Global Multilayer Ceramic Capacitor market report 2024, Forecast To 2033
4 Mar, 2024
The multilayer ceramic capacitor market has demonstrated strong growth, increasing from$10.36 billion in 2023 to$11.27 billion in 2024, with a compound annual growth rate (CAGR) of 8.8%. Historical growth factors include electronics demand, miniaturization in electronics, advancements in consumer electronics, industrial automation, renewable energy adoption, and medical device advancements. Anticipated strong growth in the next few years will drive the market to$15.6 billion by 2028, with a compound annual growth rate (CAGR) of 8.5%. Growth drivers include electronics market expansion, automotive electrification, rise in IoT devices, and growing consumer electronics demand. Major trends in the forecast period include global economic trends, market competition, supply chain dynamics, environmental regulations, and advancements in aerospace electronics.
Global Multilayer Ceramic Capacitor Market Key Driver
Growing demand from the automotive industry due to the advent of electric vehicles (EVs) is expected to propel the growth of the multilayer ceramic capacitors market going forward. Electric vehicles are vehicles that consist of a motor that is powered through electricity stored in batteries. It operates on electric motors and charges its batteries with electricity rather than utilizing fossil fuels like gasoline or diesel. The production and sale of EVs increase, there will be a huge demand created for multilayer ceramic capacitors as they are an integral part of EVs due to essential functions and small-value capacitances. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the growing demand from the automotive industry due to the advent of EVs will fuel the growth of the multilayer ceramic capacitors market. The multilayer ceramic capacitors market is poised for substantial growth, reaching $X billion by 2023 and projected to achieve $Y billion by 2028.
Get A Free Sample Of The Global Multilayer Ceramic Capacitor Market ReportGlobal Multilayer Ceramic Capacitor Market Segments
The global multilayer ceramic capacitor market covered in this report is segmented –
1) By Equipment Type: Class 1, Class 2
2) By Rated Voltage Range: Low Range (Up To 50V), Mid Range (100V To 630V), High Range (1000V And Above)
3) By Application: Consumer Electronics, Automotive, Manufacturing, Healthcare, Other Applications
By Geography: The regions covered in the multilayer ceramic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the multilayer ceramic capacitor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multilayer ceramic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Multilayer Ceramic Capacitor Industry Players
Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., Yageo Group, Walsin Technology Corporation, Kyocera Corporation, TDK Corporation, Vishay Intertechnology Inc., Samwha Capacitor Co. Ltd., Nippon Chemi-Con Corporation, Darfon Electronics Corp., MARUWA Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., API Technologies Corp., AVX Corporation, Ceramic Substrates & Components Ltd., Chaozhou Three-Circle (Group) Co. Ltd., Chilisin Electronics Corp., Dearborn Electronics Pvt. Ltd., Delta Electronics Inc., Exxelia Alcon Electronics Pvt Ltd., Faratronic Co. Ltd., Holy Stone Enterprise Co. Ltd., KEMET Corporation, KOA Corporation, NIC Components Corp., Novacap Investments Inc., Presidio Components Inc., RFMW Ltd.
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Multilayer Ceramic Capacitor Market Overview
A multilayer ceramic capacitor is a type of surface-mounted device that provides low capacitance and is employed in a variety of electronic devices for the essential noise-suppression function. The many ceramic layers and conductive electrodes stacked one on top of the other make up the multilayer ceramic capacitor (MLCC).
Multilayer Ceramic Capacitor Global Market Report 2023 provides data on the global multilayer ceramic capacitor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The multilayer ceramic capacitor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.