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Multi-Layer Ceramic Capacitor Market | Automotive-led Expansion
Amidst the electronic components, Multi-Layer Ceramic Capacitors (MLCC) stand out for their critical role in modern technology. Annually, over 2 trillion MLCCs are produced, which makes them indispensable in electronic devices. Thus, their massive adoption prompts evident market growth. In this regard, Triton’s research states that the Global Multi-Layer Ceramic Capacitors Market is estimated to rise at a CAGR of 6.79% over the forecast period 2024-2032.

The Asia-Pacific region stands at the forefront of the automotive sector, led by major South Asian countries housing some of the world’s largest automotive manufacturers, including Toyota, Honda, Hyundai-Kia, and Nissan. Featuring this growth potential, our analysts predict that the Asia-Pacific Multi-Layer Ceramic Capacitor Market to be the fastest-growing region with a 6.96% CAGR during the forecast years 2024-2032.
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Multi-Layer Ceramic Capacitor Market: Prominent Utility in EVs
Our recent report states that, in terms of end-users, the automotive segment is expected to witness a CAGR of 6.82% over the forecast period 2024-2032. One of the main factors driving the demand for MLCC in the automobile industry is the growing popularity of electric vehicles. In fact, the adoption of ceramic capacitors is driven by:
Increasing Demand for Electronic Components in Vehicles: As modern vehicles are highly reliant on electronic components, it directly translates into increased demand for MLCCs. Their incorporation in infotainment systems, engine control units (ECUs), advanced driver-assistance systems (ADAS), and connectivity features, MLCC are vital within these systems.
Miniaturization and Integration: Low-range MLCCs offer high capacitance in a small footprint, making them ideal for applications. As automotive manufacturers strive to make vehicles lighter, more fuel-efficient, and technologically advanced, there is a trend towards miniaturization and integration of electronic components.
Need help decoding the market growth? Connect with our experts for a simplified analysis!
MLCC Market: Government Boosts in the Automobile Sector
Governments in several countries are implementing various strategies to stimulate the growth of the automobile sector, particularly focusing on electric vehicles and smart automotive technologies. Some of these measures include:
Subsidies and Tax Incentives: New Zealand’s objective is to have 35% of new EV registrations by 2035. In parallel with the introduction of EV incentives, the government also implemented a ‘UTE Tax’ of over $5600 on every new UTE sale. This tax is intended to promote and fund the EV incentive scheme.
Investment in Charging Infrastructure: According to Germany Trade & Invest (GTAI), the German government announced a solid investment of about $960 million in July 2023. This amount was bifurcated among private households and assisted companies in creating and installing EV charging infrastructure.
Research and Development Grants: The government in Turkey is providing grants and funding for R&D in advanced automotive technologies, including battery technology, fuel efficiency, and emission reduction technologies, which in turn increases the demand for MLCCs in these applications.
Adherence to Legally Binding Targets: The UK Government has taken a bold step by declaring a ban on the sale of internal combustion engine cars and vans by 2030. This move positions the UK as the first country among the G7 nations to achieve net-zero emissions by 2050.
Latest Budget Allocation: In India, the recent Budget 2024-25 highlights the big boost for Production Linked Incentives (PLI) in the automotive sector. The government announced a massive seven-fold increase of about ₹3,500 crore.
Moving Forward: Innovations Fostering MLCC Adoption
Innovation remains a key driver, with companies continuously working to enhance the performance and reliability of their capacitors. For instance, Murata Manufacturing Co Ltd introduced the world’s smallest and highest capacitance MLCCs, catering to the growing demand for more efficient, reliable, and compact components in all sectors of technology. Other recent innovations made in the market are:
High Capacitance MLCCs: Companies are developing MLCCs with higher capacitance values in smaller sizes, catering to the need for compact yet powerful components in electronic devices.
Improved Temperature Stability: Advances in materials and manufacturing processes have led to MLCCs that offer better performance across a wider range of temperatures, making them suitable for more demanding applications.
