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

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