Multilayer Ceramic Capacitor Market: Continuous Innovation Is Pushing the Boundaries of Multilayer Ceramic Capacitor Performance

The Multilayer Ceramic Capacitor Market size was valued at USD 14.40 Billion in 2023 and the total Multilayer Ceramic Capacitor Market revenue is expected to grow at a CAGR of 5.25% from 2024 to 2030, reaching nearly USD 20.60 Billion.

Definition scope: Multilayer Ceramic Capacitor

A multilayer ceramic capacitor (MLCC) is a type of capacitor that utilizes several layers of ceramic material stacked together to store electrical charge. It is made of alternating layers of a ceramic dielectric material, typically barium titanate, and thin metal electrodes. It is an electronic part that temporarily stores an electrical charge.
Multilayer Ceramic Capacitor Market Overview:
Multilayer ceramic capacitor market growth is driven by requirement of compact and high-performance capacitors in the electronics devices like smartphones, tablets, and wearables, adoption of 5G technology, and demand for electrification of transportation. Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Samsung Electro-Mechanics Co., Ltd. (South Korea), KEMET Corporation (U.S.), Vishay Intertechnology, Inc. (U.S.), AVX Corporation (U.S.) and Hon Hai Precision Industry Co., Ltd. (Taiwan) are prominent key players operating in the multilayer ceramic capacitor Industry. Large companies have reputation and they have the best grade, quality and multilayer ceramic capacitor products to offer. Key players are facing competition in each of their product categories and subcategories. The competition in the market is based on product quality, brand recognition, brand loyalty, price, product innovation, promotional activity, and availability. Large manufacturers are focusing on the usage brand specific websites to engage consumers with technical specification, usage information related application data. The report has covered the detail analysis of key players operating in the multilayer ceramic capacitor market with the company overview, headquarters, revenue data, product description, business strategy, SWOT analysis and recent developments by company related to multilayer ceramic capacitor.

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The multilayer ceramic capacitor industry is a booming sector with a wide reach. The tiny electronic components are essential for countless devices, from smartphones and laptops to industrial equipment and medical devices. The high capacitance, compact size, affordability, and reliability are some of the driving features, which are expected to increase the demand for multilayer ceramic capacitor. It is ideal for modern manufacturing techniques like surface mount technology, which streamlines the assembly process. In the market, variety of multilayer ceramic capacitors like high voltage multilayer ceramic capacitor, low capacitance MLCCs, and general-purpose multilayer ceramic capacitors are available.

Asia Pacific region is projected to be leading position in the global multilayer ceramic capacitor market. The presence of the end-user industries like electronics, automotive, and healthcare sectors in the developing economies as China, India, South Korea, Taiwan, and high adoption rate of consumer electronics products are some of the prominent factors behind the multilayer ceramic capacitor market growth. Key players from different sector are focusing on the shifting their production unit to the Asia Pacific because of the availability of the cheap labor and drastically increasing economic growth rate and manufacturing industries. The booming electric vehicle (EV) and the development of advanced driver-assistance systems are increasing the demand for multilayer ceramic capacitor in North America.

The global multilayer ceramic capacitor market growth is driven by like increasing demand for electronic devices and the trend towards miniaturization of electronic components. The multilayer ceramic capacitor 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 multilayer ceramic capacitor 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 multilayer ceramic capacitor over traditional gasoline-powered vehicles. Furthermore, the compatibility of multilayer ceramic capacitor with surface mount technology allows for faster and more efficient assembly of electronic circuits, offering a significant advantage to manufacturers.

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. Murata Manufacturing Co., Ltd. is leading global electronics manufacturer with a strong presence in the multilayer ceramic capacitor market. Maruwa ensures proximity to customers and market responsiveness. Company expansive footprint enables them to forge strong partnerships and cater to diverse industries, including automotive, telecommunications, semiconductor, and lighting. Leading companies are continuously investing in research and development (R&D) to create multilayer ceramic capacitor with higher capacitance, smaller footprints, and improved performance characteristics.
Multilayer Ceramic Capacitor Market Research Methodology:
Maximize market research process involves the data analysis, which gathers from diverse market participants and client sources. It helps to gain a holistic perspective on multilayer ceramic capacitor product technology. We analyse historical data and market trends to understand the overall size and growth trajectory of the multilayer ceramic capacitor market. We have researched specific product segments like high-voltage or low-capacitance multilayer ceramic capacitor product to assess their individual demand scenarios. We have conducted formal surveys with industry experts, manufacturers, and distributors to gather quantitative data on production, sales, and market trends and also analysed qualitative insights by market sentiment, customer preferences, and emerging technologies. We have validated our findings from surveys and interviews by cross-referencing them with data from market research reports, government statistics, and industry publications.

