Multi-Layer Ceramic Capacitor (MLCC) Market Outlook
According to a new report by Expert Market Research titled, “Global Multi-Layer Ceramic Capacitor (MLCC) Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global multi-layer ceramic capacitor (MLCC) market reached a value of nearly USD 9.7 billion in 2023. Aided by the rising demand from various fields of application such as consumer electronics and telecommunications and increasing popularity of smart LCD and LED televisions, the market is projected to further grow at a CAGR of 5% between 2024 and 2032.
Multi-layer ceramic capacitors (MLCCs) are integral components in the electronics industry, fundamentally used for storing and managing electric charge in an electronic circuit. Made using ceramic dielectric materials, MLCCs have become the capacitor of choice for a range of applications, especially where space constraints exist. Their versatility is enhanced by their high-frequency performance, superior temperature stability, and compact form factor, strengthening their position in the realm of electronic devices, ranging from mobile phones to advanced aerospace systems.
One of the pivotal factors driving the multi-layer ceramic capacitor (MLCC) market demand is their significance in the miniaturisation of electronic devices. The tech industry, ever in pursuit of sleeker, more compact gadgets without compromising performance, has fuelled the demand for components like MLCCs. Moreover, the introduction of 5G technology and the proliferation of Internet of Things (IoT) devices have further propelled the need for efficient and compact capacitors, such as MLCCs, to ensure optimal device functionality.
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One of the significant multi-layer ceramic capacitor (MLCC) market trends is the rising inclination towards enhancing the energy efficiency of electronic devices and systems. Given that MLCCs play a pivotal role in stabilising power supply and filtering noises in electronic circuits, they have become an essential component in manufacturing devices that meet the global standards of energy efficiency and performance.
Furthermore, automotive electrification and the adoption of advanced driver-assistance systems (ADAS) have further boosted the multi-layer ceramic capacitor (MLCC) market size. With vehicles becoming more electronic and less mechanical, the need for efficient capacitors that can endure automotive conditions, including temperature fluctuations and vibrations, has grown. MLCCs, with their superior performance metrics, are thus being extensively incorporated in vehicular electronic systems.
The expansion of the renewable energy sector, particularly solar inverters and wind turbines, also favours the multi-layer ceramic capacitor (MLCC) market growth. The push towards sustainable energy solutions necessitates efficient energy storage and conversion systems. MLCCs, with their reliability and efficiency, are progressively being utilised in these energy systems to ensure smooth operations and optimal energy utilisation.
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Multi-Layer Ceramic Capacitor (MLCC) Market Segmentation
The market can be divided based on equipment type, application, and region.
Market Breakup by Equipment Type
- CLASS
- NP0 (C0G)
- P100
- Others (N33, N75)
- CLASS 2
- X7R
- X5R
- Others (Z5U, X7S)
Market Breakup by Application
- Consumer Electronics
- Automotive
- Manufacturing
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global multi-layer ceramic capacitor (MLCC) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Darfon Electronics Corp.
- Kemet Corporation
- Kyocera Corporation
- Murata Manufacturing Co., Ltd.
- Samsung Electro-Mechanics Co., Ltd.
- Taiyo Yuden Co., Ltd.
- Others
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