LTCC Components

LTCC Components Market Outlook

The global LTCC (Low-Temperature Co-fired Ceramic) components market is projected to reach approximately USD 10 billion by 2033, with a compound annual growth rate (CAGR) of around 7.5% during the forecast period from 2025 to 2033. This growth can be attributed to the increasing demand for miniaturized electronic devices, which require reliable and efficient substrate materials. Additionally, the rising need for advanced telecommunications infrastructure, particularly with the rollout of 5G technologies, has significantly contributed to the expansion of the LTCC components market. Other important factors driving this growth include advancements in automotive electronics and an increase in investments in aerospace and defense applications, where high-performance materials are critical for success. The versatility of LTCC materials also enables their use in a wide range of applications, further bolstering market expansion.

Growth Factor of the Market

The LTCC components market is experiencing substantial growth due to various factors influencing its demand. One major growth driver is the continuous evolution of consumer electronics, where manufacturers seek materials that offer high performance while being compact in size. As the trend of miniaturization gains momentum, LTCC technology emerges as a viable solution, offering the ability to integrate multiple functionalities into a single substrate, thereby reducing the overall footprint of devices. Moreover, the automotive sector's shift towards electric vehicles and advanced driver-assistance systems (ADAS) is fostering the adoption of LTCC components, as these applications require reliable and efficient thermal management. Additionally, the aerospace and defense sectors emphasize the need for materials that can withstand harsh environmental conditions, making LTCC components an ideal choice. The ongoing research and development efforts are also aimed at enhancing the properties of LTCC materials, further driving their market presence.

Key Highlights of the Market

• The LTCC components market is expected to grow at a CAGR of 7.5% from 2025 to 2033.
• Increasing demand for miniaturized and high-performance electronic devices is a primary growth driver.
• The automotive sector is shifting towards electric vehicles and ADAS, benefiting LTCC technology.
• Advancements in telecommunications, particularly with 5G deployment, are fostering market expansion.
• Research and development in LTCC materials are enhancing their properties, providing new applications.

By Product Type

LTCC Substrates:

LTCC substrates form the backbone of various electronic components due to their exceptional dielectric properties, thermal stability, and compatibility with a range of materials. These substrates are primarily utilized in high-frequency electronic applications, including RF circuits and microwave components. The demand for LTCC substrates is particularly pronounced in the telecommunications industry, where they enable the production of compact and efficient devices. Additionally, the automotive and aerospace sectors are increasingly adopting LTCC substrates for their ability to withstand extreme environments, thus ensuring reliability and performance in critical applications. The ongoing trend of miniaturization in electronics is expected to further enhance the demand for LTCC substrates, as manufacturers seek solutions that facilitate the integration of multiple functionalities in a confined space.

LTCC Ceramics:

LTCC ceramics are vital components that possess unique properties, such as low firing temperature and excellent dielectric characteristics. These ceramics are essential for manufacturing a wide range of electronic components, including capacitors, inductors, and resistors. The increasing adoption of wireless communication technologies has significantly boosted the demand for LTCC ceramics, as these materials offer optimal performance in high-frequency applications. Moreover, LTCC ceramics are increasingly being utilized in sensor technologies, particularly in the automotive and healthcare sectors, where reliability and precision are paramount. As advancements in ceramic processing techniques continue, the market for LTCC ceramics is expected to exhibit steady growth, propelled by ongoing innovations and the need for enhanced performance in electronic devices.

LTCC Filters:

LTCC filters are crucial components in modern electronic systems, designed to separate desired signals from undesired noise. These filters are widely utilized in communication devices, automotive applications, and consumer electronics. The growing demand for high-frequency and high-performance filtering solutions has propelled the market for LTCC filters, especially in the context of 5G technology and advanced wireless communication systems. LTCC filters offer several advantages, including compact size, reduced insertion loss, and the ability to integrate multiple filtering functions into a single package. As the demand for more sophisticated communication systems increases, the market for LTCC filters is anticipated to grow significantly in the coming years, driven by innovations and advancements in filter design.

