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The Co-Fired Ceramic market is currently challenged by the emergence of a variety of dynamic trends, which are a result of the fast technological progression and evolving consumer behavior. Miniaturization is another key trend in this industry which enhances the integration of electronics components. The smaller and more compact electronic devices progressively become, there arises a growing need for co-firing ceramic technology that enables the incorporation of several functions within one and the same ceramic substrate. This tendency can be seen in the semiconductor and electronics industry where space economy is crucially important for the innovation of high-perform and miniature devices based on the advanced technologies.
The Co-Fired Ceramic market also sees a great surge in demand owing to the growing use of sophisticated packaging methods. The ceramic co-fired technology boasts sufficiently high thermal conductivity and electrical insulating properties that make it an excellent option for electronics and semiconductor packaging. With the industries looking forward to higher performance and dependability of electronic components co-fired ceramics emerge as an essential element to deliver proper heat dispersion as well as a protection against electrical interference.
Along with its usage in electronics, the Co-Fired Ceramic market is growing in the healthcare area. The need to employ trustworthy and biocompatible materials in developing medical devices is driving the use of co-fired ceramics. These ceramics have widespread uses, including diagnostics, implantable devices and other tools because of their outstanding mechanical strength, bio-compatibility and chemical stability. This inclination marks the broader shift towards the advanced curative materials in the healthcare industry to maintain the superiority and lifelong medical devices.
The sector of the Co-Fired Ceramic industry is being directly and indirectly affected by the global push to sustainability. As the movement towards eco practices continues to grow, manufacturers are inventing ceramic materials that are beneficial to the environment and can be reused. Ceramics is also used in the manufacturing of co-fired diodes. These are known for their resistance to wear and tear and form the basis of development of durable and long-lasting products, which, aligns with the growing consciousness towards reducing electronic waste. This trend will continue to grow in its significance with the mounting awareness and increasing importance of sustainability in the industry.
Additionally, the Co-Fired Ceramic industry is embarking on geographical expansion, expanding to developing countries. While these economies go through rapid industrialisation and technology upgrading, the consumption of co-fired ceramic components such as electronic parts, sensors and others is intensively rising.
Co Fired Ceramic Market Highlights:
Co-Fired Ceramic Market Overview
Global Co-Fired Ceramic Market is expected to register a CAGR of 4.45% to reach USD 1.2 Billion by 2025.
This market growth is reflective of the widespread use of co-fired ceramics in the manufacturing of integrated circuits (ICs). The demand for ICs is rising across industries with the automation of processes driving the global economy. The technological advances in the market are also fueling growth.
The demand for ICs with the ever-increasing number of transistors and logic gates in telecommunications, navigation, weather, and guidance systems, as well as consumer electronics, has led to the spread of very large scale integration (VLSI) ultra large scale integration (ULSI) technologies.
The instability of high-processing ICs is offset by the use of co-fired ceramics that offer robustness and extreme mechanical stability.
Thus, this market is poised to thrive during the forecast period concurrently with technological advances, offering excellent short-, mid-, and long-term business opportunities.
Market USP
The use of co-fired ceramics in manufacturing ICs, which find widespread application in various high-growth industries, such as telecommunications, electronics, automotive, and aerospace & defense.
Market Drivers
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Increased demand for a greater number of transistors and logic gates in ICs
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Advantages of co-fired ceramics such as the ability to withstand high thermal and mechanical stress while maintaining operational integrity
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Emergence of low-cost manufacturing hubs in developing economies
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Need for complete reliability in critical applications in the military, aerospace, and healthcare markets.
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Need for robust ICs with high computational ability
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Rapid automation of industrial and manufacturing complexes
Market Restraints
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High manufacturing costs for limited quantities
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Use of hyperalloys in place of HTCCs
Segmentation
By Process Type
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Low Temperature Co-Fired Ceramic (LTCC): Currently the larger market segment with the higher projected growth rate. These ceramics are used for almost all electronic equipment across industries.
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High Temperature Co-Fired Ceramic (HTCC): Used for high-stress applications where the product must bear extremes of temperature, stress, and pressure.
By Material
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Glass-Ceramic: Larger market share with a higher projected growth rate.
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Ceramic: Primarily used in HTCC, specifically for the packaging industry
By End-Use Industry
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Telecommunications: Virtually all telecommunication devices use LTCC ICs, resulting in the segment accounting for the largest market share in 2018.
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Defense & Aerospace: Used in the manufacturing of ICs for ballistic missile, tracking, and navigation systems.
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Automotive: The fastest-growing segment due to the increased integration of ICs in fuel injection, collision avoidance, and tracking and navigation systems.
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Medical: Advances in computer-assisted surgery and various medical analytical tools have made co-fired ceramics an integral part of the segment.
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Consumer Electronics: ICs with co-fired ceramics are used in the manufacturing of all consumer electronics. The wireless devices market is expected to grow at a markedly high rate solely due to the utilization of CFCs in manufacturing.
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Others: Co-fired ceramics find application in the manufacturing of ICs for the automation of manufacturing complexes.
By Region
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North America
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Europe
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Asia-Pacific
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Middle East & Africa
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Latin America
Regional Analysis
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North America: Traditionally a technologically proficient region. However, competitive pricing in other regions ensures the manufacturing of co-fired ceramics is gradually shifting from North America to more cost-effective regions.
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Europe: Striking a balance between innovation and production, the European market is neither the largest nor the fastest-growing but is self-sufficient, not depending on import or export of co-fired ceramics.
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Asia-Pacific: The largest market with the highest projected growth rate due to the presence of innovation hubs such as Japan and low-cost manufacturing hubs such as China, India, and South Korea.
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Middle East & Africa: An emerging market with a focus on design and manufacture of co-fired ceramics in Israel and high demand in countries such as Saudi Arabia.
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Latin America: A very new market, offering a low-cost manufacturing alternative to the North American market, but with limited innovation potential.
Key Players
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DuPont (US)
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Kyocera Corporation (Japan)
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TDK Corporation (Japan)
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KOA Corporation (Japan)
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HitachiMetals, Ltd (Japan)
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CeramTec (Germany)
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Yokowo Co., Ltd (Japan)
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Murata Manufacturing Co., Ltd (Japan)
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NGK Spark Plug Co. Ltd (Japan)
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Micro Systems Technologies (Switzerland)
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Murawa Co. Ltd (Japan)
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Nikko Company (Japan)
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IMST GmbH (Germany)
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API Technologies (UK)
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Selmic Oy (Finland)
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