Global Multilayer Ceramic Capacitor Market Size, Forecast and Trend Highlights Over 2025-2037
Multilayer Ceramic Capacitor Market size was valued at USD 18.2 billion in 2024 and is expected to secure a valuation of USD 104.6 billion in 2037, expanding at a CAGR of 14.4% during the forecast period, i.e. 2025-2037. In 2025, the industry size of multilayer ceramic capacitor is evaluated at USD 20 billion.
The demand for miniaturized high-end electronic systems with optimized performance is a major driver for the multilayer ceramic capacitors market. Companies are making efforts to produce high-capacity electronics with miniaturized designs, improved thermal and electrical robustness. For instance, in July 2024, Murata Manufacturing Co. Ltd. launched GRM188C80E107M and GRM188R60E107M as a series of MLCCs surpassing 100μF in a 0603-inch package. This capacitor design targets server, data center, and IT application requirements through its low resistance and impedance characteristics that fit decoupling and smoothing circuits within powerful computing systems. Such technological advancement demonstrates a wider trend in the electronics industry to produce compact, high-capacity passive components that will enable digital infrastructure development.
Manufacturers are developing innovative layering processes and materials due to increased MLCC use in complex circuits of mobile devices and wearable electronics. These components experience increased application in power supply modules and RF circuits that serve as main components for industrial automation and digital healthcare operations. Companies are addressing changing market requirements by investing in advanced manufacturing infrastructure with AI for defect inspection and international research partnerships.
Multilayer Ceramic Capacitor Sector: Growth Drivers and Challenges
Growth Drivers:
- Shift toward autonomous and electric vehicles: Automotive environments require durable passive components due to the rapidly increasing vehicle electrification and ADAS integration. Manufacturers are developing MLCCs with improved characteristics of thermal resistance, mechanical stability, and smaller dimensions. For instance, in December 2023, Samsung Electro-Mechanics rolled out the CL05G102JC51PN, an MLCC for automotive high-temperature applications. The 0402-inch dimension of this capacitor allows it to operate at 1nF with 100V of voltage while reliably functioning to 150°C. These technological improvements make MLCCs perfectly suitable for electric vehicle powertrain and safety system applications, as space constraints and thermal reliability are crucial.
- Expansion of 5G infrastructure and telecommunications: The global deployment of 5G networks is resulting in an exceptional need for compact high-frequency parts, which help boost data transmission speeds and enhance power delivery performance. The capacitors present an embedded design that moves toward ICs, producing a reduced parasitic inductance and achieving better power integrity at high operating frequencies. The space-saving MLCC developments are enabling successful decoupling capabilities, making them suitable for use in 5G antennas and network devices.
Challenges:
- Availability of alternatives: The presence of various alternatives, including solid-state capacitors as well as supercapacitors, is creating obstacles for the growth of the multilayer ceramic capacitors market, as these capacitors deliver better performance features for specific applications. The solid-state capacitors work most effectively in high-voltage environments, while the supercapacitors achieve best results when used for applications in rapid energy storage with dense energy capabilities. The alternative capacitors surpass MLCCs by providing better power storage capabilities and more efficient rapid energy delivery, and superior performance for larger capacitive scales.
Multilayer Ceramic Capacitor Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
14.4% |
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Base Year Market Size (2024) |
USD 18.2 billion |
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Forecast Year Market Size (2037) |
USD 104.6 billion |
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Regional Scope |
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Multilayer Ceramic Capacitor Segmentation
Dielectric Type {Class I (NPO, COG, P100, N33, N75), Class II (X7R, X5R, Y5V, Z5U, X7S)}
The COG Class I dielectric type is expected to hold 28% share of the global multilayer ceramic capacitor market during the forecast period. The growing focus on miniaturized electronic devices for consumer electronics and telecommunications is accelerating the requirements for small and capable MLCCs. Manufacturers are producing powerful compact devices through the use of these capacitors, which maintain performance levels. Next-generation component development with high capacitance capabilities in compact designs remains essential to create space-optimized solutions for modern electronics, leading to increased demand for COG Class I dielectric technology.
End-User Industry (Electronics, Automotive, Industrial, Telecommunication)
The automotive segment is set to hold the largest share of 45% by the end of 2037. Companies are significantly investing in advanced technologies as well as expanding their multi-layer ceramic capacitor product line to fulfill emerging market needs. For instance, in September 2023, TDK Corporation launched its new series of MLCCs with low-resistance soft termination types that deliver up to 47μF capacitance in 3225 size. The manufacturers are developing capacitors, specifically to boost automotive electronic control units' power efficiency alongside reliability needs, while the industry is working toward miniaturized electronic systems.
