Low Temperature Co-fired Ceramic (LTCC) Market size is anticipated to be valued at USD 5,162.3 million in 2021 and is expanded to grow at a significant CAGR of 6.7% over 2022-2028. Low-temperature co-fired ceramics are largely used in electronics equipment used in various industries, including aerospace, automobiles, medical devices, and consumer electronics. The market for low-temperature co-fired ceramics is predicted to grow as the focus on downsizing electronic equipment grows. Low-temperature co-fired ceramics can be used to create these tiny devices at a very low cost. As a result, demand for low-temperature co-fired ceramics in the consumer electronics, automotive, and aerospace industries is expected to rise. The significant materials of low-temperature co-fired ceramics are aluminum, silicon, glass, and zirconium. Low temperature co-fired ceramic (LTCC) has become quite popular due to its effectiveness in decreasing transmission and improving thermal permittivity. The low temperature co-fired ceramic (LTCC) process is expected to enjoy massive popularity as the need for low temperature co-fired ceramic (LTCC) components continues to come from the telecommunication, automotive, medical, aviation, and defense sectors. The rapidly growing reliance on wireless telecommunication devices also contributes to market growth. While the current 4G mobile communication technology has been a significant success, the imminent debut of 5G technology is expected to bring up new growth opportunities for this sector. As the electronic devices industry rises, so will the number of applications for ceramic substrates, demand from diverse end-use industries, and the prevalence of high thermal stability ceramics. The increasing use of microelectronics in the automotive industry and the reliability of LTCC in high-voltage applications provide possibilities for leading market players. Furthermore, as the use of micro and non-microelectronics grows, the demand for LTTCC. Increasing usage of microelectronics in the automotive industry and reliability of LTCC in high electrical voltage applications are creating opportunities for the key market players. Moreover, growing usage for micro and non-microelectronics boosts the LTTCC demand are providing opportunities for the low temperature co-fired ceramic (LTCC) market.
Recent Market Developments:
In March 2022, TMY Technology Inc. a leading mmWave solution provider, has announced a collaboration with DuPontTM, Chroma ATE Inc., and ADIVIC to supply millimeter-wave solutions for 5G/ B5G and satellite communication applications. TMYTEK announced the strategic partnership with DuPontTM Microcircuit and Components Materials (DuPontTM MCM), the low temperature co-fired ceramic (LTCC) material systems provider, Chroma, a world-leading supplier of automated test systems and measurement instruments, and ADIVIC, a Chroma subsidiary, and a major wireless communication test and measurement solutions provider in Taiwan.
In March 2018, NEO Tech, a leading provider of manufacturing technology and supply chain solutions for brand name OEMs in the industrial, medical and aerospace & defense markets, announces that it recently produced and published new and expanded guidelines for the manufacture of Low-Temperature Co-fired Ceramic (LTCC) and Aluminum Nitride (AlN) packaging solutions.