LTCC Sensors:

LTCC sensors are gaining traction in various industries due to their excellent thermal and electrical characteristics. These sensors are widely used in automotive applications, where they monitor critical parameters such as temperature and pressure. The healthcare sector is also recognizing the potential of LTCC sensors for medical devices, where reliability and accuracy are essential. The ability to integrate LTCC sensors with other electronic components on a single substrate offers significant advantages in terms of space-saving and performance enhancement. As industries continue to invest in smart technologies and automation, the demand for LTCC sensors is projected to rise, supported by the need for advanced monitoring and control systems.

LTCC Antennas:

LTCC antennas are integral to a variety of wireless communication devices, enabling efficient transmission and reception of signals. These antennas are characterized by their compact size and ability to operate at high frequencies, making them ideal for applications in telecommunications and consumer electronics. With the advent of 5G technology, the demand for LTCC antennas has surged, as they provide the necessary performance and efficiency to support high-speed data transfer. Furthermore, the automotive industry is increasingly incorporating LTCC antennas in vehicles for enhanced connectivity and navigation features. As the trend towards wireless communication continues, the LTCC antenna market is poised for substantial growth, driven by ongoing advancements in design and integration capabilities.

By Application

Consumer Electronics:

The consumer electronics sector is a significant driver of the LTCC components market, with applications spanning smartphones, tablets, and wearables. As consumers demand more compact and feature-rich devices, manufacturers are increasingly turning to LTCC technology to meet these requirements. LTCC components enable the integration of multiple functionalities into a smaller footprint, offering enhanced performance and reliability. Additionally, the need for high-frequency communication in devices has led to a surge in the adoption of LTCC substrates, filters, and antennas. The trend towards smart home devices and IoT applications is also fostering the growth of this segment, as LTCC components provide the necessary capabilities to support advanced connectivity and functionality.

Automotive:

The automotive industry is witnessing a paradigm shift towards advanced technologies, including electric vehicles (EVs) and autonomous driving systems. This shift is driving the demand for LTCC components, which are essential in various automotive applications such as sensors, communication systems, and power electronics. LTCC technology offers the reliability and performance required for critical automotive functions, ensuring safety and efficiency. Moreover, the increasing integration of smart technologies in vehicles is propelling the use of LTCC components, as manufacturers seek solutions that enhance connectivity and functionality. As the automotive market continues to evolve, the LTCC segment is expected to experience robust growth, driven by the ongoing advancements in automotive technologies.

Aerospace & Defense:

The aerospace and defense sectors demand high-performance materials that can withstand extreme conditions and deliver consistent results. LTCC components play a vital role in these industries, as they are used in a variety of applications, including radar systems, satellite communications, and missile guidance systems. The ability of LTCC materials to maintain their properties in harsh environments makes them ideal for aerospace applications. Furthermore, the growing focus on modernization and technological advancement within the defense industry is driving the adoption of LTCC components. As investments in aerospace and defense projects increase, the LTCC market is set to benefit significantly from this trend, as manufacturers seek reliable and efficient solutions for complex systems.

Healthcare:

The healthcare sector is increasingly recognizing the potential of LTCC components for various medical applications, including diagnostic devices, monitoring systems, and therapeutic equipment. LTCC technology enables the production of compact and precise components, which are essential for the miniaturization of medical devices. Additionally, the reliability and performance of LTCC materials are critical for applications that demand high accuracy and consistency. As the healthcare industry continues to advance towards innovative technologies and connected devices, the demand for LTCC components is expected to grow significantly. Ongoing research and development efforts are also focused on enhancing the properties of LTCC materials, further expanding their applications in the medical field.

