LTCC Market Overview
LTCC market size is forecast to reach US$392.6 million by 2027, after growing at a CAGR of 7.8% during 2022-2027. Low temperature co-fired ceramics (LTCC) is a multilayer glass-ceramic substrate that is co-fired with low resistance metal conductors at low firing temperature known as the sintering temperature. It is sometimes referred to as glass-ceramics because it's composition consists of glass and aluminium oxide. LTCC process has special advantages and properties over other processes, like increased functionality, excellent stability, low loss of electrical signals, high component density, and reliability. The increasing usage of LTCC for semiconductor device fabrication and micro-electromechanical systems production is a major factor driving the LTCC market. Furthermore, the flourishing aerospace and defense industry coupled with the expanding automotive industry is another factor bolstering the market growth during the forecast period.
LTCC Market COVID-19 Impact
Due to the COVID-19 pandemic, the core end-use industries such as aerospace, automotive, electrical and electronics industries were highly impacted. Due to social distancing policy, various government orders, and restrictions imposed, most of the manufacturing plants of aircraft and automobiles were shut down, which declined the regular production of commercial aircraft and vehicles. For instance, according to the Welsh Government services and information, global demand for the production of short-haul sized aircraft is likely to drop by 15% and by 30 - 65% for long haul sized craft, by the end of 2025 due to the impact of covid-19 pandemic. But now, the market for aircraft and automobiles is gradually recovering. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), there has been a global production of 57,262,777 vehicles in 2021, which shows a small surge compared to the year 2020, where there was a production of 52,146,292, after it suffered a fall from 67,485,823 in 2019, showing a decline due to covid impact. Also, due to supply chain disruptions like delay in reaching of raw materials or non-arrival, disrupted financial flows, and rising absenteeism among production line staff and employees, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption for LTCC in 2020.
Report Coverage
The report: “LTCC Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the LTCC Industry.
Key Takeaways
- Asia-pacific is the largest consumer of LTCC globally in terms of value and volume, owing to the increasing consumption in applications of various end-use industries like aerospace and defense, automotive, and transportation.
- It is expected that the increasing adoption of LTCC in lightweight automobile components, and demand for low weight and high-strength materials in aircraft production would open up new market growth opportunities during the forecast period.
- The low temperature co-fired ceramics are mainly used in high temperature and severe stress applications like gas turbine engines.
- Glass-ceramic material holds the largest share, in terms of both value and volume of the global LTCC market
- There is increasing penetration of LTCC technology in microwave and millimeter-wave frequency band in areas including Bluetooth module, front-end module of mobile phones, and WLAN, which is acting as a new driver to the market.
Figure: Asia-Pacific LTCC Market Revenue, 2021-2027 (US$ Billion)
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LTCC Market Segment Analysis – By Subclasses
The glass-ceramics segment held the largest share of 6.3% in the LTCC market in 2021. Glass-ceramic LTCCs are an attractive solution for the packaging of microelectronic devices. Some unique properties of glass-ceramics include lower expansion coefficient, high reliability, higher operating temperature, excellent thermal properties, and integration density, which makes it better than other subclasses and is widely used. It finds application in engine management systems, antilock brake systems, engine control units, transmission control units, entertainment & navigation systems, pressure control modules, electronic power steering, radar modules, various kinds of sensor modules, and many more in vehicles. The main advantage of glass-ceramic LTCC is that, it offers superior performance in advanced automotive sensing and hence, it is widely used in automotive electronics owing to the shifting transition from hardware to software-defined vehicles. Owing to such favorable factors of glass ceramics, it is projected to dominate the LTCC market during the forecast period.
