Multilayer Ceramic Capacitor Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: SE24101001 | Research Suite: Report (PDF) & Market Data (Excel)
Multilayer ceramic capacitors (MLCCs) are constructed with
multiple layers of ceramic material that function as the dielectric, interlaced
with conductive electrodes. The compact design of MLCCs makes them particularly
advantageous for modern electronic applications due to their high capacitance
value.
MARKET
OVERVIEW
The multilayer ceramic capacitor market is valued at approximately USD 16 billion in 2023 and is projected to reach USD 61.37 billion by 2034 exhibiting a compound annual growth rate (CAGR) of 13% during the forecast period of 2024-2034. These are widely utilized in many different applications because of their versatility, stability over temperature variations, and suitability for high-frequency applications.
GROWTH
DRIVERS
The MLCC market is growing significantly due to the growth
of automotive sector. The number of electronic components used in automobiles
has significantly increased due to the shift from internal combustion engines
to battery electric vehicles and hybrid electric vehicles. As per the SAMSUNG
ELECTRO-MECHANICS, the demand for MLCCs is predicted to continue to increase
with the improvement of vehicle convenience features. Additionally, the MLCC
need per vehicle is anticipated to rise by more than 10,000 MLCCs per vehicle
due to the recent increase in the number of electronic control units (ECU) per
vehicle, which has increased from 30 to more than 100.
The market for MLCCs has expanded dramatically due to the
rapid advancement in consumer electronics including laptops, tablets,
smartphones, and wearable devices. These capacitors are necessary for the
devices' ability to regulate power, filter signals, and suppress noise.
High-end electronic device manufacturers incorporate MLCCs into their products
due to their reliability and performance characteristics. As a result, MLCCs
are in greater demand in consumer electronics.
The market for multilayer ceramic capacitor is anticipated
to further driven by the factors such as the advancements in technology like 5G
and IoT, trends toward miniaturization, government support for digital
initiatives, reliability factors, emerging markets’ growth potential, and
environmental sustainability efforts.
MARKET
SEGMENTATION:
By Type
-
·
General Capacitor
·
Array
·
Serial Design
·
Megacap
·
Other Types
By Dielectric
Type-
·
Class I
o C0G
(NP0)
o X8G
o U2J
o Other
Class I
·
Class II
o X7R
o X5R
o Y5V
o X7S
o Other Class
II
By Rated
Voltage -
·
Low Rated Voltage (50V)
·
Medium Rated Voltage (100V to 630V)
·
High Rated Voltage (1000V)
By Application
–
·
Electronics
·
Automotive
·
Industrial Equipment
·
Telecommunication
·
Data Transmission
·
Other Applications
By
Region –
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Multilayer
Ceramic Capacitor Market By Type Segment Review:
The general capacitor segment is expected to dominate the global market for MLCC, primarily due to the rising requirement for general capacitors in applications such as DC-DC converters, cellular telephones, gaming machines, memory modules, LCDs, and televisions. They are easily installed in multiple electronic devices due to their small size and ability to eliminate noise from electronic circuits.
Multilayer
Ceramic Capacitor Market By Dielectric
Type Segment Review:
Class I MLCC is expected to grow significantly due to its
increasing demand for consumer electronics. There is a growing trend in the
automotive industry for incorporating safety features, infotainment systems,
and electric vehicle (EV) technologies into automobiles. Class I capacitors are
preferred in these applications because of their low losses at high frequencies
and stability across a broad temperature range.
Multilayer
Ceramic Capacitor Market By Rated Voltage Segment Review:
The low-rated voltage segment focuses primarily on consumer
electronics that include smartphones, tablets, and laptops. The increasing demand for compact and
efficient electronic devices is driving the demand for MLCCs with lower voltage
ratings.
Multilayer
Ceramic Capacitor Market By Application Segment Review:
The electronics industry is one of the largest consumers of
multilayer ceramic capacitors. This includes applications for smartphones,
tablets, laptops, and other consumer electronics. The increase in portable
devices and the trend towards miniaturization is driving demand for compact and
efficient capacitors in this sector.
Multilayer
Ceramic Capacitor Market By Region Segment Review:
The market is anticipated to be dominated by Asia Pacific
due to its robust manufacturing capabilities, and high demand for MLCC from
end-use industries like electronics and automotive. North America is poised for
rapid growth due to the region’s focus on digitalization and the presence of
major electronic component manufacturers.
Multilayer
Ceramic Capacitor Market Regional Synopsis:
The multilayer ceramic capacitor market is expected to grow
significantly in North America due to the presence of key manufacturers and a
strong focus on technological innovation. The market is further expanding due
to the increasing adoption of smart electronics, IoT devices, and electric
vehicles.
Europe is also leading the way in the adoption of MLCC due
to the high concentration of automotive manufacturers and technological
advancements. The growth of 5G technology and the development of
driver-assistance systems are also driving demand for MLCCs in this region.
The Asia Pacific market is expected to dominate the global
market for MLCC due to its robust electronics manufacturing infrastructure and
high demand for consumer electronics. The automotive sector’s electrification
trend is further driving market growth in the region.
The market in Latin America is developing due to its growing focus on improving local production capabilities, and advancements in technology that necessitate high-quality electronic components.
The market in the Middle East & Africa region is growing
moderately due to technological advancements across various sectors including
consumer electronics, telecommunications, automotive applications, and
industrial uses.
Multilayer
Ceramic Capacitor Market Key Challenges:
The market for MLCC faces obstacles because of its rising
raw material costs, supply chain disruptions, component shortages, technical
manufacturing hurdles, intense competition among established players,
regulatory compliance issues, and market volatility.
The increasing cost of raw materials used in producing
multilayer ceramic capacitors is one of the biggest obstacles to their
widespread adoption. Without optimizing production efficiency or passing costs
onto consumers, this high cost of raw material is likely to decrease profit
margin for manufacturers. This complexity also acts as a barrier to entry for
new players in the market.
Multilayer
Ceramic Capacitor Market Competitive Landscape:
The global market for multilayer ceramic capacitor is
characterized by a competitive environment that includes a mix of established
players and emerging companies, all vying for market share in this rapidly
growing industry.
Companies are making significant investments in expanding
their manufacturing capabilities to meet the growing demand. Several leading
manufacturers are also concentrating on launching products that cater to
specific applications. For instance, in September 2024, Murata Manufacturing
Co. Ltd announced that it has launched the world’s first 006003-inch size (0.16
mm x 0.08 mm) MLCC to expanded its innovative range of multilayer ceramic
capacitors.
Multilayer
Ceramic Capacitor Key Players:
·
Samsung Electro-Mechanics
·
Yageo Corporation
·
Murata Manufacturing Co., Ltd.
·
KEMET Corporation
·
AVX Corporation
·
TDK Corporation
·
Walsin
·
Taiyo Yuden
·
Vishay Intertechnology, Inc.
·
Würth Elektronik GmbH & Co. KG
·
Other Key & Niche Players