Multi-Layer Ceramic Capacitor Market Overview, 2025-30

Multi-layer ceramic capacitors (MLCCs) are multilayered capacitors made of alternating layers of ceramic and metal. These capacitors possess low impedance values at high operating frequencies, making them suitable for use in electronic devices for noise suppression. The increasing demand for MLCCs in high-specification gadgets such as smartphones and tablets is expected to drive the market. Also, its growing demand in various application areas, such as consumer electronics, data processing, and telecommunications, is driving the market growth.

Multilayer ceramic capacitors are widely used in indoor wireless access points, automobile electronic control units, digital cameras, and PC servers, further adding to the growth prospects of the multilayer ceramic capacitor market. However, the fact that MLCCs must be handled with the utmost care, as ceramic is prone to physical damage, could be a challenge for market growth. MLCCs offer lower impedance and lower resistance values at higher operating frequencies. These characteristics make MLCCs ideal for use in electronic devices for noise compression.

The growing demand for MLCCs from the electronics industry, particularly for use in high-specification gadgets such as smartphones, tablets, smart TVs, and video cameras, is expected to propel the growth of the global market. For instance, in May 2023, Murata Manufacturing Co., Ltd. introduced their latest GRM series MLCCs. The new variant addresses the increasing demand for advanced components that combine high capacitance levels, compact sizes, and improved temperature performance. The COVID-19 pandemic disrupted global production networks, temporarily halting manufacturing operations and causing significant delays in supply chains. Although demand for electronic devices surged during the pandemic, especially for laptops, tablets, and medical equipment, supply constraints led to inventory backlogs and price hikes.

According to the research report, "Global Multi - Layer Ceramic Capacitor Market Overview, 2030," the Global Multi - Layer Ceramic Capacitor market was valued at more than USD 15.62 Billion in 2024, with the CAGR of 13.53% from 2025-2030. The automotive industry is one of the major end users of MLCCs. In recent years, automotive-grade MLCCs have gained popularity, which is predicted to fuel the entire MLCC market's growth. The increasing deployment of electronic devices in automobiles, such as engines, powertrains, and infotainment systems, is accelerating the demand for multilayer ceramic capacitors. In fact, the number of MLCCs required in ADAS and EVs is much higher than in vehicles that run on petroleum and gases.

As cars transition from internal combustion engines (ICEs) to battery electric vehicles (BEVs), the number of MLCCs employed increases, frequently by more than five times. BEVs are projected to use more than ~10,000 MLCCs. For example, BEV manufacturer TESLA’s (US) Model 3 car has over 9,000 MLCCs, and its Model S and X have over 10,000 MLCCs each. TAIYO YUDEN designs, manufactures, and sells electronic components for use in a variety of electronic devices such as smartphones and other communication devices, automobiles, information infrastructure, and industrial equipment. The company has advanced technological capabilities and continues to manufacture the world's smallest MLCC (0.25 ×0.125 mm) and supply its products globally.

The advent of the Internet of Things (IoT) is generating a plethora of market prospects. Because of their inherent reliability and long service life, high-capacitance MLCCs are a perfect solution for IoT devices. MLCCs have a proven mean time to failure (MTTF) ranging from 10,000 to over 1,000,000 hours and offer low equivalent series resistance (ESR) and inductance (ESL). According to GSMA Mobile Economy 2021, the total number of IoT connection in North America alone is expected to reach 5.1 billion by 2025. According to GSMA Mobile Economy 2021, in terms of multilayer ceramic capacitor demand for IoT devices, North America is expected to lead the multilayer ceramic capacitor market through 2025.