LTCC Market Segment Analysis – By End-Use Industry
The automotive segment held the largest share of 8.9% in the LTCC market in 2021. LTCC is used in automotive electronics such as microcontrollers, actuators, processors, and sensors, for a safer and enhanced driving experience. The expectations of consumer towards the safety of vehicles, the adoption of telematics, and government-defined safety norms are some major factors stabilizing the need for automotive electronics. LTCC technology has rapidly penetrated into applications of microwave and millimeter-wave frequency bands in areas including bluetooth modules, front-end modules of mobile phones, and WLAN. The constantly growing automotive industry will hugely contribute to the LTCC market. Between March and May 2020, global automotive sales contracted by around 15% globally. But within a few months, the market recovered by 5% showing a positive sign of growth. Thus, with increasing automation production, there will be more demand for automotive components, which will act as a driver for the LTCC market during the forecast period.
LTCC Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the LTCC market in 2021 up to 39%, owing to the increasing demand from the automotive industry. Asia-Pacific’s growing automotive industry in emerging economies like China, Japan, and India, is a key factor for the LTCC market to expand steadily in the coming years, which is followed by other major regions like North America, and South America. China is the world's largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects automobile manufacturing to reach 35 million by 2025. According to OICA, Asia remains by far the world’s largest producing region, with a 57% share of global production. According to Invest India, the Indian automotive industry which was worth US$118 Billion in 2020, is expected to reach US$300 billion by 2026. Furthermore, the production and adoption of electric vehicles are anticipated to increase in Asia-Pacific. For instance, according to Invest India, Between 2020 and 2027, the Indian EV market is expected to grow at a CAGR of 44 percent, with annual sales reaching 6.34 million units by 2027. Hence, with Asia-Pacific having a high growth rate and major contributing countries for the automotive industry, the demand for LTCC in the region is expected to have a steady growth during the forecast period.
LTCC Market Drivers
Increasing Production of Electric Vehicles
LTCC is widely used in automotive electronics in the automotive industry, which has experienced a larger utilization in recent years, and their applications have been increasing with a tendency for further growth compared with other materials used in automobiles. LTCC is preferably used compared to other materials, due to their lightweight, affordability, easy manufacturing methods, and others in electric vehicles. Global automotive production mainly EVs is seeing an increase every year and recently more. According to the International Energy Agency (IEA), electric cars accounted for 2.6% of global car sales and about 1% of global car stock in 2019, which registered a 40% year-on-year increase, in spite of a pandemic. Proving the capacity of EVs and the automotive industry to consequently maintain market demand for LTCC as the automotive industry is rapidly shifting towards all-electric sensor-based vehicles.
Growing Demand for Ceramic Matrix
There has been a significant rise in the demand for ceramic composites in both developed and developing countries globally, and that is expected to drive market growth. These countries are trying to adopt fuel-efficient aircraft engines and vehicle modules that are ceramic matrix-based to help combat the rising demand and price for fuel. Apart from this, the ceramic matrix is employed in other engine parts like combustor liners, blades nozzles, and shrouds. The increased fuel efficiency leads to a reduction in the operational and overhead costs of the aircraft. The high economic process in these countries, alongside high urbanization, industrialization, and increased standards of living, also plays a really crucial role within the adoption of fuel-efficient cost-cutting machinery. Hence, such increasing demand for ceramic matrix globally will drive the LTCC market growth subsequently during the forecast period
LTCC Market Challenges
Some Drawbacks Associated with LTCC will Limit Down the Usage
LTCC has its own special features and properties compared to the ordinarily used materials, which makes them unique and much efficient for various applications. With that being the case, it is quite hard to find any internal cracks or breakdowns in the components where it is used. The main drawback with these LTCC is their brittleness, and it may lead to unpredictable catastrophic failure of the component if not well maintained or regularly checked. There is an absence and demand for highly skilled manpower, who particularly knows how to use efficient techniques for repair. Thus, increasing the issue of reparability. These LTCC have a longer life span; but however, the components cannot be recycled for use in the same application. Increasing the awareness regarding the LTCC and its repairing techniques and a growing number of trained and skilled persons can increase the life span of such components.
