LTCC Market Analysis Size, Growth rate and Overview:
LTCC Market was valued at USD xx
billion in 2017 and is expected to reach almost USD xx billion by the end of 2025, growing at a CAGR of around 11.43% over the predicted period.
A
low-temperature co-fired ceramic (LTCC) device is one of the most rapidly
developed integral passive devices which provides a solution to the integration
of passive components, such as capacitor, resistor, inductor, resonator and
filter, etc. into a multilayered ceramic module by interconnecting each
component in layers. LTCC has gone through many changes, evolving from a simple
multilayer substrate technology to a complex microelectronic system suitable
for ‘intelligent’ packages with buried passive components, heat sinks, sensors,
actuators, energy harvesters and even micro systems. Moreover, novel materials
and enhanced processes have been introduced constantly. Since the major portion
of power loss in high-frequency circuits is generated by current loss, owing to
the finite electrical conductivity and skin effect, high conductivity metals
such as silver or copper are preferred as electrode materials. To overcome
these difficulties, various kinds of low-temperature fire able and non-reducible
low-temperature co-fired ceramics have been developed and put into practical
use. These materials can be classified into two types, concerning the basic
material like glass-added,non glass system and concerning the conductor
material like copper system and silver system.
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LTCC Market Key Drivers, Challenges, and Opportunities:
The
unique functional properties offered by ceramic materials make them good
candidates for various advanced engineering applications like vast industrial
sectors that involve aeronautics, biomaterials, communications and automotive
etc. The rapid growth in the electronic devices
and applications is the major driver for the growth of market. Improvement in research
and development and technological advances has increased the demand for
reliable and compact electronic devices. This has led to the growing demand for
miniaturized and reliable ICs. The growth in smartphone penetration will
trigger the demand for LTCC substrates in the consumer electronics sector. However,
the market may decline due to the fragmentation of the smartphone market in
some regions.
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LTCC Market – Regional
Presence:
Geographically, Asia pacific is the largest and prominent
market for the growth of LTCC due to the development of large industries and
urbanization, and is expected to continue in the future forecast period. North
America region is the second largest market due to the development of large
consumer base and their applications. Europe and Middle East witnesses a major
growth due to the new technological growth.
Some of
the Key Players Profiled in this LTCC Market Report are:
Some of the Key players in the global market areKyocera Corporation,
Dupont, CeramTec, Murata, Kyocera, Taiyo Yuden, KOA
Corporation, Yokowo, Hitachi Metals, Nikko, Soshin Electric, Bosch, and others.
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kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
https://marketreportsweb.com/
https://acutemarketinsights.com/
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