What Fueled The Previous Growth In The Multilayer Ceramic Capacitor Market?
The multilayer ceramic capacitor market has seen considerable growth due to a variety of factors.
• The size of the multilayer ceramic capacitor market has seen considerable growth recently. It's projected to increase from $11.08 billion in 2024 to $11.97 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors such as the increased demand for electronics, downsizing in electronic devices, progress in consumer electronics, industrial automation, the shift towards renewable energy, and advancements in medical devices have all contributed to the historical growth.
What Is The Expected Growth In The Multilayer Ceramic Capacitor Market?
The Multilayer Ceramic Capacitor market is expected to maintain its strong growth trajectory in upcoming years.
• Strong expansion is anticipated in the multilayer ceramic capacitor market size over the next few years. It is projected that by 2029, it will have grown to $16.48 billion with a compound annual growth rate (CAGR) of 8.3%.
This growth for the period predicted can be linked to the expansion of the electronics market, the electrification of the automotive sector, an increase in IoT devices, and a surge in consumer electronics demand. Major trends over this forecast period encompass global economic patterns, market competition, changes in supply chain dynamics, environmental regulations, and developments in aerospace electronics.
What Main Forces Are Fueling Expansion In The Multilayer Ceramic Capacitor Market?
The surge in demand from the automotive industry, driven by the emergence of electric vehicles (EVs), is set to stimulate the expansion of the multilayer ceramic capacitors market. Electric vehicles, equipped with motors powered by electricity stored in batteries, avoid the use of fossil fuels, instead charging their batteries using electricity. As the manufacture and selling of EVs progresses, a significant demand for multilayer ceramic capacitors is established, given their critical role and minor-value capacitances in these vehicles. For example, the Global EV Outlook 2022 report, published in May 2022, highlighted that electric vehicle sales had climbed to a record 6.6 million in 2021, doubling from the preceding year. Consequently, the increasing demand triggered by the rise of EVs in the automotive industry is anticipated to push the growth of the multilayer ceramic capacitors market.
What Are The Primary Segments In The Global Multilayer Ceramic Capacitor Market?
The 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
Subsegments:
1) By Class 1: C0G (NP0) Capacitors, C1G Capacitors, Temperature-Stable Capacitors
2) By Class 2: X7R Capacitors, X5R Capacitors, Y5V Capacitors
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Which Key Trends Are Driving Changes In The Multilayer Ceramic Capacitor Market?
The trend of technological advancements is becoming increasingly popular in the multilayer ceramic capacitor market. To maintain their market presence, key players are leveraging innovative technologies in the production of multilayer ceramic capacitors like the use of recyclable polyethylene terephthalate (PET) in MLCCs, miniaturization of MLCCs, high-temperature MLCCs, among others. For example, in January 2022, TDK Corporation, an electronics manufacturer based in Japan, introduced a recycling technology that effectively reuses PET films in the creation of multilayer ceramic capacitors (MLCCs). This initiative is significant as leftover PET films from MLCC production, which are often specially treated, cannot be repurposed without further processing.
Who Are the Key Players In The Multilayer Ceramic Capacitor Market?
Major companies operating in the multilayer ceramic capacitor market include:
• 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.
What Is The Most Dominant Region In The Multilayer Ceramic Capacitor Market?
Europe was the largest region in the multilayer ceramic capacitor market in 2024. 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.