LTCC Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the LTCC market. LTCC top 10 companies include"
- Arkema S.A.
- BASF SE
- Hexcel Corporation
- Cytec Industries Inc.
- Koninklijke Ten Cate N.V.
- TPI Composites Inc.
- Toray Industries Inc.
- Mitsubishi Rayon Co. Ltd
- Teijin Limited.
- SGL Carbon SE
Relevant Reports
LIST OF TABLES
1.Global LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)1.1 LTCC Market 2019-2024 ($M) - Global Industry Research
1.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
1.2 HTCC Market 2019-2024 ($M) - Global Industry Research
1.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
2.Global LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
2.1 Glass-Ceramic Material Market 2019-2024 ($M) - Global Industry Research
2.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
2.2 Ceramic Material Market 2019-2024 ($M) - Global Industry Research
2.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
3.Global LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
3.1 Automotive Market 2019-2024 ($M) - Global Industry Research
3.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
3.2 Telecommunications Market 2019-2024 ($M) - Global Industry Research
3.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
3.3 Aerospace & Defense Market 2019-2024 ($M) - Global Industry Research
3.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
3.4 Medical Market 2019-2024 ($M) - Global Industry Research
3.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
4.Global LTCC Market and HTCC Market, By Process Type Market 2019-2024 (Volume/Units)
4.1 LTCC Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 (Volume/Units)
4.2 HTCC Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 (Volume/Units)
5.Global LTCC Market and HTCC Market, By Material Type Market 2019-2024 (Volume/Units)
5.1 Glass-Ceramic Material Market 2019-2024 (Volume/Units) - Global Industry Research
5.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 (Volume/Units)
5.2 Ceramic Material Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 (Volume/Units)
6.Global LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 (Volume/Units)
6.1 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
6.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 (Volume/Units)
6.2 Telecommunications Market 2019-2024 (Volume/Units) - Global Industry Research
6.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 (Volume/Units)
6.3 Aerospace & Defense Market 2019-2024 (Volume/Units) - Global Industry Research
6.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 (Volume/Units)
6.4 Medical Market 2019-2024 (Volume/Units) - Global Industry Research
6.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 (Volume/Units)
7.North America LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)
7.1 LTCC Market 2019-2024 ($M) - Regional Industry Research
7.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
7.2 HTCC Market 2019-2024 ($M) - Regional Industry Research
7.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
8.North America LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
8.1 Glass-Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
8.2 Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
8.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
9.North America LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
9.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
9.2 Telecommunications Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
9.3 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
9.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
9.4 Medical Market 2019-2024 ($M) - Regional Industry Research
9.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
10.South America LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)
10.1 LTCC Market 2019-2024 ($M) - Regional Industry Research
10.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
10.2 HTCC Market 2019-2024 ($M) - Regional Industry Research
10.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
11.South America LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
11.1 Glass-Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
11.2 Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
11.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
12.South America LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
12.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
12.2 Telecommunications Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
12.3 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
12.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
12.4 Medical Market 2019-2024 ($M) - Regional Industry Research
12.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
13.Europe LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)
13.1 LTCC Market 2019-2024 ($M) - Regional Industry Research
13.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
13.2 HTCC Market 2019-2024 ($M) - Regional Industry Research
13.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
14.Europe LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
14.1 Glass-Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
14.2 Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
