Market Research Future published a research report on “Multilayer Ceramic Capacitor Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The global multilayer ceramic capacitor market was valued at USD 5,624.2 million in 2018 and is slated to reach USD 8,067.2 million by the end of the forecast period at a CAGR of 6.38%.
Owing to increased demand for automotive parts, the introduction of 5 G and the rapid adoption of IoT, demand for multilayer ceramic capacitor has increased significantly in the last two years. High capacity MLCCs are in demand for IoT devices because they offer high reliability and long service life. The demand for high-performance electronics and electrical equipment is also increasing the need for high-end condensers. Multilayer Ceramic Capacitor has a number of advantages including wide capacity and voltage range, highly reliable performance, compactness and stable dependence on temperature. There are two types of multilayer ceramic capacitors: Class I and Class II. Class I ceramic condensers have superior stability and linear characteristics. However, Class II condensers perform better than Class I ceramic condensers, they do offer low precision. However, due to increased demand in automotive electronics and IoT applications, the availability of MLCCs has been shortage.
Smartphone manufacturers focus on optimizing user experience by improving battery efficiency which creates the need for ceramic capacitors with multiple layers. In addition, the growth of electric vehicles is expected to intensify demand for high-end multilayer ceramic capacitors due to increased government initiatives and the need for optimum power batteries. MLCCs are in high demand in medical electronics and industrial equipment, in addition to consumer and automotive electronics. MLCCs are used in high frequency applications in telecom networks, cellular base stations, GPS devices, and TV set-top boxes.
By type, the market has been bifurcated into Class I and Class II. The Class I segment has been sub-divided into U2J, C0G/ NP0, and others. The Class II segment has been divided into X5R, X7R, Z5U, Y5V, and others. C0G / NP0 contributed to the largest share of revenues under the Class I segment in 2018; its dominance is anticipated to continue throughout the forecast period.
Based on the application, the multilayer ceramic capacitor market has been segmented into consumer electronics, manufacturing, automotive, healthcare, and others. The consumer electronics segment led the multilayer ceramic capacitor market in 2018; due to the extensive use of multilayer ceramic condensers in consumer electronics, it is expected to contribute significant revenue share to the market during the review period.
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The major players in the multilayer ceramic capacitor market are Samsung Electro-Mechanics (South Korea), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), AVX Corporation (US), API Technologies Corp. (US), Taiyo Yuden Co. Ltd. (Japan), NIC Components Corp. (US), Würth Elektronik GmbH & Co. KG (Germany), Walsin Technology Corporation (Taiwan), YAGEO Corporation (Taiwan), KEMET (US), Vishay Intertechnology (US), SAMWHA ELECTRIC (South Korea), Darfon Electronics Corp. (Taiwan), and MARUWA CO., LTD. (Japan).
It is expected that the global demand for multilayer ceramic capacitors will rise at a significant rate over the forecast period. Multilayer ceramic capacitor market geographic analysis has been conducted for North America, Europe , Asia-Pacific and the rest of the world (including Middle East, Africa and South America). Asia-Pacific is expected to dominate the multi-layer ceramic capacitor market amongst the regions listed. China, South Korea, Japan and Taiwan are some of the world’s leading manufacturers of electronics, resulting in increased demand for ceramic condensers in this region. China as the largest consumer electronics manufacturer and exporter creates enormous opportunities for the multilayer ceramic capacitor market to expand. North America is also expected to experience enormous demand for multilayer ceramic capacitor technology, while Europe is expected to rise during the forecast period at a significant CAGR due to the growing demand for automotive components.
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