Market Drivers

• Rising Demand in Automotive Electronics: One of the most prominent drivers of the global MLCC market is the increasing adoption of electronic components in modern vehicles, especially electric vehicles (EVs) and advanced driver-assistance systems (ADAS). MLCCs are essential in automotive systems for voltage regulation, noise filtering, and signal processing. As vehicles become more connected and autonomous, they require thousands of capacitors per unit. Additionally, government mandates for electrification and safety are accelerating the integration of electronics in vehicles, thereby boosting the demand for high-reliability MLCCs that can withstand high temperatures and harsh environments.
• Growth in Consumer Electronics and IoT Devices: The proliferation of smartphones, tablets, laptops, wearables, and smart home devices continues to drive demand for compact and high-performance MLCCs. These capacitors are used extensively in consumer electronics due to their small size, high capacitance, and reliability. Moreover, the rise of IoT ecosystems and 5G network deployment is pushing device miniaturization and functionality, increasing the number of MLCCs used in each device. This widespread demand across multiple consumer verticals remains a cornerstone for market expansion.

Market Challenges

• Supply Chain Disruptions and Raw Material Shortages: The MLCC industry is heavily dependent on rare earth materials such as barium titanate and palladium. These raw materials are subject to geopolitical risks and price volatility, especially as a significant portion of the supply comes from a few countries. Additionally, global supply chains were severely disrupted during the COVID-19 pandemic, leading to shortages and increased lead times. Although the industry is recovering, vulnerabilities in sourcing and logistics remain a critical bottleneck for manufacturers and OEMs.
• Technological Limitations in High-Capacitance, Miniature MLCCs: As device manufacturers demand even smaller and more powerful capacitors, producing MLCCs that meet both high-capacitance and high-reliability requirements at micro scales becomes increasingly difficult. Technical barriers such as layer thinning, dielectric strength limitations, and thermal performance issues pose significant engineering challenges. The need for innovation in material science and manufacturing precision adds to the cost and complexity, particularly in high-frequency and automotive-grade applications.

Market Trends

• Shift Toward High-End MLCCs and Miniaturization: A notable trend in the MLCC market is the increasing demand for high-capacitance, high-voltage, and temperature-resistant variants. Manufacturers are focusing on miniaturized MLCCs that can pack more layers in a smaller footprint without compromising performance. This is particularly crucial for smartphones, wearable devices, and compact medical equipment. Additionally, advancements in multilayering technology and materials are enabling the production of capacitors with enhanced electrical properties and longer lifespans.
• Regional Diversification and Onshoring Strategies: In response to geopolitical tensions and supply risks, many MLCC manufacturers are diversifying their production footprints. Companies are expanding capacities in Southeast Asia, India, and Eastern Europe while reducing over-reliance on East Asian markets like China and Japan. There is also a trend of onshoring or nearshoring manufacturing activities to improve supply chain resilience. These strategic shifts are influencing regional dynamics in production capabilities, investment, and technological partnerships.

The Mega Cap type is the fastest growing in the global multilayer ceramic capacitor (MLCC) industry due to the surging demand for high-capacitance, high-reliability components in electric vehicles (EVs), 5G infrastructure, and advanced industrial electronics.

The rapid growth of the Mega Cap MLCC segment globally is primarily driven by the accelerating integration of high-capacitance electronic components in next-generation applications such as electric vehicles, renewable energy systems, 5G base stations, and advanced data centers. These capacitors offer significantly higher capacitance values while maintaining a compact size, making them ideal for managing large current flows, voltage regulation, and filtering noise in complex electronic circuits.

In the automotive sector, particularly with the global shift toward electric mobility and autonomous driving technologies, Mega Cap MLCCs are vital for powertrain electrification, battery management systems, inverters, onboard chargers, and advanced driver-assistance systems (ADAS). Their ability to withstand harsh environmental conditions, offer high thermal stability, and maintain reliability under high voltage and temperature ranges makes them indispensable in EV architecture. Simultaneously, the rollout of 5G networks and cloud computing infrastructure has escalated the need for components that can support high-frequency, high-speed data transmission while ensuring signal integrity - functions that Mega Cap MLCCs are well-suited to deliver.

