Global Low-Temperature Co-Fired Ceramic (LTCC) Substrate Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR12941

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This industry research report identifies KYOCERA, Murata Manufacturing, TDK, and DuPont as the key vendors in the global low-temperature co-fired ceramic (LTCC) substrate market. This industry research report also presents a competitive analysis of the market by end-user application (consumer electronics, home appliances, computers and peripherals, and automotive) and by geography (the Americas, APAC, and EMEA).

Overview of the global low-temperature co-fired ceramic (LTCC) substrate market

Market research analysts at Technavio predict that the global low-temperature co-fired ceramic (LTCC) substrate market will grow steadily during the next four years and post a CAGR of close to 9% by 2021. This market research analysis identifies the growing smartphone penetration as one of the primary growth factors for this market. The growth of the consumer electronics sector is due to the rising demand for smartphones and their increasing penetration, especially in developing economies. Additionally, the growth of IoT is another reason for the growth of this market since the majority of the IoT devices are controlled by apps installed on smartphones and tablets.

One of the latest trends that will gain traction in the global low-temperature co-fired ceramic (LTCC) substrate market in the coming years is the growing demand for LEDs and need for LTCC technology. LTCC technology, especially for packaging in LED lighting, is gaining momentum globally due to the growing need for power conservation, efficient lighting, and advanced lighting features. Factors such as the higher light output of LEDs and higher efficiency of LED that are leading to an increasing demand for LED lighting, will have a direct impact on the demand for LTCC substrates during the forecast period.

Competitive landscape and key vendors

Due to the presence of several large and small scale vendors, this market appears to be highly fragmented. The rapid technological advances and changing market dynamics are the key factors for the intense competition among vendors. The major players in the market are adopting growth strategies to improve their product portfolios and are integrating highly optimized technologies to increase market penetration. Additionally, these players are also investing in research to develop innovative products. Vendors with better economies have a competitive advantage over the other players.

The leading vendors in the market are -

  • Murata Manufacturing
  • TDK
  • DuPont

The other prominent vendors in the market include TAIYO YUDEN, KOA, Yokowo, and Selmic.

Segmentation by end-user application and analysis of the global LTCC substrate market

  • Consumer electronics
  • Home appliances
  • Computers and peripherals
  • Automotive

During 2016, the consumer electronics segment accounted for the major shares and dominated this market.  The transition from traditional handsets to smartphones is a prominent factor that is driving the growth of the segment. Additionally, the increasing LTCC content in advanced smartphones will also contribute to the growth of this market segment during the forecast period.

Geographical segmentation and analysis of the global LTCC substrate market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The growth of the automotive and consumer electronics industries is a key driver for market growth. With the rapid increase in miniaturization, the demand for mobile devices and the smartphone market is expected to rise significantly, which will in turn, drive the demand for LTCC substrate-based components in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global low-temperature co-fired ceramic (LTCC) substrate market?
  • What are the key market trends impacting the growth of the global low-temperature co-fired ceramic (LTCC) substrate market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global low-temperature co-fired ceramic (LTCC) substrate market?
  • What are the market opportunities and threats faced by the vendors in the global low-temperature co-fired ceramic (LTCC) substrate market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global low-temperature co-fired ceramic (LTCC) substrate market?

Technavio also offers customization on reports based on specific client requirement.

In electronic materials and devices, high heat and harsh environments can push miniature elements such as capacitors, inductors, resistors, and circuits to their limits. As a result, the demand for low resistance metal conductors is increasing as it can withstand the toughest conditions and enable smaller, more reliable electronics. By co-firing glass ceramic substrate with low resistance metal conductors at low firing temperature, they can be produced, which is useful in military radar, imaging systems, advanced automotive sensing, telecommunications, and satellites. This market research report is an important part of Technavio‘s hardware and semiconductor industry, which consists of numerous reports from similar markets such as computing devices, embedded systems, and human-machine interface. The upcoming research report explores the emerging applications of this technology and offers an insight into its market landscape to help a client with optimal business entry strategies.

To gain accurate data and insights on this industry, research experts at Technavio carry out an in-depth primary and secondary research by collecting data from suppliers, manufacturers, R&D facilities, consumers, and other key stakeholders. The upcoming research report on the low temperature co-fired ceramic substrate market also explores the growth of related markets such as the global system-on-chip (SoC) test equipment market and the semiconductor chip packaging market, which are expected to grow at a CAGR of 2% and 31%, respectively, for the forecast period of 2017 to 2021. With advances in technology and the quest for more computing power, the computing world has witnessed massive pressure in developing chipsets that can deliver more power in smaller area, which results in higher core temperatures and harsher environments.

The upcoming research report on the low temperature co-fired ceramic substrate market also covers other factors such as key market drivers, demand-supply shifts, new applications areas, and opportunities and challenges faced by this industry. The report also considers the growth of similar markets such as displays, sensors, and lighting.

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by end-user application

  • Global LTCC substrate market by end-user application

PART 07: Geographical segmentation

  • Global LTCC substrate market by geography

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Growing demand for LEDs and need for LTCC technology
  • Miniaturization of electronic devices
  • High growth prospects due to increasing IoT applications

PART 11: Vendor landscape

  • Competitive scenario
  • Key vendors
  • Other prominent vendors

PART 12: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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