Low Temperature Co-Fired Ceramics Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018-2028, Segmented By Type ; By Application ; By Region

Description

Global Low Temperature Co-Fired Ceramics Market to Grow at a CAGR of 17% during Forecast Period

Global low temperature co-fired ceramics market is growing at a high CAGR because of industrialization, urbanization, and electronics downsizing. The growing popularity of Light Emitting Diodes (LEDs) has also boosted the global low temperature co-fired ceramics market.

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global low temperature co-fired ceramics market was worth USD 3.51 billion in the year 2021. The market is projected to grow at a CAGR of 8.2% from 2022-2028 (forecast period), earning revenues of around USD 6.03 billion by the end of 2028. Global low temperature co-fired ceramics market is booming because of the rise of the consumer goods industry, the spread of metropolitan areas, and the present trend toward smaller electronic devices. The rising popularity of Light Emitting Diodes (LEDs) has contributed to the expansion of the global low temperature co-fired ceramics market in recent years. This has increased demand for low temperature co-fired ceramics.

As electronics get smaller, demand for low temperature co-fired ceramics rises

It is projected that a greater emphasis will be placed on the reduction in size of electronic equipment, which will be the primary driver of growth in the market for low-temperature co-fired ceramics. Ceramics that have been co-fired at low temperatures can be used as the principal material in the production of these small devices, which enables the production process to be carried out in a very economical manner. As a direct consequence of this, it is projected that the consumer electronics, automotive, and aerospace industries would experience a rise in demand for low-temperature co-fired ceramics in the years to come.

Challenge

The performance of low temperature co-fired ceramics is being affected by concerns relating to shrinkage

Significant inhomogeneities, such as vias, cavities, and other cuts, can be found in low temperature co-fired ceramics tapes. These inhomogeneities result in inhomogeneous shrinkage during the sintering process, which has a negative impact on the quality of the finished multilayer device. An exact measurement of the geometry of the cutouts both before and after sintering, as well as in-situ observations using an optical dilatometer, were used to study the influence that such cutouts have on the shrinkage behavior of LTCC tapes.

Global Low Temperature Co-Fired Ceramics Market - By Application

On the basis of application segmentation, global low temperature co-fired ceramics market is divided into consumer electronics, automobile electronics, aerospace and military electronics, telecommunications and others. The increasing use of low temperature co-fired ceramics material has been seen most prominently in the electronic components of automobiles. This is primarily attributable to the incorporation of sensors in various components of automobiles, including engines, power transmissions, and hydraulic braking units, amongst others. Because these sensors are constantly subjected to high temperatures and harsh operating conditions, the performance of these sensors deteriorates over time when they are used for an extended period of time. Thus, this necessitates the adoption of low temperature co-fired ceramics technology for this sector.

Global Low Temperature Co-Fired Ceramics Market - By Region

The global market for low temperature co-fired ceramics is broken down into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Increased demand in the region has made Asia Pacific the global leader in the production of electrical products. Countries like China, India, Japan, Singapore, and Indonesia have been spending heavily in research and development and new product development, making them ideal market participants at every step of the supply chain. There is a plethora of market actors in the countries of the region.

Impact of COVID-19 on Global Low Temperature Co-Fired Ceramics Market

Electronic equipment used in many fields, from aerospace and transportation to healthcare and consumer electronics, relies heavily on ceramics that have undergone low-temperature co-firing. Due to the COVID-19 pandemic, there has been a significant drop in demand for certain goods. As a result of the lockdowns enacted by the governments of many countries to stem the spread of the epidemic, many of the industries that create these commodities have either shut down fully or partially. Because of the drop in demand for electrical equipment brought on by the COVID-19 pandemic, the global market for low-temperature co-fired ceramics is experiencing substantial contraction.

