LTCC and HTCC Market Growth and Trends Analysis

1
LTCC Contributed 70 of Revenue to LTCC and HTCC
Market
2
In 2021, the LTCC and HTCC market size stood at
2,919.0 million, and it is projected to grow at
a CAGR of 3.9 from 2021 to 2030, to reach
4,125.6 million by 2030. This is ascribed to the
increased industrial usage of ceramic substrates
in sectors, including telecommunications,
automotive, and consumer electronics. Moreover,
the surging demand for low-cost small-circuit
boards leads to the increased consumption of
ceramic substrates. The most significant
contributor to the revenue share of the LTCC and
HTCC market was LTCC, amounting to 70, in 2021.
The category is expected to follow the same trend
in the future as well. LTCC is defined as a
ceramic substrate that facilitates high-frequency
circuits. It has superior electrical and
mechanical properties, such as limitless
stacking, form-and-fit versatility, and high
performance under extreme conditions, making it a
better choice than HTCC. LTCC products are also
utilized in wireless technologies and RF modules,
facilitating regular communication. The key
LTCC and HTCC market players are contributing to
the increased RD activities in this field. They
are investing a high amount in RD for effective
production processes of LTCC and HTCC products.
For example, the electronic devices segment of
Kyocera Corporation invested 174.8 million in
2021 in RD activities, which was 17 higher than
last year. The investment's primary goal was to
enhance the electrical and electronic devices
portfolio.
3
The automotive sector acquired a significant
share of the LTCC and HTCC market, amounting to
40 revenue generation, in 2021. The industry
will also dominate the market in the coming
years. This is ascribed to the surging demand for
various automotive electronics, including
telematics, and the increasing vehicle safety
awareness. Moreover, countries such as Russia,
India, Argentina, Thailand, and Brazil have a
high demand for ceramics, due to the mass
adoption of vehicle sensors and devices.
Wireless communication networks are witnessing
a surge in demand, attributed to their
cost-effectiveness, easy accessibility,
high-speed connectivity, and flexibility. The
LTCC technology usage is expanding in the fields,
such as Bluetooth, WLAN, and mobile phone front
ends, in the millimeter-wave and microwave
frequency bands. The advancements in the
technologies have been made by various companies
for their new applications, which will facilitate
them to expand in the 5G space. For example,
Transmissive Metasurface Technology was
introduced by KYOCERA Corporation to improve 5G
and 6G networks coverage, in April 2022. The
development strategies adopted by industry
players have also boosted the market growth. For
instance, in Japan, KYOCERA Corporation announced
the construction of two additional facilities at
Kokubu Plant Campus in 2021. It will enhance the
fine ceramic components production for
manufacturing semiconductor equipment. Moreover,
Murata Manufacturing Co. Ltd. started mass
manufacturing a multilayer ceramic capacitor of
size 0.60.3 mm2 in 2021, for automobile safety
and powertrain applications. To receive free
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4
APAC held the largest share in the LTCC and HTCC
market in 2021, attributing to the growing
automotive and industrial electronics sectors in
Japan, South Korea, India, and China. The demand
for co-fired ceramics has increased over time,
due to the rapid production of electronic
products, which are extensively used in the
telecommunications and automotive industries.
Thus, the increased adoption of wireless
technology has led to a boom in the market, with
increased efficiency of 5G and 6G networks.
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