China Ltcc And Htcc Market Size & Outlook, 2020-2028
China ltcc and htcc market, 2017-2028 (US$M)
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China ltcc and htcc market highlights
- The China ltcc and htcc market generated a revenue of USD 555.4 million in 2020 and is expected to reach USD 815.7 million by 2028.
- The China market is expected to grow at a CAGR of 4.9% from 2021 to 2028.
- In terms of segment, ltcc was the largest revenue generating product in 2020.
- LTCC is the most lucrative product segment registering the fastest growth during the forecast period.
Ltcc and htcc market data book summary
| Market revenue in 2020 | USD 555.4 million |
| Market revenue in 2028 | USD 815.7 million |
| Growth rate | 4.9% (CAGR from 2020 to 2028) |
| Largest segment | Ltcc |
| Fastest growing segment | LTCC |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LTCC, HTCC |
| Key market players worldwide | Hitachi Ltd, Kyocera Corp, Murata Manufacturing Co Ltd, TDK Corp, Niterra Co Ltd, Koa Corp, Yokowo, MARUWA CO., LTD. |
Other key industry trends
- In terms of revenue, China accounted for 18.9% of the global ltcc and htcc market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China ltcc and htcc market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 815.7 million by 2028.
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LTCC and HTCC Market Scope
LTCC and HTCC Market Companies
| Name | Profile | # Employees | HQ | Website |
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China ltcc and htcc market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ltcc and htcc market will help companies and investors design strategic landscapes.
Ltcc was the largest segment with a revenue share of 66.01% in 2020. Horizon Databook has segmented the China ltcc and htcc market based on ltcc, htcc covering the revenue growth of each sub-segment from 2017 to 2028.
With the advent of 5G technology, China is witnessing investments in its power electronics industry. This is expected to drive the growth of LTCC and HTCC market in the country. Big data and IoT applications are anticipated to benefit from the development of 5G technology.
These applications are driving the demand for power electronics, 5G small cells, LED luminaires, and wireless networks in China. The construction of a 5G base station is expected to fuel the demand for power electronics, thereby augmenting the demand for LTCC and HTCC products in the country.
In June 2020, Panasonic announced plans to enhance its production of 5G circuit board components in China owing to surged demand for them. The company is expected to invest a sum of USD 75 million (CNY 8 billion) for expanding its plant in Guangzhou. It is anticipated to increase the annual production capacity of Panasonic by 50%.
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Our clientele includes a mix of ltcc and htcc market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China ltcc and htcc market, including forecasts for subscribers. This country databook contains high-level insights into China ltcc and htcc market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China ltcc htcc market size, by product, 2017-2028 (US$M)
China LTCC and HTCC Market Share, 2020 & 2028 (US$M)
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