Multi Layer Ceramic Capacitor Market Forecasts to 2028 – Global Analysis By Type (Array, General Purpose, Mega Cap, Serial Design and Other Types), By Dielectric Type (Class I and Class II), By Rated Voltage (Low Rated Voltage (Upto 50 V), Medium Rated Voltage (100 V-630 V) and High Rated Voltage (1000 V & Above)), By Mounting Type (Surface Mount, Radial Lead, Metal Cap and Other Mounting Types), By Application (Electronics, Manufacturing, Healthcare, Network and Storage Devices, Smartphones, Drive and Powertrains, Computing Devices, Power Converters/Power Supply and Other Applications), By End User (Power and Utility, Telecommunications, Automotive, Industrial Equipment, Transportation, Aerospace and Defense, Data Transmission and Other End Users) and By Geography
According tStratistics MRC, the Global Multi Layer Ceramic Capacitor Market is accounted for $14.0 billion in 2022 and is expected treach $33.8 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Because of their adaptability in terms of size and design, affordability, and resistance thigh voltages, MLCCs have special qualities. As a result, they are currently regarded as the most reliable ones. Sfar, their capacity tcombine several components intone unit has been the crucial part that has led ttheir broad use. Each layer in an MLCC, which contains hundreds of them, functions as an independent component. As a result, there was nrequirement for extra circuitry components.
According tthe IBEF, in FY 2021, the production of automobiles in India was 22.65 million vehicles. Also, 13 million vehicles were produced during April-October 2021.
Market Dynamics:
Driver:
Increasing demand from the automotive sector
One of the most significant MLCC end customers is the automotive sector. The adoption of automotive-grade MLCCs in recent years is anticipated tdrive the growth of the overall MLCC industry. The demand for multilayer ceramic capacitors is accelerating due tthe growing use of electronic components in automotive systems such as engines, powertrains, and infotainment systems. Miniaturization of components, capacitance improvements, and enhancements tsafety measures are all necessary because of the automobile industry's continuous advancements.
Restraint:
Advanced micro-level technical competence required for developing MLCCs
The multilayer ceramic capacitor, one of the simplest electronic parts, has 500 t600 dielectric and electrode layers, making it a high-tech device. Comparing MLCCs tother passive chip components, MLCC manufacturing and lamination technique are the most complicated. The core technique used tproduce reliable and precise MLCCs is the compact stacking of several dielectric layers. The reason for the multilayering is that the ability tstore more electricity increases with the number of layers stacked.
Opportunity:
Rise in internet of things (IoT)
The emergence of the Internet of Things (IoT) is enabling a wide range of commercial opportunities. High-capacitance MLCCs are the optimal option for IoT devices because of their inherent reliability and long service life. Low equivalent series resistance (ESR) and inductance are characteristics of MLCCs, which have a proven mean time tfailure (MTTF) ranging from 10,000 tmore than 1,000,000 hours (ESL). IoT devices integrate smart wearables, home appliances, security cameras, entertainment systems, and other smart gadgets intautomobile infotainment systems.
Threat:
Miniaturization of MLCCs
The trend towards smaller and lighter electrical products and components has MLCC manufacturers constantly exploring new ways tpush the MLCC architecture's limits. More performance is required even when devices get smaller because capacitors are designed thave lower losses and offer even higher efficiency. When this occurs, even the simplest security devices, such as bank cards and sophisticated patient monitoring systems, frequently include ultra-thin MLCCs. A high-performance, adaptable, and user-friendly 5G-enabled smartphone of the suitable dimensions alsrequires the downsizing of MLCCs. On the other hand, manufacturers of electronic components cannot simply accelerate the downsizing of MLCCs.
Covid-19 Impact:
Export-oriented economies experienced significant impacts because of the COVID-19 outbreak and spread since industrial facilities had tshut down in 2020. Due tdelays in 5G base station deployments, the production and launch of new EVs, and connected vehicle innovations, it hindered the growth of the MLCC industry. The increased demand for MLCCs from the end-user industries of electronics and telecommunications, however, mitigated the pandemic crisis's adverse effects on the expansion of the MLCC market.
