Global Co-Fired Ceramic overview : 2020 size, outlook, segments, industry insights and 2027 forecasts and review
Market Synopsis
The Global Co-Fired
Ceramic Market was valued at USD 886 million in 2018 and is forecast to rise at
a CAGR of 4.45% to reach USD 1.2 Billion by 2025.
This growth can be attributed to increased application of
co-fired ceramics in wireless devices, rising integration of electronics in the
automotive systems, and a focus on automation of manufacturing processes across
industries.
The increased demand for VLSI and ULSI circuitry is expected to
propel the growth of this market during the review period.
Due to the wide application scope of ICs, which are manufactured
using co-fired ceramics, in almost all industries, the market is highly
resistant to saturation.
Market USP
The high application of co-fired ceramics in the fast-expanding
wireless devices market is expected to drive market growth.
SEGMENTATION
The high applicability of co-fired ceramics makes for a very
robust market segmentation with high dividends expected in each segment.
By Process Type
- Low-Temperature
Co-Fired Ceramic (LTCC): Currently the larger segment, it is also expected
to register the higher CAGR during the forecast period. The unparalleled
growth of the segment is due to the high application potential of LTCCs in
the electronics, telecommunications, automotive, and electronics
industries. LTCCs offer advantages such as extreme resistance to thermal
and mechanical stress, good thermal conductivity, and low production costs
for medium to large quantities.
- High-Temperature
Co-Fired Ceramic (HTCC): Used in extreme high-stress applications, HTCCs
offer utility in transmission and reception devices in the
telecommunications and aerospace & defense industries, among others.
The advantages of HTCCs include ease of integration in metal housing due
to matching thermal coefficients, very high thermal conductivity, and
excellent mechanical stability. HTCCs find widespread use in defense &
aerospace applications.
By Material
- Glass-Ceramic:
The larger market segment as glass-ceramics find use in the manufacture of
LTCCs. This segment is also projected to exhibit the higher CAGR due to
the utilization of glass-ceramic LTCCs in emerging markets such as
wireless devices.
- Ceramic:
This segment is seeing steady growth due to the use of ceramics in the
manufacture of HTCCs and certain LTCCs. The use of the material is also
more cost-effective.
By
Application
- Telecommunications:
According to the Telecommunications Industry Association, the industry
generated USD 1.6 trillion in revenue in 2019.
The telecommunications segment is projected to be the largest due to the
use of LTCCs in virtually every aspect of the industry. Moreover, as bulk
co-fired ceramics production tends to be more cost-effective, the
large-scale use of co-fired ceramic ICs in telecommunications applications
is expected to propel the growth of the segment.
- Defense
& Aerospace: The dependence on electronics for critical applications
in the aerospace & defense industry has led to the widespread use of
ICs. The industry requires specialized ICs, necessitating the use of
co-fired ceramics.
- Automotive:
The fastest-growing segment due to the increased application of
electronics in various automotive systems. The rapid growth of the
automotive industry is also projected to drive bulk CFC production.
- Medical:
Modern diagnostic tools and computer-assisted surgery rely on chipsets
that use CFCs. This segment is growing due to the growth of the global
medical market and technological advances in the field.
- Consumer
Electronics: Representing a significant market share, consumer electronics
widely use CFCs in the form of ICs and wireless transmission equipment.
The segment is expected to register a stable growth rate.
- Others:
Virtually all automated manufacturing units, the logistics industry, and
tracking technologies extensively use CFCs.
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By Region
- North
America: Technologically very proficient but lacks the low-cost
manufacturing capabilities of other regions.
- Europe:
- Asia-Pacific:
The largest and fastest-growing market.
- Middle
East & Africa
- Latin
America
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