Telecom:

The telecommunications industry is undergoing a transformation with the rollout of 5G technology, which requires advanced materials to support high-frequency communication and connectivity. LTCC components are well-suited to meet these demands, as they offer exceptional performance and efficiency in radio frequency (RF) applications. The increasing need for reliable and efficient communication infrastructure is driving the growth of the LTCC market in this sector. Additionally, the expanding demand for wireless communication devices and systems is further propelling the adoption of LTCC technology. As investments in telecommunications infrastructure continue to rise, the LTCC components market is expected to experience significant growth, driven by the need for high-performance solutions in an evolving landscape.

By Distribution Channel

Direct Sales:

Direct sales are a prominent distribution channel in the LTCC components market, allowing manufacturers to build strong relationships with their customers by offering tailored solutions and personalized service. This channel enables companies to provide dedicated support and technical expertise, which is crucial for industries that require specialized components like LTCC materials. Manufacturers often leverage direct sales to ensure effective communication regarding product specifications and applications, thereby enhancing customer satisfaction and loyalty. Furthermore, direct sales allow for better inventory management and reduced lead times, which can be beneficial in industries where timely delivery is essential for maintaining production schedules. As the demand for customized solutions continues to rise, the direct sales channel is expected to remain a key component of the LTCC components market.

Distributors:

Distributors play a crucial role in the LTCC components market by bridging the gap between manufacturers and end-users. They provide a wide range of LTCC products, catering to various industries and applications. Distributors are equipped to offer valuable insights into product performance and suitability, helping customers make informed purchasing decisions. This channel is particularly advantageous for small and medium enterprises that may lack the resources to engage directly with manufacturers. Distributors also facilitate efficient logistics and inventory management, ensuring timely availability of LTCC components across different regions. As the demand for LTCC products continues to grow, the role of distributors will be increasingly pivotal in meeting customer needs and expanding market reach.

Online Retail:

Online retail has emerged as a significant distribution channel for the LTCC components market, driven by the increasing trend of digitalization in procurement processes. This channel allows customers to conveniently browse and purchase LTCC components from various manufacturers and suppliers, providing access to a broader range of products and competitive pricing. Online platforms often feature detailed product descriptions, specifications, and customer reviews, enabling informed purchasing decisions. Additionally, online retail helps streamline the supply chain, reducing lead times and enhancing customer satisfaction. As more businesses embrace e-commerce and digital solutions, the online retail channel is expected to continue growing in prominence within the LTCC components market, making it easier for customers to access high-quality products.

By Ingredient Type

Alumina:

Alumina is a widely used ingredient in the formulation of LTCC materials, known for its excellent dielectric properties and mechanical strength. It serves as a primary component in the manufacturing of LTCC substrates and ceramics, providing the necessary characteristics for high-frequency applications. The demand for alumina-based LTCC components is driven by its versatility, making it suitable for various industries, including automotive, telecommunications, and consumer electronics. As the market continues to evolve, the use of alumina in LTCC formulations is expected to grow, supported by ongoing research focused on enhancing its properties and expanding its applications.

Silica:

Silica is another important ingredient in the production of LTCC materials, contributing to their thermal stability and electrical performance. It is used in the formulation of LTCC ceramics, providing a balance between dielectric characteristics and thermal resistance. The growing demand for high-performance LTCC components in various applications, particularly in telecommunications and automotive sectors, is boosting the use of silica as a key ingredient. As manufacturers strive to develop innovative LTCC materials that meet the evolving needs of the market, silica's role in enhancing the performance of these components is expected to be increasingly significant.

Glass:

Glass is utilized in the formulation of LTCC materials to enhance their thermal and chemical properties, making it a valuable ingredient in the production of high-performance ceramics. The incorporation of glass in LTCC formulations allows for improved sintering behavior and helps achieve a lower firing temperature, which is essential for preserving delicate electronic components during the manufacturing process. As industries continue to push for miniaturization and increased functionality in electronic devices, the demand for glass-based LTCC components is anticipated to grow. Innovations in glass formulations are also expected to contribute to the expansion of this segment, providing new opportunities for application in various sectors.