Enhanced Reliability: New formulations and layering techniques have resulted in MLCCs with improved reliability and longer lifespans, even under harsh conditions.
Thus, fueled by the relentless demand for EVs, more advanced and efficient electronic devices, and the continuous innovation by manufacturers, sets a promising path for the MLCC market growth. Similarly, with active government policies in various countries, stakeholders within this market aim to transform its potential in the coming years.
Grab a quick read to understand the global analysis of the MLCC market: https://www.tritonmarketresearch.com/pressrelease-details/multi-layer-ceramic-capacitors-market-analysis
FAQs
Q.1) How big is the Multi-Layer Ceramic Capacitor (MLCC) Market? A: The global multi-layer ceramic capacitor market gained $12431.05 million in 2023 and is expected to generate $23863.36 million by 2032.
Q.2) What are the different Multi-Layer Ceramic Capacitor Types? A: The different multi-layer ceramic capacitor types include array, general capacitor, mega-cap, serial construction, and other types.
Q.3) What is the voltage limit of a ceramic capacitor? A: Ceramic capacitors are able to handle high power and high voltages. The power ceramic capacitors are especially recognized for high voltage ratings, which are ranging from 2kV to 100kV.
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Global and Regional Multilayer Ceramic Capacitor (MLCC) Industry Status and Prospects Professional Market Research Report Standard Version 2021-2027
The global Multilayer Ceramic Capacitor (MLCC) market was valued at 1549.99 Million USD in 2020 and will grow with a CAGR of 13.5% from 2020 to 2027, based on our Researcher newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Multilayer ceramic chip capacitors, or MLCCs, are important building blocks in today`s modern electronics and make up approximately 30% of the total components in a typical hybrid circuit module. Multilayer capacitors consist of a monolithic ceramic block with comb-like sintered electrodes. These electrodes come to the surface at the face ends of the ceramic block where an electrical contact is made by burnt-in metallic layers.Multilayer Ceramic Capacitors (MLCCs) have wide range of applications, such as Consumer Electronics, Automotive, Telecommunications, Industrial Machinery, Defense, etc. The Consumer Electronics was the most widely used area which took up about 66.14% of the global total in 2019. By 2026 Consumer Electronics will grow to 4751.3 billion Pcs, from 2999.48 billion Pcs in 2019, with a CAGR of 10.88% in the forecast years (2020-2025). Kyocera (AVX), Samsung Electro, Samwha, Johanson Dielectrics, Darfon, Holy Stone, Murata, MARUWA, Fenghua, Taiyo Yuden, TDK, Nippon Chemi-Con, Vishay, Walsin ,Three-Circle, Tianli, Yageoetc, etc. are the key suppliers in the global Multilayer Ceramic Capacitors (MLCCs) market. Top 5(Murata, Samsung Electro-Mechanics, Taiyo Yuden, Kyocera (AVX) and Walsin) took up 67.94% of the global market in 2019.
