Multilayer Ceramic Capacitor Market: Global Industry Analysis and Forecast (2024-2030)

Global Multilayer Ceramic Capacitor Market was valued at US$ 14.40 billion in 2023 and the total market is forecast to grow at a CAGR of 5.25% from 2024 to 2030, reaching nearly US$ 20.60 billion by 2030.
Multilayer Ceramic Capacitor Market Overview and Scope
The Multilayer Ceramic capacitor (MLCC) is a large and rapidly growing industry, that includes a wide range of applications across various industries. These are electronic components, widely used in devices such as smartphones, tablets, laptops, digital cameras, and gaming consoles. They are also used in industrial equipment, automotive electronics, and medical devices. The market for MLCCs has been growing rapidly due to the increasing demand for electronic devices and the trend towards miniaturization of electronic components. MLCCs have become popular because of their high capacitance, small size, low cost, and reliability. They are also highly compatible with surface mount technology (SMT), which allows for faster and more efficient assembly of electronic circuits. The market has a broad scope which includes a variety of MLCCs, such as high voltage MLCCs, low capacitance MLCCs, and general-purpose MLCCs. The market is expected to continue growing during the forecast period with certain challenges such as supply chain disruptions, geopolitical tensions, and the availability and cost of raw materials.To know about the Research Methodology :- Request Free Sample Report
Multilayer Ceramic Capacitor Market Research Methodology
Both primary and secondary data sources have been utilized for studying the Multilayer Ceramic Capacitor Market. The research includes a thorough examination of all factors that may affect the market, validated through primary research and evaluated to provide valuable conclusions. Variables such as inflation, economic downturns, regulatory and policy changes, and others in the market forecasts for top-level markets and sub-segments have also been factored in. To estimate market size and forecasts, the bottom-up approach has been employed and multiple data triangulation methodologies have been utilized. Weights have been assigned to each segment based on their utilization rate and average sale price to derive percentage splits, market shares, and breakdowns. The country-wise analysis of the market and its sub-segments is based on the percentage adoption or utilization of the given market size in the respective region or country.

To identify the major players in the market, secondary research was conducted based on indicators like market revenue, price, applications, advancements, mergers and acquisitions, and joint ventures. Also, extensive primary research has been conducted to verify and confirm crucial numbers arrived at, after comprehensive market engineering and calculations for market statistics, Multilayer Ceramic Capacitor Market size estimations, market forecasts, market breakdown, and data triangulation. The analysis provided in the report about the external and internal factors that may affect the business positively or negatively, especially post the COVID-19 breakdown how the market has been influenced, will provide decision-makers with a clear futuristic view of the industry. Furthermore, the report offers a clear representation of competitive analysis of key players by price, financial position, growth strategies, and regional presence in the market, making it an investor’s guide.

The secondary research phase involved a thorough synthesis of existing publications across the web to gather meaningful insights on the current situation of the market, technology developments, and any other market-related information. Information has been gathered from various sources including industry and government websites, blogs, magazines, and other publications, scientific papers, journals, and publications, trade information, conference proceedings, and association publications, among others. Apart from that, industry experts across the value chain were pooled in to gather first-hand insights on the market studied, including consultants and freelancers to collaborate on assignments that requires real-time industry insights.

In addition to primary and secondary research, market surveys have also been conducted to gather qualitative insights and opinion of individuals related to the industry. The primary research methods used to prepare this report include industry expert review, personal interview, telephonic interview, collecting responses to surveys and questionnaires through email, surveys through fieldwork, and social media monitoring. Primary research has been used to validate the data points obtained from secondary research and fill the data gaps. Critical insights obtained from primary research have been used to ascertain critical market dynamics, market distribution across various segments, market entry for new companies, and insights into the competitive landscape.
Multilayer Ceramic Capacitor Market Dynamics
Market Drivers

The global Multilayer Ceramic Capacitor (MLCC) industry is being driven by several factors, including the increasing demand for electronic devices and the trend towards miniaturization of electronic components. MLCCs have become popular because of their high capacitance, small size, low cost, and reliability, making them ideal for use in smartphones, tablets, laptops, and other small electronic devices. In addition, the growing adoption of advanced driver-assistance systems (ADAS) in the automotive industry is driving the demand for MLCCs, as these systems require a high number of MLCCs for proper functioning. The increasing demand for electric and hybrid vehicles is also driving the growth of the Multilayer Ceramic Capacitor Market, as these vehicles require a higher number of MLCCs compared to traditional gasoline-powered vehicles. Furthermore, the compatibility of MLCCs with surface mount technology (SMT) allows for faster and more efficient assembly of electronic circuits, offering a significant advantage to manufacturers.