Maximize Research Process Steps:



The research input sources involved the study of different business factors that affecting the industry like market environment, competitive landscape, historical data, present trends in the market, technological development and upcoming technologies and the technical progress in electronics industry, and dynamics factors as drivers, restraints, challenges and opportunities. Top-down and bottom-up approaches are used to validate the market size and to estimate the numbers by different segments. The percentage splits, market shares, and breakdowns of the segments are derived on the basis of weightages assigned to each of the segments on multilayer ceramic capacitor product utilization rate and average sale price. Key Players operating in the multilayer ceramic capacitor market are identified through secondary research and their market revenues have collected through respective source data like primary or secondary source (Annual reports or financial highlights from their website).

We have also collected data some of the authentication sources, which are providing data about the market scenario, market numbers like Electronics products and business Associations in main five regions like North America, Europe, Asia Pacific, Middle East & Africa and South America. We have collecting data from Association of electronics design India, Singapore, Thailand, China. Consumer Electronics Association, American electronics association. In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information. The data has been consolidated after the integration and data collection through primary and secondary research method. The qualitative and quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Multilayer Ceramic Capacitor Market Dynamics:
The deployment of 5G technology is creating a demand for high-performance multilayer ceramic capacitors.

5G devices like smartphones are expected to support a wider range of functionalities compared to 4G. includes features like advanced augmented reality (AR), virtual reality (VR), and high-definition video streaming. The features require faster processing and data transfer, putting additional strain on the electronic components within the device. High-performance multilayer ceramic capacitor is required to ensure these functions work smoothly. The deployment of 5G networks has significantly increased the demand for multilayer ceramic capacitors. As manufacturers strive to create compact and sleek 5G devices, there's a growing need for smaller multilayer ceramic capacitors. It is expected to lead to advancements in multilayer ceramic capacitors manufacturing techniques, and also enabling the production of high-capacitance multilayer ceramic capacitors in minuscule sizes. 5G applications operate at higher frequencies are expected to increase the demand for multilayer ceramic capacitor with special characteristics. It includes high capacitance, low equivalent series resistance (ESR), and excellent temperature stability. The widespread adoption of 5G technology is driving the evolution in multilayer ceramic capacitor, and making them smaller, efficient, and better equipped to fulfil the demands of next-generation electronics.

The rise of electric vehicles (EVs) is a major force driving the use of multilayer ceramic capacitors in the automotive industry.

Modern vehicles are manufactured with electronic features, from advanced driver-assistance systems (ADAS) to complex infotainment units and electric powertrains. The automotive segment is projected to be the fastest-growing sector in the multilayer ceramic capacitor market. The increasing adoption of electronics and the rise of EVs are expected to drive the demand for specialized automotive-grade multilayer ceramic capacitor. It handles the high frequencies used in modern automotive electronics. Electrical vehicles are heavily relied on complex power electronics systems, which helps to manage the flow of high-voltage electricity from the battery pack to the electric motor and other vehicle components. Key components within power electronics systems include inverters, DC-DC converters, and on-board chargers, which requires multilayer ceramic capacitor to function effectively. Electrical vehicle power electronics generate significant heat. Automotive-grade multilayer ceramic capacitor helps to withstand high operating temperatures while maintaining stability and reliability. The demand for multilayer ceramic capacitor in EVs is driving the development of new and improved multilayer ceramic capacitor technologies with the features like higher capacitance, improved thermal performance and higher voltage ratings.

Miniaturization is creating a new path for Multilayer Ceramic Capacitor Industry.

Now-a-days, electronics products are becoming increasingly smaller and drive in more functionality. Miniaturization is a major force shaping the future of the multilayer ceramic capacitor market. The smaller electronic devices are pushing multilayer ceramic capacitor manufacturers to innovate and develop more compact capacitors. Advancements in materials and manufacturing techniques are enabling the creation of multilayer ceramic capacitor with incredibly thin ceramic layers while maintaining high capacitance. New materials with higher dielectric constants are expected to explore to achieve more capacitance in smaller packages. Miniaturization allows for the inclusion of multilayer ceramic capacitor in a wider range of devices. Smartwatches, fitness trackers, and other wearables require tiny yet powerful capacitors. Miniaturized multilayer ceramic capacitor are vital for their functionality. The explosion of connected devices necessitates compact and efficient capacitors like miniaturized multilayer ceramic capacitor. increasing demand for miniaturized electronics is driving the growth of multilayer ceramic capacitor market. An increase in the demand for compact electronic devices in the end-user industries like consumer electronics, healthcare, and automotive, semiconductor is expected to boost the multilayer ceramic capacitor production. Key players operating in the multilayer ceramic capacitor market are focusing on the miniaturization of the electronics products. Miniaturization is the one of the key elements for modern consumer products. The miniaturization is brining convergence of computer, communication and consumer electronics, with many new opportunities for product innovations.