The class II segment is expected tbe the largest during the forecast period
Since the emergence of ADAS (advanced driver assistance systems), the rise of autonomous vehicles, and the rapid development of connected vehicles are attributed tthe increasing deployment of Class II dielectric type MLCCs in the automotive industry, the Class II segment currently holds the largest share of the market and is anticipated tcontinue holding this position throughout the forecast period. The number of MLCCs deployed rises as more vehicles switch from internal combustion engines (ICE) tbattery electric vehicles (BEV), frequently by a factor of five or more.
The automotive segment is expected thave the highest CAGR during the forecast period
Due tthe rising use of multilayer ceramic capacitors in automotive electronic components including powertrains, vehicle frames, and infotainment devices, the automotive segment is anticipated tdevelop at the highest CAGR over the forecast period. A number of manufacturers have encouraged the development of MLCCs specifically designed for automotive applications with a wide range of voltage options, case sizes, and capacitance values. As a result, the MLCCs employed in the sector can resist temperatures of 150 °C or more. However, the amount of data processed in Level 3 autonomous driving compared tLevel 1 increases up t100 times with the advent of connected electronics and autonomous vehicles. Moreover, the battery voltage in EVs rises t600–1000 V.
Region with largest share:
Throughout the projected period, Asia-Pacific is anticipated thold the largest share of the market for multilayer ceramic capacitors. The number of MLCCs utilised per vehicle in the Asia Pacific region is anticipated tgrow rapidly as more vehicles switch from internal combustion engines (ICEs) tbattery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Furthermore, the commercial launch of 5G communication technology has increased demand for MLCCs with high reliability and speed.
Region with highest CAGR:
As China has been the largest automotive sector worldwide and is rapidly developing inta technological powerhouse, Asia Pacific is anticipated thave the highest CAGR in the multilayer ceramic capacitor market over the projected period. The nation's flexibility toward technological advancement could have a significant impact on the automotive sector in the future. Due tinitiatives like Made in China 2025, China is additionally anticipated thave a massive expansion in the automation and industrial sectors with the introduction of Industry 4.0. Additionally, the rise of MLCC vendors has huge potential in the Indian automobile sector.
Key players in the market
Some of the key players in Multi Layer Ceramic Capacitor market include Murata Manufacturing Co. Ltd, Kyocera Corporation, Walsin Technology Corporation, TaiyYuden Co. Ltd, YageCorporation, Samsung Electro-Mechanics Co. Ltd, TDK Corporation, Eyang Holdings Group Co. Ltd, Vishay Intertechnology Inc., KEMET Corporation, API Technologies, Knowles Corporation and Wurth Elektronik Group.
Key Developments:
In April 2022, YageCorporation expanded its 01005 commercial high-frequency grade MLCC product range and capacity for X7R, X5R, and NPO tmeet the demand for the miniaturization of components in end electronic devices.
In February 2022, TaiyYuden (USA) Inc. formed a joint venture with TTI Inc. This arrangement allows TaiyYuden tdeepen its relationships with its existing customers while expanding its sales channels intnew markets, allowing businesses from various industries tspeed up the development of electronic devices.
In December 2021, Murata Manufacturing Co. Ltd manufactured the GCM31CC71C226ME36 multi-layer ceramic capacitor for automotive powertrain and safety applications. This capacitor has the highest capacitance of 22 F for MLCCs in the 1206-inch (3.2 1.6 mm) size and a 16V voltage rating.
Types Covered:
• Array
• General Purpose
• Mega Cap
• Serial Design
• Other Types
Dielectric Types Covered:
• Class I
• Class II
Rated Voltages Covered:
• Low Rated Voltage (Upt50 V)
• Medium Rated Voltage (100 V-630 V)
• High Rated Voltage (1000 V & Above)
Mounting Types Covered:
• Surface Mount
• Radial Lead
• Metal Cap
• Other Mounting Types
Applications Covered:
• Electronics
• Manufacturing
• Healthcare
• Network and Storage Devices
• Smartphones
• Drive and Powertrains
• Computing Devices
• Power Converters/Power Supply
• Other Applications
End Users Covered:
• Power and Utility
• Telecommunications
• Automotive
• Industrial Equipment
• Transportation
• Aerospace and Defense
• Data Transmission
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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