Competitive Landscape

Adamant Namiki Precision Jewel Co., Ltd., American Technical Ceramics Corp., Hitachi Metals Ltd., KYOCERA Corporation, Neo Technologies, Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, Yokowo Co. ltd., and others are all major players in the global market for low temperature co-fired ceramics. These companies are able to maintain their positions through a combination of factors, including high R&D spending, the incorporation of cutting-edge technology into their products, and the release of improved offerings to consumers.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global low temperature co-fired ceramics market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Low Temperature Co-Fired Ceramics Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22441

1. Research Framework

1.1. Research Objective
1.2. Material Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Low Temperature Co-Fired Ceramics Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.2. Restraints
- 3.2.3. Opportunity
- 3.2.4. Challenges
3.3. Technological Advancement/Recent Development
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Low Temperature Co-Fired Ceramics Market Overview

4.1. Market Size & Forecast by Value, 2018-2028
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Glass Ceramics Technology
  - 4.2.1.2. Glass Ceramic Composites Technology
  - 4.2.1.3. Glass Bonded Ceramics Technology
  - 4.2.1.4. Others
- 4.2.2. By Application
  - 4.2.2.1. Consumer Electronics
  - 4.2.2.2. Automobile Electronics
  - 4.2.2.3. Aerospace and Military Electronics
  - 4.2.2.4. Telecommunications
  - 4.2.2.5. Others
- 4.2.3. By Region
  - 4.2.3.1. North America
  - 4.2.3.2. Europe
  - 4.2.3.3. Asia Pacific
  - 4.2.3.4. Latin America
  - 4.2.3.5. Middle East and Africa

5. North America Low Temperature Co-Fired Ceramics Market

5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Application
- 5.2.3. By Country
  - 5.2.3.1. US
  - 5.2.3.1.1. By Type
  - 5.2.3.1.2. By Application
  - 5.2.3.2. Canada
  - 5.2.3.2.1. By Type
  - 5.2.3.2.2. By Application

6. Europe Low Temperature Co-Fired Ceramics Market

6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
  - 6.2.3.1. Germany
  - 6.2.3.1.1. By Type
  - 6.2.3.1.2. By Application
  - 6.2.3.2. UK
  - 6.2.3.2.1. By Type
  - 6.2.3.2.2. By Application
  - 6.2.3.3. Italy
  - 6.2.3.3.1. By Type
  - 6.2.3.3.2. By Application
  - 6.2.3.4. France
  - 6.2.3.4.1. By Type
  - 6.2.3.4.2. By Application
  - 6.2.3.5. Spain
  - 6.2.3.5.1. By Type
  - 6.2.3.5.2. By Application
  - 6.2.3.6. Netherlands
  - 6.2.3.6.1. By Type
  - 6.2.3.6.2. By Application
  - 6.2.3.7. Belgium
  - 6.2.3.7.1. By Type
  - 6.2.3.7.2. By Application
  - 6.2.3.8. Poland
  - 6.2.3.8.1. By Type
  - 6.2.3.8.2. By Application
  - 6.2.3.9. Austria
  - 6.2.3.9.1. By Type
  - 6.2.3.9.2. By Application
  - 6.2.3.10. Croatia
  - 6.2.3.10.1. By Type
  - 6.2.3.10.2. By Application
  - 6.2.3.11. NORDIC Countries
  - 6.2.3.11.1. By Type
  - 6.2.3.11.2. By Application
  - 6.2.3.12. Rest of Europe
  - 6.2.3.12.1. By Type
  - 6.2.3.12.2. By Application