Supply Chain Disruptions is one of the challenges facing the industry Multilayer Ceramic Capacitor Market.

Supply chain disruptions are a major challenge facing the multilayer ceramic capacitor industry. Geopolitical tensions, natural disasters, and other unforeseen events can disrupt the flow of raw materials or finished multilayer ceramic capacitor. It is expected to lead to shortages, impacting production and causing delays for manufacturers who rely multilayer ceramic capacitors. The industry sector is expected to witness more disruption in the manufacturing sector. The disruptions in the manufacturing sector are expected to lead to losses in the market share and the brand reputation of the manufactured products.
Multilayer Ceramic Capacitor Market Segmentation Insight:
By type, multilayer ceramic capacitor market is segmented into general capacitor, array, serial construction, mega cap and others. The general-purpose capacitors held the dominant position in the global multilayer ceramic capacitor market with a share of more than 40%. It is used in a wide range of electronic applications, including consumer electronics, automotive electronics, industrial equipment, and telecommunications. general-purpose capacitors offer a balance between performance and price, making them a suitable choice for many applications. Array type of multilayer ceramic capacitor combines multiple multilayer ceramic capacitors into a single unit, simplifying circuit design and reducing board space. They are used in applications requiring high capacitance or space constraints, like laptops, game consoles, and LCD modules. Serial construction capacitors Connects several multilayer ceramic capacitors internally in series to achieve a higher voltage rating compared to a single capacitor. Mega cap is a high-capacitance multilayer ceramic capacitor specifically designed to store more electrical charge and cater to growing demand for miniaturization while maintaining high capacitance, finding use in power supplies, and electric vehicles.

Based Rated Voltage, multilayer ceramic capacitor market is segmented into Low Range (Up to 50 V), Mid-range (100 V - 630 V) and High Range (1000 V & above). The Low Range (Up to 50 V) capacitors are suitable for low-voltage applications like consumer electronics (smartphones, laptops), portable devices, and low-power circuits. They are the most widely used type because of abundance of low-voltage devices and their compact size. Low Range (Up to 50 V) capacitors held the dominant share in the market with share of more than 46.7% in 2023. Mid-range (100 V - 630 V) capacitors offer a balance between voltage handling and size. They are used in various applications like power supplies, industrial equipment, and some automotive electronics. They find a good balance between voltage needs and practicality for many electronic systems. High Range (1000 V & above) capacitors are used in applications with high voltage requirements, such as inverters, switched-mode power supplies, lighting ballasts, and high-voltage DC power transmission systems.



By end user, multilayer ceramic capacitor market is segmented into electronics and telecommunication, automotive, aerospace and defence, consumer electronics and others. The electronics and telecommunication sector includes a vast range of devices, including smartphones, laptops, tablets, televisions, servers, routers, and network equipment. Many electronic devices require multilayer ceramic capacitor for various functions like filtering, noise suppression, and energy storage. The electronics and telecommunication industry are constantly evolving, with new devices and functionalities emerging. The continuous innovation requires the use of advanced multilayer ceramic capacitor with higher capacities and smaller sizes to keep pace with miniaturization trends. electronics and telecommunication sector held the more than 32% in 2023 and is expected to grow at a high rate of CAGR during the forecast period. Multilayer ceramic capacitors are essential passive components widely used in electronics and telecommunication sectors because of their unique properties. It is used in decoupling and filtering, power supply circuits, and high-frequency applications. In the power circuit, multilayer ceramic capacitor act as mini energy reservoirs, smoothing out fluctuations in voltage caused by sudden changes in current draw. It also helps to prepare signals for transmission by filtering out noise and shaping the signal for optimal performance. It ensures efficient transfer of signals between different components with varying impedances, diminishing signal reflections and distortions.
Multilayer Ceramic Capacitor Market Regional Insight:
Asia-Pacific region held 40.55% share in the global multilayer ceramic capacitor market and is projected to be continue its dominance position during the forecast period. Asia Pacific is home to major electronics manufacturing hubs in China, Japan, and South Korea. Developing countries are producing a vast amount of electronics, that creating a high internal demand for multilayer ceramic capacitor to meet their production needs. Some Asian governments are actively supporting domestic electronics manufacturing through subsidies and infrastructure development. The favourable environment for multilayer ceramic capacitor is expected to boost production and consumption. Leading MLCC manufacturers like Murata (Japan), TDK (Japan), Yageo (Taiwan), and Samsung (South Korea) have their production plants and manufacturing centers. China's booming consumer electronics products like smartphones, laptops, and other devices market are expected to increase the demand for multilayer ceramic capacitor.