14.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
15.Europe LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
15.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
15.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
15.2 Telecommunications Market 2019-2024 ($M) - Regional Industry Research
15.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
15.3 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
15.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
15.4 Medical Market 2019-2024 ($M) - Regional Industry Research
15.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
16.APAC LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)
16.1 LTCC Market 2019-2024 ($M) - Regional Industry Research
16.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
16.2 HTCC Market 2019-2024 ($M) - Regional Industry Research
16.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
17.APAC LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
17.1 Glass-Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
17.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
17.2 Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
17.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
18.APAC LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
18.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
18.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
18.2 Telecommunications Market 2019-2024 ($M) - Regional Industry Research
18.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
18.3 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
18.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
18.4 Medical Market 2019-2024 ($M) - Regional Industry Research
18.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
19.MENA LTCC Market and HTCC Market, By Process Type Market 2019-2024 ($M)
19.1 LTCC Market 2019-2024 ($M) - Regional Industry Research
19.1.1 LTCC is One of the Most Widely Used Co-Fired Ceramic Process Types Market 2019-2024 ($M)
19.2 HTCC Market 2019-2024 ($M) - Regional Industry Research
19.2.1 HTCC Components Can Withstand Higher Radio Frequencies Market 2019-2024 ($M)
20.MENA LTCC Market and HTCC Market, By Material Type Market 2019-2024 ($M)
20.1 Glass-Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
20.1.1 Low Cost and High Performance of Glass-Ceramic Material are Driving the Market Market 2019-2024 ($M)
20.2 Ceramic Material Market 2019-2024 ($M) - Regional Industry Research
20.2.1 High Performance in Extreme Temperature Increases the Demand for Ceramic Materials in the LTCC Market and HTCC Market Market 2019-2024 ($M)
21.MENA LTCC Market and HTCC Market, By End-Use Industry Market 2019-2024 ($M)
21.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
21.1.1 Ability to Sustain Harsh Environments is One of the Key Factors Enabling the Extensive Use of Co-Fired Ceramic in This Industry Market 2019-2024 ($M)
21.2 Telecommunications Market 2019-2024 ($M) - Regional Industry Research
21.2.1 Growing Wireless Applications are Driving the Market in the Telecommunications End-Use Industry Market 2019-2024 ($M)
21.3 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
21.3.1 High Strength Co-Fired Ceramic Materials are Used in the Aerospace & Defense Industry Market 2019-2024 ($M)
21.4 Medical Market 2019-2024 ($M) - Regional Industry Research
21.4.1 Co-Fired Ceramic is Used in Hearing Aids and Pacemakers Market 2019-2024 ($M)
LIST OF FIGURES
1.US LTCC Market Revenue, 2019-2024 ($M)2.Canada LTCC Market Revenue, 2019-2024 ($M)
3.Mexico LTCC Market Revenue, 2019-2024 ($M)
4.Brazil LTCC Market Revenue, 2019-2024 ($M)
5.Argentina LTCC Market Revenue, 2019-2024 ($M)
6.Peru LTCC Market Revenue, 2019-2024 ($M)
7.Colombia LTCC Market Revenue, 2019-2024 ($M)
8.Chile LTCC Market Revenue, 2019-2024 ($M)
9.Rest of South America LTCC Market Revenue, 2019-2024 ($M)
10.UK LTCC Market Revenue, 2019-2024 ($M)
11.Germany LTCC Market Revenue, 2019-2024 ($M)
12.France LTCC Market Revenue, 2019-2024 ($M)
13.Italy LTCC Market Revenue, 2019-2024 ($M)
14.Spain LTCC Market Revenue, 2019-2024 ($M)
15.Rest of Europe LTCC Market Revenue, 2019-2024 ($M)
16.China LTCC Market Revenue, 2019-2024 ($M)
17.India LTCC Market Revenue, 2019-2024 ($M)
18.Japan LTCC Market Revenue, 2019-2024 ($M)
19.South Korea LTCC Market Revenue, 2019-2024 ($M)
20.South Africa LTCC Market Revenue, 2019-2024 ($M)
21.North America LTCC By Application
22.South America LTCC By Application
23.Europe LTCC By Application
24.APAC LTCC By Application
25.MENA LTCC By Application
26.Kyocera Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.DowDuPont Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Murata Manufacturing Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.KOA Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Hitachi Metals, Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.TDK Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Yokowo Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NGK Spark Plug Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Maruwa Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Micro Systems Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Nikko Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)