Multilayer Ceramic Capacitor (MLCC) Market Size & Share, by Type (General Capacitor, Array, Serial Construction, Mega Cap); Rated Voltage Range (Low, Mid, High); Dielectric Type {Class I (NPO, COG, P100, N33, N75); Class II (X7R, X5R, Y5V, Z5U, X7S)}; End-user (Electronics, Automotive, Industrial, Telecommunication) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Growth Drivers

• Growing Demand for the Automotive Industry- One of the biggest end consumers of MLCCs is the automotive sector. The adoption of automotive-grade MLCCs in recent years is anticipated to drive the growth of the total MLCC industry. Additionally, MLCCs are fundamentally necessary for autonomous vehicles, hybrid vehicles, plug-in hybrid vehicles, and improved driver support systems utilized in automobiles. Battery electric vehicles are projected to use more than ~10,000 MLCCs. Battery electric vehicle manufacturer TESLA’s Model 3 car has over 9,000 MLCCs, and its Model S and X have over 10,000 MLCCs each.
• High Resistance to Abnormal Voltage- When a multilayer ceramic capacitor is connected to an electronic device, such as a TV or radio, the risk of failure due to dielectric breakdown can be reduced regardless of the surge or pulse voltage created within the device. Because of this, MLCC is very resistant to aberrant voltages, which fuels the market's expansion. With more than 15,445 radio stations and a weekly reach of 82.5% among adults, radio is one of the most effective media in the US. 46% of listeners said they thought about making a purchase after hearing a radio advertisement. Live radio accounts for 78.8% of daily audio listening, with young adults making up 53.2%.
• Upsurge in Demand for Consumer Electronics- Consumer electronics are increasingly in demand, particularly in developing nations like China, India, and others. The desire for consumer electronics like televisions, mobile phones, MP3 players, and other such products that are integrated with a number of capacitors is further fuelled by factors like an increase in disposable income and the emergence of the middle class. The leading players in the MLCC market are then expected to benefit from a wide range of opportunities that will result from this. The average American adult watches TV for two hours and 33 minutes per day, making up over 5.4 billion people globally.

Challenges

• Advanced Micro-Level Technical Competence Required for Developing MLCCs- A high-tech device with 500 to 600 dielectric and electrode layers, the multilayer ceramic capacitor is one of the tiniest electronic components. Comparing MLCCs to other passive chip components, MLCC manufacturing and lamination technique is the most complex. The core technology for producing accurate and dependable MLCCs is the compact stacking of several dielectric layers. The reason for the multilayering is that the ability to store more electricity increases with the number of layers layered.
• Lack of Professionals
• Downsizing MLCCs is Critical in Building a High-Performance, Versatile, and User-Friendly Product.