Global Low-Temperature Co-fired Ceramics Market Grows Steadily at a CAGR of 7.56%

Introduction

Ceramics co-fired at low temperatures with low resistance metal conductors are known as low temperature co-fired ceramics. These ceramics comprise a multi-layer glass-ceramic substrate that is co-fired at low temperatures. The typical components of a monolithic structure of low-temperature co-fired ceramics are screen-printed low-loss conductors, multiple dielectric layers, resistors and capacitors, and other electronic components. The low-temperature co-fired ceramics technology is exceptionally well-suited for various applications, including high-volume automotive systems, high-frequency radio frequency (RF), microwave, wireless, and radar products. The low-temperature co-fired ceramics technology has undergone consistent development and brought about a sea change in the electro-ceramic industry by creating one-of-a-kind products and systems.

Market Dynamics

Growing Auto Industry and Increased Research and Development Spending Drive the Global Market

Demand for front-end receivers, duplexers, and transmitters rises, making demand for low-temperature co-fired ceramics. Low-temperature co-fired ceramics can help integrate passive components like resistors, capacitors, resonators, and filters. Low-temperature co-fired ceramics can be used in high-volume automotive system applications. As the automotive industry grows, the demand for low-temperature co-fired ceramic technology will rise. Rapid industrialization and urbanization drive the low-temperature co-fired ceramics market. In recent years, automobiles, aerospace, consumer, and industrial electronics have invested more money, increasing demand for low-temperature co-fired ceramics.

Increased capabilities in research and technological advances in cost-effective production and processing have fueled demand for low-temperature co-fired ceramics. A wide range of end-user verticals has expressed an interest in this technology. Such elements will aid the market's expansion.

Increasing Demand for Miniaturizing Electrical Components Creates Tremendous Opportunities

Growing demand for miniaturized electrical components also presents expansion opportunities. Miniaturization of electronic equipment will drive demand for low-temperature co-fired ceramics. Low-temperature co-fired ceramics can be used to make miniaturized devices economically. In the coming years, consumer electronics, automotive, and aerospace will likely demand more low-temperature co-fired ceramics.

Regional Analysis

Asia-Pacific will lead the global low-temperature co-fired ceramics market. During the forecasted period, the region's market is expected to increase due to the industrial infrastructure growth. China, India, Japan, Singapore, and Indonesia are the most powerful in Asia-Pacific. Increased investment in these countries' automotive, medical, and aerospace industries may also boost demand for low-temperature co-fired ceramics. These countries' industries make this likely.

Low-temperature co-fired ceramics will grow in North America. North America's low-temperature co-fired ceramics market is expected to be significant. Consumer electronics, home appliances, and telecommunications equipment are driving the market for low-temperature co-fired ceramics in the region. The U.S. is a leading electronics market. Thus, demand for low-temperature co-fired ceramics is expected to rise.

Key Highlights

•  The global low-temperature co-fired ceramics market was valued at USD 4.08 billion in 2021. It is expected to reach USD 7.86 billion by 2030, growing at a CAGR of 7.56% during the forecast period (2022–2030).
•  Based on the material, the market for low-temperature co-fired ceramics can be divided into several categories, such as ceramic, glass, and silicon.
•  Based on the type, the market for low-temperature co-fired ceramics is segmented into glass-ceramic composites and glass-bonded ceramics.
• Asia-Pacific is expected to lead the global low-temperature co-fired ceramics market during the forecast period.

Competitive Players

Competitive Analysis

The key players in the global low-temperature co-fired ceramics market include 

• DuPont
• NGK SPARK PLUG's GROUP
• Adamant Namiki Precision Jewel Co., Ltd.
• KYOCERA Corporation
• Micro Systems Engineering GmbH
• Murata Manufacturing Co., Ltd.
• NEOTech
• NIKKO COMPANY
• NTK Technologies
• VIA Electronic GmbH

Recent Developments

Market News

• May 2022, NEOTech Invests in New Selective Wave Soldering Machines, Increasing Manufacturing Efficiency, and Quality.
• Feb 2022, NEOTech Partners with Hemisphere GNSS for Product Manufacturing of Portable, Affordable Smart Antenna Solution.

Segmentation

Global Low-Temperature Co-fired Ceramics Market: Segmentation

By Material

• Ceramic
• Glass
• Silicon

By Type

• Glass-Ceramic Composites
• Glass Bonded Ceramics

By End-user

• Automotive
• Power
• Aerospace
• Industrial
• Consumer Electronics

By Region

• North America
• Europe
• Asia Pacific
• LAMEA