The global multi-layer ceramic capacitor market size is expected to reach USD 16.77 billion by 2030, registering a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. High resistance and enhanced frequency of these capacitors are expected to drive the demand.
MLCCs are Surface Mounted Device (SMD) type capacitors used in wide ranges of capacitance. MLCCs are extensively used in numerous end-use industries such as electronics and automotive. These capacitors are preferred over other capacitors owing to features such as higher withstanding voltage, higher reliability, and better frequency. Furthermore, MLCCs are widely used in Radio Frequency (RF) applications such as tuner and cellular phones.
With the view of accommodating popular trends in the electronics industry, such as miniaturization, multi-functional applications, and convergence with high frequency applications, MLCC developers are focusing on the development of advanced MLCC varieties in terms of capacitance. Numerous Chinese capacitor manufacturers are investing in machinery upgrade to meet the processing requirements.
MLCC manufacturers are focusing on offering new varieties of ceramic capacitors such as ultra-small capacitors, high volume capacitors, and low Equivalent Series Inductance (ESL) capacitors to meet the varying needs of customers. In addition, manufacturers are heavily investing in R&D activities to develop advanced MLCCs that can withstand the highly competitive market.
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In terms of type, the general capacitor segment accounted for the largest revenue share of 31.0% in 2022.
General capacitors are widely used in several industries owing to their vast benefits in removing noise from the electric circuit and storing electric charge temporarily. These capacitors offer the highest capacitance, excellent DC-bias characteristics, and monolithic structure for high reliability
Electronics end use segment is projected to lead the MLCC market over the forecast period. Increasing adoption of consumer electronics products such as smartphones, televisions, tablets, digital still cameras, and computers is expected to accelerate the demand for MLCCs in the electronics industry
In terms of dielectric type, the Y5V segment is expected to register the highest CAGR of 6.2% over the forecast period
Asia Pacific is expected to continue its dominance and is expected to emerge as the fastest-growing region over the forecast period
Development initiatives and adoption of improved technologies in developing countries such as China, Taiwan, and India are driving production activities in electronics, automotive, and telecommunications industries, thereby creating more demand for MLCCs.
Grand View Research has segmented the global multi-layer ceramic capacitor market based on type, rated voltage range, case size, dielectric type, end-use, and region:
Multi-layer Ceramic Capacitor Type Outlook (Revenue, USD Million, 2017 - 2030)
General Capacitor
Array
Serial Construction
Mega Cap
Others
Multi-layer Ceramic Capacitor Rated Voltage Range Outlook (Revenue, USD Million, 2017 - 2030)
Low Range (Up to 50 V)
Mid-range (100 V - 630 V)
High Range (1000 V & above)
Multi-layer Ceramic Capacitor Case Size Outlook (Revenue, USD Million, 2017 - 2030)
Less than 0603 Inches
0603-1206 Inches
More than 1206 Inches
Multi-layer Ceramic Capacitor Dielectric Type Outlook (Revenue, USD Million, 2017 - 2030)
X7R
X5R
C0G
Y5V
Others
Multi-layer Ceramic Capacitor End-use Outlook (Revenue, USD Million, 2017 - 2030)
Electronics
Automotive
Industrial
Telecommunication
Data Transmission
Others
Multi-layer Ceramic Capacitor Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
United Arab Emirates (UAE)
Saudi Arabia
South Africa
List of Key Players in the Multi-layer Ceramic Capacitor Market
Murata Manufacturing Co., Ltd.
TAIYO YUDEN CO., LTD.
KYOCERA Corporation
YAGEO Group
Walsin Technology Corporation
SAMSUNG ELECTRO-MECHANICS
Future Electronics
TDK Corporation
Vishay Intertechnology, Inc.
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