a number of passive devices are embedded in it for lamination. Finally, the ceramic powder is sintered below 1000, and IC and active devices can be attached to its surface, thus forming LTCC passive/active integrated functional modules.
Growth Drivers
LTCC is a kind of multilayer glass-ceramic substrate, which is co-fired with a low resistance metal conductor at a low firing temperature called sintering temperature. It is sometimes called glass-ceramic because its composition consists of glass and alumina. Compared with other processes, the LTCC process has special advantages and characteristics, such as increased functions, excellent stability, low electrical signal loss, high component density, and reliability.
LTCC has a higher operating temperature, excellent thermal performance, lower expansion coefficient, high reliability, and integration density, which makes it applicable to multi-chip modules, high repetition modules, capacitors, conductors, inductors, transformers, and radio relays. LTCC devices have the advantages of excellent sealing performance, high-temperature resistance, and vibration resistance. Therefore, it can be used in automobile engine control ECU modules, anti-lock ABS modules, and various sensor modules. The characteristics of LTCC make it the most attractive choice for high-frequency applications, and its applications in imaging frames, military radar, advanced automatic detection, satellite communication, and media communication will also increase.
The unique advantages of LTCC products are one of the driving factors for its development. The advantages of LTCC will attract more and more downstream industries to use it, thus benefiting the development of the LTCC market.
Market Challenges
There are many difficulties related to reliability in LTCC, one of which is the matching of shrinkage and thermal expansion coefficient when substrate and wiring are co-fired, which is related to the quality of multilayer metalized wiring. When LTCC is co-fired, the mismatch of sintering characteristics between substrate and slurry is mainly reflected in three aspects:
The sintering completion temperature is inconsistent;
Inconsistent with the sintering shrinkage of substrate slurry;
The sintering speed does not match.
These mismatches easily lead to uneven surface, warpage, and delamination of the substrate after firing. Another consequence of mismatch is that the adhesion of metal wiring decreases. When LTCC is applied to high-performance systems, the key to strictly controlling the shrinkage behavior is to control the sintering shrinkage of the LTCC co-fired system. If the sintering can't be matched or compatible, the interface layer will split after sintering. If the two materials react at high temperatures, the reaction layer will affect the characteristics of the original materials. Solving the shrinkage problem of LTCC performance is a big technical challenge, and manufacturers need to update their technology, which also poses a challenge to the development of the LTCC market.
Region Overview:
Japan had the highest growth rate of all regions.
Company Overview:
The top three companies are Murata, Kyocera (AVX), TDK Corporation with the revenue market share of 21.01%, 14.55%, 9.61% in 2021.
Murata
LC filter is passive components which pass or reject specific frequency band. These components are used for extracting the specific frequency band, or rejecting for noise reduction. Murata delivers high performance LTCC packaged product by multilayer ceramics integration technology.
Kyocera (AVX)
RF circuitry might be based upon the use of discrete components, low temperature co-fired ceramics (LTCC), hybrid component technology, a combination of all these or more design methods/techniques -depending upon the frequency spectrum, circuit type and power of the circuit. A new family of RF components based upon laminating multiple layers of organic materials is emerging. These Multi-Layer Organic devices (MLO) offer significant electrical, physical and reliability advantages over traditional discrete RF or LTCC solutions.
Segmentation Overview:
By type, LTCC Components segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the LTCC industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of LTCC. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global LTCC Market Report Include:
Market Size Estimates: LTCC market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: LTCC market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the LTCC market
Segment Market Analysis: LTCC market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: LTCC market situations and prospects in major and top regions and countries
LTCC Market
LTCC Industry Chain: LTCC market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
LTCC Industry News, Policies by regions
LTCC Industry Porters Five Forces Analysis
Key players in the global LTCC market are covered in Chapter 2:
TDK Corporation
Shenzhen Sunlord Electronics
KOA (Via Electronic)
MST
NEO Tech
Walsin Technology
BDStar (Glead)
ACX Corp
Chilisin
Taiyo Yuden
Murata
NTK/NGK
Kyocera (AVX)
Mini-Circuits
API Technologies (CMAC)
Yageo
Microgate
Bosch
In Chapter 6 and Chapter 9, on the basis of types, the LTCC market from 2018 to 2028 is primarily split into:
LTCC Components
LTCC Substrates
LTCC Module
In Chapter 7 and Chapter 10, on the basis of applications, the LTCC market from 2018 to 2028 covers:
Consumer Electronics
Aerospace and Military
Automobile Electronics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global LTCC market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the LTCC industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of LTCC market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the LTCC industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on LTCC market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the LTCC market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed LTCC market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
LTCC is to make ceramic powder sintered at low temperature into a green ceramic tape with precise and dense thickness. On the green ceramic tape, the required circuit patterns are made by laser drilling, micro-hole grouting, precise conductor paste printing and other processes, and a number of passive devices are embedded in it for lamination. Finally, the ceramic powder is sintered below 1000, and IC and active devices can be attached to its surface, thus forming LTCC passive/active integrated functional modules.