Restraints

Restraints for the market include several factors that could impact Multilayer Ceramic Capacitor Market growth. One of the primary restraints is the potential for supply chain disruptions. The MLCC supply chain is complex and global, with numerous players involved in the production and distribution of these components. Any disruptions in the supply chain could significantly impact market growth. Additionally, geopolitical tensions between countries could impact the availability of raw materials required for the production of MLCCs. The cost and availability of raw materials are also a concern, as ceramic materials used in the production of MLCCs are subject to price fluctuations based on supply and demand. Lastly, MLCCs are susceptible to failures due to factors such as mechanical stress, thermal stress, and voltage stress, which could impact their reliability and increase the cost of maintenance and repair.

Multilayer Ceramic Capacitor Market Opportunities

The global Multilayer Ceramic Capacitor (MLCC) market presents several opportunities for the market leaders as well as the new entrants to leverage upon. The increasing demand for MLCCs in the renewable energy sector is an extremely lucrative opportunity, particularly in wind and solar power applications. MLCCs are crucial components in power electronics and are essential for energy storage and power conversion in renewable energy systems. There is a sharp increase in demand for MLCCs in medical devices which is a great opportunity as it requires high-performance and reliable components, which are fundamental characteristics of MLCCs, making them an ideal choice for medical devices. The growing demand for MLCCs in the Internet of Things (IoT) and 5G applications is also expected to keep rising, requiring high-performance and small-sized electronic components, making MLCCs a suitable choice.

Challenges

Challenges for the global Multilayer Ceramic Capacitor market include several factors that could pose risks to market growth. One of the primary challenges is the highly competitive nature of the market, with numerous players vying for Multilayer Ceramic Capacitor Market share. This could lead to price wars and thin profit margins, which could impact the growth of the market. Additionally, the trend towards miniaturization of electronic components is driving the demand for smaller and more compact MLCCs, which could increase the complexity and cost of production. The rising demand for MLCCs in the automotive sector, driven by the increasing adoption of advanced driver-assistance systems (ADAS) and other automotive electronics, presents both an opportunity and a challenge. Meeting the stringent quality and reliability requirements of the automotive industry could be a challenge for some MLCC manufacturers. Lastly, MLCCs are highly susceptible to failure due to factors such as mechanical stress, thermal stress, and voltage stress, which could impact their reliability and increase the cost of maintenance and repair.
Multilayer Ceramic Capacitor Market Trends
The global Multilayer Ceramic Capacitor (MLCC) industry is experiencing several notable trends that are shaping the industry. One of the primary trends is the increasing demand for MLCCs with high capacitance values, particularly in the automotive industry. This trend is driven by the growing adoption of advanced driver-assistance systems (ADAS) in vehicles, which require a high number of MLCCs with high capacitance values for proper functioning. Another trend in the Multilayer Ceramic Capacitor Market is the growing preference for ultra-small MLCCs, which are ideal for use in miniaturized electronic devices such as smartphones and wearables. The trend towards miniaturization of electronic components is expected to drive the demand for ultra-small MLCCs further. Additionally, the market is witnessing a trend towards the development of MLCCs with higher voltage ratings, which are required for use in industrial and high-power applications. Moreover, manufacturers are investing in research and development to improve the reliability and performance of MLCCs, such as reducing the risk of cracking during assembly and improving the temperature stability of the capacitors.
Multilayer Ceramic Capacitor Market Segment Analysis
The global Multilayer Ceramic Capacitor market is segmented by type, application, end-user industry and region. Based on type, the market is classified into general-purpose MLCCs, high-voltage MLCCs, and low-capacitance MLCCs. The general-purpose MLCCs segment dominates the market, owing to their wide range of applications across various industries. Based on application, the market is segmented into consumer electronics, automotive, industrial equipment, medical devices, and others. The consumer electronics segment is the largest market for MLCCs, driven by the increasing demand for electronic devices such as smartphones, tablets, and laptops. The automotive segment is also a significant application area for MLCCs, driven by the growing adoption of advanced driver-assistance systems (ADAS) and electric vehicles.

Based on end-user industry, the market is segmented into electronics and telecommunication, automotive, aerospace and defence, healthcare, and others. The electronics and telecommunication industry are the largest end-user of MLCCs, driven by the increasing demand for electronic devices and the trend towards miniaturization of electronic components. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific has the largest market share and is expected to grow at the highest rate over the forecast period with the adoption of 5G and EVs.