Our in-depth analysis of the global multilayer ceramic capacitor market includes the following segments:
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Type |
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Rated Voltage Range
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Dielectric Type |
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End use |
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Customize this ReportMultilayer Ceramic Capacitor Industry - Regional Scope
Asia Pacific Market
The multilayer ceramic capacitor market in the Asia Pacific is expected to hold the largest share of about 32% throughout the forecast period. The region is a leader in manufacturing production and adoption, with China operating as the leading force in both segments. MLCCs function as essential components for EV power systems, battery management systems, and critical applications. The adoption of renewable energy solutions is stimulating the demand for MLCCs as they serve energy storage systems and power electronic applications. The acceleration of 5G network deployment is leading to an increased requirement for MLCCs.
The China multilayer ceramic capacitor is witnessing an explosive growth in the automotive sector and the electric vehicle segment. High-performance MLCCs are in high demand, attributed to advanced automotive technologies that require autonomous driving systems, embedded ADAS solutions, and electric powertrain components. Modern vehicles require these capacitors to maintain reliable electronic systems through their stability functions. The EV industry’s dominance is ensuring ongoing automotive sector demand for MLCCs, which is acting as a primary force in the market expansion.
Europe Market Analysis
Europe’s multilayer ceramic capacitor market is anticipated to account for a significant share of about 25%, owing to the substantial growth in industrial automation technologies and IoT applications. The rapid adoption of automated devices, as well as smart factories, is driving the requirement for reliable high-performance materials such as MLCCs. These capacitors are extensively used in industrial control systems and sensors as well as communication modules to expedite application miniaturization and optimized efficiency. Higher demand for IoT devices and industrial automation is accelerating the market to maintain increased consumption of MLCCs.
The governments are actively investing in advancements of manufacturing technology and high-tech industry development. The demand for high-performance MLCCs is increasing, as governments prioritize semiconductor and electronics production and defense technologies. Modern electronic systems in military aerospace and industrial domains require these capacitors as their essential components, further boosting the market growth.
The market in the U.K. is projected to hold a significant share during the assessment period. The healthcare sector is implementing advanced medical devices, which is fostering the demand for multilayer ceramic capacitors. Medical applications that use MLCCs include imaging equipment, wearable health monitors, and various diagnostic devices. Medical technology performance and stability depend heavily on MLCCs as the industry demands increasing accuracy from high-tech medical devices, with the rise of telemedicine and personalized healthcare.
Companies Dominating the Multilayer Ceramic Capacitor Landscape
- Samsung Electro-Mechanics Co., Ltd.
- Company Overview
- Business Strategy
- Key Technology Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Samsung Electro-Mechanics Co., Ltd.
- Yageo Corporation
- EYANG Technology
- API Technology Corp.
- KEMET Corporation
- Drafon Electronics Corp.
- NIC Components
- Samwha Capacitor Group
- Fujian Torch Electron Technology
- Elektronik Group
The multilayer ceramic capacitor (MLCC) market is highly competitive, with key players focusing on innovation, product diversification, and strategic partnerships to enhance market share. Major companies like Murata Manufacturing Co., Ltd., TDK Corporation, Samsung Electro-Mechanics, and Yageo Corporation lead the market, offering a wide range of MLCCs catering to diverse applications such as automotive, telecommunications, consumer electronics, and industrial systems. These players are investing in advanced manufacturing techniques, miniaturization, and high-capacitance solutions to meet the growing demand for compact, high-performance components. Additionally, strategic collaborations and acquisitions are common to expand production capacities and market reach. Here are some key players operating in the global market:
In the News
- In April 2024, Samsung Electro-Mechanics released the world's first automotive MLCC in a 0402-inch size (1.0×0.5mm) with 1µF capacitance at 16V. This product is tailored for Advanced Driver Assistance Systems (ADAS) and autonomous driving applications, offering high capacitance in a compact form factor.
- In November 2023, Samsung Electro-Mechanics expanded its C0G MLCC lineup to include a 100V-rated 1nF capacitor in a 0603-inch package. This development caters to automotive powertrain and safety systems, addressing the need for high-voltage stability and miniaturization.
Author Credits: Abhishek Verma
- Report ID: 5199
- Published Date: May 12, 2025
- Report Format: PDF, PPT
