PbO–B2O3–SiO2 glass powders were directly prepared using spray pyrolysis. The powders were spherical and fine-sized. One glass particle was obtained from one droplet by melting the precursors inside a hot wall tubular reactor. The characteristics of these powders were compared with those of the commercial product, which was prepared using the conventional melting process. The spherical powders, which were prepared using spray pyrolysis at 1000°C, had broad peaks at around 28° in the XRD spectrum. The glass phase was formed during the spray pyrolysis process even within a short residence time of the powders inside the hot wall tubular reactor. The mean size of the prepared glass powders was 1μm. The dielectric layers formed from the spherical, fine-sized glass powders had a high transparency at firing temperatures above 520°C. The maximum transparency of the dielectric layer formed from the glass powders obtained from spray pyrolysis was 95.3% at the firing temperature of 560°C. The dielectric layer formed from the spherical, fine-sized glass powders had a smooth surface and no void inside the dielectric layer.