Growth Drivers
LTCC is a kind of multilayer glass-ceramic substrate, which is co-fired with a low resistance metal conductor at a low firing temperature called sintering temperature. It is sometimes called glass-ceramic because its composition consists of glass and alumina. Compared with other processes, the LTCC process has special advantages and characteristics, such as increased functions, excellent stability, low electrical signal loss, high component density, and reliability.
LTCC has a higher operating temperature, excellent thermal performance, lower expansion coefficient, high reliability, and integration density, which makes it applicable to multi-chip modules, high repetition modules, capacitors, conductors, inductors, transformers, and radio relays. LTCC devices have the advantages of excellent sealing performance, high-temperature resistance, and vibration resistance. Therefore, it can be used in automobile engine control ECU modules, anti-lock ABS modules, and various sensor modules. The characteristics of LTCC make it the most attractive choice for high-frequency applications, and its applications in imaging frames, military radar, advanced automatic detection, satellite communication, and media communication will also increase.
The unique advantages of LTCC products are one of the driving factors for its development. The advantages of LTCC will attract more and more downstream industries to use it, thus benefiting the development of the LTCC market.
Market Challenges
There are many difficulties related to reliability in LTCC, one of which is the matching of shrinkage and thermal expansion coefficient when substrate and wiring are co-fired, which is related to the quality of multilayer metalized wiring. When LTCC is co-fired, the mismatch of sintering characteristics between substrate and slurry is mainly reflected in three aspects:
The sintering completion temperature is inconsistent;
Inconsistent with the sintering shrinkage of substrate slurry;
The sintering speed does not match.
These mismatches easily lead to uneven surface, warpage, and delamination of the substrate after firing. Another consequence of mismatch is that the adhesion of metal wiring decreases. When LTCC is applied to high-performance systems, the key to strictly controlling the shrinkage behavior is to control the sintering shrinkage of the LTCC co-fired system. If the sintering can't be matched or compatible, the interface layer will split after sintering. If the two materials react at high temperatures, the reaction layer will affect the characteristics of the original materials. Solving the shrinkage problem of LTCC performance is a big technical challenge, and manufacturers need to update their technology, which also poses a challenge to the development of the LTCC market.
Region Overview:
Japan had the highest growth rate of all regions.
Company Overview:
The top three companies are Murata, Kyocera (AVX), TDK Corporation with the revenue market share of 21.01%, 14.55%, 9.61% in 2021.
Murata
LC filter is passive components which pass or reject specific frequency band. These components are used for extracting the specific frequency band, or rejecting for noise reduction. Murata delivers high performance LTCC packaged product by multilayer ceramics integration technology.
Kyocera (AVX)
RF circuitry might be based upon the use of discrete components, low temperature co-fired ceramics (LTCC), hybrid component technology, a combination of all these or more design methods/techniques -depending upon the frequency spectrum, circuit type and power of the circuit. A new family of RF components based upon laminating multiple layers of organic materials is emerging. These Multi-Layer Organic devices (MLO) offer significant electrical, physical and reliability advantages over traditional discrete RF or LTCC solutions.
Segmentation Overview:
By type, LTCC Components segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Consumer Electronics segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the LTCC industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of LTCC. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global LTCC Market Report Include:
Market Size Estimates: LTCC market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: LTCC market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the LTCC market
Segment Market Analysis: LTCC market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: LTCC market situations and prospects in major and top regions and countries
LTCC Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.LTCC Industry Chain: LTCC market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
LTCC Industry News, Policies by regions
LTCC Industry Porters Five Forces Analysis
Key players in the global LTCC market are covered in Chapter 2:
TDK Corporation
Shenzhen Sunlord Electronics
KOA (Via Electronic)
MST
NEO Tech
Walsin Technology
BDStar (Glead)
ACX Corp
Chilisin
Taiyo Yuden
Murata
NTK/NGK
Kyocera (AVX)
Mini-Circuits
API Technologies (CMAC)
Yageo
Microgate
Bosch
In Chapter 6 and Chapter 9, on the basis of types, the LTCC market from 2018 to 2028 is primarily split into:
LTCC Components
LTCC Substrates
LTCC Module
In Chapter 7 and Chapter 10, on the basis of applications, the LTCC market from 2018 to 2028 covers:
Consumer Electronics
Aerospace and Military
Automobile Electronics
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global LTCC market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the LTCC industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of LTCC market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the LTCC industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on LTCC market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the LTCC market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed LTCC market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