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By Market Verdors:
Kyocera (AVX)
Samsung Electro-Mechanics
Samwha
Johanson Dielectrics
Darfon
Holy Stone
Murata
MARUWA
Fenghua
Taiyo Yuden
TDK
Nippon Chemi-Con
Vishay
Walsin
Three-Circle
Tianli
Yageo
NIC Components
By Types:
X7R
X5R
C0G (NP0)
Y5V
By Applications:
Consumer Electronics
Automotive
Industrial Machinery
Defense
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Table of content
Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.4.1 North America Market States and Outlook (2022-2027) 1.4.2 East Asia Market States and Outlook (2022-2027) 1.4.3 Europe Market States and Outlook (2022-2027) 1.4.4 South Asia Market States and Outlook (2022-2027) 1.4.5 Southeast Asia Market States and Outlook (2022-2027) 1.4.6 Middle East Market States and Outlook (2022-2027) 1.4.7 Africa Market States and Outlook (2022-2027) 1.4.8 Oceania Market States and Outlook (2022-2027) 1.4.9 South America Market States and Outlook (2022-2027) 1.5 Global Multilayer Ceramic Capacitor (MLCC) Market Size Analysis from 2022 to 2027 1.5.1 Global Multilayer Ceramic Capacitor (MLCC) Market Size Analysis from 2022 to 2027 by Consumption Volume 1.5.2 Global Multilayer Ceramic Capacitor (MLCC) Market Size Analysis from 2022 to 2027 by Value 1.5.3 Global Multilayer Ceramic Capacitor (MLCC) Price Trends Analysis from 2022 to 2027 1.6 COVID-19 Outbreak: Multilayer Ceramic Capacitor (MLCC) Industry Impact Chapter 2 Global Multilayer Ceramic Capacitor (MLCC) Competition by Types, Applications, and Top Regions and Countries 2.1 Global Multilayer Ceramic Capacitor (MLCC) (Volume and Value) by Type 2.1.1 Global Multilayer Ceramic Capacitor (MLCC) Consumption and Market Share by Type (2016-2021) 2.1.2 Global Multilayer Ceramic Capacitor (MLCC) Revenue and
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Multi-Layer Ceramic Capacitors Market-A Global Analysis
As per the Triton Market Research, the Global Multi-Layer Ceramic Capacitor Market report is segmented by Rated Voltage Range (Low Range, Mid Range, High Range), Type (General Capacitor, Array, Serial Construction, Mega Cap, Other Types), Dielectric Type (X7R, X5R, C0G,Y5V, Other Dielectric Types), End-User (Electronics, Automotive, Industrial, Telecommunication, Other End-Users), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
According to Triton’s research report, the global market for multi-layer ceramic capacitor is estimated to advance with a CAGR of 6.79% in revenue over the forecasting years 2024-2032.

A Multi-Layer Ceramic Capacitor (MLCC) is an electronic component, built with layered ceramic material and metal electrodes. It is primarily used to store and release electrical energy in circuits as it offers a wide range of capacitance values.
MLCCs are used in developing digital circuits and power supplies given their compact size, cost-effectiveness, and temperature stability. Hence, their application plays a vital role in manufacturing and modern electronic design.
Various factors like expansion in consumer electronics sector, increasing demand in the automotive industry, higher adoption of electric vehicles are contributing to the progress of the multi-layer ceramic capacitor market. As EVs become popular, there is a significant rise in the application of MLCCs to support the integrated electrical systems and provide reliable functioning in these vehicles.
Despite the compact solutions offered by MLCCs, there is an increased vulnerability to physical damage Since, the multi-layer ceramic capacitor is extremely sensitive to physical stress, temperature changes, and environment factors, a slight damage during manufacturing or handling poses a significant threat. This raises quality issues and restricts the market growth.
The Asia-Pacific multi-layer ceramic capacitor market is expected to witness the fastest growth in the coming years. With rapid urbanization and fast-phased growth in automobiles industries, government and consumers are now prioritizing the adoption of EVs. Similarly, the shift towards greener technologies, the automotive value chain drives the use of MLCCs.
The prominent entities in the multi-layer ceramic capacitor market are Shenzhen Eyang Technology Development Co Ltd, Spectrum Control, Darfon Electronics Corp, Samsung Electro-Mechanics Co Ltd, Kyocera AVX, Murata Manufacturing Co Ltd, TDK Corporation, Würth Elektronik Group, Taiyo Yuden Co Ltd, Vishay Intertechnology Inc, Walsin Technology Corporation, Knowles Electronics LLC, and Yageo Corporation.
Moreover, the performance advantages offered by multi-layer ceramic capacitor and a firm resistance to abnormal voltages presents an opportunity for the market players. This widens the application of MLCC across multiple electronic products.
#MultiLayerCeramicCapacitorsMarket#MultiLayerCeramicCapacitors#ICT#Semiconductor#TritonMarketResearch#MarketResearchReport
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