Multilayer Ceramic Capacitor Global Market Report 2024

The global multilayer ceramic capacitor market has grown strongly in recent years. It will grow from $10.36 billion in 2023 to $11.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. During the historical period, growth can be attributed to several factors including heightened demand for electronics, the trend toward miniaturization in electronic devices, advancements in consumer electronics, increased industrial automation, greater adoption of renewable energy sources, and advancements in medical device technologies.

The global multilayer ceramic capacitor market is expected to see strong growth in the next few years. It will grow to $15.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. In the upcoming forecast period, growth is expected to stem from the expanding electronics market, the ongoing trend toward automotive electrification, the surge in IoT device usage, and the continuous rise in demand for consumer electronics. Anticipated trends in this period encompass shifts in global economic trends, increased market competition, dynamics within the supply chain, the influence of environmental regulations, and advancements in aerospace electronics.

The anticipated surge in demand from the automotive sector, driven by the increasing adoption of electric vehicles (EVs), is expected to propel the multilayer ceramic capacitors market. Electric vehicles utilize electricity stored in batteries to power their motors, operating without the use of traditional fossil fuels like gasoline or diesel. As the production and sales of EVs escalate, there's a corresponding need for multilayer ceramic capacitors in these vehicles, serving crucial functions with their small-value capacitances. For example, according to the Global EV Outlook 2022 report published in May 2022, global EV sales reached a significant high of 6.6 million units in 2021, doubling from the preceding year. Consequently, the automotive industry's growing demand due to the advent of EVs is poised to drive the multilayer ceramic capacitors market.

The rise in 5G deployment is anticipated to propel growth in the multilayer ceramic capacitor market. 5G, the latest wireless cellular network technology, represents a substantial advancement in telecommunications standards. Multilayer ceramic capacitors (MLCCs) play a pivotal role in the 5G ecosystem, serving as essential components in the infrastructure and devices powering this advanced network. In various applications of 5G technology, including base stations and communication devices, MLCCs demonstrate their significance due to their high capacitance, compact size, and ability to manage high frequencies. For instance, data from an April 2023 article by 5G Americas revealed a 76% increase in global 5G wireless connections, reaching 1.05 billion by the end of 2022. Therefore, the rise in 5G deployment serves as a catalyst for the multilayer ceramic capacitor market.

Technological advancement emerges as a prominent trend in the multilayer ceramic capacitor market. Leading market players focus on integrating innovative technologies into the manufacture of these capacitors, introducing advancements like recyclable materials, miniaturization, and high-temperature capabilities. For instance, in January 2022, TDK Corporation developed recycling technology to repurpose PET films from MLCC production. Typically, leftover PET films require specific processing to enable reuse without additional treatment.

Major companies operating in the multilayer ceramic capacitor market are launching innovative products to maintain market leadership. For instance, in September 2023, TDK Corporation introduced the CN series of multilayer ceramic capacitors, featuring a distinctive structure unprecedented in the industry. Unlike conventional MLCCs, this design allows electric current to pass outside resin layers, reducing electrical resistance. These new MLCCs offer higher capacitances in smaller sizes, reducing parts and enhancing efficiency.

In June 2021, Quantic Electronics, a portfolio company of Arcline Investment Management, acquired Union Technology Corporation (UTC) to expand its capacitor offering and address complex design challenges. UTC specializes in multilayer ceramic capacitor and assembly design, research, and manufacturing.

Major companies operating in the multilayer ceramic capacitor market report are Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., Yageo Group, Walsin Technology Corporation, Kyocera Corporation, TDK Corporation, Vishay Intertechnology Inc., Samwha Capacitor Co. Ltd., Nippon Chemi-Con Corporation, Darfon Electronics Corp., MARUWA Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., API Technologies Corp., AVX Corporation, Ceramic Substrates & Components Ltd., Chaozhou Three-Circle (Group) Co. Ltd., Chilisin Electronics Corp., Dearborn Electronics Pvt. Ltd., Delta Electronics Inc., Exxelia Alcon Electronics Pvt Ltd., Faratronic Co. Ltd., Holy Stone Enterprise Co. Ltd., KEMET Corporation, KOA Corporation, NIC Components Corp., Novacap Investments Inc., Presidio Components Inc., RFMW Ltd.

Europe was the largest region in the multilayer ceramic capacitor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multilayer ceramic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the multilayer ceramic capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of multilayer ceramic capacitors are categorized as class 1 and class 2. Class I capacitors are crafted from ceramic materials insensitive to temperature variations. They excel in applications requiring high stability and minimal losses. These capacitors exhibit remarkable accuracy concerning applied voltage, temperature, and frequency, ensuring steady capacitance values. They encompass voltage ranges spanning from low (up to 50V), mid (100V to 630V), to high (1000V and above), catering to consumer electronics, automotive, manufacturing, healthcare, and diverse industrial applications.

This report provides multilayer ceramic capacitor market statistics, including multilayer ceramic capacitor industry global market size, regional shares, competitors with a multilayer ceramic capacitor market share, detailed multilayer ceramic capacitor market segments, market trends, and opportunities, and any further data you may need to thrive in the multilayer ceramic capacitor industry. This multilayer ceramic capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The multilayer ceramic capacitor market consists of sales of capacitor types such as NP0 (C0G), P100, N33, and N75 and class 2 equipment including X7R, X5R, Y5V, Z5U, and X7S. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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