LTCC and HTCC Market To Generate Revenue worth $4,125.6 Million by 2030

The global LTCC and HTCC market is projected to generate $4,125.6 million in 2030, advancing at a CAGR of 3.9% during 2021–2030. This can be attributed to the significant demand for these products from the automotive, telecommunications, aerospace & military, and medical industries. Moreover, the growing requirement for microelectronics in vehicles and aircraft for a safer experience is set to drive the market growth over the forecast period.

Expanding Telecommunication Networks Boost Market

The telecom industry is expected to grow with a market CAGR of 4.1% during the forecast period. This can be ascribed to the usage of small packaging products with improved reliability and electrical performance. Moreover, the convergence of computing, biomedical, consumer, and communication electronics is driving the demand for integrated, multifunctional wireless communication devices across the world. Moreover, the rising digitalization rate, expanding 5G networks, booming e-commerce activities, and increasing importance of electro-optical interfaces in modern communication networks will result in the growth of the demand for LTCCs and HTCCs for telecommunications.

In the LTCC and HTCC market, LTCC had the larger revenue share in 2021. This was due to its higher operating temperature, great thermal qualities, a reduced expansion coefficient, high dependability, and high integration density. In addition, the rising demand for high-speed internet in urban and semi-urban areas is expected to lead to a significant spending on wireless technologies, thus propelling the market growth.

APAC held the largest revenue share of the global LTCC and HTCC market. This can be ascribed to the rapid growth of the automotive, consumer, and industrial electronics industries in China, India, South Korea, and Japan. The region's electronics industry has seen breakthroughs as the need for technologically advanced electronic gadgets for a range of uses has risen. Furthermore, the existing government incentive schemes for EVs are expected to attract auto electronic product firms to the region. This make the region fastest in the industry.

Partnerships and Acquisitions Are Major Steps Taken by Market Players to Gain Competitive Edge

Key players are taking several steps to compete and secure their market position. For instance, in October 2021, Akoustis Technologies Inc., an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced the acquisition of 51% majority shares of RFM Integrated Device Inc., a manufacturer of ceramic dielectric resonator filters and LTCC filters. This acquisition helps Akoustis Technologies Inc. expand its new timing and frequency reference capabilities for crystal resonators, oscillator products, and RF SAW resonators.

Some of the key players operating in the global LTCC and HTCC market are KYOCERA Corporation, DuPont de Nemours Inc., Murata Manufacturing Co. Ltd., KOA Corporation, TDK Corporation, Hitachi Metals Ltd., Yokowo Co. Ltd., NGK SPARK PLUG CO. LTD., MARUWA Co. Ltd., and Nikko Co. Ltd.