Thick Film Ceramic Substrates Market Size: Surging Demand to Drive USD 12.3 Billion in Revenue by 2030, Expand with 4% CAGR

Washington, DC, July 13, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Thick Film Ceramic Substrates Market By Type (Single-Layer And Multi-Layer), By Application (Thick Film Circuits, LED, Power Device Substrates, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Thick Film Ceramic Substrates Market size & share in terms of revenue was valued at USD 9.5 billion in 2022 and it is expected to surpass around USD 12.3 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4% during the forecast period 2023 to 2030.”

What exactly is meant by the term "Thick Film Ceramic Substrates"? How big of an industry is the production of thick film ceramic substrates?

The term "thick film ceramic substrates" refers to ceramic substrates that have been processed using thick film technology. "Thick film" refers to the thickness of the conductor layer that is present on the ceramic substrate. Typically, the thickness is at least over 10 microns (um), about 10-100um, which is thicker than thin film ceramic substrate ejection technology. However, the thickness is thinner than DCB ceramic board or FR4 board.

Thick Film Ceramic Substrates Report Coverage & Overview:

Electronic circuit boards that are built of ceramics might be referred to as thick film ceramic substrates. According to the manufacturer, the ADR-96R thick film ceramic substrates are designed to minimise the as-fired resistance fluctuations while simultaneously maximising the aged adhesion values. This type of substrate is suitable for circuitry with a tiny shape and a high resistance value. A wide variety of uses can be found for thick film ceramic substrates, including edge finishing, material selection, tolerancing, inspection, as well as laser machines and scribing.

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Global Thick Film Ceramic Substrates Market: Growth Dynamics

The widespread use of products across the consumer electronics and automotive industries will drive upward trends in the international market.

The expansion of the global market for thick film ceramic substrates will be driven, in large part, by the escalating demand for electronic products as well as the miniaturization of electronic components. The global market will be prompted into action as a result of the widespread application of these chemical goods in regulators, filters, amplifiers, resistor networks, oscillators, LEDs, and sensors. It is anticipated that in the years to come, the global market would experience growth as a result of the use of thick film technologies in the manufacturing of microelectronic circuits. The size of the global market is expected to increase as a result of the widespread usage of thick-film materials in the construction of heaters. In the future years, the expansion of the global market will be prompted by a surge in the acceptance of electric vehicles as well as an increasing penetration of thin-film technology in various smartphones and other consumer electronics goods.

The enormous demand for improved medical technology is going to accentuate the current trends in the global industry. In addition to this, thick film ceramic substrates find widespread use in the electronics industry due to the efficient thermal conduction, dependability, and outstanding electric properties that they possess. They also have a significant role to play in the routing of signals and the design of complex circuits. The expansion of the global market will be enhanced as a result of all of the aforementioned factors. High-powered precision chip resistors on AIN thick film ceramic substrates were first made available by TT Electronics Plc, a leading global maker of electronic components, in September 2022. This action will contribute to the continued growth of the market internationally.

The usage of thick film ceramic substrates is used in many different electronic applications, such as in the automobile industry, the telecommunications industry, the consumer electronics industry, and medical device manufacturing.

The expansion of the market for thick film ceramic substrates is affected by a number of factors, including:

Increasing Demand for Electronics: The need for thick film ceramic substrates is being driven by the expanding market for electronic devices such as smartphones, tablets, wearables, and other Internet of Things (IoT) devices. Integrated circuits, sensors, resistors, capacitors, and other types of electronic components can all be manufactured using these substrates.

Advancements in Technology: The improvement in functionality as well as the reduction in size of electronic components is frequently a prerequisite for technological progress in the electronics sector. As a result of their advantageous properties, which include high thermal conductivity, superior electrical insulation, and good mechanical stability, thick film ceramic substrates are appropriate for use in sophisticated electronic applications.

Automotive Industry Growth: Due to the fact that they are utilised in electronic control units (ECUs), power modules, sensors, and various other automotive components, thick film ceramic substrates are an important consumer good in the automobile sector. It is anticipated that there will be a greater need for thick film ceramic substrates as the automotive industry continues to adapt to new technologies, such as the expanding use of electric vehicles and driverless vehicles.

Medical Electronics: The diagnostic instruments all the way up to the implanted devices are examples of the wide variety of electronic gadgets and equipment that are utilised in the healthcare industry. Applications for thick film ceramic substrates can be found in the field of medical electronics thanks to their biocompatibility, excellent reliability, and capacity to tolerate demanding working conditions. It is anticipated that expansions in the healthcare sector will help to the expansion of the market for thick film ceramic substrates.

Asia Pacific Market Expansion: Manufacturing of electronic goods has seen tremendous growth in the Asia Pacific region, particularly in China, Japan, and South Korea in recent years. It is anticipated that the need for thick film ceramic substrates will be driven by the expanding manufacture of electronic devices in this region, as well as by favourable government initiatives and investments in the electronics industry.

