LTCC and HTCC Market Analysis
Explore In-Depth LTCC and HTCC Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
LTCC and HTCC Industry Insights
Insights by Product Type
LTCCs hold over 65% revenue share in 2024, and this category is expected to witness the higher CAGR during the forecast period, of 2.4%. LTCC is a ceramic substrate and the technology of choice for high-frequency circuits. It has excellent electrical properties, which allow for unlimited stacking. Further, its mechanical properties support form-and-fit versatility, as well as excellent mechanical performance under extreme environments, which makes it more useful than HTCC.
Furthermore, the rising demand for high-speed internet in urban and semi-urban locations is projected to result in increasing investments in wireless technologies and RF modules. These modules use LTCC products for stable communication quality; therefore, such investments further boost the growth of the market.
The following product types have been studied:
- LTCC (Larger and Faster-Growing Category)
- HTCC
Insights by Application
The automotive industry dominates the majority of the LTCC and HTCC market with an over 40% revenue share in 2024, and this dominance is likely to continue over the forecast period. The adoption of telematics, surging focus of consumers on the safety of vehicles, and governments’ safety norms are driving the demand for automotive electronics.
Moreover, the growing demand for vehicles across several countries, such as Russia, Argentina, India, Brazil, and Thailand, have created a high-volume demand for these ceramics due to their adoption in the devices and sensors of vehicles.
Electronic equipment is frequently used in tight confines inside a vehicle, where it is subject to extreme stress and temperature. To merge the package, interconnect, and embed passive parts into one structure, LTCC, a multilayer ceramic system as a substrate, adopts a cubic arrangement. It is found in the engine and gearbox control systems. LTCC fulfills the packing needs of high-bandwidth, high-speed networks, while also maintaining mechanical and environmental safety. Thus, the increasing penetration of electronic devices/sensors in vehicles and the rising production of EVs are set to offer new paths for the growth of the market in the coming years.
The telecommunications category will likely witness the highest CAGR, of 2.6%, during the forecast period. This is attributed to the government efforts to expand the 5G infrastructure, of which LTCCs are a critical component for the millimeter wave and microwave bands. As digitization continues to reshape future technologies, be it personal communications or industrial production, the telecommunications industry must adapt to the changes in people’s demands with advanced components.
The report offers insights for the following applications:
- Automotive (Largest Category)
- Telecommunications (Fastest-Growing Category)
- Aerospace & Defense
- Consumer Electronics
- Others
Geographical Analysis
- APAC will hold a share of 45% in 2024, and it is projected to maintain its position during the forecast period, growing with the highest CAGR, of 2.7%.
- The growth is attributed to the rapidly flourishing automotive, consumer, and industrial electronics sectors in India, China, South Korea, and Japan.
- Co-fired ceramics are in significant demand in the region because of the rise in the manufacturing of technologically advanced electronic products, which are themselves heavily used in the automotive and telecommunications industries.
- Further, the vast number of co-fired ceramic manufacturers makes the region important in the market.
- Moreover, globally, North America is the second-largest regional market.
- The demand for LTCCs and HTCCs in North America is driven by the rising sale of consumer electronic products, expanding automobile industry, and modernization of the power evacuation infrastructure in the U.S. and Canada.
- In recent years, the scenario of power generation in the U.S. has witnessed a rapid transition, as rooftop solar panels and wind farms are increasingly being integrated into the country’s power grid network.
- The current grid network, which was developed decades ago, lacks the capability to accommodate the new energy sources.
- This has encouraged power utilities in the U.S. to modernize and upgrade the power transmission and distribution network.
- The upgradation is being carried out through the development of smart grids and set up of smart power transmission and distribution lines.
- The expansion of power transmission and distribution lines is expected to boost the demand for capacitors, primarily those manufactured using electroceramics, including LTCCs and HTCCs, which are widely used for power factor correction.
- Furthermore, the market in North America is driven by the high demand for capacitors (manufactured using electroceramics) in motor vehicles.
- The U.S. is one of the largest producers of motor vehicles in the world, with a total production of 10,611,555 units in 2023, as per OICA.
- It has a large domestic market for passenger cars and trucks.
- The large-scale production of motor vehicles continues to aid the demand for capacitors manufactured using electroceramics, thereby boosting the growth of the North American market.
The following regions and countries are covered in the report:
- North America
- U.S. (Larger and Faster-Growing Country Market)
- Canada
- Europe
- Germany (Largest and Fastest-Growing Country Market)
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific (APAC) (Largest and Fastest-Growing Regional Market)
- China (Largest and Fastest-Growing Country Market)
- India
- Japan
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil (Largest Country Market)
- Mexico (Fastest-Growing Country Market)
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia (Largest Country Market)
- South Africa (Fastest-Growing Country Market)
- Rest of MEA
Market Scope
Want a report tailored exactly to your business need?
Request CustomizationWe are Trusted by
Client Testimonials
Working with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
India
Unmatched Standards
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
Complete Data Security
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws
Customize the Report to Align with Your Business Objectives
*
*
*
Request the Free Sample Pages
*
*
*