Others:

Other ingredient types utilized in the production of LTCC components include various metal oxides and additives that enhance specific properties of the materials. These ingredients are often incorporated to improve dielectric performance, thermal stability, or mechanical strength, allowing for greater customization based on application requirements. As manufacturers seek to develop more specialized and high-performance LTCC products, the inclusion of alternative ingredient types is expected to gain traction. Ongoing research and development efforts in material science are likely to uncover new combinations of ingredients that can further enhance the properties and capabilities of LTCC components, expanding their applicability across multiple industries.

By Region

The global LTCC components market showcases varying dynamics across different regions, driven by distinct industry needs and technological advancements. North America currently holds a significant share of the LTCC components market, primarily due to the strong presence of advanced manufacturing industries and a robust telecommunications infrastructure. The region is expected to witness a CAGR of 6.5% during the forecast period as companies continue to invest in research and development, focusing on innovative applications of LTCC technology in consumer electronics and automotive sectors. Additionally, the demand for high-performance materials in aerospace and defense applications is further bolstering the growth of the LTCC components market in North America.

In contrast, the Asia Pacific region is anticipated to register the highest growth rate in the LTCC components market, driven by rapid industrialization and a growing consumer electronics market. With countries like China, Japan, and South Korea leading the charge in electronic manufacturing, the demand for LTCC components is expected to surge. The region's CAGR is projected to reach 8.5% during the forecast period, as manufacturers increasingly adopt LTCC technology for various applications, including telecommunications, automotive, and healthcare. Furthermore, the rise of smart technologies and IoT devices in the Asia Pacific region is poised to create new opportunities for LTCC components, further fueling market growth.

Opportunities

The LTCC components market presents numerous opportunities for growth, particularly as industries evolve towards advanced technologies and applications. One key opportunity lies in the development of next-generation communication systems, particularly with the ongoing rollout of 5G technology. The demand for high-frequency and high-performance components is expected to increase significantly, creating a favorable environment for LTCC manufacturers to capitalize on their product offerings. Additionally, as electric vehicles gain traction, the automotive sector's need for reliable and compact electronic components provides a substantial opportunity for LTCC technology. Manufacturers that can innovate and adapt their products to meet the demands of these emerging markets stand to benefit significantly from the growth potential in the LTCC components space.

Another promising opportunity for the LTCC components market lies in the expansion of IoT applications across various industries. As IoT devices become more prevalent, the requirement for compact, reliable, and efficient components will rise, driving demand for LTCC technology. Manufacturers can leverage advancements in LTCC materials to create specialized solutions that cater to the unique needs of IoT applications, such as low-power consumption and enhanced connectivity. Furthermore, ongoing research in materials science may lead to novel LTCC formulations that offer improved performance characteristics, opening new avenues for application in sectors such as healthcare, smart cities, and smart manufacturing. As these opportunities materialize, the LTCC components market is poised for significant growth in the coming years.

Threats

Despite the promising growth prospects in the LTCC components market, several threats could hinder market expansion. One major challenge is the increasing competition from alternative materials and technologies that may offer similar or superior performance at a lower cost. For example, advancements in organic substrates and other ceramic materials could potentially displace LTCC components in certain applications, particularly in consumer electronics and telecommunications. As manufacturers weigh the benefits and costs of different materials, the market share of LTCC components could be adversely affected if they fail to demonstrate clear advantages over competing technologies. Additionally, fluctuations in raw material prices may pose a threat to profit margins, making it essential for LTCC manufacturers to adopt effective cost management strategies to remain competitive in the market.

Another significant threat facing the LTCC components market is the potential for regulatory challenges and environmental concerns related to the manufacturing processes and materials used. As industries increasingly prioritize sustainability and eco-friendly practices, manufacturers may be pressured to adapt their processes to meet stricter regulations and consumer expectations. Failure to comply with these evolving standards could result in reputational damage, loss of market share, and increased operational costs. Consequently, LTCC manufacturers must remain vigilant and proactive in addressing environmental considerations while continuing to innovate and improve their products to mitigate these threats effectively.