These capacitors support baseband processing, RF modules, and network servers where high-capacitance density is critical for minimizing board space without compromising performance. Additionally, industrial automation and high-end consumer electronics like AR/VR devices, smart wearables, and high-resolution displays are contributing to the heightened demand for high-capacity MLCCs. The miniaturization trend in electronics further fuels this demand, as Mega Cap MLCCs help reduce the overall component count while enhancing device efficiency.

The automotive end-user segment is the fastest growing in the global multilayer ceramic capacitor (MLCC) industry due to the rapid electrification of vehicles and the integration of advanced electronic systems for safety, efficiency, and connectivity.

As electric vehicles (EVs) and hybrid electric vehicles (HEVs) gain market traction worldwide, the demand for MLCCs has surged exponentially due to their indispensable role in handling power conversion, energy storage, noise filtering, and voltage regulation in complex automotive electronics. A single EV can require thousands of MLCCs - often ten times more than an internal combustion engine (ICE) vehicle - due to its reliance on high-capacitance, high-reliability components to support systems such as battery management, inverters, onboard chargers, and motor drives.

Furthermore, the increasing deployment of advanced driver-assistance systems (ADAS), infotainment solutions, navigation, digital instrument clusters, and vehicle-to-everything (V2X) communication is adding layers of complexity and electronic density inside modern vehicles, boosting MLCC consumption. These capacitors are preferred for their compact size, long-term durability, thermal stability, and ability to operate under high-frequency and high-voltage conditions - attributes that align with automotive-grade reliability standards such as AEC-Q200. In October 2023, Murata Launched the World’s Smallest and Thinnest 1µF as LW reversed MLCC for the automotive industry.

The components feature a reversed termination for low ESL and are in a world-first 0.18mm profile package. The footprint is just 0.5 x 1.0mm for 1µF capacitance, making the parts the smallest in the market. Governments across regions are enforcing stricter emissions norms and incentivizing EV adoption, which in turn propels automakers to accelerate their transition toward electric and smart mobility, expanding the MLCC addressable market within the industry. Simultaneously, autonomous driving development is further amplifying the electronics load in vehicles, requiring capacitors that can support advanced computation, sensor data fusion, and fail-safe operations.

The “Less than 0603 Inches” case size type is the fastest growing in the global multilayer ceramic capacitor (MLCC) industry due to the accelerating trend of electronic miniaturization in consumer electronics, automotive, and industrial applications.

The growing dominance of MLCCs with case sizes smaller than 0603 inches in the global market is largely fueled by the ongoing miniaturization of electronic devices across multiple high-demand industries, particularly consumer electronics, automotive systems, and industrial automation. As manufacturers race to produce thinner, lighter, and more compact gadgets - such as smartphones, tablets, smartwatches, wearable health monitors, and AR/VR equipment - the need for tiny yet high-performance components becomes increasingly critical. Smaller MLCCs allow more components to fit within limited board space without compromising functionality, enabling enhanced performance, power efficiency, and device complexity.

This trend is not limited to consumer electronics; automotive applications, especially electric and hybrid vehicles, are embracing miniaturized capacitors to manage space constraints while supporting high-density electronic functions in powertrain systems, infotainment, ADAS, and battery management units. These mini capacitors also play a vital role in medical electronics, defense systems, and IoT devices, where component miniaturization is essential for portability, precision, and system integration.

Additionally, manufacturers are adopting advanced fabrication technologies such as ultra-thin dielectric layers and higher-layer stacking to increase the capacitance of these smaller MLCCs, ensuring they deliver performance comparable to larger counterparts. This has enabled the adoption of sub-0603 MLCCs in circuits that previously depended on bulkier parts.

Furthermore, the rollout of 5G infrastructure and edge computing devices has increased the demand for high-speed, compact components that can maintain signal integrity at higher frequencies, a capability met effectively by smaller MLCCs. As environmental and energy efficiency regulations tighten globally, manufacturers are pressured to deliver smaller, lighter, and more energy-efficient products, reinforcing the shift toward sub-miniature MLCCs.

