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Download Free sampleThe global LTCC Ceramic Substrates market was valued at 990.79 Million USD in 2021 and will grow with a CAGR of 6.44% from 2021 to 2027, based on Research newly published report.
The prime objective of LTCC Ceramic Substrates Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, LTCC Ceramic Substrates Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
LTCC Ceramic Substrates is a type of multilayer ceramic substrate that made by lower temperature (usually from 850 to 900?) firing process than general ceramic firing process by adding glass to alumina. It makes it possible to use low resistive conductor as conductor patterns in.The LTCC market is dominated by a few players from Japan and Europe, key players like Murata, Kyocera, TDK, Bosch, KOA Corporation and Taiyo Yuden, etc. Asia Pacific is the largest and the fastest-growing LTCC market, especially strong demand from China market, high demand for LTCC components in consumer electronics, automotive, telecommunications, aerospace & defense, medical industries, etc. North America and Europe are also important consumers, both have a share of nearly over 30% in recent years, and the key demand from automotive, telecommunications, aerospace & defence, and medical industries. China is the fastest-growing country in the next five years, the domestic market is dominated by players like Murata and Kyocera, especially in the high-end market. There are several local players, like Shenzhen Sunlord Electronics, Microgate, glead and CETC 43rd Institute, but mainly focus on the low-end market. In the future, we expect more Chinese players will enter the LTCC market, driven by the demand for 5G. In terms of product type, LTCC components are the largest segment, with a share of over 67% in terms of volume, and based on the end market, consumer electronics are the largest market and hold a share of about 75% in 2019.
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