Competitor Outlook

• Murata Manufacturing Co., Ltd.
• Kyocera Corporation
• TE Connectivity Ltd.
• Samwha Capacitor Group
• Vishay Intertechnology, Inc.
• AVX Corporation
• Rogers Corporation
• NGK Insulators, Ltd.
• Sinotech Holdings Group
• Taiyo Yuden Co., Ltd.
• CoorsTek, Inc.
• Western Digital Corporation
• Panasonic Corporation
• Samsung Electro-Mechanics Co., Ltd.
• STMicroelectronics N.V.

The competitive landscape of the LTCC components market is characterized by the presence of several key players, each vying for market share through innovation, strategic partnerships, and expansion initiatives. Major companies such as Murata Manufacturing Co., Ltd. and Kyocera Corporation are at the forefront of the LTCC technology space, consistently investing in research and development to enhance their product offerings. Their extensive portfolios, which include a wide range of LTCC components, position them well to capitalize on the growing demand across various applications. Additionally, these companies are known for their strong customer relationships and commitment to quality, which further solidifies their competitive edge in the market.

TE Connectivity Ltd. and AVX Corporation are also significant players in the LTCC components market, focusing on the development of innovative solutions that cater to the evolving needs of industries such as telecommunications, automotive, and consumer electronics. These companies leverage their expertise in materials science and engineering to create high-performance products that meet stringent industry standards. Their emphasis on sustainability and eco-friendly practices enhances their appeal to environmentally conscious customers, providing them with a competitive advantage in the marketplace. Furthermore, strategic collaborations with other industry leaders have allowed these companies to expand their reach and enhance their product offerings.

In addition to the aforementioned companies, organizations like Rogers Corporation and NGK Insulators, Ltd. are making notable contributions to the LTCC components market, particularly in the aerospace and defense sectors. Their specialized products and focus on high-performance applications enable them to cater to niche markets that require reliable and efficient materials. As the demand for advanced technologies continues to rise, these companies are well-positioned to capture opportunities in the growing LTCC components market. Additionally, the continuous development of new materials and technologies will likely drive further competition among these key players, ensuring a dynamic and evolving market landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 CoorsTek, Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 AVX Corporation
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Rogers Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Kyocera Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 NGK Insulators, Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 TE Connectivity Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Panasonic Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Taiyo Yuden Co., Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Samwha Capacitor Group
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 STMicroelectronics N.V.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Sinotech Holdings Group
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Western Digital Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Vishay Intertechnology, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Murata Manufacturing Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Samsung Electro-Mechanics Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 LTCC Components Market, By Application
    • 6.1.1 Consumer Electronics
    • 6.1.2 Automotive
    • 6.1.3 Aerospace & Defense
    • 6.1.4 Healthcare
    • 6.1.5 Telecom
  • 6.2 LTCC Components Market, By Ingredient Type
    • 6.2.1 Alumina
    • 6.2.2 Silica
    • 6.2.3 Glass
    • 6.2.4 Others
  • 6.3 LTCC Components Market, By Distribution Channel
    • 6.3.1 Direct Sales
    • 6.3.2 Distributors
    • 6.3.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 LTCC Components Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global LTCC Components market is categorized based on

By Application

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Telecom

By Distribution Channel

• Direct Sales
• Distributors
• Online Retail

By Ingredient Type

• Alumina
• Silica
• Glass
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Murata Manufacturing Co., Ltd.
• Kyocera Corporation
• TE Connectivity Ltd.
• Samwha Capacitor Group
• Vishay Intertechnology, Inc.
• AVX Corporation
• Rogers Corporation
• NGK Insulators, Ltd.
• Sinotech Holdings Group
• Taiyo Yuden Co., Ltd.
• CoorsTek, Inc.
• Western Digital Corporation
• Panasonic Corporation
• Samsung Electro-Mechanics Co., Ltd.
• STMicroelectronics N.V.