The global LTCC market is driven by several factors. For instance, the increasing miniaturization of the electronics with increasing demand for LEDs have been the driving factors from LTCC’s adoption in the consumer, military, and aerospace sectors. Also, the use of various sensors in different parts of the automobiles operating at high temperatures is leading to an increasing demand for LTCC. The increasing usage of LTCC technology toward the MEMS sectors have also been driving the adoption of LTCC. However, the technology is associated with some technical challenges and restraints which have been hampering the adoption to a certain level. Issues such as lower thermal conductivity of LTCC and cost competitiveness at the large scale have been restricting the adoption of LTCC globally.

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The benefits offered by the LTCC have been head turners for the global electronics sector. As a result, existing and new market players have been entering this business and have adopted the technology toward the manufacturing of multilayer circuits. However, the associated high initial costs and involved R&D has been a key challenge for the new entrants.

The growing adoption has been witnessed primarily in the automobile electronics due to the incorporation of sensors at various parts of the vehicles, such as engines, power transmissions, and hydraulic braking units. These sensors are always exposed to high temperatures and harsh operating conditions, which leads to their performance degradation, when used over a prolonged period of time. Thus, this necessitates the adoption of LTCC technology for this sector.

China, North America, and Asia-Pacific & Japan (APJ) hold significant shares in the global low temperature co-fired ceramics market. In terms of revenue generation for this market, China has been dominating as the country possesses a very healthy business ecosystem of this technology. The country is well-equipped with ample amount of market players in each stage of the supply chain and has also been actively investing in new innovations and research and development (R&Ds). Also, Japan is considered to be the world’s top producer and exporter of the LTCC devices globally with a large ecosystem of the LTCC market players.

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The competitive landscape of the low temperature co-fired ceramics market consists of different business and corporate strategies undertaken by the major players across the entire value chain to gain market presence. Some of the business strategies adopted by the market players of low temperature co-fired ceramics market are product developments and joint ventures. Among all the strategies adopted, product developments have dominated the competitive landscape between 2017 and 2020, accounting for XX% of the share. Adamant Namiki Precision Jewel Co., Ltd., American Technical Ceramics Corp., Api Technologies Corp., DuPont, Hitachi Metals, Ltd., KOA Corporation, KYOCERA Corporation, Micro Systems Technologies, Murata Manufacturing Co., Ltd., Neo Tech Inc., NIKKO COMPANY, NTK Technologies, TDK Corporation, VIA Electronic GmbH, and Yokowo co., ltd., are some of the leading players in the global low temperature co-fired ceramics market.

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