Chinese government policies promoting domestic electronics manufacturing and technological advancements that boost the production of multilayer ceramic capacitor in China. Japanese companies like Murata and TDK are global leaders in MLCC technology are well known for high-quality, advanced capacitors. Japanese multilayer ceramic capacitors are renowned for their reliability, consistency, and ability to meet demanding performance specifications. Rising competition from cost-effective Chinese manufacturers puts pressure on profit margins of Japanese companies. In India, government Initiatives like "Make in India" promote domestic electronics manufacturing, and creating a favourable environment for multilayer ceramic capacitor production. The India multilayer ceramic capacitor industry needs investments in modern production facilities and R&D to compete with established players. The detail regional analysis of the multilayer ceramic capacitor market has covered in the report.
Multilayer Ceramic Capacitor Market Scope: Inquire before buying



Global 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 Bn.


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


 Segments Covered:
by Type
General Capacitor
Array
Serial Construction
Mega Cap
Others


by Dielectric Type
COG
X8G
U2J
X7R
X5R
Y5V
X7S
Others


by Rated Voltage
Low Range (Up to 50 V)
Mid-range (100 V - 630 V)
High Range (1000 V & above)


by End-User
Electronics and Telecommunication
Automotive
Aerospace and Defense
Consumer Electronics
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)
Global Multilayer Ceramic Capacitor Market, Key players:
1. Vishay Intertechnology, Inc. (United States)
2. KEMET Corporation (United States)
3. KYOCERA AVX Components Corporation
4. Illinois Capacitor, Inc. (United States)
5. Knowles Precision Devices (United States)
6. Johanson Dielectrics, Inc. (United States)
7. Cornell Dubilier Electronics, Inc. (United States)
8. darfon electronics corporation (United States)
9. Syfer Technology Limited (United Kingdom)
10. Murata Manufacturing Co., Ltd. (Japan)
11. TDK Corporation (Japan)
12. Samsung Electro-Mechanics Co., Ltd. (South Korea)
13. Taiyo Yuden Co., Ltd. (Japan)
14. Kyocera Corporation (Japan)
15. Yageo Corporation (Taiwan)
16. Walsin Technology Corporation (Taiwan)
17. Rohm Co., Ltd. (Japan)
18. Holy Stone Holdings Co., Ltd. (China)
19. Nippon Chemi-Con Corporation(Japan)
20. Samwha Capacitor
21. Viiyong (CHINA)
22. Chaozhou Three-Circle Group Company
23. Dalicap Technology
24. Viking Tech
25. Fujian Torch Electron Technology Company

FAQs:
1. Which regions are leading in the adoption of Multilayer Ceramic Capacitor?
Ans: Asia Pacific region held the dominant position in the adoption of Multilayer Ceramic Capacitor.

2. What trends are shaping the future of the Multilayer Ceramic Capacitor market?
Ans. Miniaturization and High Capacitance, Rising Demand from Automotive and Telecommunication Sectors, Focus on Reliability and Performance are some of the trends that shape the future of the multilayer ceramic capacitor market.

3. What is the projected market size & and growth rate of the Multilayer Ceramic Capacitor Market?
Ans. The Multilayer Ceramic Capacitor Market size is expected to grow at a CAGR of 5.25% from 2024 to 2030, reaching nearly USD 20.60 Billion in 2030.

4. What segments are covered in the Multilayer Ceramic Capacitor Market report?
Ans. The segments covered in the Multilayer Ceramic Capacitor Market report are Type, Dielectric Type, End User and Rated Voltage.

5. How do market dynamics such as supply and demand fluctuations affect Multilayer Ceramic Capacitor prices?
Ans: Limited availability of high-quality Dielectric Types, fluctuations in consumer demand, economic conditions, and currency fluctuations are expected to impact prices, leading to volatility in the Multilayer Ceramic Capacitor market.