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

  • Report ID: 5199
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Multilayer Ceramic Capacitor Market size is expected to cross USD 76 Billion by the end of 2035, growing at a CAGR of 14% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of multilayer ceramic capacitor was over USD 14 Billion. With the development of IT devices, the need for a multi-layer ceramic capacitor (MLCC), is rising significantly. The market will expand as a result of the development of technologies like IoT, cloud computing, and AI. In 2017, 20% of respondents said they had adopted AI in at least one business area; today, that number is 50%, while it reached a high of 58 percent in 2019.

Additionally, with the potential for miniaturization, the makers are attempting to fit more circuits and components into the limited area at their disposal. Other capacitors have not been able to match the special qualities of MLCC, hence MLCC will play a significant role in the development of the new computing technology that is now being developed. 85% of businesses will begin using the cloud first by 2025. Cloud storage is used for more than 60% of all corporate data. Nearly 50% of businesses have adopted cloud computing completely.


Multilayer Ceramic Capacitor (MLCC) Market
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Multilayer Ceramic Capacitor Sector: Growth Drivers and Challenges

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.

Multilayer Ceramic Capacitor (MLCC) Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 14%

Base Year Market Size (2022)

 ~ USD 14 Billion

Forecast Year Market Size (2035)

 ~ USD 76 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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. COGs do not need special reflow profiles for surface installation, unlike film capacitors. For a given capacitance inside of a particular case size, COG MLCCs frequently offer higher voltage ratings. These devices are perfect for resonant circuit applications and capacitance stability due to their exceptionally low equivalent series resistance and outstanding self-resonance characteristics. Inverters, power supplies, smartphones, laptops, chargers and adapters, UPS, smart meters, smart homes, remote power management, and other applications are among the many for which COG is perfect. 300 million smart homes are thought to exist worldwide. In 2023, there will be 60.4 million U.S. households that actively employ smart home technology. Owners of smart home electronics in America spend, on average, USD 1,172 on these appliances.

End-User Industry (Electronics, Automotive, Industrial, Telecommunication)

The automotive segment in the multilayer ceramic capacitor market is set to hold the largest share of 45% by the end of 2035. The growth of the segment can be impelled by the growing use of multilayer ceramic capacitors in automotive electronic components such powertrains, car frames, and infotainment systems. The development of MLCCs specifically designed for automotive applications, with a wide range of voltage options, case sizes, and capacitance values, has been encouraged by the trend by a number of manufacturers. For instance, 85.4 million motor vehicles were produced globally in 2022, a 5.7% increase from 2021.

Our in-depth analysis of the global MLCC market includes the following segments:

  Type

  • General Capacitor
  • Array
  • Serial Construction
  • Mega Cap

  Rated Voltage Range

  • Low Range
  • Mid-Range
  • High Range

  Dielectric Type

  • Class I
  • NPO
  • C0G
  • P100
  • N33
  • N75
  • Class II
  • X7R
  • X5R
  • Y5V
  • Z5U
  • X7S

  End-User Industry

  • Electronics
  • Automotive
  • Industrial
  • Telecommunication

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Multilayer Ceramic Capacitor Industry - Regional Synopsis

APAC Market Forecast

The multilayer ceramic capacitor market in the Asia Pacific is expected to hold the largest share of about 32% throughout the forecast period. The use of MLCCs per vehicle is anticipated to increase more rapidly in the Asia Pacific region as more cars switch from internal combustion engines to electric motors. The electric vehicle world sales database shows that from 2020 to 2021, the EV market in China alone increased by 155%. Moreover, the demand for high-performance and high-reliability MLCCs has increased as a result of the commercial launch of 5G communication technology.

European Market Statistics

Europe’s multilayer ceramic capacitor market is anticipated to account for a significant revenue share of about 25% market share. The growth of the market in the region can be propelled by the presence of a substantial number of automakers in the area. The adoption of MLCCs in the automotive industry is being boosted by the large number of MLCC manufacturers who are creating and producing MLCCs for automotive applications. In the European Union, 13.1 million cars are made per year. Germany, which produced over 2.9 million passenger cars and roughly 234,000 light commercial vehicles in 2021, was the largest auto manufacturing nation in Europe.

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Multilayer Ceramic Capacitor (MLCC) Market Size
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Companies Dominating the Multilayer Ceramic Capacitor Landscape

top-features-companies
    • Samsung Electro-Mechanics Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Yageo Corporation
    • EYANG Technology
    • API Technology Corp.
    • KEMET Corporation
    • Drafon Electronics Corp.
    • NIC Components
    • Samwha Capacitor Group
    • Fujian Torch Electron Technology
    • Elektronik Group

In-the-news

In The News

  • Samsung Electro-Mechanics Co. unveiled a multilayer ceramic capacitor for the automotive powertrain that can run smoothly under the high temperature of 150 degrees Celsius. The Korean electronic component company will supply 13 new MLCCs for the automotive powertrain to its clients around the world.
  • Yageo Corporation increased its 01005-commercial high-frequency grade MLCC product range and capacity for X7R, X5R and NPO to fulfill the need to miniaturize components in end-user electronic products.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5199
  • Published Date: Aug 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for automotive industry, and surge in demand for consumer electronics are the major factors driving the growth of the multilayer ceramic capacitor market.

The market size of multilayer ceramic capacitor is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Yageo Corporation, EYANG Technology, API Technology Corp., KEMET Corporation, Drafon Electronics Corp., NIC Components, Samwha Capacitor Group, Fujian Torch Electron Technology, Elektronik Group, and others.

The COG Class I dielectric type segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Multilayer Ceramic Capacitor Market Report Scope
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