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The global multilayer ceramic capacitor market is growing at a rapid pace. Increased adoption of multilayer ceramic capacitors to meet the growing optimum battery demand would drive the market growth. According to Market Research Future (MRFR), the global multilayer ceramic capacitor market is poised to grow to USD 24.03 BN by 2032 from USD 15.1 BN in 2022, registering a 5.30% CAGR during the assessment period (2023-2032).
Market Players
Leading multilayer ceramic capacitor market players include
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Multilayer Ceramic Capacitor (MLCC) is an electric component comprising two electrical conductors and an insulator. These capacitors are used in various capacitance applications, including telecommunications, hard drives, gaming PCs, data processing, DVDs, video cameras, general electrical circuits, mobile phones, and others. The widespread adoption due to its capacity to pack numerous components in a single package is the main factor driving market growth.
The rapid growth in the global telecom industry, led by 5G technology, expands MLCC applications. Moreover, using renewable energy products across the automobile industry contributes to the multilayer ceramic capacitor market size. The sharp rise in the consumption of consumer electronics goods in significantly expanding automation and industrial sectors substantiates the multilayer ceramic capacitor market revenues.
Global Multilayer Ceramic Capacitors Market – Segmentation
The market analysis is segmented into types, applications, and regions. The type segment is sub-segmented Class I-NP0/C0G, U2J, Class II- X7R, X5R, and Y5V, Z5U. The application segment is sub-segmented into consumer electronics, automotive, manufacturing, telecommunication, transportation, healthcare, and others. By region, the multilayer ceramic capacitor market is segmented into North America, Europe, APAC, and the rest of the world.
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Global Multilayer Ceramic Capacitors Market – Geographical Analysis
APAC dominates the multilayer ceramic capacitor market. The number of MLCCs utilized per vehicle in the region is anticipated to grow rapidly as more vehicles switch from ICEs to HEVs, PHEVs, and BEVs. A growing number of Chinese MLCC producers have also emerged in recent years, concentrating on the production of consumer electronics. The expansion of MLCC providers has enormous potential, thanks to the Indian auto sector.
Global Multilayer Ceramic Capacitors Market – Competitive Landscape
Characterized by the presence of many notable players, the global multilayer ceramic capacitor market appears to be highly competitive. Market players incorporate strategic approaches such as collaboration, acquisitions, technology launch, and expansion to gain a larger competitive advantage over other market players.
Industry/ Innovation/ Related News
Sep. 12, 2023 — TDK Corporation announced the expansion of its CN series of multilayer ceramic capacitors (MLCCs) with a unique design and structure. With resin layers covering only a board mounting side, the new design allows electric current to pass outside the layers and reduces electrical resistance. First in the industry, this soft termination MLCC structure addresses market needs for large-value capacitances, adding CNA series (automotive grade) and CNC series (commercial grade) products.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