The High Range (1000 V & above) voltage type is the fastest growing in the global multilayer ceramic capacitor (MLCC) industry due to the rising demand for high-voltage stability and reliability in electric vehicles, renewable energy systems, and industrial power electronics.

The increasing demand for MLCCs in the high-voltage range of 1000 V and above is being propelled by the global shift toward electrification and energy-intensive applications, particularly in sectors like electric vehicles (EVs), renewable energy, and heavy-duty industrial equipment. In EVs, high-voltage MLCCs are indispensable in traction inverters, onboard chargers, DC-DC converters, and battery management systems, where they ensure safe and efficient power handling in high-voltage architectures that can exceed 800V.

The ongoing advancement of EV platforms and the growing adoption of fast charging technologies are further intensifying the need for capacitors that can operate reliably at elevated voltages and temperatures, which makes high-voltage MLCCs crucial to vehicle safety and performance. Simultaneously, the rapid expansion of solar and wind power installations has led to an increased reliance on high-voltage MLCCs in inverters, converters, and grid-interfacing systems, where they regulate voltage fluctuations and protect sensitive components from power surges.

Industrial automation and robotics also require robust MLCCs capable of withstanding voltage spikes in motor drives and power distribution modules, especially as factories transition toward Industry 4.0. These applications demand capacitors with exceptional dielectric strength, thermal resistance, and long-term durability, all of which are offered by high-voltage MLCCs.

Additionally, the deployment of high-voltage MLCCs is being supported by technological innovations such as improved ceramic dielectric materials, multilayer stacking techniques, and enhanced electrode structures, enabling manufacturers to meet the voltage and reliability needs without increasing component size. The ability to deliver compact, high-performance capacitors is particularly important in space-constrained applications where design flexibility and circuit miniaturization are essential.

The Asia Pacific region is experiencing significant growth in the global multilayer ceramic capacitor (MLCC) industry due to its dominant electronics manufacturing ecosystem, led by countries like China, Japan, South Korea, and Taiwan.

Asia Pacific's remarkable growth in the global MLCC market can primarily be attributed to its well-established and continually expanding electronics manufacturing base. Countries such as China, Japan, South Korea, and Taiwan serve as global hubs for consumer electronics, automotive electronics, industrial equipment, and telecommunications infrastructure - each of which represents a major end-use sector for MLCCs. China, in particular, plays a crucial role as both a leading manufacturer and a massive consumer of smartphones, laptops, televisions, and other connected devices that rely heavily on multilayer ceramic capacitors for miniaturized, high-performance circuit designs.

Additionally, the strong presence of global and regional giants like Murata Manufacturing, Samsung Electro-Mechanics, TDK Corporation, Taiyo Yuden, and Yageo Corporation gives Asia Pacific a competitive edge in terms of innovation, production scalability, and cost-efficiency. These firms not only lead in terms of volume but also invest heavily in R&D to support the evolution of advanced MLCCs tailored for 5G, IoT, electric vehicles (EVs), and industrial automation, all of which are growing exponentially in the region.

Moreover, government initiatives and policies promoting digitalization, electric mobility, and semiconductor self-sufficiency, such as China's "Made in China 2025" and India’s “PLI Scheme” for electronics further encourage MLCC production and consumption within the region. The surge in EV manufacturing and adoption, particularly in China and South Korea, is another strong growth catalyst, since MLCCs are critical in powertrain control units, battery management systems, and infotainment components. Additionally, the availability of skilled labor, favorable logistics infrastructure, and proximity to raw material sources like rare earths and ceramic oxides further support the cost-effective manufacturing of MLCCs.

Considered in this report

• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report

• Multilayer Ceramic Capacitor Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type

• General Capacitor
• Array
• Serial Construction
• Mega Cap
• Others

By End-use

• Electronics
• Automotive
• Industrial
• Telecommunication
• Data Transmission
• Others(Medical Electronics, Aerospace & Defense, Railways)

By Rated Voltage Range

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

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases.

After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to this industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.