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Report Scope

Thick Film Ceramic Substrates Market: Segmentation Analysis

The thick film ceramic substrates market may be broken down into three different categories: the type, the application, and the region.

In type terms, The single-layer segment and the multi-layer segment are both included in the overall single-layer segment of the global market for thick film ceramic substrates. In addition to this, it is anticipated that the single-layer segment, which accounted for more than two-thirds of the global market share in 2022, will show the highest CAGR during the period of time covered by the forecast. The segmental expansion in the period of the forecast may be a result of its very straightforward construction and straightforward circuitry. In addition to this, single-layer is produced by utilising resistive ink on ceramic substrates, and this has resulted in an increase in demand for single-layer thick film ceramic substrates.

On the basis of application, The market for thick film ceramic substrates is segmented all over the world into numerous subindustries, such as thick film circuits, LED, power device substrates, and others. In addition, it is projected that the LED segment, which had accumulated a significant portion of the worldwide industry in 2022, will lead the expansion of its respective category in the years to come. The application of thick film ceramic substrates on a large scale as LED chip carriers is a potential factor that could influence the segmental expansion anticipated for the timeline. In addition to this, the ability of the product to increase LED performance, as well as the durability and high thermal conductivity characteristics of thermal film ceramic substrates, will all contribute to the surge in the market share of this particular sector in the years to come.

The global Thick Film Ceramic Substrates market is segmented as follows:

By Type

• Single-Layer
•  Multi-Layer

By Application

• Thick Film Circuits
• LED
• Power Device Substrates
• Others

Browse the full “Thick Film Ceramic Substrates Market By Type (Single-Layer And Multi-Layer), By Application (Thick Film Circuits, LED, Power Device Substrates, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/thick-film-ceramic-substrates-market

Competitive Landscape

Some of the main competitors dominating the global Thick Film Ceramic Substrates market include - 

• Maruwa
• Tong Hsing
• Micro Systems Engineering GmbH
• Kyocera Corporation
• Noritake
• Maruwa Co. Ltd.
• Murata Manufacturing Co. Ltd.
• Best Technology
• NGK SPARK PLUG CO. LTD
• Kyocera
• Leatec Fine Ceramics
• KERAFOL Keramische Folien GmbH
• Holy Stone
• Nikko
• CoorsTek
• NCI
• Miyoshi Electronics
• NEO Tech
• Anaren
• Micro-Precision Technologies
• Remtec
• ELCERAM
• Mitsuboshi Belting

 Key Insights from Primary Research:

• As per the analysis shared by our research analyst, the global thick film ceramic substrates market is projected to expand annually at the annual growth rate of around 4% over the forecast timespan (2023-2030)
• In terms of revenue, the global thick film ceramic substrates market size was evaluated at nearly $9.5 billion in 2022 and is expected to reach $12.3 billion by 2030.
• The global thick film ceramic substrate market is anticipated to record massive growth over the forecast period owing to escalating demand for electronic products as well as the miniaturization of electronic components.
• In terms of type, the single-layer segment is slated to register the fastest CAGR over the forecast period.
• On the basis of application, the LED segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the Asia-Pacific thick film ceramic substrates market is projected to register the highest CAGR during the assessment period.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Thick Film Ceramic Substrates industry?
• What are the main driving factors propelling the Thick Film Ceramic Substrates Market forward?
• What are the leading companies in the Thick Film Ceramic Substrates Industry?
• What segments does the Thick Film Ceramic Substrates Market cover?
• How can I receive a free copy of the Thick Film Ceramic Substrates Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By Application, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

Over the course of the next several years, the North American market for thick film ceramic substrates is expected to acquire a commanding position in the international market.

It is expected that North America, which accounted for more than half of the revenue generated by the global market for thick film ceramic substrates in 2022, will experience a significant increase throughout the course of the forecasted timeframe. It is possible that the presence of significant market participants in countries such as the United States and Canada will drive the expansion of the market in North America during the period 2023-2030. In addition to this, the subcontinent is home to a sizable number of end-use industries, which plays a significant role in driving expansion of the market in this region.

In addition, it is expected that the industry for thick film ceramic substrates in the Asia-Pacific region would record the highest CAGR throughout the course of the evaluation period. The increasing demand for thick film ceramic substrates in the electronics and automotive sectors in countries like India, Japan, China, Taiwan, Singapore, Thailand, South Korea, and Malaysia is one of the reasons that is expected to favourably drive the expansion of the regional industry. Aside from this, the size of the regional market will increase over the next few years as a result of widespread adoption of new technologies and product application in consumer electronics items and electric cars in the subcontinent.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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