Triton’s research report shows that the Asia-Pacific multi-layer ceramic capacitor market is expected to generate revenue growth at a CAGR of 6.96% during the 2024-2032 forecast years. China, India, South Korea, ASEAN countries, Australia & New Zealand, Japan, and the Rest of Asia-Pacific are examined in this report.
Being the largest automotive industry in the world, Japan is witnessing an escalating demand for driver-assist functions and electric vehicles (EVs). With the growing commercialization of hybrid electric vehicles (HEV) and plug-in electric vehicles (PEV), the government initiated favorable strategies to boost total vehicle sales by 2025. As functional electric components and expanding car features require multi-layer ceramic capacitors, the automotive sector heavily influences the studied market.
India, being the third largest auto manufacturer in terms of sales, aims to increase EV sales by 10 million in 2030. The government has introduced several incentives and policies to achieve this massive target and support the manufacturers in the production of electric vehicles. Hence, integrating smart technologies in EV manufacturing fuels the multi-layer ceramic capacitor market.
COMPETITIVE OUTLOOK
The key companies listed in the multi-layer ceramic capacitor market are Murata Manufacturing Co Ltd, Samsung Electro-Mechanics Co Ltd, TDK Corporation, Taiyo Yuden Co Ltd, Walsin Technology Corporation, Vishay Intertechnology Inc, Würth Elektronik Group, and Yageo Corporation.