The detailed report prepared by Maximize has a full analysis on which segment is the most lucrative to invest in and where the Multilayer Ceramic Capacitor business is most likely to see a boom and give high returns, considering all the factors.
Regional Analysis
The global Multilayer Ceramic Capacitor market is analysed on the basis of 5 regions, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific dominates the market, owing to the region's robust manufacturing base, increasing demand for electronic devices, and the presence of key players in the region. China, Japan, and South Korea are major contributors to the growth of the Multilayer Ceramic Capacitor Market in the Asia-Pacific region. North America and Europe are also significant regions for the market, driven by the increasing demand for electric vehicles, advanced driver-assistance systems (ADAS), and the growth of the industrial and healthcare sectors. Latin America and the Middle East and Africa are emerging markets for MLCCs, with increasing investments in infrastructure development and the growth of the electronics and telecommunication industry. The detailed regional analysis in the report provides a comprehensive understanding of the Multilayer Ceramic Capacitor market, enabling investors to identify growth opportunities in different regions and develop region-specific strategies to enhance their market presence.
Multilayer Ceramic Capacitor Market Competitive Analysis
The global Multilayer Ceramic Capacitor market is highly competitive, with numerous players competing for market share. The market is dominated by key players such as Murata Manufacturing Co., Ltd., TDK Corporation, Samsung Electro-Mechanics, and Kyocera Corporation. These companies have a strong global presence, extensive product portfolios, and focus on innovation, research, and development to maintain their market position. The market structure is highly consolidated, with a few key players dominating the Multilayer Ceramic Capacitor Market share.

Mergers and acquisitions have been common in the Multilayer Ceramic Capacitor Market, with companies acquiring other firms to expand their product portfolio and global reach. For example, in 2020, Vishay Inter technology, Inc. acquired KEMET Corporation to expand its capacitor portfolio, including MLCCs. In 2021, Yageo Corporation acquired Chaozhou Three-Circle (Group) Co. Ltd. Yageo, a Taiwan-based electronic component manufacturer, announced the acquisition in February 2021 for approximately $1.8 billion USD. The barriers to entry for new players in the MLCC market are high, given the high capital investment required for research and development, production, and distribution. Additionally, existing players have established brand recognition, distribution networks, and long-standing relationships with customers, making it difficult for new entrants to penetrate the market.
Multilayer Ceramic Capacitor Market Scope: Inquire before buying



Multilayer Ceramic Capacitor Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 14.40 billion


Forecast Period 2024 to 2030 CAGR:
5.25%
Market Size in 2030:
US$ 20.60 billion


 Segments Covered:
by Type
General Purpose MLCCs
High Voltage MLCCs
Low Capacitance MLCCs


by Application
Consumer Electronics
Automotive
Industrial Equipment
Medical Devices
Others


by End-User Industry
Electronics and Telecommunication
Automotive
Aerospace and Defence
Healthcare
Others



Multilayer Ceramic Capacitor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Multilayer Ceramic Capacitor Market Key Players
1. Murata Manufacturing Co., Ltd. (Japan)
2. TDK Corporation (Japan)
3. Samsung Electro-Mechanics Co., Ltd. (South Korea)
4. Taiyo Yuden Co., Ltd. (Japan)
5. Kyocera Corporation (Japan)
6. Yageo Corporation (Taiwan)
7. Walsin Technology Corporation (Taiwan)
8. Vishay Intertechnology, Inc. (United States)
9. KEMET Corporation (United States)
10.AVX Corporation (United States)
11.Rohm Co., Ltd. (Japan)
12.Darfon Electronics Corporation (Taiwan)
13.Chaozhou Three-Circle (Group) Co., Ltd. (China)
14.Chilisin Electronics Corporation (Taiwan)
15.Fenghua Advanced Technology Holding Co., Ltd. (China)
16.Holy Stone Holdings Co., Ltd. (China)
17.Illinois Capacitor, Inc. (United States)
18.Knowles Precision Devices (United States)
19.Nippon Chemi-Con Corporation (Japan)
20.Panasonic Corporation (Japan)
21.Korchip Corporation (South Korea)
22.Exxelia Technologies (France)
23.Johanson Dielectrics, Inc. (United States)
24.Cornell Dubilier Electronics, Inc. (United States)
25.Syfer Technology Limited (United Kingdom)

FAQs

1. How big is the Multilayer Ceramic Capacitor Market?
Ans: Multilayer Ceramic Capacitor Market was valued at US$ 14.40 billion in 2023.

2. What is the potential growth rate of the Multilayer Ceramic Capacitor Market?
Ans: The CAGR of the Multilayer Ceramic Capacitor Market is forecasted at 5.25%.

3. What are the segments for the Multilayer Ceramic Capacitor Market?
Ans: The market is segmented on the basis of 4 broad categories, type, application, end-use industry and region.

4. Which region has the largest market share in the Multilayer Ceramic Capacitor Industry?
Ans: As of 2023, Asia Pacific holds the largest market share (at 40.85%), and it is expected to show the highest growth rate over the forecast period.

5. Is it profitable to invest in the Multilayer Ceramic Capacitor Market?
Ans: For existing players, there is great scope for market penetration and market expansion with a very high growth rate in this market. For new entrants, the market has high entry barriers, however it also has a good scope if the players are able to create a niche and the market is lucrative to invest in.