Low Temperature Co-Fired Ceramics Market to Grow at CAGR

New Delhi, Oct. 18, 2022 (GLOBE NEWSWIRE) — The global low temperature cofired ceramics market is growing at a high CAGR owing to industrialization, urbanization and downsizing of electronics. The growing popularity of light-emitting diodes (LEDs) has also boosted the global market for low-temperature cofired ceramics.

A recent study conducted by the strategic consultancy and market research firm, BlueWeave Consultingrevealed that the low temperature cofired ceramics market was worth USD 3.51 billion in 2021. The market is expected to grow at a CAGR of 8.2% from 2022 to 2028 (forecast period), generating revenue of approximately USD 6.03 billion by the end of 2028. The ceramic market is booming due to the boom in the consumer goods industry, the spread of metropolitan areas, and the current trend towards smaller electronic devices. The growing popularity of light-emitting diodes (LEDs) has contributed to the expansion of the global market for low-temperature cofired ceramics in recent years. This has increased the demand for low temperature cofired ceramics.

As electronics become smaller, demand for low temperature cofired ceramics increases

There is expected to be more emphasis on downsizing of electronic equipment, which will be the main growth driver for the low-temperature cofired ceramics market. Low-temperature cofired ceramics can be used as the main material in the production of these small devices, which allows the production process to be carried out very economically. As a direct result, it is expected that the consumer electronics, automotive and aerospace industries will experience an increase in demand for low temperature cofired ceramics in the coming years.

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Challenge

The performance of cofired ceramics at low temperatures is affected by issues related to shrinkage

Significant inhomogeneities, such as vias, cavities, and other cuts, can be found in low-temperature cofired ceramic ribbons. These inhomogeneities lead to inhomogeneous shrinkage during the sintering process, which negatively impacts the quality of the finished multilayer device. Exact measurement of the geometry of the cutouts before and after sintering, as well as in situ observations using an optical dilatometer, were used to study the influence that these cutouts have on the shrinkage behavior of the LTCC tapes. .

Global Low Temperature Cofired Ceramics Market – By Application

Based on application segmentation, the global low temperature cofired ceramics market is divided into consumer electronics, automotive electronics, aerospace and military electronics, telecommunications and others. The increasing use of low-temperature cofired ceramic materials has been seen most prominently in automotive electronics. This is mainly due to the incorporation of sensors into various components of automobiles, including engines, power transmissions, and hydraulic braking units, among others. Since these sensors are constantly subjected to high temperatures and harsh operating conditions, the performance of these sensors deteriorates over time when used for an extended period of time. Thus, this necessitates the adoption of low temperature cofired ceramic technology for this sector.

Please see the press release: https://www.blueweaveconsulting.com/press-release/global-low-temperature-co-fired-ceramics-market-to-grow-at-a-cagr-of-17-during-forecast-period

Global Low Temperature Co-fired Ceramics Market – By Region

The global low temperature cofired ceramics market is segmented into the following regions: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Rising demand in the region has made Asia-Pacific the world leader in the production of electrical products. Countries like China, India, Japan, Singapore, and Indonesia have invested heavily in R&D and new product development, making them ideal market players at every stage of the supply chain. ‘supply. There is a plethora of market players in the countries of the region.

Impact of COVID-19 on the Global Low Temperature Cofired Ceramics Market

Electronic equipment used in many fields, from aerospace and transportation to healthcare and consumer electronics, relies heavily on ceramics that have been co-fired at low temperatures. Due to the COVID-19 pandemic, there has been a significant drop in demand for certain goods. Following the containment measures decreed by the governments of many countries to stem the spread of the epidemic, many industries that create these products have closed completely or partially. Due to the decline in demand for electrical equipment caused by the COVID-19 pandemic, the global low temperature cofired ceramics market is witnessing a significant 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 low temperature cofired ceramics market. These companies are able to maintain their positions through a combination of factors, including high spending on R&D, incorporating advanced technologies into their products, and delivering enhanced offers to consumers.

Don’t miss the business opportunity in the global Low Temperature Cofired Ceramics Market. Consult our analysts to gain crucial insights and facilitate the growth of your business.

The in-depth analysis of the report provides insights into the growth potential, upcoming trends, and statistics of the global Low Temperature Cofired Ceramics Market. It also highlights the factors driving the forecast of the total market size. The report promises to provide the global Low Temperature Cofired Ceramics market recent technology trends and industry insights to help decision makers to make sound strategic decisions. In addition, the report also analyzes market growth drivers, challenges, and competitive dynamics.

Recent development

  • In 2021, Indian scientists created better toxic-free multilayer technology that encases electrical components such as resistors and capacitors. India imports low temperature cofired ceramic (LTCC) substrates for satellite communication components.

Report scope

Attributes Details
Years considered Historical data – 2018-2021
Base year – 2021
Estimated year – 2022
Forecast – 2022 – 2028
Facts Covered Revenue in billions of dollars
Market coverage North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Product Service/Segmentation By type, by application, by region
Key players 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 other leading players.

By type

  • Glass-ceramic technology
  • Glass-ceramic composite technology
  • Glass bonded ceramic technology
  • Others

By request

  • Consumer electronics
  • Automotive electronics
  • Aerospace and military electronics
  • Telecommunications
  • Others

By region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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