Multilayer Ceramic Capacitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Multilayer Ceramic Capacitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The Global Multilayer Ceramic Capacitor (MLCC) Market is poised for significant growth. This optimistic forecast is supported by the market's projected rise from $13.82 billion in 2024 to $41.10 billion by 2031, driven by a robust CAGR of 16.80%.

High voltage range multilayer ceramic capacitors will remain the top revenue-generating category. The segment is expected to expand robustly, driven by several factors including the rising popularity of electric vehicles, growing penetration of digitalization and 5G technology, and increasing demand for consumer electronics.

Multilayer ceramic capacitors, characterized by alternating layers of metallic electrodes and dielectric ceramics, are the most widely produced and used capacitors in electronic equipment. They are known for their reliability and ability to stabilize voltage in circuits, offering high capacitance in small dimensions. Their growing usage in the automotive industry, particularly in electric and hybrid vehicles, is a key market driver.

Electric vehicles, including Advanced Driver Assistance Systems (ADAS) and self-driving vehicles, are significantly boosting the demand for MLCCs. A modern electric vehicle incorporates over 10,000 multilayer ceramic capacitors, primarily used in the engine management system and computer electronics. The shift towards electrification in the automotive industry is expected to drive robust demand for MLCCs.

The rise in pollution levels and high fuel prices are prompting a switch to electric and hybrid vehicles, creating lucrative opportunities for MLCC manufacturers. Additionally, the growing application of MLCCs in the telecommunication industry, spurred by advancements in 5G technology and their use in various telecom devices and RF designs, will drive market development.

From 2017 to 2021, multilayer ceramic capacitor sales experienced significant growth, reflecting the increasing importance of these components in various industries. Over the next decade, demand for MLCCs is expected to continue rising, creating substantial opportunities for market players.

The automotive sector is particularly crucial for the MLCC market. Electric vehicles, which require a significant number of MLCCs for their digital systems, are driving this demand. Advanced Driving Assistance System (ADAS) features in electric vehicles necessitate a large number of MLCCs, with battery electric vehicles needing five times the number used in non-electric vehicles.

The rapid adoption of electric vehicles will continue to fuel the demand for MLCCs. Additionally, advancements in telecommunication, especially with the rise of 5G technology, will also boost the market. Multilayer ceramic capacitors are essential components in many telecommunication devices, contributing to market growth.

Regional Insights

North America is expected to offer significant growth opportunities for MLCC manufacturers. The region is home to several electric vehicle manufacturers, which require a large number of multilayer ceramic capacitors. The increasing production of battery electric vehicles in North America will drive the demand for MLCCs.

In the United States, the presence of leading telecommunication device manufacturers and electric vehicle companies will support market growth. Companies such as Tesla, Rivian, and Li Auto are significant contributors to the demand for MLCCs, as these components are essential in the design of electric vehicles and telecommunication devices.

In the United Kingdom, the market for multilayer ceramic capacitors is driven by rising applications in telecommunications, healthcare, and automobiles. Increased research and development in MLCCs will also support market growth. Efforts to develop novel solutions with enhanced features are ongoing, with institutions like the University of Sheffield working on improving energy storage density and operating voltage of MLCCs.

Japan is another lucrative market for multilayer ceramic capacitor manufacturers. The country's market growth is driven by the popularity of electric vehicles and the presence of leading MLCC manufacturers. Companies like Murata Manufacturing Limited offer a wide variety of MLCC products, including general-purpose capacitors and high capacitance capacitors, catering to various applications.

Category-wise Insights

High voltage range multilayer ceramic capacitors are expected to remain in high demand through the forecast period. These capacitors, with rated voltage ranges of 2kV to 100kV, are used in automotive and telecommunication sectors. Higher voltage capacitors, used in applications such as automobiles and telecommunications, will witness significant demand.

In terms of end-use industries, the automotive sector will continue to be a leading segment for MLCCs. The rapid penetration of electric vehicles and the high adoption of MLCCs in these vehicles are key drivers. These capacitors are crucial components in automated systems such as ADAS, and the growing popularity of autonomous vehicles will bolster MLCC sales.

Competitive Analysis

Key manufacturers of multilayer ceramic capacitors include Kyocera Corporation, Murata Manufacturing Co. Ltd, TDK Corporation, Taiyo Yuden Co. Ltd, Vishay Intertechnology, Yageo Corporation, Walsin Technology Corporation, Cornell Dubilier Electronics Inc., Samsung Electro-mechanics, KEMET, AFM Microelectronics Inc., and Darfon Electronics Corp.

Development of new MLCCs with enhanced capacitance remains a key strategy for companies. Partnerships, acquisitions, and collaborations are also common strategies in the industry.

Recent Developments

Several recent developments highlight the dynamic nature of the MLCC market. For instance, Murata Manufacturing Corporation Limited has started building a multilayer ceramic capacitors factory in Wuxi, China, with a significant investment. This factory aims to meet the growing demand for MLCCs and is expected to be completed soon.

Toray Industries Incorporated announced an increase in the production capacity of Lumirror biaxially oriented polyester release films, used in manufacturing multilayer ceramic capacitors. Additionally, Murata Manufacturing Corporation Limited introduced a new line-up of MLCCs ideal for automotive applications.

Key Companies Profiled

Prominent companies in the MLCC market include:
• Murata Manufacturing Co. Ltd
• Taiyo Yuden Co. Ltd
• Kyocera Corporation
• Yageo Corporation
• Walsin Technology Corporation
• Samsung Electro-mechanics
• TDK Corporation
• KEMET
• Vishay Intertechnology
• Darfon Electronics Corp
• AFM Microelectronics Inc
• Cornell Dubilier Electronics, Inc.

Global Multilayer Ceramic Capacitors Market Segmentation

By Type:
• General Capacitor
• Array
• Serial Construction
• Mega Cap
• Others

By Rated Voltage Range:
• Low range
• Mid-range
• High range

By Dielectric Type:
• X7R
• X5R
• C0G
• Y5V
• Others

By End-use Industry:
• Industrial
• Electronics
• Automotive
• Telecommunications
• Others

By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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