Multi-Layer Ceramic Capacitor Market Outlook:
Multi-Layer Ceramic Capacitor Market size is valued at USD 16.39 billion in 2025 and is anticipated to surpass USD 35.31 billion by 2036, expanding at a CAGR of 7.2% during the forecast period, i.e., 2026 to 2036. In 2026, the industry size of multi-layer ceramic capacitor is assessed at USD 17.61 billion.
The multi-layer ceramic capacitor market is expected to grow rapidly with the surging demand for consumer electronics products, such as laptops, smartphones, and other devices. This is leading manufacturers to produce an increasing number of consumer electronics items even in developing economies. As disclosed by the Press Information Bureau in September 2025, smartphone exports from India to the U.S. increased by 55% to 1 trillion, surpassing China as the top smartphone exporter. As a result, the manufacturers of these electronic items are anticipated to witness a growing need for MLCCs. These capacitors play a crucial role in a reservoir for electrical charge to enable control over the flow of electricity in a circuit and reduce interference between different parts.
Rapid adoption of electric and hybrid vehicles is also fueling the multi-layer ceramic market growth. MLCCs play a crucial role in vehicles for voltage management, especially when they offer high capacitance, temperature stability, compact size, and a long battery lifespan. With the growing involvement of manufacturers in the electrification of vehicles, the demand for MLCCs is likely to increase over time. As per the report by the International Energy Agency, the proportion of EVs among newly sold cars in 2024 was 20%, a surge in the rate of sales by 25% to 17 million. In fact, EV sales globally are required to reach around 60% by the year 2030 for the achievement of net-zero targets by 2050.