7. Asia Pacific Low Temperature Co-Fired Ceramics Market

7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
  - 7.2.3.1. China
  - 7.2.3.1.1. By Type
  - 7.2.3.1.2. By Application
  - 7.2.3.2. India
  - 7.2.3.2.1. By Type
  - 7.2.3.2.2. By Application
  - 7.2.3.3. Japan
  - 7.2.3.3.1. By Type
  - 7.2.3.3.2. By Application
  - 7.2.3.4. South Korea
  - 7.2.3.4.1. By Type
  - 7.2.3.4.2. By Application
  - 7.2.3.5. Australia & New Zealand
  - 7.2.3.5.1. By Type
  - 7.2.3.5.2. By Application
  - 7.2.3.6. Malaysia
  - 7.2.3.6.1. By Type
  - 7.2.3.6.2. By Application
  - 7.2.3.7. Singapore
  - 7.2.3.7.1. By Type
  - 7.2.3.7.2. By Application
  - 7.2.3.8. Philippines
  - 7.2.3.8.1. By Type
  - 7.2.3.8.2. By Application
  - 7.2.3.9. Thailand
  - 7.2.3.9.1. By Type
  - 7.2.3.9.2. By Application
  - 7.2.3.10. Vietnam
  - 7.2.3.10.1. By Type
  - 7.2.3.10.2. By Application
  - 7.2.3.11. Rest of Asia Pacific
  - 7.2.3.11.1. By Type
  - 7.2.3.11.2. By Application

8. Latin America Low Temperature Co-Fired Ceramics Market

8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
  - 8.2.3.1. Brazil
  - 8.2.3.1.1. By Type
  - 8.2.3.1.2. By Application
  - 8.2.3.2. Mexico
  - 8.2.3.2.1. By Type
  - 8.2.3.2.2. By Application
  - 8.2.3.3. Argentina
  - 8.2.3.3.1. By Type
  - 8.2.3.3.2. By Application
  - 8.2.3.4. Peru
  - 8.2.3.4.1. By Type
  - 8.2.3.4.2. By Application
  - 8.2.3.5. Colombia
  - 8.2.3.5.1. By Type
  - 8.2.3.5.2. By Application
  - 8.2.3.6. Rest of Latin America
  - 8.2.3.6.1. By Type
  - 8.2.3.6.2. By Application

9. Middle East & Africa Low Temperature Co-Fired Ceramics Market

9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
  - 9.2.3.1. Saudi Arabia
  - 9.2.3.1.1. By Type
  - 9.2.3.1.2. By Application
  - 9.2.3.2. UAE
  - 9.2.3.2.1. By Type
  - 9.2.3.2.2. By Application
  - 9.2.3.3. Qatar
  - 9.2.3.3.1. By Type
  - 9.2.3.3.2. By Application
  - 9.2.3.4. Kuwait
  - 9.2.3.4.1. By Type
  - 9.2.3.4.2. By Application
  - 9.2.3.5. South Africa
  - 9.2.3.5.1. By Type
  - 9.2.3.5.2. By Application
  - 9.2.3.6. Nigeria
  - 9.2.3.6.1. By Type
  - 9.2.3.6.2. By Application
  - 9.2.3.7. Egypt
  - 9.2.3.7.1. By Type
  - 9.2.3.7.2. By Application
  - 9.2.3.8. Morocco
  - 9.2.3.8.1. By Type
  - 9.2.3.8.2. By Application
  - 9.2.3.9. Kenya
  - 9.2.3.9.1. By Type
  - 9.2.3.9.2. By Application
  - 9.2.3.10. Algeria
  - 9.2.3.10.1. By Type
  - 9.2.3.10.2. By Application
  - 9.2.3.11. Turkey
  - 9.2.3.11.1. By Type
  - 9.2.3.11.2. By Application
  - 9.2.3.12. Rest of Middle East & Africa
  - 9.2.3.12.1. By Type
  - 9.2.3.12.2. By Application

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Low Temperature Co-Fired Ceramics Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Low Temperature Co-Fired Ceramics System Market

12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

12.1. Adamant Namiki Precision Jewel Co., Ltd.
12.2. American Technical Ceramics Corp.
12.3. Hitachi Metals, Ltd.
12.4. KYOCERA Corporation
12.5. Neo Technologies, Inc.
12.6. NIKKO COMPANY
12.7. NTK Technologies
12.8. TDK Corporation
12.9. VIA Electronic GmbH
12.10. Yokowo Co., ltd.
12.11. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumption & Limitation