Global Multi-layer Ceramic Capacitor Market 2024-2032
MARKET OUTLOOKBased on Triton’s research report, the global multi-layer ceramic capacitor market is estimated to advance with a CAGR of 6.79% during the forecast period 2024-2032.
Varied factors, including the increasing demand from the automotive industry influenced by the emergence of electric vehicles along with continuous growth in consumer electronics, drive the market growth for MLCC. Moreover, the improved frequency characteristics of the multi-layer ceramic capacitors have a broader range of applications.
On the contrary, increased vulnerability to physical damage due to thermal stress or substrate deflection may lead to potential cracks in ceramic capacitors. This may affect the efficiency, which further disrupts the performance of the electric devices on which they are mounted.
REGIONAL OUTLOOKThe global multi-layer ceramic capacitor market covers Latin America, Europe, Asia-Pacific, North America, and the Middle East and Africa regions.
Asia-Pacific is expected to undergo the fastest growth over the forecast period. Encompassing China, Japan, India, South Korea, New Zealand, Australia, ASEAN countries, and the Rest of Asia-Pacific, this region is witnessing rapid expansion, including automobiles, consumer electronics, and semiconductor industries. This increasing demand for electric vehicles and gadgets spurs the need for the application of multi-layer ceramic capacitors, which drives its market growth.
COMPETITIVE OUTLOOKThe major market players in the multi-layer ceramic capacitor market are Darfon Electronics Corp, Knowles Electronics Llc, Spectrum Control, Kyocera AVX, Shenzhen Eyang Technology Development Co Ltd, Murata Manufacturing Co Ltd, TDK Corporation, Walsin Technology Corporation, Samsung Electro-Mechanics Co Ltd, Taiyo Yuden Co Ltd, Vishay Intertechnology Inc, Yageo Corporation, and Würth Elektronik Group.
TDK Corporation (TDK) is a manufacturer and supplier of electronic products, including passive components, applied magnetics, applied film products, etc. Its portfolio includes inductors, ceramic capacitors, transformers, piezoelectric material products, circuit protection components, and others. The company operates through a network of subsidiaries and offices in the Americas, the Middle East, Asia-Pacific and Europe. It is headquartered in Chuo-Ku, Tokyo, Japan.